Cargill to invest $200 million in Pakistan, government says
ISLAMABAD, Jan 17 (Reuters) - Food and agriculture group
Cargill Inc will invest some $200 million in Pakistan over the
coming three to five years in sectors ranging from dairy, to
edible oils and animal feed, the prime minister's office in
Islamabad said on Thursday.
"Cargill's proposed investments will support Pakistan's
overall economic development and contribute to local
employment," it said in a statement following a meeting between
company executives and Prime Minister Imran Khan.
The announcement comes as Pakistan, grappling with a severe
squeeze on its foreign exchange reserves, has stepped up efforts
to stabilze its economy and attract international investors.
Privately owned Cargill will expand its operations across
the agricultural trading and supply chain, edible oils, dairy,
meat and animal feed, the government statement said.
(Reporting by James Mackenzie, Editing by William Maclean)
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