Netherlands’s Firm RFC to Invest in the Dairy and Food Sectors of Pakistan

Arif Qureshi

Islamabad: An internationally reputed firm of Netherlands Royal Friesland Company (RFC)  showed keen interest to invest in the dairy and food sectors of Pakistan, the company’s Global Chief Financial Officer Hein Schumacher expressed his desire in the meeting with Finance Minister Ishaq Dar here in Islamabad on Saturday.

Hein Schumacher was leading a delegation of RFC made a delegation level meeting with senior officials of the Ministry of Finance and Federal Bureau of Revenue here in Islamabad. In the meeting the Dutch delegation informed the Minister about RFC’s plan to invest in the dairy and food sector in Pakistan.

Minister Dar welcomed the delegation and gave them an overview of the investment policy of the government and the opportunities that were offered to foreign companies in Pakistan. He said a number of multinational companies had been engaged in business ventures in Pakistan and RFC would also be offered maximum possible facilitation in undertaking investment here.

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He said that Government has full focus on achieving economic growth and foreign investment was a major tool to help achieve this objective. Members of the visiting delegation commented that they were eagerly looking forward to implement the RFC’s investment plan which was in the final stages of approval and that the company would be pleased to contribute to economic progress in Pakistan.

Earlier on Friday Ambassador of Switzerland, Marc George and Charged’ Affaires, Embassy of Netherlands, Renate Pors, Head of Economic Section, Netherlands Embassy, Mr. Rick Slettenhaar called on Finance Minister, Senator Mohammad Ishaq Dar here in Islamabad.

They discussed with the Finance Minister the current investment portfolio as well as future investment plans of Swiss and Netherlands companies in Pakistan. The Minister assured Marc George and Mrs. Renate Pors all possible support for facilitating the companies from Netherlands and Switzerland in setting up their business ventures and investment in Pakistan.

The volume of Bilateral trade between Pakistan and Netherlands was around $900 million in 2015, and Last month in her interaction with the business community during an inaugural ceremony of a new plant of flour mill at Wah Cantt, District Rawalpindi Netherlands Ambassador to Pakistan Jeannette Seppen hoped that we will get the set target $1 billion trade during the current year. She said the present volume of trade between Pakistan and Netherlands is far below the true potential of both countries and efforts should be made to improve two-way trade. Netherlands is also helping Pakistan to access to EU markets through its CBI programme.

The Writer is Editor Daily Online News Paper “The Fortress” can be reached # arifqoreshi@gmail.com

 

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