Karachi: The Board of Directors of Intermarket Securities Limited has approved a Memorandum of Understanding with Biowaste Energy Ventures (Private) Limited to advance Environmental, Social and Governance initiatives, as announced on July 15, 2026. The collaboration aligns with the Securities and Exchange Commission of Pakistan's ESG Disclosure Guidelines and the Company's own ESG strategy.

According to information available from the Pakistan Stock Exchange (PSX), the agreement focuses on developing infrastructure for waste collection and processing, targeting livestock and agricultural by-products. This initiative aims to transform waste into clean energy and organic products, reflecting a commitment to environmental sustainability and enhancing the Company's ESG objectives.

The Memorandum of Understanding outlines a cooperative framework but stops short of establishing a binding commercial partnership such as an acquisition or joint venture. Intermarket Securities Limited will continue to assess potential opportunities that emerge from this collaboration, with further updates to be provided in accordance with regulatory requirements in the designated market category.