ISLAMABAD

Coca Cola’s current investment in Pakistan stood at $450 million while another $300 million investment is in the pipeline.

Atilla Demir Yerlikaya, director of Coca Cola’s Group Corporate Affairs, disclosed this during meeting with Finance Minister Ishaq Dar here on Tuesday. He added that Coca Cola had directly employed over 5000 people but indirectly generated job opportunities for about 70,000 people.

The finance minister appreciated the company’s economic contribution in terms of investment and employment generation. He also welcomed its future investment plans and said the present government offered a liberal investment regime for prospective foreign investors and concerns. He added that the government duly recognized the role of beverages industry in terms of revenue generation for the country and would extend all possible support for its promotion and growth. He also sought suggestions for further growth of the beverage industry while safeguarding government revenue at the same time.

The minister also shared with Attila Demir, who is also chairman of Pak-Turk Business Council, his views on the ever growing Pak-Turk cooperation in various spheres. He expressed the desire for enhanced interaction between businessmen of both the countries to strengthen their economic and trade relations.

BRITISH HIGH COMMISSIONER MEETS DAR

British High Commissioner Phillip Barton on Tuesday had a meeting with Finance Minister Ishaq Dar.

The High Commissioner at the outset felicitated the minister on the successful conclusion of the 9th IMF review. He said it was another example of the growing confidence of international financial institutions in Pakistan’s economic stability. He added that gains made in the economic sector and improvement in the security environment have been well received by the British investors.

Philip Barton also had exchange of views with the finance minister on funding by DFID for socio-economic projects. The ninister apprised Barton about the budgetary allocations for the Income Support Programme as well as the planned increase in the number of its beneficiaries. He added that the Programme reached out to the most deserving segments of the society and, in the last two years, a large number of families had benefitted from it.

Philip Barton on this occasion re-affirmed British government’s continued support, under DFID arrangements, for socio-economic development in Pakistan.

Dar appreciated DFID’s support and assistance for development activities in the country and said that during the tenure of Philip Barton, Pak-UK economic cooperation had constantly been on the rise. He hoped that both sides would make all possible efforts to keep up the momentum of this cooperation.