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May 29, 2007 Tuesday Jamadi-ul-Awwal 12, 1428





German firm to set up dairy plant


LAHORE, May 28: Following the investment by a multinational German store 'Metro' in Pakistan, a Germany based dairy products company will also invest here and a delegation of the firm will soon visit Pakistan in this regard.

Punjab Minister for Industries Ajmal Cheema talking to industrialists at a reception on Monday said that the German company was interested in setting up a dairy plant in the Punjab.

He said that Pakistan had become investors' ‘paradise’ and its foreign exchange reserves had risen to over $13 billion.

The minister said that 'Metro' will establish two stores in Lahore, one at Bund Road and the other at Thokar Niaz Baig. Besides, the company will also impart training to Pakistani farmers on modern storage and marketing techniques of fruits and vegetable.—APP






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