Bestway Cement Limited (PSX: BWCL) will incorporate a wholly owned private limited subsidiary to undertake business and investments in Pakistan’s automobile sector, the company informed the Pakistan Stock Exchange.
In an emergent board meeting held on September 19, 2025, the board approved forming the new entity and proposed total funding of up to Rs. 10 billion, comprising equity of up to Rs. 4 billion and a shareholder loan of up to Rs. 6 billion, according to a notice signed by Company Secretary Hassan Niazi.
The investment is subject to shareholder approval under Section 199 of the Companies Act, 2017 and the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017.
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If the investment is in Electric Vehicles Assembly Unit instead of Gasoline and Diesel Vehicles then it’s a welcome sign.
If they intend to make EV batteries within the country, then its worthwhile.