KARACHI: Nestle Pakistan has increased the price of milk by Rs5 on a litre pack and Rs2 on a quarter pack to Rs125 and Rs32, respectively, ahead of Ramazan.

The price of EveryDay tea whitener has been increased by Rs20 on a one-kilogram pack and by Rs10 on a 400-gram pack.

Waqar Ahmad, head of corporate affairs at Nestle Pakistan, said the company has a range of sizes in EveryDay, but the prices have been raised for only a few sizes. He said prices have been increased after a long period.

Nestle Pakistan`s earnings stood at Rs4.1 billion in the first quarter of this year while its revenue was Rs30.42bn.

In 2016, the company`s revenue rose nine per cent year-on-year to Rs112 billion. Its export sales stood at Rs4.9bn during the year.