Nestlé will invest $60 million in Pakistan to expand its business.

Global food and beverage corporation Nestlé has declared an investment of $60 million in Pakistan to expand its activities, according to a statement from Pakistan’s Finance Division on Thursday.

The development occurred in Davos during the World Economic Forum summit. Finance Minister Muhammad Aurangzeb presided over a high-level Business Roundtable with numerous chief executive officers and senior executives from worldwide firms to deliberate on Pakistan’s reform trajectory, investment climate, and economic potential.

The Finance Division stated, “A significant highlight of the discussion was the announcement by Remy Ejel, Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestlé, regarding an additional investment of USD 60 million in Pakistan.”

“Mr. Ejel announced that Nestlé will implement a vigorous expansion of its operations in the country, reaffirming its enduring commitment to Pakistan.”

Ejel also declared that Nestlé plans to utilize Pakistan as a regional manufacturing and export center, distributing products to 26 nations from this location, according to the release.

In August of the previous year, a senior Nestlé delegation convened with Aurangzeb to delineate the company’s strategy focused on localization, advanced manufacturing, sustainability, and agricultural change within the nation.

Ejel observed that Pakistan’s population characteristics, increasing nutritional requirements, and “underdeveloped value-added food sectors” closely resemble the successful growth patterns observed in Southeast Asia, according to the Finance Division.

The finance minister of Pakistan lauded Nestlé’s decision, characterizing it as a “robust endorsement” of the nation’s economic reforms and formalization initiatives.

The statement indicated that he reiterated the Government’s dedication to enhancing the tax ecosystem, maintaining policy consistency, and promoting responsible long-term investment through ongoing collaboration with the private sector, including the Tax Policy Office established within the Finance Division.