First National Equities Limited (PSX: FNEL) said Friday that its subsidiary, FNE Developments (Private) Limited, has officially started operations.
The company reported the development in a disclosure to the Pakistan Stock Exchange, noting that the move represents its formal entry into Pakistan’s infrastructure and real estate sectors.
According to FNEL, the subsidiary has been created to pursue large-scale projects in partnership with both public and private stakeholders.
The company said the expansion will broaden its business portfolio while opening new growth opportunities, particularly in one of Pakistan’s largest industries.
FNEL added that further updates on the subsidiary’s activities will be provided as progress continues.
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