Dutch firm to expand investment

Published December 7, 2004

ISLAMABAD, Dec 6: SHV Holding of the Netherlands, a multinational company that has made investments in Pakistan in the LPG and gas sector, has decided to diversify its investment in the country.

This was disclosed by Piet C. Klaver, President of SHV Holding, during a meeting with Prime Minister Shaukat Aziz here on Monday. He said the company had launched a massive project of wholesale distribution of agriculture commodities and dairy products to help in upgrading the quality of agriculture products in the country so that farmers could get better prices of their products.

The company, he said, would help a great deal in supply of quality fruits, vegetables and dairy products in the domestic and international market. "The export of Pakistan's dairy products and fruits will get a big boost."

Welcoming Mr Klaver, Prime Minister Shaukat Aziz said Pakistan was providing a level-playing field to investors, both local and foreign. He said with the increase in GDP growth, demand for durable goods was increasing very fast.

Pakistan, he said, had a great potential for investment. "The continuity and consistency of economic policies has created an enabling environment for investors." The prime minister said every sector of the industry was undergoing expansion, new industries were coming up and Pakistan had concluded the IMF programme and decided to go to international capital market. -APP

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