KARACHI: Minister for Finance and Revenue Senator Muhammad Aurangzeb chaired a high-level business roundtable on the sidelines of the World Economic Forum (WEF) Annual Meeting in Davos, bringing together chief executives and senior leaders of leading global corporations to discuss Pakistan’s reform trajectory, investment climate and long-term growth potential.
The roundtable formed part of the government’s ongoing engagement with multinational investors aimed at promoting policy predictability, economic formalisation and sustainable, export-oriented growth.
A key outcome of the discussion was the announcement by Remy Ejel, executive vice president and chief executive officer for Asia, Oceania and Africa at Nestle, of an additional $60 million investment in Pakistan. Ejel said the company would undertake a significant expansion of its operations in the country, reaffirming its long-term commitment to the market.
He said Nestle plans to position Pakistan as a regional manufacturing and export hub, with products to be exported to 26 countries. Expressing confidence in Pakistan’s economic outlook, Ejel said he expected robust growth in Nestle’s local business in the coming years.
The announcement follows Nestle’s recent engagement with the finance minister in Islamabad, where the company outlined a strategy focused on localisation, advanced manufacturing, sustainability and agricultural transformation. Nestlé has expanded technology-driven manufacturing in Pakistan, including highly automated facilities, greater use of renewable energy, improved packaging solutions and digitised supply chains, enhancing efficiency while reducing environmental impact.
Ejel highlighted Nestlé’s global footprint as one of the world’s leading food, beverage, nutrition and health companies, with operations in more than 180 countries, a workforce of over 277,000 employees and global revenues of about $114.25 billion in 2025. He said Pakistan’s demographic profile, growing nutrition needs and underpenetrated value-added food segments mirror growth trajectories seen in parts of Southeast Asia.
Welcoming the investment, Senator Aurangzeb described it as a strong vote of confidence in Pakistan’s economic reforms and formalisation drive. He reaffirmed the government’s commitment to strengthening the tax ecosystem, ensuring policy consistency and facilitating responsible long-term investment through continued engagement with the private sector, including via the Tax Policy Office within the Finance Division.
The finance minister said Pakistan offers significant opportunities in affordable nutrition, climate-resilient dairy, localised sourcing and export-oriented manufacturing, and reiterated the government’s resolve to position the country as a competitive base for regional production and global value chains.
