Unilever, Shell to invest £100 million in Pakistan

In a much needed boost to Foreign Investment, multiple United Kingdom firms have yesterday announced investment of about 100 million pounds in Pakistan. 

Minister for Commerce Pervaiz Malik and UK Trade Minister Greg Hands held a meeting in London and welcomed the investment into fuel stations and manufacturing sector in Pakistan.

Prime Minister’s Trade Envoy to Pakistan MP Rehman Chishti was also present in the meeting.

Shell is planning on setting up around one-hundred new fuel stations along the China-Pakistan Economic Corridor (CPEC) route at selective locations representing up to 13 million pound of investment by 2020.

Unilever will also invest 86 million pounds in new manufacturing capacity at its four factories in Pakistan.

The company has acknowledged Pakistan’s high potential for long-term, sustainable growth, and highlighting the increasing uptake of consumer goods products across the country.

UK Trade Minister Greg Hands on the occasion also reiterated UK’s ambition to continue its preferential trade terms with Pakistan, supporting economic development, after it leaves the EU.

It would continue the terms of the GSP+ scheme which offers low tariff access to the EU.