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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Nestle Pakistan    NESTLE   PK0025101012

NESTLE PAKISTAN

(NESTLE)
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End-of-day quote. End-of-day quote KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE - 12/10
7987.61 PKR   +5.00%
12/02Credit of Interim Cash Dividend of Nestle Pakistan Limited
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10/31NESTLE PAKISTAN : Joining hands for water conservation
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10/22Board of directors meeting of Nestle Pakistan Limited
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Nestle Pakistan : Joining hands for water conservation

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10/31/2019 | 08:59am EST

Alliance for Water Stewardship (AWS) hosted its fourth Annual Pakistan Water Stewardship Network (PWSN) meeting in collaboration with WWF-Pakistan, Nestle Pakistan and Planning and Development Department (P and D) on Wednesday.

Representatives from different sectors including government, private, academia, NGOs, corporate partner and donors participated in the meeting and expressed their opinions regarding the growing water challenges in Pakistan and how AWS can play its role in mitigating these challenges.

Adrian Sym, Chief Executive, AWS said, 'Each time I visit Pakistan I am impressed by the energy and commitment to address key water challenges. This commitment has never been needed more, and the PWSN meeting has the opportunity to be a vehicle to bring together different perspectives and drive water use that meets the diversity of needs for people and nature. The leadership is shown through PWSN also gives me great encouragement and fuel to ensure that our members and partners in other countries follow the example being set in Pakistan.'

64pc of Pakistanis deprived of clean drinking water

Sohail Ali Naqvi, Manager Freshwater, WWF-Pakistan said, 'Water stewardship has become a necessity for Pakistan, considering daily water availability, and implementing the Integrated Water Resource Management (IWRM) is not a choice any more. WWF-Pakistan aims to promote environmental conservation and efficient use of natural resources. Through the AWS standard, WWF-Pakistan is helping and supporting the private sector to implement responsible practices that can improve water efficiency, reduces water usage, and address shared water challenges for better basin governance, consequently benefiting people and nature.'

Aatekah Mir Khan, Manager Public Affairs, Nestlé Pakistan said, 'Nestle Pakistan is proud to be the first company in Pakistan to implement the AWS standard at our sites. Three of our factories are already certified while the fourth one has initiated the process. The standard is very helpful in streamlining various steps that a company needs to take in order to be a responsible water steward by pushing you to adopt a well-rounded approach, looking at various aspects be it improving in-house efficiencies, creating awareness among communities or engaging stakeholders.'

Maheen Malik, Country Coordinator, AWS gave an overview of the activities pertinent to the standard that have been taking place in Pakistan.

This year's network meeting objectives were to ensure multi-stakeholder ownership for the Water Stewardship Strategy in Pakistan along with the creation of a dedicated team of water stewards who will work towards scaling up AWS in Pakistan. Fundamentally, water remains a global issue with local context indicating that it is crucial to involve local experts, networks, and stakeholders whose engagement through the PWSN meeting will steer water stewardship in Pakistan.

According to some estimates, 64 per cent of Pakistanis are deprived of safe and clean drinking water. Pakistan wastes $2 billion worth of water in the sea every year. Per capita surface water availability has declined from 5,260 cubic meters per year in 1951 to around 1,000 cubic meters in 2016. The availability is predicted to drop to about 860 cubic meters by 2025 and making Pakistan a water scarce country.

© Pakistan Press International, source Asianet-Pakistan

Stocks mentioned in the article
ChangeLast1st jan.
NESTLE PAKISTAN 5.00% 7987.61 End-of-day quote.-11.36%
NESTLÉ S.A. 0.12% 103.08 Delayed Quote.29.02%
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Latest news on NESTLE PAKISTAN
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Financials (PKR)
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Capitalization 361 B
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Last Close Price 7 950,00  
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Managers
NameTitle
Samer Edmond Chedid Chief Executive Officer & Managing Director
Syed Yawar Ali Chairman
Syed Saiful Islam Chief Financial Officer & Executive Director
Amr Rehan Executive Director & Head-Technical
Syed Babar Ali Non-Executive Director
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NESTLE PAKISTAN-11.36%2 337
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