Pakistan lost in Kargil but PM Imran Khan ‘wins’ over Cargill

Islamabad, Jan 18: Global food and agriculture producer Cargill has renewed its long-standing commitment to Pakistan by revealing plans to invest more than USD200 million over the next three-to-five years.

The revelations came soon after Cargill's global executive team met Pakistani Prime Minister Imran Khan and other senior officials of his government to discuss the company's future investment programmes.

The Cargill team was led by its head of Global Strategy and Chairman, Cargill Asia Pacific region, Marcel Smits and president of Cargill Agricultural Supply Chain Gert-Jan van den Akker.

"Being a global food and agriculture producer with a strong focus on Asia, Cargill aims to partner on Pakistan's growth by bringing its global expertise and investment into the country," Pakistan's The News International reported.

The Cargill delegation told PM Khan on the occasion that the company wanted to invest in Pakistan as back as 2012 but backed out over mismanagement, corruption and non-availability of level-playing fields under the previous regimes. The current government's policies have reportedly restored the confidence of the investor and it decided to come forward again.