Web Desk

ISLAMABAD: Multinational Nestl&eacute; announces &ldquo;additional investment&rdquo; in Pakistan at the World Economic Forum (WEF) Business Roundtable in Davos, Switzerland, said the Finance Ministry in a statement on its social X on Thursday. The Federal Minister for Finance and Revenue Muhammad Aurangzeb chaired a high-level Business Roundtable on the sidelines of the World Economic Forum Annual Meeting in&nbsp;<a href="https://www.pakistantv.com/article/our-future-is-promising-country-poised-for-economic-takeoff-pm-sharif-at-davos" target="_blank" style="color:#0073e6;" rel="noopener noreferrer">Davos</a>, bringing together Chief Executive Officers and senior leaders of leading global corporations to discuss the country&rsquo;s &ldquo;reform trajectory, investment climate, and long-term growth potential,&rdquo; said the statement. &ldquo;The roundtable formed part of the Government of Pakistan&rsquo;s ongoing engagement with multinational investors to promote policy predictability, economic formalization, and sustainable, export-oriented growth,&rdquo; said the statement.&nbsp;During the meeting, Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestl&eacute; Remy Ejel announced an additional investment of &ldquo;USD 60 million in Pakistan,&rdquo; said the statement. <div class="fr-embed"><div class="twitter-tweet twitter-tweet-rendered" style="display: flex; max-width: 550px; width: 100%; margin-top: 10px; margin-bottom: 10px;"><iframe id="twitter-widget-0" scrolling="no" frameborder="0" allowfullscreen="true" style="position: static; visibility: visible; width: 550px; height: 897px; display: block; flex-grow: 1;" title="X Post" src="https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=2014259872272179446&lang=en&origin=https%3A%2F%2Fmain.d1wrm1qseko1cp.amplifyapp.com%2Farticles%2F&sessionId=ee5e7de990a1d80e78fe75e0f5988e388a57b737&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px">&nbsp;&nbsp;&nbsp;&nbsp;</iframe></div></div>&nbsp;Ejel stated that Nestl&eacute; will undertake &ldquo;a robust expansion of its operations&rdquo; in the country, reaffirming its long-term commitment to Pakistan, as per the statement.&nbsp;It announced that Nestl&eacute; intends to &ldquo;use Pakistan as a regional manufacturing and export hub,&rdquo; exporting products to 26 countries from Pakistan, foreseeing robust growth in Nestl&eacute;&rsquo;s business in Pakistan in the coming years, added the statement.&nbsp;&nbsp;The announcement rests on the company strategy centering on localization, advanced manufacturing, sustainability, and agricultural transformation, it added.&nbsp;&nbsp;Ejel noted that Pakistan&rsquo;s demographic profile, growing nutrition needs, and underpenetrated value-added food segments closely mirror &ldquo;successful growth trajectories seen in Southeast Asia,&rdquo; said the statement.&nbsp;Finance Minister Muhammad Aurangzeb described it as a &ldquo;strong vote of confidence&rdquo; in Pakistan&rsquo;s economic reforms and formalization drive, added the statement.&nbsp;&ldquo;The Finance Minister emphasized that Pakistan offers compelling opportunities in affordable nutrition, climate-resilient dairy, localized sourcing, and export-oriented manufacturing, and reiterated the government&rsquo;s resolve to position Pakistan as a competitive base for regional production and global value chains,&rdquo; it added.

Economy

Multinational Nestlé announces “additional investment” in Pakistan at the World Economic Forum Business Roundtable

Articles tagged with "Investment in Pakistan"

Nestle announces $60 million investment in Pakistan