Karachi: A US-based company, Cargill, has announced its intention to invest in Pakistan’s port infrastructure, a news source reported.
Cargill has been working for more than thirty years in Pakistan, and possesses global outreach. It plans to diversify its operations by investing $200 million through a joint venture of port infrastructure, poultry & animal feed, dairy sector, and edible oil factories. Reportedly, the company will dole out this monetary sum during the next three to five years.
Cargill is ready to gain meaningful shareholding status in one of the import & export terminals at Port Qasim, Karachi. The company is currently in talks with the Fauji Akbar Portia (FAP) Marine Terminals in this regard.
The US-based company plans to invest $30 million in animal feed. It will fix an additional $35 million in logistics and trucking to deliver goods to clients’ doorsteps.
Cargill Country Head in Pakistan, Imran Nasrullah, stated that the company wants to grow in the country through partnerships. He added that he, along with a visiting delegation from Singapore, will meet with Prime Minister (PM) Imran Khan in a couple of days.
