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Pakistan gets fizz: Govt says Pepsi and Coca Cola will invest $1.4 bln

Pakistan's economy has been rising in recent years due to a sharp reduction in electricity blackouts and a steep drop in militant attacks, which was a major deterrent to foreign investment.

Asif Shahzad | Reuters  |  Islamabad 

Pepsi and Coca Cola are set to invest $1.4 billion in Pakistan in coming years, a statement from Prime Minister Imran Khan's office said, after executives from the two companies met with Khan. Pepsi planned to make " a further investment of $1.2 bln" in next five years, Khan's office said on Wednesday, after the company's chief executive for Asia, Middle East and North Africa, Mike Spanos, led a Pepsi delegation that met Khan. Coca Cola, which has a $500 million business already in Pakistan, also pledged a planned $200m investment in the coming two to three ...

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First Published: Wed, November 28 2018. 16:31 IST