Despite challenging situation Karachi has enough potential to prove that it’s a lucrative city for investments: Governor Sindh
Karachi, February 20, 2013 (PPI-OT): Governor Sindh Dr. Ishrat Ul Ebad Khan has said despite the challenging situation the city of Karachi have enough potential to prove it self amongst the lucrative city of the region, for investments. Multinational are planning to make Karachi as their regional hub. It is heartening to know that Reckitt Benckiser’s companies continued confidence and commitment to the country.
“Investments are fundamental in stimulating the economy and creating more jobs”, Reckitt Benckiser Pakistan is celebrating over 60 successful years in Pakistan. On this occasion, the company has unveiled plans for another big investment in the form of a new manufacturing facility in Karachi. He was speaking as a chief guest on the ground breaking ceremony of the new factory at Governor House.
Speaking at the ground breaking ceremony of the new factory, Mr. Salvatore Caizzone, Executive Vice President Reckitt Benckiser Group said “Our Company’s vision is a world where people are healthier and live better. This investment decision reaffirms our commitment to providing Pakistani consumers healthier lives and happier homes”.
“We expect that this factory will create more jobs and will further cement RB Pakistan’s standing as a manufacturing and export hub within the RB world” Mr. Caizzone said.
Reckitt Benckiser’s existing Mauripur plant already exports products to a number of countries around the world in the Middle East, Far East, Africa, Latin America, European Union and Australi”We have a very positive outlook for the country and Pakistan remains a very important market for Reckitt Benckiser.
Pakistan is the world’s sixth largest nation, has a growing population that is very young and middle class that is visibly emerging and has more spending power today then it did five years ago”, Mr. Caizzone commented.
Every year RB contributes over Rs 1.7 billion to the exchequer in the form of Customs Duty, Sales Tax, Federal Excise and other related taxes. It has a factory in Karachi and regional offices across Pakistan and provides employment to about 5000 families via its large sales and distribution network.
RB Pakistan is a consumer goods company engaged in the manufacturing and marketing of leading brands like Dettol, Mortein, Veet, Harpic, Strepsils, Gaviscon, Cherry Blossom, Disprin and Durex. It is a subsidiary of Reckitt Benckiser Group Pic, a global consumers goods leader in Health, Hygiene and Home, having operations in over 60 countries and headquartered in the UK.
For more information, contact:
Reckitt Benckiser (Pakistan) Ltd
9th floor, QM Building
Plot No. BC-15 Block 7, Clifton
Tell: +92 21 3583 9043