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AkzoNobel Completes Sale Of AkzoNobel Pakistan To Packages Group

Web Desk / October 1, 2026

AkzoNobel Pakistan Sale Completed AkzoNobel has completed the sale of Akzo Nobel Pakistan Limited to IGI Investments (Pvt.) Limited, a company within the Packages Group, marking the completion of the transaction announced as part of the Dutch coatings company’s ongoing portfolio review. The transaction has a total enterprise value of approximately €50 million, equivalent to around PKR 16.2 billion, and represents an EV/EBITDA multiple of 14x. The deal includes AkzoNobel’s Decorative Paints and liquid Coatings businesses in Pakistan. Packages Group Adds AkzoNobel Pakistan to Its Portfolio The acquisition brings AkzoNobel Pakistan into the Packages Group, one of Pakistan’s diversified business groups. Syed Hyder Ali, CEO and Managing Director of Packages Limited, said the acquisition represents an important milestone in the group’s efforts to build and strengthen businesses in Pakistan with established brands, market positions and long-term growth potential. He also said the group’s immediate priority would be continuity for employees, customers, distributors and business partners following the transaction. AkzoNobel Continues Strategic Portfolio Review AkzoNobel CEO Greg Poux-Guillaume described the closing as another milestone in the company’s ongoing strategic portfolio review. He said AkzoNobel appreciated the contribution of its employees in Pakistan and expressed confidence that the Packages Group was positioned to take the business into its next phase of growth, given its presence in Pakistan’s consumer and industrial markets. The completion of the transaction marks the transfer of ownership of Akzo Nobel Pakistan Limited to IGI Investments. Sale Part of AkzoNobel’s Portfolio Refocus The divestment forms part of AkzoNobel’s broader portfolio refocus, which is currently centered on the company’s Decorative Paints positions in Southeast Asia. The sale follows AkzoNobel’s divestment of Akzo Nobel India Limited, which was completed in December 2025. The Pakistan transaction allows Packages Group to expand its portfolio while AkzoNobel continues to streamline its business interests in line with its strategic portfolio review. Transaction Brings Two Established Business Groups Together The acquisition combines AkzoNobel Pakistan’s established Decorative Paints and liquid Coatings operations with the Packages Group’s existing presence in Pakistan’s consumer and industrial sectors. The new ownership will focus initially on maintaining continuity across the business while providing a platform for the acquired operations to continue developing within the Packages Group.

Business

HBL Microfinance Bank, 1LINK & Euronet Sign Agreement to Launch Pakistan’s First PayPak Credit Card

Web Desk / September 29, 2026

ISLAMABAD, September 29, 2026: HBL Microfinance Bank (HBL MfB), 1LINK (Pvt.) Limited and Euronet Pakistan have signed a tripartite agreement to introduce Pakistan’s first PayPak Credit Card, with HBL Microfinance Bank becoming the inaugural credit card partner of PayPak. The partnership marks a significant development in Pakistan’s domestic payments ecosystem and is aimed at expanding access to credit card-based payment solutions for microfinance customers. HBL Microfinance Bank to Issue PayPak Credit Cards The agreement was signed by Amir Khan, President and CEO of HBL Microfinance Bank; Najeeb Agrawalla, CEO of 1LINK; and Kashif Gaya, CEO of Euronet. Under the partnership, each organization will play a specific role in bringing the PayPak Credit Card to market. HBL Microfinance Bank will issue the PayPak Credit Cards and lead the customer proposition. 1LINK will provide the PayPak payment scheme, while Euronet will provide the card processing technology platform and implementation support. Four PayPak Credit Card Variants Planned HBL Microfinance Bank plans to introduce the PayPak Credit Card in four variants: Green, Standard, Pink and Edge. The different variants are intended to provide customers with greater choice and flexibility in meeting their financial and livelihood needs. The initiative is also part of the bank’s broader plans to offer both conventional and Islamic PayPak Credit Card products. The expansion is expected to provide microfinance customers across Pakistan with access to additional credit solutions. HBL Microfinance Bank Highlights Financial Inclusion Amir Khan, President and CEO of HBL Microfinance Bank, said the bank views access to finance as an important means of helping customers move forward with confidence. He said the initiative reflects HBL Microfinance Bank’s commitment to expanding access to responsible and innovative financial solutions. According to Khan, the partnership will provide microfinance customers with greater choice, flexibility and convenience in accessing credit and making payments. He added that combining HBL Microfinance Bank’s customer reach with PayPak’s domestic network and Euronet’s technology would help extend credit card access to customers who have traditionally been underserved by conventional banking products. The bank expects the initiative to support customers’ livelihood needs while promoting responsible borrowing and financial inclusion. 1LINK Calls Agreement a Milestone for Domestic Payments Najeeb Agrawalla, CEO of 1LINK, described the agreement as a landmark development for Pakistan’s payments ecosystem. He said the first PayPak Credit Card reflects the strength of Pakistan’s domestic payment infrastructure and 1LINK’s focus on secure, convenient and locally powered payment solutions. Agrawalla said the partnership with HBL Microfinance Bank and Euronet would support the continued evolution of PayPak and contribute to the development of a stronger and more inclusive digital payments ecosystem. Euronet to Provide Processing Technology Kashif Gaya, CEO of Euronet, said the company would support the initiative as card processor and technology partner. Euronet will provide its card-processing capabilities and payments expertise for the program, alongside implementation support. Gaya welcomed the partnership with HBL Microfinance Bank and 1LINK and congratulated HBL Microfinance Bank on becoming PayPak’s inaugural credit card partner. Partnership Combines Banking Reach and Domestic Payment Infrastructure The agreement brings together the respective capabilities of the three organizations. HBL Microfinance Bank will contribute its reach within the microfinance sector and customer proposition, 1LINK will provide the domestic PayPak payment network, and Euronet will provide the technology and processing infrastructure. The partnership is expected to introduce a locally powered credit card proposition to Pakistan’s microfinance market while expanding the range of payment and credit solutions available to customers. The initiative also represents an expansion of PayPak’s role within Pakistan’s payments landscape, with the domestic payment scheme moving into credit card services through its inaugural partnership with HBL Microfinance Bank.

Business

Umar Ahsan Khan Elected President OICCI; Managing Committee for 2026–28 Announced

Web Desk / September 29, 2026

KARACHI, September 29, 2026: Umar Ahsan Khan, CEO and Managing Director of Dawlance (Private) Limited, has been elected President of the Overseas Investors Chamber of Commerce and Industry (OICCI). The election result was announced during the Chamber’s Extra-Ordinary General Meeting held on Tuesday, with a new Managing Committee also announced for the 2026-28 term. New OICCI Leadership Announced Ahmed Zahid Zaheer, Country Chairman and General Manager of Chevron Lubricants Pakistan (Private) Limited, was elected Senior Vice President, while Dr. Syed Amir Ali, President and CEO of Meezan Bank Limited, was elected Vice President. Umar Ahsan Khan succeeds Yousaf Hussain, who served as OICCI President during the 2024-26 term. Outgoing President Highlights Need for Growth Yousaf Hussain welcomed the progress made toward economic stability but stressed that stabilisation alone would not be sufficient. He said the gains achieved on the economic front now needed to translate into stronger growth, supported by increased investment, exports, productivity and job creation. Umar Ahsan Khan Calls for Evidence-Based Advocacy Speaking after his election, Umar Ahsan Khan said OICCI’s advocacy during his tenure would remain constructive, credible and evidence-based. He said the Chamber should not only identify areas requiring policy changes but should also put forward practical solutions and work with the government and other stakeholders to implement them wherever possible. Khan also highlighted the challenges facing foreign investment in Pakistan. He noted that foreign direct investment declined 34 percent to USD 1.65 billion during the last financial year. According to Khan, macroeconomic stabilisation can help put a country on an investor’s shortlist, but the broader investment environment ultimately determines whether investors commit capital. OICCI to Strengthen Government and Institutional Engagement During the 2026-28 term, the new Managing Committee plans to deepen engagement with government authorities, regulators and international institutions. The Chamber will also strengthen its data-driven research and continue its work through platforms focused on climate, diversity and inclusion, technology and artificial intelligence. Managing Committee 2026-28 The OICCI Managing Committee for the 2026-28 term comprises: The new leadership will take forward OICCI’s engagement with policymakers and stakeholders while focusing on investment, business conditions, research and issues affecting international investors in Pakistan.

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Ittefaq Iron Books Second Straight Year of Losses

Web Desk / September 29, 2026

Lahore-based steel roller Ittefaq Iron Industries Limited reported a smaller full-year loss for the year ended June 30, 2026, but remained in the red for a second consecutive year. The company’s board, which met on September 29, recommended that no cash dividend, bonus shares or rights issue be declared for FY26. Sales Slip as Gross Loss Narrows Ittefaq Iron’s net revenue declined to Rs2.40 billion from Rs2.65 billion a year earlier, representing a decrease of around 9 percent. However, the company managed to reduce its cost of sales more sharply, falling to Rs2.50 billion from Rs3.11 billion. As a result, the gross loss narrowed substantially to Rs96.9 million from Rs459.3 million in the previous year. Despite the improvement, the company continued to sell its products below cost. Other operating income also declined, falling to Rs11.7 million from Rs21.3 million. Lower Finance Costs Limit Loss Finance costs declined to Rs53.7 million from Rs88.6 million, providing some relief to the company’s bottom line. However, administrative expenses edged higher to Rs113.4 million, while other operating costs increased sharply to Rs12.1 million from Rs3.6 million. The combined impact of these expenses kept the company in a loss position, although the deficit was significantly lower than the previous year. Loss Before Tax Falls 54 Percent Ittefaq Iron’s loss before tax narrowed to Rs321.3 million from Rs699.8 million in FY25. After accounting for levies and a small tax charge, the company reported a net loss of Rs322.0 million for FY26, compared with a net loss of Rs658.0 million a year earlier. Loss per share improved to Rs2.23 from Rs4.56. Balance Sheet Faces Working Capital Pressure The company’s shareholders’ equity declined to Rs3.17 billion from Rs3.50 billion. Unappropriated profit of Rs30.0 million at the end of the previous year turned into an accumulated loss of Rs259.8 million. Inventory also increased, with stock-in-trade rising to Rs1.16 billion from Rs869.3 million. Meanwhile, trade and other payables surged to Rs698.7 million from Rs207.9 million. Cash Position Weakens Ittefaq Iron’s cash and bank balances fell by around half to Rs30.5 million. Short-term borrowings remained elevated at Rs1.03 billion, highlighting continued pressure on the company’s working capital position. Despite the weaker cash position, operating cash flow remained positive at Rs65.3 million, although it was below the Rs81.1 million recorded a year earlier. The company also used cash during the year to repay long-term loans. Board Withholds Dividend and Other Payouts The board recommended no cash dividend, bonus shares or rights issue for FY26. No entitlement date was set, and the company’s share-transfer books will not close for any distribution. Steel Sector Continues to Face Challenges Ittefaq Iron manufactures deformed bars, girders, beams and billets at its Kasur mill. The company’s FY26 results reflect the continuing challenges facing Pakistan’s long-steel sector, including weak sales volumes and tight working capital. Although Ittefaq Iron substantially reduced its annual loss, the company remained loss-making for a second consecutive year, with higher inventory, elevated short-term borrowings and lower cash balances continuing to weigh on its financial position.

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Nishat Chunian Power Posts Full-Year Gross Profit Drop Despite Quarterly Recovery

Web Desk / September 29, 2026

Nishat Chunian Power Limited closed FY26 with gross profit of Rs1.47 billion, down 32 percent from Rs2.16 billion a year earlier. Higher sales failed to protect margins as costs rose faster than revenue across the year. The decline came even as net sales climbed 69 percent to Rs9.43 billion. Cost of sales more than doubled, wiping out the benefit of stronger dispatch and leaving the power business with thinner earnings before associate income. Quarterly Sales Surge Lifts Gross Profit In the fourth quarter, net sales reached Rs4.95 billion, roughly triple the same period last year and more than double the preceding quarter. Higher plant utilization drove the jump. Gross profit in the quarter rose to Rs450 million from Rs55 million a year earlier. The sequential gain was 54 percent. Lower comparative base and better load factor both played a part, though administrative expenses also increased. Associate Income Powers The Profit Swing Profit after tax for the quarter stood at Rs900 million, against a small loss in the same period last year. Earnings per share came in at Rs2.4. The main support was a Rs910 million share of profit from NexGen Auto, more than double the previous quarter, helped by higher vehicle sales. Absence of last year’s CPPA-G adjustments also removed a large drag that had pushed the company into a full-year loss in FY25. For the full year, profit after tax reached Rs2.48 billion, or Rs6.75 per share, compared with a loss of Rs3.38 billion previously. Finance costs stayed modest. Cash Dividend Of Rs1 Per Share The board announced a final cash dividend of Rs1 per share for the quarter. That takes the full-year payout to Rs2.5 per share, down from Rs7 a year earlier. The result shows earnings now lean heavily on the auto associate. Core power margins remain under pressure even as quarterly volumes recover.

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Trade Development Authority of Pakistan (TDAP) Marks Record Participation at Saudi Food Show 2026

Press Release / September 28, 2026

JEDDAH, SAUDI ARABIA — The Trade Development Authority of Pakistan (TDAP) has marked its largest-ever participation at the Saudi Food Show 2026, the world’s leading food and beverage trade exhibition, with the grand inauguration of the Pakistan Pavilion at the Jeddah Superdome. This year, TDAP is facilitating an unprecedented delegation of 30 Pakistani companies spanning key sectors, including Rice, Pulses & Grains, World Food, Beverages, Meat & Poultry, Flavors and Packaging Machinary. Demonstrating Pakistan’s strong agri-food footprint, 14 major companies from the rice sector alone are participating under the TDAP banner, reinforcing the country’s expanding presence in the global marketplace. On the opening day of the exhibition, Syed Mustafa Rabbani, Consul General of Pakistan in Jeddah, alongside Dr. Shagufta Zareen, Minister Technical / Commercial Section, Embassy of Pakistan, Kingdom of Saudi Arabia, and the Trade Counsellor in Jeddah, toured the Pakistan Pavilion.“Pakistan’s largest-ever participation at the Saudi Food Show is a strong reflection of our commitment to economic diplomacy and export-led growth,” said Consul General Syed Mustafa Rabbani during his address at the event. As part of the opening proceedings, Trade & Investment Counsellor Dr. Shagufta Zareen briefed the visiting dignitaries on stall locations, strategic country branding initiatives, pavilion architecture, media outreach, and the upcoming B2B matching sessions organized at the Consulate General of Pakistan. Expanding the scope of participation beyond the exhibition floor, TDAP has composed an official trade delegation comprising 13 rice and meat export exporters. To facilitate maximum trade conversion, an executive networking lounge has been established within the pavilion for dedicated business-to-business (B2B) consultations. Additionally, the Commercial Section has invited high-profile Saudi buyers across the Rice, Pulses & Grains, Processed Food, Beverages, Salt, and Meat & Poultry sectors to engage directly with Pakistani exhibitors and delegates through targeted B2B sessions and an official networking dinner.

Business

BYD-MMC Reaches 10,000-Vehicle Milestone In Pakistan

Web Desk / September 26, 2026

BYD-Mega Motor Company (MMC), the official partner of Chinese new energy vehicle maker BYD in Pakistan, has crossed the 10,000-vehicle milestone, marking a significant step in the company’s expansion in Pakistan’s growing new energy vehicle (NEV) market. The milestone comes as BYD continues to expand its vehicle lineup and prepare for local assembly, with plans for a dedicated NEV facility in Gharo, Sindh. BYD Expands Local Vehicle Lineup BYD entered Pakistan with the Atto 3 and Seal before expanding its local portfolio to five models. The current lineup includes the Atto 2, Sealion 7 and Shark 6, which is positioned as Pakistan’s first plug-in hybrid pickup. The expanded portfolio provides consumers with options across SUV, sedan and pickup segments. The Atto 2 has emerged as a key model in the local electric vehicle market, while the broader lineup reflects BYD-MMC’s efforts to establish a presence across multiple vehicle categories. 10,000-Vehicle Milestone Marks Market Expansion MMC CEO Aly Khan said the achievement of 10,000 vehicles reflects progress in developing the infrastructure, capabilities and market presence needed to support new energy mobility in Pakistan. The milestone highlights the company’s growing footprint as demand for electric and new energy vehicles develops in the country. BYD’s expansion also comes as Pakistan’s automotive market sees increasing interest from Chinese vehicle manufacturers, particularly in the electric and hybrid vehicle segments. BYD Plans $150 Million Assembly Plant BYD Vice President and General Manager of Asia Pacific Auto Sales Division Liu Xueliang said Pakistan had quickly become an important market in the company’s global expansion. He also said consumer confidence in the BYD brand had contributed to its growth in Pakistan. As part of its longer-term plans, the company is preparing to establish a dedicated NEV assembly facility in Gharo, Sindh, with an investment of around $150 million. Gharo Plant Expected to Produce 25,000 Vehicles The planned assembly plant is expected to have an annual production capacity of approximately 25,000 vehicles once operational. The facility would shift a greater portion of BYD-MMC’s operations towards local assembly and could support the company’s expansion in Pakistan’s NEV market. Local production could also help reduce reliance on fully built-up vehicle imports as the company develops its manufacturing footprint in the country. Local Assembly Could Support NEV Supply Chain The planned facility could contribute to greater localisation, technology transfer and development of Pakistan’s domestic NEV supply chain. The investment comes as several Chinese vehicle manufacturers expand their presence in Pakistan and explore or establish local assembly operations. Greater local production could create opportunities for supporting industries, technical skills development and employment while helping build capabilities around electric and new energy vehicle technologies. Chinese EV Investment Expands in Pakistan Pakistan has been seeking greater investment in the automotive sector, particularly in technologies associated with electric and new energy mobility. The government has said such investments can support technology transfer, employment, industrial development and potential export opportunities. For BYD-MMC, the 10,000-vehicle milestone and planned Gharo assembly facility represent two stages of its strategy: expanding the brand’s market presence while moving towards local production.

Business

Nestlé Pakistan and UAF Strengthen Partnership to Advance Regenerative Agriculture and Sustainable Food Systems

Web Desk / September 25, 2026

FAISALABAD, September 25, 2026: Nestlé Pakistan and the University of Agriculture Faisalabad (UAF) have signed a Memorandum of Understanding (MoU) to strengthen collaboration in sustainable agriculture, food science, nutrition, applied research, and workforce development. The collaboration supports Nestlé’s efforts to advance regenerative agriculture across its value chain as part of its global ambition to achieve net-zero greenhouse gas emissions by 2050. The MoU was signed during a visit by Jason Avanceña, CEO and Managing Director, Nestlé Pakistan, and the company’s senior leadership to UAF. The occasion also formalized the establishment of the Nestlé Learning Resource Center (NLRC) at the National Institute of Food Science and Technology (NIFSAT), UAF.Speaking on the occasion, Jason Avanceña, CEO and MD, Nestlé Pakistan, said, “Through the Nestlé Learning Resource Center and our continued partnership with UAF, we aim to create opportunities for knowledge sharing, research collaboration, and leadership development. It further strengthens our work in regenerative agriculture, and food science, and enables creating shared value by bringing together knowledge, industry expertise and young talent.” Prof. Dr. Zulfiqar Ali, Vice Chancellor, University of Agriculture Faisalabad, said, “Strong industry-academia linkages are essential to translating research into solutions that address real-world challenges. Our partnership with Nestlé Pakistan will provide greater opportunities for our students and researchers to gain practical exposure while jointly exploring solutions for more resilient and sustainable food systems in Pakistan.” Highlighting the sustainability focus of the partnership, Sheikh Waqar Ahmad, Head of Corporate Affairs & Sustainability, Nestlé Pakistan, said, “Regenerative agriculture is an important part of Nestlé’s journey towards net zero, biodiversity and climate resilience. Our focus is on protecting and restoring natural resources, while strengthening the resilience of farming communities.” Nestlé Pakistan continues to advance regenerative agriculture by working with farmers to improve soil health, water efficiency, biodiversity and climate resilience. To date, regenerative agriculture practices have been introduced across more than 125 maize, alfalfa, oats, sorghum and wheat farms in Punjab, supporting more resilient farming systems and creating long-term value for farmers, communities and the environment. The initiative is aligned with Nestlé Pakistan’s commitment to the UN SDGs, particularly SDG 13 – Climate Action, SDG 15 – Life on Land, and SDG 17 – Partnerships for the Goals.

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UAE’s Velora Global Ventures Secures CCP Approval to Buy Chinese Shareholders’ Stake in Masood Textile

Web Desk / September 24, 2026

The Competition Commission of Pakistan (CCP) has approved the acquisition of a shareholding in Masood Textile Mills Limited by UAE-based Velora Global Ventures-F.Z.C., following a Phase-I competition assessment under the Competition Act, 2010. The transaction involves the purchase of shares from two Chinese companies, Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited, under a Share Purchase Agreement. UAE-Based Velora Global Ventures Enters Masood Textile Mills Velora Global Ventures-F.Z.C. is incorporated and registered with the Ajman Free Zone Authority in the United Arab Emirates. The company is engaged in wholesale trading of textiles and clothing as well as commercial brokerage activities outside Pakistan. Its associated companies, Gulf Textile Sourcing F.Z.C. and Zara Textile Trading F.Z.C., operate in international textile sourcing and trading, customer development and order coordination. Masood Textile Mills is a publicly listed Pakistani company involved in the manufacture and sale of cotton and synthetic fibre yarn, knitted and dyed fabrics, and garments. CCP Reviews Competition Impact As part of its Phase-I assessment, the CCP examined whether the proposed acquisition could substantially lessen competition or create or strengthen a dominant position in the relevant markets. The Commission found that Velora Global Ventures had no pre-merger market presence in Pakistan. Based on the assessment, the acquisition is not expected to materially alter Masood Textile Mills’ output, domestic sales or existing market position. Vertical Relationship Also Assessed The CCP also reviewed a potential vertical relationship between Velora Global Ventures’ international textile trading activities and Masood Textile Mills’ manufacturing operations. The Commission found that the nature and scope of the respective businesses did not indicate competition concerns arising from the relationship. The assessment also determined that the transaction would not create entry barriers or significantly increase the acquirer’s market power. Transaction Approved Under Competition Act Following its Phase-I review, the CCP authorized the transaction under Section 31(1)(d)(i) of the Competition Act, 2010. The approval allows the acquisition to proceed from a competition-law perspective, subject to any other applicable regulatory or legal requirements. The CCP said its merger-control framework is intended to provide timely and transparent review of mergers and acquisitions while ensuring that transactions do not adversely affect competition. The Commission also highlighted the role of effective merger review in providing regulatory certainty, supporting foreign direct investment and business expansion, and protecting competitive markets and consumer interests in Pakistan.

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Nishat Mills Exits Joint Venture of Dairy With Turkish Partner

Web Desk / September 23, 2026

Shareholders of Nishat Mills Limited have approved the sale of the company’s entire stake in its dairy joint venture, formally clearing the shareholder approval required for the proposed exit. The decision was taken at an extraordinary general meeting held on Wednesday, 23 September 2026, at Emporium Mall in Lahore. The resolution follows the board’s earlier decision in August to dispose of the company’s investment in Nishat Sutas Dairy Limited. What The Resolution Covers Nishat Mills will sell 409,673,410 ordinary shares in Nishat Sutas Dairy Limited, representing approximately 49.10% of the associated company’s issued and paid-up capital. The buyer is Sütaş Süt Ürünleri A.Ş., the Turkish dairy group that is already the other major partner in the joint venture. The agreed price is Rs5 per share, putting the total consideration at Rs2,048,367,050, or approximately Rs2.05 billion. The transaction will transfer Nishat Mills’ entire holding in the dairy business to its Turkish partner. Why The Company Is Stepping Back Nishat Sutas Dairy was established as a Pakistan-Türkiye partnership focused on processing and selling milk and dairy products. The investment, however, has faced challenging market and regulatory conditions in Pakistan’s dairy sector. Nishat Mills’ board had previously indicated that these conditions had affected the investment and contributed to pressure on its financial performance. An exit allows Nishat Mills to recover value from its investment while reducing its exposure to potential future losses associated with the dairy business. Sütaş has expressed its willingness to acquire the shares, allowing the dairy operation to continue under the remaining partner’s ownership. Conditions Still Standing The shareholder approval does not immediately complete the transaction. The proposed sale remains subject to all required regulatory approvals and other applicable conditions. Nishat Mills’ chief executive and company secretary have been authorized to act jointly or separately to execute the share sale agreement and related documents. They may also complete the required statutory filings with the registrar of companies and other relevant authorities. Until the necessary approvals, documentation and share transfer procedures are completed, Nishat Mills will continue to hold the shares. What It Means For The Group The disposal marks a move away from a non-core investment for Nishat Mills, whose principal operations are centered on textiles and related businesses. The approximately Rs2.05 billion consideration provides the group with additional liquidity, although the amount remains relatively modest compared with the overall scale of Nishat Mills. More importantly, the exit removes the company’s exposure to the dairy joint venture and any future capital or operating requirements associated with the investment. The transaction will ultimately depend on the completion of regulatory approvals and transfer formalities. Once completed, Sütaş will take full control of the stake currently held by Nishat Mills.

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