Cargill, the US-based company with global outreach, which is operating for over three decades in Pakistan, is expanding its footprint in the country by diversifying operations mainly into port infrastructure. The company has announced an investment of $200 million over the next three to five years through joint ventures in port infrastructure and other sectors.
The company is all set to acquire meaningful shareholding in one of the import and export terminals at Port Qasim, Karachi. “We are in talks with Fauji Akbar Portia (FAP) Marine Terminals to invest in the import and export facility by acquiring shareholding,” Cargill Country Head in Pakistan Imran Nasrullah said
FAP is Pakistan’s first dry cargo terminal built at a cost of $135 million and inaugurated in October 2010. It is a joint venture between Fauji Foundation (FF) and Akbar Group with National Bank of Pakistan (NBP) also holding equity in the company.
