• Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Thursday, January 22, 2026
Daily The Business
  • Login
No Result
View All Result
DTB
No Result
View All Result
DTB

DAVOS 26: Nestlé to expand operations in Pakistan with $60mn investment

January 22, 2026
in Business
DAVOS 26: Nestlé to expand operations in Pakistan with $60mn investment
Share on FacebookShare on TwitterWhatsapp

Confirming its plans for a major expansion of operations in Pakistan, Nestlé, the world’s largest food and beverage company, announced an additional $60 million investment in the South Asian country.

Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestlé, Remy Ejel, announced the development during a high-level Business Roundtable on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

During the meeting, Ejel said that Nestlé will undertake a robust expansion of its operations in the country and reaffirmed the long-term commitment to Pakistan.

READ MORE: Nestlé brings Pakistan operations on par with global plants, plans to showcase investments at Davos

According to the statement, the CEO also announced that Nestlé intends to use Pakistan as a regional manufacturing and export hub, exporting products to 26 countries from Pakistan.

Ejel foresaw robust growth in Nestlé’s business in Pakistan in the coming years and noted that Pakistan’s demographic profile, growing nutrition needs, and underpenetrated value-added food segments closely mirror successful growth trajectories seen in Southeast Asia.

He also highlighted Nestlé’s global scale as one of the world’s leading food, beverage, nutrition, and health companies, with operations in over 180 countries, a workforce exceeding 277,000 employees, and global revenues of approximately $114.25 billion (2025).

As per the statement, the finance minister welcomed Nestlé’s investment 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 press release said.

Aurangzeb also emphasised that Pakistan offers 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.”

Last month, CEO Nestlé, Jason Avancena, highlighted Nestlé Pakistan’s significant progress in technology-driven manufacturing, noting that facilities in Sheikhupura and Khanewal were now fully automated and connected to global diagnostic systems, placing Pakistan’s operations on par with leading Nestlé facilities worldwide.

Share15Tweet10Send
Previous Post

European shares rebound as Trump withdraws tariff threats over Greenland

Next Post

3 takeaways from our Davos panel on the future of robotics

Related Posts

Relief for Indian rupee on risk rally after Trump walks back Europe tariff threat
Business

Relief for Indian rupee on risk rally after Trump walks back Europe tariff threat

January 22, 2026
Property Miles Secures 8 Marla Pine Avenue & Exclusive deal of 1 Kanal Jhelum Road at Etihad Town Phase-III
Business

Property Miles Secures 8 Marla Pine Avenue & Exclusive deal of 1 Kanal Jhelum Road at Etihad Town Phase-III

January 22, 2026
Ambani’s Reliance faces a rare January setback
Business

Ambani’s Reliance faces a rare January setback

January 22, 2026
Business

US stocks up after Trump says won’t take Greenland with force

January 21, 2026
New all-time high: gold per tola jumps past Rs500,000 mark in Pakistan
Business

New all-time high: gold per tola jumps past Rs500,000 mark in Pakistan

January 21, 2026
Gold crosses $4,800 for the first time as US, EU spar over Greenland
Business

Gold crosses $4,800 for the first time as US, EU spar over Greenland

January 21, 2026

Popular Post

  • FRSHAR Mail

    FRSHAR Mail set to redefine secure communication, data privacy

    127 shares
    Share 51 Tweet 32
  • How to avoid buyer’s remorse when raising venture capital

    33 shares
    Share 337 Tweet 211
  • Microsoft to pay off cloud industry group to end EU antitrust complaint

    55 shares
    Share 22 Tweet 14
  • Capacity utilisation of Pakistan’s cement industry drops to lowest on record

    48 shares
    Share 19 Tweet 12
  • SingTel annual profit more than halves on $2.3bn impairment charge

    48 shares
    Share 19 Tweet 12
American Dollar Exchange Rate
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy
Write us: info@dailythebusiness.com

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Advertise
  • Contact Us
  • Daily The Business
  • Privacy Policy

© 2021 Daily The Business

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.