Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a high-level business roundtable on the sidelines of the World Economic Forum Annual Meeting in Davos, bringing together chief executive officers and senior leaders of leading global corporations to discuss Pakistan’s reform agenda, investment climate, and long-term growth outlook.
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A key outcome of the roundtable was the announcement by Remy Ejel, Executive Vice President and Chief Executive Officer for Asia, Oceania, and Africa at Nestlé, of an additional USD 60 million investment in Pakistan. Nestlé plans to significantly expand its operations in the country, reaffirming its long-term commitment and intent to use Pakistan as a regional manufacturing and export hub, with exports planned to 26 countries. The company also projected strong business growth in Pakistan in the coming years, citing confidence in the country’s economic trajectory.
The announcement builds on Nestlé’s recent engagement with the finance minister in Islamabad, where the company outlined a strategy focused on localization, advanced manufacturing, sustainability, and agricultural transformation. Nestlé highlighted its progress in technology-driven manufacturing, including highly automated facilities, increased use of renewable energy, improved packaging solutions, and digitalized supply chains to enhance efficiency while reducing environmental impact.
Ejel also underscored Nestlé’s global footprint, with operations in more than 180 countries, a workforce exceeding 277,000 employees, and global revenues of approximately USD 114.25 billion in 2025. He noted that Pakistan’s demographic profile, rising nutrition needs, and underpenetrated value-added food segments present growth opportunities similar to those seen in Southeast Asia.
Welcoming the investment announcement, Senator Muhammad Aurangzeb described it as a strong vote of confidence in Pakistan’s ongoing economic reforms and formalization drive. He reiterated the government’s commitment to strengthening the tax ecosystem, ensuring policy consistency, and facilitating responsible long-term investment through sustained private sector engagement, including through the Tax Policy Office within the Finance Division.
The finance minister further highlighted Pakistan’s potential in affordable nutrition, climate-resilient dairy, localized sourcing, and export-oriented manufacturing, reaffirming the government’s resolve to position the country as a competitive regional production base and an integral part of global value chains.
