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Pakistan Expects Another $1.4 Billion In investment From PepsiCo, Coca-Cola

November 28, 2018: 12:00 AM EST
The office of Pakistan Prime Minister Imran Khan issued a statement saying that PepsiCo and Coca-Cola have committed to investing an additional $1.4 billion in the coming years. The country is beset with economic and financial problems, especially a swelling current account deficit that has pushed it to seek loans from China and Saudi Arabia and a bailout from the International Monetary Fund. According to the prime minister’s office, PepsiCo will invest another $1.2 billion over the next five years, while Coca-Cola will invest $200 million on top of the current $500 million. Despite Pakistan’s economic woes, consumer goods companies see the world’s sixth most populous country (208 million people) as a promising market.
Asif Shahzad, "Pepsi and Coca Cola pouring $1.4 bln into Pakistan - government", Reuters, November 28, 2018, © The Thomson Reuters
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