Dutch Royal Friesland Company (RFC), a renowned dairy maker, has shown interest in making investment in Pakistan, the world’s third largest producer of milk.
A RFC delegation headed by led by its Global Chief Financial Officer (CFO), Hein Schumacher met Pakistan’s Finance Minister Ishaq Dar in Islamabad and expressed desire of its company to enter the country’s livestock market.
Pakistan’s annual milk production is close to 42 million tons, and the South Asian country ranks third behind India and the United States. World’s fourth major milk processor, Nestle, currently dominates the market and is a household name.
The delegation informed the Minister about RFC’s plan to invest in the dairy/food sector in Pakistan. Schumacher also shared with the Minister, the international investment portfolio of the company.
He said that RFC had a profound desire to undertake investment in Pakistan because of the attractive business environment. He said there are “positive prospects in Pakistan not just in the dairy and food sector but in other sectors as well.
Minister Dar welcomed the delegation and gave them an overview of the investment policy of the government and the opportunities that were offered to foreign companies in Pakistan.
Besides Nestle, a number of multinational companies had been engaged in business ventures in Pakistan and RFC would also be offered maximum possible facilitation in undertaking investment here, the Minister assured.
Members of the visiting delegation commented that they were eagerly looking forward to implement the RFC’s investment plan which was in the final stages of approval and that the company would be pleased to contribute to economic progress in Pakistan.