Coca Cola investments in Pakistan amounts to $350 million now

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Coca Cola investments in Pakistan amounts to $350 million now

Coca Cola has been a leading investor in Pakistan for years now. The beverages is sold widely across the country. The improvement in economic and security conditions of the country has encouraged the multinational company to make further investments. Mr. Nathan Kalumbu, President of Coca Cola Company Eurasia and Africa Group along with his delegation recently met with Finance Minister Ishaq Dar. Other members of the delegation included Curtis A. Ferguson, President Coca Cola Middle East & North Africa (MENA), Rizwanullah Khan, General Manger Pakistan and Afghanistan Region, John Matthew Galvin, General Manger Coca Cola Beverages Pakistan Ltd and Fahad Qadir, Director Public Affairs & Communications Pakistan & Afghanistan Region.

The minister welcomed the delegation warmly and expressed different opportunities in which the MNC can cash on. Coca Cola is set to inject new finances in the economy of Pakistan. These investments will make the outlay up to over $350 million. The investment plans includes setting up of three new plants in Karachi, Islamabad and Multan.

As per Mr. Kalumbu, Pakistan ranks 7th in size among the 84 countries in the company’s Eurasia and African group. Therefore, Coca Cola is interested in further developing its marketing and production sectors in Pakistan. Finance Minister Ishaq Dar ensured the delegation of the government’s liberal investment regime. He promised to facilitate the investment depending on the regulations of the country.

Source: Brand Synario