Lahore: The Board of Directors of Media Times Limited convened on July 22, 2025, to discuss and approve several strategic initiatives aimed at reshaping the company's investment and business portfolio. The meeting, held in Lahore, resulted in significant decisions subject to necessary corporate, legal, and regulatory approvals.

The Board has empowered the company's CEO and any one of its Directors to execute equity investments in the share capital of Pace Barka Properties Limited. This investment authorization amounts to 1.00 billion, aligning with the provisions outlined in section 199 of the Companies Act, 2017. This move signifies a very large or significant move in the company's investment strategy.

In a parallel development, the Board has also sanctioned the sale of Media Times Limited's Print and Social Media business to Pace (Pakistan) Limited. The sale has been valued at 860.00 million. This step is part of the company's broader strategy to streamline its operations and focus on core areas of growth.

Additionally, the Board has authorized the company's CEO and Company Secretary to convene an Extraordinary General Meeting. This meeting will address shareholders and determine the book closure dates.

According to information available from the Pakistan Stock Exchange (PSX), these decisions come amidst a landscape of strategic recalibrations within the designated market category, which includes media and real estate sectors.

The Board's resolutions will be communicated to the TRE Certificate Holders of the Exchange, marking a big move in the company's ongoing transformation efforts.