Cargill lines up US$200m investment to grow business in Pakistan

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…

PepsiCo and Coca-Cola to invest US$1.4b in Pakistan

ASIA – The world’s beverage giants are planning to invest in Pakistan with PepsiCo lining up US$1.2 billion in the next five years while Coca-Cola will further invest US$200 million in the coming two to three years, according to a statement from Prime Minister Imran Khan’s office. A report by Arab News reveals that the…

Tanzania’s rice imports from Pakistan climbs 20% higher

TANZANIA - Tanzania’s has recorded a 20% increase in rice imports from Pakistan valued at US$29.6 million between July and December 2017, based on a report by Smart Money. Tanzania tops the list of importers from Pakistan, the world’s fourth largest producer of rice exporting long grain white rice, parboiled rice, broken rice, irri6 rice,…

Kenyan tea sales to Pakistan declines following stringent rules on aflatoxin

KENYA - Kenya’s tea exports to top buyer Pakistan dropped by half or US$36.55 million loss in sales compared to the same period last year after the top market instituted a requirement for rigorous testing for aflatoxin. The Tea Directorate attributed declined sales to strict rules used in aflatoxin tests following a disagreement between Kenya…