Coca-Cola to invest $350m in Pakistan

[Sulman Badshah]

Coca-Cola to invest $350m in Pakistan
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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.

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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

 

[yugocrosrb95]

It will be India all over again? Polluted waters and what not and a cheaper than pesticide.. lol

 

[AZADPAKISTAN2009]

Welcomed move , big fan of Coca cola and that other beverage Pepsi

 

[yugocrosrb95]

Welcomed move , big fan of Coca cola and that other beverage Pepsi

Just hope it doesn't end up like India.

 

[I S I]

We'll be better off with no investment at all than companies like Coca cola investing big sums in here.

Coca Cola, Nestle & other big food/Beverages players are shody as F.

 

[yugocrosrb95]

We'll be better off with no investment at all than companies like Coca cola investing big sums in here.

Coca Cola, Nestle & other big food/Beverages players are shody as F.

Somebody please play Eminem Slim Shady lol

 

[touela]

We'll be better off with no investment at all than companies like Coca cola investing big sums in here.

Coca Cola, Nestle & other big food/Beverages players are shody as F.

They are known to tap all underground water. In our country where water all ready is an inadequate resource, they better not invest......

 

[I S I]

They are known to tap all underground water. In our country where water all ready is an inadequate resource, they better not invest......

they should senatize seawerage water for their needs. they can get that technology from Israel as they're an Israeli company.

 

[silent hawk]

Coca-Cola is the leading brand in the world but in Pakistan Pepsi is the market leader.

A healthy completion between these brands would benefit Pakistan in general and the consumers in particular.

 

[touela]

Coca-Cola is the leading brand in the world but in Pakistan Pepsi is the market leader.

A healthy completion between these brands would benefit Pakistan in general and the consumers in particular.

Competion ko maro kholi - think about the environment man... they suck everything out of the ground

 

[Donatello]

Just hope it doesn't end up like India.

It's not like India is otherwise a clean country.........far from it.

 

[A.M.]

Some fairly idiotic responses in this topic.

We need all of the FDI that we can get. Period.

 

[Pak_Track]

Welcomed move , big fan of Coca cola and that other beverage Pepsi

It is not possible to be a fan of both.