By
Bloomberg
Revealed
March 2, 2025
Pakistan trend model Picture plans to launch an actual property funding belief subsequent month for 2 of its properties in Karachi.
Picture
Picture intends to supply 92 million shares at 10 Pakistani rupees under their internet asset worth within the deliberate REIT subject, Topline Securities Chief Government Officer Mohammed Sohail stated on Saturday in a textual content message. The providing will present traders with substantial potential for good points, in line with Sohail.
Topline Securities and Progress Securities are joint advisers for the transaction.
The providing comes as actual property costs rise in Karachi after years of stagnation, in line with Pakistan’s largest on-line actual property portal Zameen.com. The nation’s economic system has been bolstered by a $7 billion mortgage cope with the Worldwide Financial Fund.
Picture is a textile producer and trend model with about 14 shops in Pakistan, and has a web based presence in a number of nations together with the US and the UAE.
The REIT will probably be separate from the listed entity Picture Pakistan Ltd.
