Pakistan’s National Foods establishes first overseas manufacturing facility in Sharjah 

An undated file photo of National Foods' manufacturing facility in Karachi, Pakistan. (Photo courtesy: National Foods/website)
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Updated 22 January 2024
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Pakistan’s National Foods establishes first overseas manufacturing facility in Sharjah 

  • Company’s export sales increased from Rs. 2.2 billion to over Rs2.4 billion, mainly to UAE, in current fiscal year
  • Demand for Pakistani products on the rise largely due to growing Pakistani diaspora, analysts say

KARACHI: Pakistan’s National Foods has established its first overseas manufacturing facility in Sharjah, the United Arab Emirates (UAE), to increase its global footprint and boost exports of edibles goods, a company official and analysts said on Monday. 

National Foods (NF) is principally engaged in the manufacturing and sale of a wide range of food products including pickles, ketchups and desserts. The UAE remains the primary overseas geographical market for the company’s product. 

“As part of strategy on international business, the company’s wholly owned subsidiary i.e., 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.

National Foods DMCC, the Dubai-based subsidiary, was formed in 2012 for the Middle East market and has helped expand the company’s global footprint, Abrar Hasan, CEO of National Foods, said.

The company had applied for a manufacturing license in the UAE, which had been granted, he added. 

“Now we will start manufacturing with the purpose of better access to the market particularly, the Middle Eastern markets,. This will be the first overseas manufacturing facility,” Hasan told Arab News, adding that the facility would also help in the localization of products. 

He said the company planned to expand beyond just Gulf countries, and already had presence in Canada, UK and the US.

The company’s export sales increased from Rs. 2.2 billion to over Rs2.4 billion, mainly to the UAE, during the last fiscal year, while exports increased by Rs638 million during the first three months of the current fiscal year, according to a financial statement of the company posted on Pakistan Stock Exchange (PSX).

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. 


Pakistan urges revival of long-paralyzed SAARC as bloc marks 40th charter anniversary

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Pakistan urges revival of long-paralyzed SAARC as bloc marks 40th charter anniversary

  • PM Sharif says political rifts have stalled regional collaboration, calls for economic and digital connectivity
  • He mentions regional challenges requiring collective responses based on mutual trust, spirit of cooperation

ISLAMABAD: Prime Minister Shehbaz Sharif on Monday called for reviving the long-paralyzed South Asian Association for Regional Cooperation (SAARC), saying deeper economic collaboration and collective responses to shared challenges were essential as the bloc marked the 40th anniversary of its founding charter.

SAARC has been effectively dysfunctional since 2016, when its planned Islamabad summit collapsed after India withdrew following a militant attack it blamed on Pakistan. Islamabad denied involvement, but New Delhi’s decision prompted Afghanistan, Bangladesh and Bhutan to pull out, leading to the indefinite postponement of the summit.

Beyond the immediate rupture, SAARC was widely believed to have already become stagnant because of structural issues, including the India-Pakistan rivalry and New Delhi’s pivot toward alternative regional groupings.
Sharif extended his greetings to the peoples and the governments of “all SAARC member states” in a statement circulated by his office.

“When SAARC was established, over four decades ago, it was meant to provide an essential platform, to promote dialogue, foster cooperation and strengthen the bonds that bring our nations together,” he said.

“While these goals have, regrettably, remained elusive due to political considerations within the region, I commend the SAARC Secretariat for striving hard to provide its dedicated assistance as well as for its efforts to advance the organization’s goals and create opportunities for meaningful collaboration among the member states,” he added.

The prime minister noted his administration remained committed to the principles and objectives of the SAARC Charter.

“We believe that genuine cooperation, guided by sovereign equality, mutual respect and constructive engagement, can unlock South Asia’s vast potential and ensure a better tomorrow for all,” he said.

Sharif maintained the region needed stronger economic, digital and people-to-people connectivity to expand trade, investment, innovation and cultural exchange, adding that South Asian states faced shared pressures from poverty, climate-induced natural disasters, food and energy insecurity and public-health vulnerabilities.

These, he continued, required “collective responses based on mutual trust, goodwill and a spirit of cooperation.”

His statement did not directly mention India, though last week, his deputy, Ishaq Dar, urged a “reimagining” of South Asia’s fractured regional architecture, saying an 11-year freeze in dialogue with New Delhi had eroded prospects for long-term stability in one of the world’s most volatile regions.

Dar criticized the paralysis of SAARC, saying “artificial obstacles” needed to be removed for it to resume its role as a platform for economic cooperation, and argued the region would only achieve its political and economic potential if countries committed to cooperation and a future “where connectivity replaces divisions.”