Karachi: Attock Cement Pakistan Limited (ACPL) is under a strategic review by its parent company, Pharaon Investment Group Limited (PIGL), which may result in the sale of its investment in the cement business in Pakistan. This development follows a communication from PIGL in response to a letter from the Pakistan Stock Exchange (PSX) dated May 23, 2025, which sought material information initially disclosed on December 18, 2024.

The initial disclosure, made through the Pakistan Unified Corporate Action Reporting System (PUCARS), indicated PIGL's intention to reassess its long-term strategic options in its Pakistani cement operations. The latest correspondence from PIGL, received by ACPL, provides an update on the ongoing evaluation process.

According to information available from the Pakistan Stock Exchange (PSX), ACPL remains committed to fulfilling all regulatory obligations and has assured stakeholders of continued transparency and full disclosure. The company emphasized its dedication to keeping the Exchange informed of any further significant developments that may arise from the holding company's strategic decision-making process.

The cement sector in Pakistan is closely monitored by market participants, given its substantial role in the construction industry and its impact on economic activities. As ACPL navigates this period of strategic review, the company has reiterated its focus on regulatory compliance and stakeholder communication.