DAVOS: Nestle announced an additional $60 million investment in Pakistan and plans a major expansion of its operations in the country. Finance Minister Muhammad Aurangzeb met Remy Ejel, Nestle’s Asia, Oceania, and Africa CEO, at the World Economic Forum in Davos. The announcement highlights Nestle’s long-term commitment to Pakistan and its growing regional role.
During a high-level business roundtable chaired by Aurangzeb, global corporate leaders discussed Pakistan’s reform trajectory, investment climate, and growth potential. Ejel said Nestle intends to use Pakistan as a regional manufacturing and export hub, supplying 26 countries. He expressed confidence in robust business growth in Pakistan in the coming years.
Nestle’s strategy focuses on localisation, advanced manufacturing, sustainability, and agricultural transformation. Ejel noted Pakistan’s young population, growing nutrition needs, and underdeveloped value-added food sectors mirror successful growth trends in Southeast Asia. Aurangzeb welcomed the investment as a “strong vote of confidence” in Pakistan’s economic reforms.
The finance minister highlighted opportunities in affordable nutrition, climate-resilient dairy, local sourcing, and export-oriented manufacturing. He reaffirmed the government’s commitment to policy consistency, tax ecosystem improvements, and facilitating responsible long-term investment.
Meanwhile, Azerbaijan’s Socar announced plans to invest in Pakistan’s oil and gas sector in February. Socar views Pakistan as a key long-term energy partner, citing rising demand and ongoing reforms. Aurangzeb emphasized that oil, gas, and mining remain central to Pakistan’s energy security and industrial growth.
