Pepsico among highest taxpayers in Pakistan, CEO informs PM

'Pepsico willing to launch projects aimed at providing employment opportunities to Pakistani youth'

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ISLAMABAD: Pepsico Africa, Middle East and South Asia CEO Eugene Willemsen, who met Prime Minister Imran Khan on Wednesday, claimed that his company was among the highest taxpayers in Pakistan.

Adviser to PM on Commerce Abdul Razak Dawood and Board of Investment Chairman Syed Zubair Haider Gilani were also present during the meeting.

Eugene Willemsen apprised the PM of Pepscico’s existing investment portfolio in Pakistan; employing around 60,000 individuals directly as well as indirectly, and a network of approximately 700,000 retailers across the country who rely on Pepsico products to make a living.

Highlighting Pepsico’s recent investments, including the successful inauguration of a new snacks plant in Multan, the CEO said that the company has made investment to increase the capacity of its bottling plants and expanded its retail, distribution networks that have increased the number of jobs, generated additional economic activity and increased revenue for the government.

Sharing his company’s commitment to the social development of Pakistan through various social projects, Willemsen expressed willingness to bring projects aimed at enhancing employment opportunities for Pakistan’s talented youth.

Willemsen especially expressed his interest in the development of potato crop in Pakistan through an efficient irrigation system and water conservation.

Recalling Queen Maxima of Netherlands’ visit to Pakistan last year, the CEO also highlighted the company’s efforts for women empowerment and their financial inclusion aimed at uplift of society.

Imran Khan appreciated the existing business venture of Pepsico as well as its proposed future investment plans in Pakistan. He observed that the investment-friendly policies of the present government offered immense opportunities for foreign investors to expand their businesses in diverse fields.

The PM welcomed the commitment of Pepsico towards Pakistan’s social development, saying that the government would extend all possible facilitation to the company for expansion of its businesses, including in the agriculture sector.

He also discussed with Willemsen the possibility of development of the dairy sector of Pakistan as there was a huge potential in the country’s dairy sector.

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