SE Fruits IPO to Boost Pakistan's Fresh Produce Exports, Access Institutional Capital

Punjab-based SE Fruits and Vegetables is seeking to raise Rs1.9 billion via an IPO next month, becoming the first fresh produce company to list on the Pakistan Stock Exchange. The funds will primarily support working capital, advance payments to farmers, and credit sales, not debt repayment. CFO Rai Omar stated the listing aims to attract institutional capital for the undercapitalised sector and boost exports to target markets. The company targets a 7-10x revenue increase over five years, expecting Pakistan's horticulture exports to reach $1 billion within two years. This development signals growing investor confidence in Pakistan's agricultural sector and could contribute positively to the nation's export earnings, indirectly supporting the Rupee against the Dollar in the long term.

بحوالہ / Source: www.brecorder.com