First National Equities Limited’s (PSX: FNEL) subsidiary FNE Developments (Private) Limited has commenced operations.
In a notice to the Pakistan Stock Exchange (PSX), the firm said this strategic step marks FNEL’s formal entry, through its subsidiary, into Pakistan’s infrastructure and real estate development sectors.
The subsidiary has been established to undertake large-scale projects in collaboration with leading stakeholders across the public and private sectors, it added.
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This expansion will diversify FNEL’s business portfolio and also unlock new avenues of growth, positioning the company at the forefront of value creation in one of Pakistan’s largest sectors, the notice said.
