Rolling out over the next three to five years, the deal was concluded after Cargill’s global executive team met with Pakistani Prime Minister Imran Khan and other senior government officials to discuss the company’s future investment plans.
Cargill said its investment would support Pakistan’s overall economic development and contribute to local employment such as meat and animal feed businesses.
Cargill has invested hundreds of millions of dollars over the past few months to its divisions in Thailand and the Philippines as it focuses on the Asian sector.
The company’s Pakistan country head Imran Nasrullah said the investment would also help the company improve food security in the Asian country.
“Having been in Pakistan for more than 30 years, Cargill is happy to demonstrate our commitment to the country’s future through investment in our business and communities here,” said Nasrullah.
“Finalising one of our first investments in the agricultural supply chain in Pakistan is our top priority. We have received a very positive response from the Pakistani government and we value their support as we expand our presence here, helping industries, farmers and communities succeed.”
Cargill started its Pakistan operations in 1984 and has business interests in animal feed. The company currently employs 50 people in Pakistan.