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Nestlé Pakistan boosts global exports presence to 18 countries

05:00 PM | 29 Jan, 2024
Nestlé Pakistan boosts global exports presence to 18 countries

Recognizing the importance of international trade in fostering economic development, creating employment opportunities, and promoting cross-cultural exchange, Nestlé has achieved a milestone by enhancing Pakistan's total national exports.

Nestlé Pakistan’s export business has been on an accelerated growth trajectory since 2020; however, last year, with consolidated efforts, exponential revenue growth was achieved through a combination of expansion to new markets and an increase in revenue from existing strategic markets across continents.

Talking about Nestlé’s achievements, Foreign Minister of Pakistan Jalil Abbas Jilani said, “Nestlé Pakistan has been present in Pakistan for over three decades and is a household name here. Pakistan and Switzerland enjoy excellent bilateral relations anchored in mutual goodwill and beneficial economic relations. Pakistan is an attractive investment destination due to its business-friendly policies, and I hope other Swiss companies will also explore investment opportunities in Pakistan.”

Commerce Minister Dr Gohar Ejaz, citing the government’s efforts to boost exports, said, “Commerce Ministry has been formulating strategies and policies to promote international trade and ensuring alignment with broader economic goals. Nestlé’s accomplishment marks a significant milestone for the packaged food sector.”

Jason Avanceña, Chief Executive Officer of Nestlé Pakistan, said, “Having completed 35 years in Pakistan with a strong Swiss legacy of trust and quality, Nestlé Pakistan has successfully positioned itself as a global player in the food and beverage industry.”

“We have also contributed to local growth, as sourcing raw materials locally has stimulated the agricultural sector, benefiting farmers and suppliers across the country,” he added.

Nestlé offers over 2,000 brands globally, some of which are unique to some markets. Nestlé Pakistan is proud to bring some of the most iconic Pakistani brands in tea creaming, beverages and dairy culinary categories, such as NESTLÉ EVERYDAY, NESTLÉ FRUITA VITALS, NESTLÉ MILKPAK CREAM and many more, that extend their liking beyond the country’s borders and find their home on shelves for consumers around the world, particularly the Pakistani diaspora.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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