ASIA – The global agricultural merchant, Cargill has announced plans to invest more than US$200 million in Pakistan to grow its food and agricultural business in the next three to five years.
Planned investment will be carried out across agricultural trading, oilseeds crushing, edible oils, animal feed and dairy industries, which all are critcal in enhancing growth for the family-owned company.
The announcement was made in the meeting when Cargill’s global executive team met with the Honorable Prime Minister of Pakistan, Mr. Imran Khan to discuss the company’s future investment plans.
Throughout the period, Cargill will bring in its global expertise and investment to ensure growth of both its business and the country while ensuring safety and food traceability.
The company said it will provide world class innovations to support the country’s dairy industry as well as meet rising demand for edible oils backed by evolving consumption patterns and a growing market for animal feed.
Having been in Pakistan for more than 30 years, Cargill is happy to demonstrate our commitment to the country’s future through investment in our business and communities here.
Finalizing one of our first investments in the agricultural supply chain in Pakistan is our top priority.
We have received a very positive response from the Pakistani government and we value their support as we expand our presence here, helping industries, farmers and communities succeed.Imran Nasrullah, country head, Cargill Pakistan.
This is part of the company’s commitment to contribute to economic development of Pakistan and employment creation.
Cargill is actively engaged in giving back to the communities in Pakistan through its community support and natural disaster relief work.
Going forward, the company will work to improve food security, thereby contributing to the social development of the country.
Cargill said this was in line with its global objective of Nourishing the World in a safe, responsible and sustainable way.
In the recent past, Cargill has made several commitments including US$235 million investment plan in the Philippines, and more than US$70 million deal to invest in Thailand’s seafood and poultry.