Bestway Cement Limited (BCL) has announced its plans to establish a wholly owned subsidiary to enter Pakistan’s automobile sector.       The cement maker disclosed this development through a notice sent to the Pakistan Stock Exchange (PSX) on Monday. The board decided to invest up to Rs 4 billion in equity and extend a shareholder loan of up to Rs 6 billion to the new subsidiary. The move marks BCL’s diversification into the automobile sector, aiming to leverage growth opportunities beyond its core cement business while remaining committed to delivering shareholder value.Bestway Cement Limited is a public limited company incorporated in Pakistan on 22 December 1993 under the Companies Ordinance, 1984 (repealed with the enactment of the Companies Act, 2017, on 30 May 2017). The company is principally engaged in the production and sale of cement. It is a subsidiary of Bestway International Holdings Limited (BIHL), which holds 56.43% of the company’s shares. Bestway International Holdings Limited is a wholly owned subsidiary of Bestway Group Limited (BGL), the ultimate parent company. Both BIHL and BGL are incorporated in Guernsey. (ICE ISLAMABAD)

Fonte notizia: profit pakistan today