Business

UK’s Ashmore Funds to invest in Pakistan beverage can plant

ISLAMABAD: Ashmore Funds of United Kingdom will invest in manufacturing plant of Pakistan’s aluminium beverage can, ARY News reported.

This will be the first of its kind manufacturing facility in Pakistan with an expected annual capacity of over 700 million cans.

In due course, it is intended that the plant will be expanded to an annual capacity of over 1.2 billion cans and will manufacture a range of standard and specialty beverage cans for Pakistan and Afghanistan markets. The Ashmore’s investment plans are also supported by major customers in both the markets.

A business delegation headed by Mr. Jan Dehn, Head of Research, Ashmore had a meeting with Dr. Miftah Ismail, Special Assistant to Prime Minister and Secretary, Board of Investment (BOI) Imran Afzal Cheema.

He is also listed on the London Stock Exchange. He has announced his intention to invest in Pakistan’s from Ashmore fund in the first aluminium beverage can plant near Islamabad.

Speaking on the occasion, Chairman BOI Dr. Miftah Ismail said best facilities are being provided to foreign investors in Pakistan and current government has implemented the investment friendly policy.

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