International Industries Limited (PSX: INIL) is planning to enter Pakistan’s mining and exploration sector through a proposed joint venture, marking a strategic move beyond its core steel and polymer pipe business. The company plans phased investments of up to Rs. 500 million per partner under the initiative.
In a notice submitted to the Pakistan Stock Exchange, the company said the proposed venture would operate through a consortium structure with activities focused mainly on opportunities in Balochistan and Khyber Pakhtunkhwa. Operations will be managed through a dedicated joint venture company.
The company said the planned expansion is aimed at diversifying its business portfolio and creating new revenue streams. INIL added that it is actively reviewing additional ventures, products, and market opportunities as it seeks to strengthen both domestic and export operations.
According to the disclosure, each participant in the proposed arrangement will inject up to Rs. 500 million in equity over multiple phases. The company noted that the venture company would qualify as an associated company under the provisions of the Companies Act.
To proceed with the proposal, the board of directors has called an Extraordinary General Meeting on June 18, 2026. Shareholders will be asked to approve the investment through special resolutions under Section 199 of the Companies Act, 2017 and relevant investment regulations.
International Industries is Pakistan’s leading manufacturer and exporter of steel and polymer pipes.
The company said it contributed more than Rs. 5.94 billion in taxes and duties during FY2025 and has received several recognitions, including Pakistan Stock Exchange Top 25 Companies honors, export awards from FPCCI, and the Employers Federation of Pakistan Employer of the Year Award 2025.
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