
Nestlé will invest an additional $60 million in Pakistan to expand its operations. The company plans to use Pakistan as a regional manufacturing and export hub, serving 26 countries. The announcement was made on the sidelines of the World Economic Forum in Davos.
Nestlé has announced an additional investment of $60 million in Pakistan and plans a robust expansion in its operations, reaffirming its long-term commitment to the country. The announcement was made during a meeting between Finance Minister Muhammad Aurangzeb and Nestlé’s Executive Vice President and CEO for Asia, Oceania, and Africa, Remy Ejel, on the sidelines of the World Economic Forum (WEF) in Davos.
According to the finance ministry, the announcement came during a high-level business roundtable chaired by the finance minister, which brought together senior executives of leading multinational corporations to discuss Pakistan’s reform agenda, investment climate, and growth prospects. Nestlé said it intends to position Pakistan as a regional manufacturing and export hub, exporting products to 26 countries.
Ejel expressed confidence in Pakistan’s economic outlook, citing its demographic potential, rising nutrition needs, and under-penetrated value-added food segments. He noted that these mirror growth trajectories seen in Southeast Asia.
Finance Minister Aurangzeb welcomed the investment, calling it a strong vote of confidence in Pakistan’s economic reforms. He reiterated the government’s commitment to policy consistency, tax reform, and facilitating long-term, sustainable investment.
