Matco Foods and Bank Alfalah signed a multimillion-dollar agreement to enhance corn starch production in Pakistan. This three-year financing partnership aims to boost production capabilities at Matco’s facility in the Allama Iqbal Industrial City, Faisalabad, increasing capacity from 200 tons per day (tpd) to 300 tpd. The funds will also help repay short-term loans.

Khalid Ghori, CEO of Matco Foods, expressed gratitude for Bank Alfalah’s support, emphasizing their commitment to growth and thanking government stakeholders for their assistance. Farooq Ahmed Khan, Group Head at Bank Alfalah, highlighted the bank’s dedication to fostering strategic investments in Pakistan’s agribusiness sector.

Overall, this alliance represents a significant investment in the industry and reflects confidence in Pakistan’s economic potential.