Islamabad: Bestway Cement Limited (BCL) has revealed plans to enter Pakistan’s automobile sector by creating a wholly owned subsidiary. The announcement was made through a notice to the Pakistan Stock Exchange (PSX) on Monday, Profit reported.
Board Decision and Investment Plans
According to the notice, the company’s Board of Directors met on September 19, 2025, and approved the formation of a private limited subsidiary. The board agreed to invest up to Rs 4 billion in equity and a shareholder loan of up to Rs 6 billion, saying that Bestway Cement is planning to invest Rs 10 billion for the new venture.
The notice stated that:
“We wish to inform you that the Board of Directors of Bestway Cement Limited (the Company) in their meeting held on Friday, September 19, 2025, at 4:30 p.m. at the registered office Islamabad, has decided the following: To incorporate a wholly owned subsidiary as a private limited company to undertake business/investments in the automobile sector in Pakistan.”
The decision, however, still requires shareholder approval under Section 199 of the Companies Act, 2017. The company emphasized that the investments and loans would only proceed once shareholder approval is obtained.
Diversification Strategy
The step marks BCL’s diversification beyond cement manufacturing. The company stated that the move aims to explore growth opportunities in the automobile sector while continuing to focus on delivering value to its shareholders.
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