Sulman Badshah
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Coca-Cola to invest $350m in Pakistan
APP — PUBLISHED ABOUT 5 HOURS AGO
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The company has already started implementing its plan to invest over $350 million in the country.
ISLAMABAD: A delegation of the Coca-Cola Company, led by its President Eurasia and Africa Group Nathan Kalumbu, met Finance Minister Ishaq Dar on Thursday and briefed him about the company’s investment plans in Pakistan.
The finance minister said the government offers a liberal investment regime and facilitates all foreign investors in accordance with existing regulations of the country, according to a statement issued by the Ministry of Finance.
Take a look: Two sponsors decline to join US brands in demanding Blatter quits
Nathan Kalumbu apprised the finance minister that encouraged by the economic turnaround and stability achieved by Pakistan in the last two years and the positive rating accorded to it by international rating agencies, the company has already started implementing its plan to invest over $350 million in the country.
He added that Coca-Cola is already a leading US investor in Pakistan.
Unveiling the investment plan, Kalumbu stated that three new plants were being established at Karachi, Multan and Islamabad and the fresh investment would further contribute to strengthening of economy and job creation.
He said Pakistan is ranked 7th in size in Coca- Cola’s Eurasia and Africa group which includes 84 countries and the company accords its due importance in terms of production, marketing and other commercial activities.
He said the company presently employed over 4,000 persons, a number that would increase significantly with the new cache of investment.
Published in Dawn, October 9th, 2015
APP — PUBLISHED ABOUT 5 HOURS AGO
22 COMMENTS
PRINT
ISLAMABAD: A delegation of the Coca-Cola Company, led by its President Eurasia and Africa Group Nathan Kalumbu, met Finance Minister Ishaq Dar on Thursday and briefed him about the company’s investment plans in Pakistan.
The finance minister said the government offers a liberal investment regime and facilitates all foreign investors in accordance with existing regulations of the country, according to a statement issued by the Ministry of Finance.
Take a look: Two sponsors decline to join US brands in demanding Blatter quits
Nathan Kalumbu apprised the finance minister that encouraged by the economic turnaround and stability achieved by Pakistan in the last two years and the positive rating accorded to it by international rating agencies, the company has already started implementing its plan to invest over $350 million in the country.
He added that Coca-Cola is already a leading US investor in Pakistan.
Unveiling the investment plan, Kalumbu stated that three new plants were being established at Karachi, Multan and Islamabad and the fresh investment would further contribute to strengthening of economy and job creation.
He said Pakistan is ranked 7th in size in Coca- Cola’s Eurasia and Africa group which includes 84 countries and the company accords its due importance in terms of production, marketing and other commercial activities.
He said the company presently employed over 4,000 persons, a number that would increase significantly with the new cache of investment.
Published in Dawn, October 9th, 2015
