21 °C Prince George's County, US
June 25, 2019

Dutch Dairy Company RFC Keen to Invest in Pakistan

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.

Related articles

OPF to Hold Convention of Overseas Pakistanis in 2017

The Board of Governors of Overseas Pakistan Foundation (OPF) has decided to hold a convention of overseas Pakistanis in 2017 in which prominent members of the Pakistani diaspora including businessmen, philanthropists, professionals and Pakistani investors from all over the world will be invited. The board decided to use potential of Pakistani diaspora to promote positive […]

MSCI Upgrades Pakistan’s Ranking to Emerging Markets

Pakistan has gained re-entry to Morgan Stanley Capital International (MSCI) index, one of the world’s most popular emerging market indices which is tracked by $1.5 trillion global funds. The re-classification of South Asia’s second-largest economy from frontier markets to emerging markets will help the country attract the much needed foreign investment that has dried up […]