{"id":37167,"date":"2026-01-22T12:04:28","date_gmt":"2026-01-22T12:04:28","guid":{"rendered":"https:\/\/ipp-news.com\/?p=37167"},"modified":"2026-01-22T12:04:28","modified_gmt":"2026-01-22T12:04:28","slug":"nestle-announces-additional-60m-investment-in-pakistan","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=37167","title":{"rendered":"Nestle announces additional $60m investment in Pakistan"},"content":{"rendered":"
Nestl\u00e9 has announced an additional $60 million investment in Pakistan in a move that\u00a0signals\u00a0renewed confidence in the country\u2019s economic reform agenda, the finance ministry said on Thursday.<\/p>\n

The finance ministry said in a post on X that the development came during a high-level business roundtable, held on the sidelines of the World Economic Forum annual meeting in Davos, that\u00a0was chaired by Finance Minister\u00a0Muhammad Aurangzeb and brought together chief executives and senior leaders of major multinational companies to discuss Pakistan\u2019s investment climate, reform trajectory and long-term growth prospects.<\/p>\n

It said a\u00a0“major highlight” of the discussion was the announcement by\u00a0Nestl\u00e9 Executive Vice President and Chief Executive Officer for Asia, Oceania and Africa Remy Ejel of “an additional investment of $60 million in Pakistan”.<\/p>\n

It added that he said Nestl\u00e9 would\u00a0undertake a “robust expansion” of its operations in the country in a\u00a0reaffirmation of\u00a0its “long-term commitment to Pakistan”.<\/p>\n

Nestl\u00e9 Announces USD 60 Million Additional Investment in Pakistan at WEF Business Roundtable<\/p>\n

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, today chaired a high-level Business Roundtable on the sidelines of the World Economic Forum (WEF) Annual Meeting in\u2026 pic.twitter.com\/NB5Vp3vOTK
\n\u2014 Ministry of Finance, Government of Pakistan (@Financegovpk) January 22, 2026<\/p>\n

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He further announced that Nestl\u00e9 intended\u00a0to use Pakistan as a regional manufacturing and export hub, exporting products to 26 countries.<\/p>\n

“Expressing strong confidence in Pakistan\u2019s economic outlook, Ejel foresaw robust growth in Nestl\u00e9\u2019s business in Pakistan in the coming years,” the press release added.<\/p>\n

Read: PM Shehbaz apprises IMF chief of improving economic indicators on WEF’s sidelines<\/p>\n

Welcoming the announcement, Aurangzeb described it as \u201ca strong vote of confidence in Pakistan\u2019s economic reforms and formalisation drive\u201d. He said the government was committed to policy consistency, strengthening the tax ecosystem and facilitating long-term investment through continued engagement with the private sector.<\/p>\n

\u201cPakistan offers compelling opportunities in affordable nutrition, climate-resilient dairy, local sourcing and export-oriented manufacturing,\u201d he said, reiterating the government\u2019s resolve to position the country as a competitive base for regional production and global value chains.<\/p>\n

Ejel said Nestl\u00e9\u2019s strategy in Pakistan was centred on localisation, advanced manufacturing, sustainability and agricultural transformation. He pointed to progress in automation, renewable energy use, improved packaging and digitalised supply chains, saying these steps had strengthened efficiency while reducing environmental impact.<\/p>\n

Referring to Pakistan\u2019s market potential, he said the country\u2019s demographics and nutrition needed\u00a0mirrored growth patterns seen in parts of Southeast Asia.<\/p>\n

Highlighting the company’s global scale, he further said that\u00a0Pakistan\u2019s demographic profile, growing nutrition needs, and underpenetrated value-added food segments closely mirrored successful growth trajectories seen in Southeast Asia.<\/p>\n

The finance minister later met Microsoft co-founder and billionaire philanthropist\u00a0Bill Gates as well. The two focused on Pakistan\u2019s reform agenda, public health priorities, and strengthening cooperation with the Gates Foundation in support of sustainable development.<\/p>\n

He appreciated the Gates Foundation\u2019s long-standing support to Pakistan, particularly its critical role in polio eradication and strengthening health service delivery.<\/p>\n

Meanwhile, the Microsoft co-founder\u00a0shared an update on his foundation\u2019s ongoing and future engagement in Pakistan, reaffirming the shared commitment to achieving polio eradication through close coordination with relevant stakeholders and provincial authorities.<\/p>\n

“Discussions also covered cooperation on the digitization of Pakistan\u2019s taxation system, a key reform priority aimed at improving transparency and strengthening domestic resource mobilisation. Both sides emphasised the importance of efficient tax systems and digital solutions in building long-term economic resilience. The meeting further explored opportunities to expand collaboration in the health sector, including local vaccine production and stronger supply chains. Both sides reaffirmed their commitment to continued engagement and partnership to support Pakistan\u2019s reform efforts and long-term socioeconomic progress,” the ministry said.<\/p>\n

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met Mr. Bill Gates today in Davos on the sidelines of the World Economic Forum. The meeting focused on Pakistan\u2019s reform agenda, public health priorities, and strengthening cooperation with the Gates Foundation\u2026 pic.twitter.com\/9qtX7MrruV
\n\u2014 Ministry of Finance, Government of Pakistan (@Financegovpk) January 22, 2026<\/p>\n

Prime Minister Shehbaz Sharif arrived in Switzerland on Tuesday\u00a0to attend the WEF’s 56th Annual Meeting. The annual conference, held in Davos, serves as a platform for world leaders and executives to address economic challenges, global policies, and innovative solutions. The event is taking place from Monday to Friday.<\/p>\n

Read More: Govt committed to fiscal discipline, PM tells IMF MD<\/p>\n

Dar\u2019s meetings in Davos<\/p>\n

Meanwhile, Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar held a sideline meeting with Thai Foreign Minister Sihasak Phuangketkeow.<\/p>\n

DPM\/FM Senator Muhammad Ishaq Dar @MIshaqDar50 held a sideline meeting today with Mr. Sihasak Phuangketkeow, Foreign Minister of Thailand, at the @wef #WEF26 in #Davos.<\/p>\n

The two Ministers reviewed Pakistan-Thailand bilateral relations, and reaffirmed their commitment to expand\u2026 pic.twitter.com\/p6r2ltdFB2
\n\u2014 Ministry of Foreign Affairs – Pakistan (@ForeignOfficePk) January 22, 2026<\/p>\n

The two leaders reviewed bilateral relations and reaffirmed their commitment to expand cooperation in economic, trade, investment and agriculture sectors. They also exchanged views on regional and international developments and congratulated each other on 75 years of diplomatic relations.<\/p>\n

He also met\u00a0International Committee of the Red Cross President\u00a0Mirjana Spoljaric Egger. The two discussed\u00a0cooperation across various areas and exchanged views on further strengthening collaboration on matters of mutual interest.<\/p>\n

Deputy Prime Minister \/ Foreign Minister Senator Mohammad Ishaq Dar @MIshaqDar50 met with Mirjana Spoljaric Egger, President of the ICRC @ICRCPresident, on the sidelines of the #WorldEconomicForum in #Davos. They discussed Pakistan-ICRC cooperation across various areas and\u2026 pic.twitter.com\/sXd2N7sGig
\n\u2014 Ministry of Foreign Affairs – Pakistan (@ForeignOfficePk) January 22, 2026<\/p>\n

\u00a0<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Nestl\u00e9 has announced an additional $60 million investment in Pakistan in a move that\u00a0signals\u00a0renewed confidence in the country\u2019s economic reform agenda, the finance ministry said on Thursday. The finance ministry said in a post on X that the development came during a high-level business roundtable, held on the sidelines of the World Economic Forum annual […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-37167","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/37167","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37167"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/37167\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37167"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37167"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37167"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}