National Foods Pakistan, has inaugurated its inaugural international production facility in Sharjah, United Arab Emirates (UAE). This strategic move aims to expand its global presence and enhance the export of food products, as reported by Arab News on Wednesday.
The UAE remains the primary overseas geographical market for the company’s products.
“As part of the strategy on international business, the company’s wholly-owned subsidiary ie, National Foods DMCC based in Dubai, has established a further subsidiary namely National Foods (FZE), in Sharjah, UAE,” the company said in a stock filing.
Share of exports is about 20 percent of National Food’s total turnover, Hasan said. Local sales remained around Rs40 billion during the fiscal year 2023 as compared to Rs36.6 billion in the previous year, according to the financial statement.
Pakistani analysts based in the UAE said the demand for Pakistani products was on the rise mainly due to the growing Pakistani diaspora.
“Pakistani diaspora is growing in large numbers in Gulf countries and at the same time the demand for the Pakistani products is also rising,” Danish Kazi, a financial and political analyst based in UAE, said.
National Food’s share prices closed at Rs159.12 after trading on Monday.
