In today's world, Nestlé Pakistan is a topic of great relevance and interest to a wide range of people. From its impact on society to its influence on the economy, Nestlé Pakistan has captured the attention of professionals and knowledge lovers alike. As we explore the various facets of Nestlé Pakistan, the need arises to understand its scope and potential, as well as its challenges and controversies. In this article, we will offer a deep and insightful look at Nestlé Pakistan, with the aim of enriching the debate and promoting greater understanding on this topic.
Company type | Public |
---|---|
PSX: NESTLE | |
Industry | Dairy |
Founded | 1988 |
Headquarters | Packages Mall, Shahrah-e-Roomi, Lahore-54760 Pakistan |
Key people | |
Products | Milk, milk-based products, cereals, beverages and bottled drinking water |
Revenue | Rs. 200.60 billion (US$690 million) (2023) |
Rs. 29.04 billion (US$100 million) (2023) | |
Rs. 16.49 billion (US$57 million) (2023) | |
Total assets | Rs. 97.89 billion (US$340 million) (2023) |
Total equity | Rs. 10.58 billion (US$37 million) (2023) |
Number of employees | 3,624 (2023) |
Parent | Nestlé |
Website | www |
Nestlé Pakistan Limited (نیسلے پاکستان) is a Pakistani food company which is a subsidiary of Swiss multinational company Nestlé. It is active in dairy, confectionery, coffee, beverages, infant nutrition and bottled drinking water areas. It is based in Lahore, Pakistan.
Nestlé trades on the Pakistan Stock Exchange.
The company was founded in 1988 by Nestlé in a joint venture with Milkpak. Then in 1992, Nestlé acquired Milkpak brand from its former owner Packages Limited.
The company allegedly repeated controversial infant formula marketing practices in Pakistan during the 1990s. This first emerged in developing countries during the 1977 Nestlé boycott. A Pakistani salesman named Syed Aamir Raza Hussain became a whistle-blower against Nestlé. In 1999, two years after he left Nestlé, Hussain released a report in association with the non-profit organisation, International Baby Food Action Network, in which he alleged that Nestlé was encouraging doctors to push its infant formula products over breastfeeding. Nestlé has denied Raza's allegations. This story inspired the 2014 acclaimed Indian film Tigers by the Oscar winning Bosnian director Danis Tanović.
Pakistan Council of Scientific and Industrial Research (PCSIR) conducted tests on 16 brands of packaged milk and found that only six brands were safe for consumption. It was stated by the PCSIR representative in the National Assembly of Pakistan in January 2017. All the tested milk brands had been given Ultra High Temperature (UHT) and pasteurisation treatment before the PCSIR testing.
Safe for consumption milk brands were Olper's, Nestlé, Milk Pak, Day Fresh, Good Milk, and Nurpur Original. 10 brands of pasteurised milk were also tested, and only Prema Milk was found safe for consumption in 2017.
The company operates two multi-purpose processing plants in the following cities:
The company also operates two water factories in the following cities: