First National Equities enters infrastructure and real estate sectors with new subsidiary

First National Equities Limited (FNEL) has announced the commencement of operations for its wholly owned subsidiary, FNE Developments (Private) Limited, marking a strategic move into Pakistan's infrastructure and real estate development sectors, according to a filing at the Pakistan Stock Exchange (PSX) on Friday.

The subsidiary, established to manage large-scale projects, aims to collaborate with both public and private sector stakeholders to drive significant value in one of Pakistan’s largest and fastest-growing industries.

The launch of FNE Developments will diversify FNEL’s business portfolio, unlocking new growth opportunities and positioning the company as a key player in the real estate and infrastructure development sectors. 

This expansion aligns with FNEL’s long-term strategy to create value and contribute to Pakistan's economic growth.