January 06, 2026 (MLN): Intermarket Securities Limited (PSX: IMS) approved the
incorporation of a wholly owned subsidiary and a Rs150m investment in AFT Japan
Co., Ltd., subject to applicable regulatory approvals.
The newly proposed subsidiary, to be named AFT Pakistan
or any other available name, is planned to operate in the automobile trading
business through IT-enabled platforms.
The approved investment in AFT Japan Co., Ltd. will
be made through this subsidiary, in continuation of an earlier decision dated
September 02, 2025.
These approvals were granted at the company’s board meeting
held on January 05, 2026, according to the company’s filing on PSX
revealed today.
The company also clarified that the associated company’s
name was previously mentioned incorrectly as ATF Japan Co., Ltd., which
has been corrected to AFT Japan Co., Ltd.
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