Nestle announces $60m additional investment in Pakistan, to expand operations in country
Nestle on Thursday announced that it would invest an additional $60 million in Pakistan and would also “undertake a robust expansion of its operations in the country”.
The development came as Finance Minister Muhammad Aurangzeb met Remy Ejel, the executive vice president and chief executive officer for Asia, Oceania, and Africa at Nestle, on the sidelines of the World Economic Forum (WEF) in Davos, according to a statement issued by the finance ministry.
According to the ministry, Aurangzeb chaired a high-level business roundtable on the sidelines of the WEF, bringing together chief executive officers and senior leaders of leading global corporations to discuss Pakistan’s reform trajectory, investment climate, and long-term growth potential.
“The roundtable formed part of the government of Pakistan’s ongoing engagement with multinational investors to promote policy predictability, economic formalisation, and sustainable, export-oriented growth,” it said.
“A major highlight of the discussion was the announcement by Ejel … of an additional investment of $60 million in Pakistan. Ejel stated that Nestle will undertake a robust expansion of its operations in the country, reaffirming its long-term commitment to Pakistan,” the statement said.
“He further announced that Nestle intends to use Pakistan as a regional manufacturing and export hub, exporting products to 26 countries from Pakistan. Expressing strong confidence in Pakistan’s economic outlook, Ejel foresaw robust growth in Nestlé’s business in Pakistan in the coming years,” the statement said.
According to the finance ministry, the announcement builds on the company’s recent engagement with the minister in Islamabad, where the company had “outlined its strategy centered on localisation, advanced manufacturing, sustainability, and agricultural transformation”.
The statement further said that Ejal noted that Pakistan’s demographic profile, growing nutrition needs, and underpenetrated value-added food segments closely mirrored successful growth trajectories seen in Southeast Asia.
Meanwhile, Aurangzeb welcomed the announcement and described it as a “strong vote of confidence in Pakistan’s economic reforms and formalisation drive”.
“He reaffirmed the government’s commitment to strengthening the tax ecosystem, ensuring policy consistency, and facilitating responsible long-term investment through continued engagement with the private sector, including via the Tax Policy Office established within the Finance Division,” the statement said.
The minister also emphasised that Pakistan offered compelling opportunities in affordable nutrition, climate-resilient dairy, localised sourcing, and export-oriented manufacturing, and reiterated the government’s resolve to position Pakistan as a competitive base for regional production and global value chains.
