First National Equities Limited (FNEL) has announced the commencement of operations for its wholly owned subsidiary, FNE Developments (Private) Limited, marking a strategic move into Pakistan’s infrastructure and real estate development sectors, according to a filing at the Pakistan Stock Exchange (PSX) on Friday.
The subsidiary, established to manage large-scale projects, aims to collaborate with both public and private sector stakeholders to drive significant value in one of Pakistan’s largest and fastest-growing industries.
The launch of FNE Developments will diversify FNEL’s business portfolio, unlocking new growth opportunities and positioning the company as a key player in the real estate and infrastructure development sectors.
This expansion aligns with FNEL’s long-term strategy to create value and contribute to Pakistan’s economic growth.
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