Pace (Pakistan) Limited has announced plans to expand its footprint internationally with the purchase of a plot in Dubai, UAE, for the development of a commercial project.
The company’s Board of Directors has also approved the incorporation of a new subsidiary in Dubai to oversee this venture.
According to a notice sent to the Pakistan Stock Exchange (PSX), the management is actively seeking a development partner for the Dubai project.
The Board has authorized the Chief Executive to take all necessary steps and complete formalities for the business plan, including the delegation of powers as deemed appropriate.
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