The company informed the Pakistan Stock Exchange, Bestway Cement Limited (PSX: BWCL) will include a private limited subsidiary in full ownership for business and investment in Pakistan’s automobile sector.
In an emergency meeting of the board on September 19, 2025, the board approved the formation of a new entity and proposed a total fund. 10 billion, which includes equity. 4 billion and a loan of a shareholder. According to a notice signed by the company’s secretary Hassan Niazi, 6 billion.
The Companies Act, 2017 and the regulations of companies (investing in Associated companies or associate -intexts), are subject to the approval of the shareholders under Section 199 of 2017.