US-based multinational company to invest over $200mln in Pakistan

ISLAMABAD – A US-based multinational company Cargill has renewed its long standing commitment to Pakistan by announcing plans to invest more than 200 million dollars in the next three-to-five years.

The announcement was made after Cargill’s global executive team, led by Marcel Smits, head of Global Strategy and Chairman, Cargill Asia Pacific region, and Gert-Jan van den Akker, president, Cargill Agricultural Supply Chain, met with the Prime Minister Imran Khan in Islamabad today.

The visiting delegation informed the Prime Minister that Cargill intended to invest in Pakistan as back as 2012 but was discouraged by mismanagement, corruption and non-availability of level playing field during the previous governments.

However, investor’s confidence has restored after the incumbent government and the policies being pursued by it.

The Prime Minister welcomed investment plans of Cargill in the area of agriculture development, import substitution and enhancement of agricultural products.

Courtesy- Radio Pak