November 11, 2025 (MLN): The Board of Directors of Pace (Pakistan) Limited (PSX: PACE) approved the purchase of a plot in Dubai, U.A.E for the development of a commercial project. The management is actively looking for a development partner to move forward with the initiative.

Further, the Board also approved the incorporation of a subsidiary of the company in Dubai, U.A.E, marking a strategic expansion of Pace’s business footprint in the region.

The Chief Executive received authorization to take the necessary steps and complete all formalities related to the above business plan. Moreover, the Chief Executive may further delegate her powers as deemed appropriate to facilitate execution.

This decision shows Pace Pakistan’s intent to diversify operations internationally and strengthen its presence in the Middle East property market, with Dubai serving as a key commercial hub for future growth opportunities.