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.

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 years, Khan's office