Lahore March 17 2025: Pak Elektron Limited (PAEL) commenced exports to the United States this month as US sanctions tariffs on China, Mexico and Canada, as stated in the company’s filing to the exchange.
Share price of the company surge PKR 1.63 or 3.82 percent in todays trading session at Pakistan Stock Exchange.
“We are pleased to inform you that PEL has successfully commenced its export operations to the United States of America. The first consignment of transformers has sailed from Pakistan on March 13th, 2025” the document states.
This marks a significant milestone in our business expansion strategy and reflects our commitment to exploring new international markets. We remain dedicated to enhancing our global footprint and delivering high-quality products to our customers worldwide.
Pak Elektron Ltd. was incorporated in Pakistan on March 3, 1956 as a public limited company under the Companies Act 1913 (now Companies Act 2017). The principal activity of the company is manufacturing and sale of electrical capital goods and domestic appliances. The company is organized in two divisions – Power and Appliances.
