The multinational food and beverage company, Nestlé, on Thursday announced an additional investment of $60 million in Pakistan during a roundtable discussion on the sidelines of the World Economic Forum (WEF) in Davos.
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb chaired the high-level business roundtable, 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 announcement of additional investment was made by Remy Ejel, Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestlé, according to press statement issued by finance ministry.
Remy Ejel said, that Nestlé would undertake a robust expansion of its operations in the country, reaffirming its long-term commitment to Pakistan.
The roundtable formed part of the government of Pakistan’s ongoing engagement with multinational investors to promote policy predictability, economic formalization, and sustainable, export-oriented growth.
Ejel further announced that Nestlé 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.
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