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Pepsico to invest 1 billion in Pakistan

by T.G. Lynn
08.06.2021
in News
A A
Pepsico to invest 1 billion in Pakistan

Artist impression of Pepsico’s Greenfield plant in Multan, Pakistan. The site will be 80,000 sqm, approximately The total construction area of Phase 1 is about 21,000-22,000 sqm, approximately. (Courtesy: Meinhardt)

The construction of the new snack plant in Multan, Pakistan as photographed in November 2018. (Courtesy: Google / M. Sohaib Fiaz)

Mr. Spanos discussed the company’s support for key pillars of Prime Minister Khan’s 100 Day Plan, noting the importance of sustainable development. The two leaders discussed the upcoming launch of two new programs to be funded by a US$1 million grant from the PepsiCo Foundation – the philanthropic arm of PepsiCo globally.

Given Pakistan’s need for clean and safe water for its citizens, PepsiCo Foundation’s grant will make safe drinking water accessible to thousands of people through the rehabilitation and installation of reverse osmosis plants. This builds on the company’s strong record of water conservation in its locally-grown potato crops and in its snacks and beverage operations nationwide.

The PepsiCo Foundation and PepsiCo Pakistan also recognize the need to support the country’s burgeoning young population. Mr. Spanos shared with the Prime Minister the company’s plan to launch a youth skills development and leadership program that will equip the next generation to be workforce-ready and to attain meaningful employment.

Mike Spanos:
 

“Pakistan is an important market for PepsiCo AMENA. It is a country with a young and growing population, and the people of Pakistan are its greatest asset.”

“We are proud of our 50 years of history in the country. We have grown by taking a long-term view, making investments that respond to changing societal needs. We strive to be a development partner with Pakistan.”

“We thank Prime Minister Khan for his leadership, and hope that our PepsiCo Foundation support can make a real difference in the lives of many citizens.”

Tags: PakistanPepsico
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