LAHORE: Governor Punjab Chaudhry Mohammad Sarwar on Tuesday inaugurated a state-of-the-art manufacturing plant at Nestle’s Sheikhupura factory.

The investment at Nestle’s Fruit Vitals plant is $22 million and the production capacity is 24,000 units per hour.

Sarwar said the government aims to create conditions in which foreign companies are attracted towards making new investments. At present, the government is making concerted efforts to revive the nation’s economy, he added.

Samer Chedid, CEO, Nestlé Pakistan said company’s recent investment is a testament to our continuous trust in Pakistan and its growth potential. Due to government’s effort, Pakistan has been listed by the World Bank as among the ‘Top-20 Improvers in Ease of Doing Business 2020’.

Published in Dawn, October 9th, 2019

Opinion

Editorial

Mixed signals
Updated 28 Dec, 2024

Mixed signals

If Imran wants talks to yield results, he should authorise PTI’s committee to fully engage with the other side without setting deadlines.
Opaque trials
Updated 28 Dec, 2024

Opaque trials

Secretive trials, shielded from scrutiny, fail to provide the answers that citizens deserve.
A friendly neighbour
28 Dec, 2024

A friendly neighbour

FORMER Indian prime minister Manmohan Singh who passed away on Thursday at 92 was a renowned economist who pulled ...
Desperate measures
Updated 27 Dec, 2024

Desperate measures

Sadly in Pakistan, street protests and sit-ins have become the only resort to catch the attention of a callous power elite.
Economic outlook
27 Dec, 2024

Economic outlook

THE post-pandemic years, marked by extreme volatility in the global oil and commodity markets as well as slowing...
Cricket and visas
27 Dec, 2024

Cricket and visas

PAKISTAN has asserted that delay in the announcement of the schedule of next year’s Champions Trophy will not...