Govt urges Nestle to ramp up exports to $100m

The government on Wednesday urged Nestle Pakistan to increase its exports by four times to $100 million in the next six years, which is double the target the company is planning to achieve by exporting its food products. Nestle Pakistan announced its commitment to increase the packaged food exports to $50 million till 2030. The company earned $23 million from exports this year by selling products to 26 nations, said Jason Avancena, Chief Executive Officer of Nestle Pakistan. Nestle should target more than $100 million in exports as the company had that big potential due to its global footprint, said Federal Minister for Industries and Production Rana Tanveer Hussain. He acknowledged Nestle's role in boosting multi-category packaged food exports. Nestle has expanded its export footprint to 26 countries of Europe, North America, the Middle East, Central Asia and East Asia with $23 million of shipments in 2024.