Key points
- Pakistan approves its 13th public offering of 2026
- More than 44 million investment units will be offered
ISLAMABAD: Pakistan’s securities regulator has approved a public offering of more than 44 million units in the Naya Nazimabad Apartment Real Estate Investment Trust, the country’s corporate watchdog said on Tuesday.
According to the Securities and Exchange Commission of Pakistan, it would be the 13th public offering approved in the country in 2026 and signalling continued expansion of capital-market fundraising.
The offering comprises 44.06 million units or shares, according to the SECP.
The Pakistan Stock Exchange had earlier disclosed that the proposed offering would have a face value of Rs 10 per unit and a floor price of Rs 18, with the units to be offered through the book-building process.
The offering gives investors exposure to a property-based investment structure through a listed real estate investment trust rather than direct ownership of individual apartments. The scheme has applied for listing on the main board of the Pakistan Stock Exchange, with Arif Habib Limited acting as lead manager for the offering.
The latest approval comes amid efforts by Pakistan’s financial authorities to broaden the range of investment products available through organised capital markets and provide businesses with alternatives to conventional bank financing.
Securities and Exchange Commission Chairman Dr Kabir Ahmed Sidhu said the rising number of public offerings reflected a growing trend of businesses seeking capital through the country’s capital markets.
“A stable capital market is essential for providing long-term financing to businesses,” Sidhu said, according to the regulator.
He said the commission was also taking further measures to reduce the time and cost involved in raising capital through the capital market.
READ ALSO: Pakistan’s Initial Public Offerings Raise Over $70m
The development is significant for Pakistan’s financial system because deeper capital markets can help diversify corporate funding away from bank lending, broaden investor participation and channel domestic savings into productive assets.
Pakistan to expand investor base
The securities regulator has separately set an ambitious target of expanding Pakistan’s investor base to 2.5 million through digital onboarding, financial literacy and other reforms.
The Naya Nazimabad offering also illustrates the growing use of listed property investment structures to bring real estate assets into the formal capital market.
For investors, such structures can provide access to property-linked investments through tradable securities rather than requiring the purchase and management of physical property.
The approval therefore adds another property-linked instrument to Pakistan’s developing capital-market landscape, as regulators seek to increase fundraising activity, widen investment choices and deepen the market.
