Islamabad: Bestway Cement Limited announced a strategic move to expand its business portfolio by venturing into the automobile sector. The decision, revealed in an emergent board meeting held on September 19, 2025, marks a significant shift for the company traditionally known for its cement production.

During the meeting, the Board of Directors resolved to establish a wholly owned subsidiary as a private limited company. This new entity will focus on business and investment opportunities within Pakistan's automobile sector. The initiative aligns with Bestway Cement's broader strategy to diversify its investments and explore new growth avenues.

According to information available from the Pakistan Stock Exchange (PSX), the company plans to invest equity of up to PKR 4 billion in the new subsidiary. Additionally, Bestway Cement will extend a shareholder loan of up to PKR 6 billion in aggregate, subject to the approval of the company's shareholders under Section 199 of the Companies Act, 2017.

The company communicated that the proposed investments are contingent upon regulatory compliances and shareholder approvals, as per the Companies (Investment in Associated Companies or Associated Undertakings) Regulations, 2017.

Bestway Cement Limited's entry into the automobile sector reflects a growing trend among companies to diversify their operations and capitalize on emerging market opportunities. The company's commitment is reflected in the substantial financial resources allocated for this new venture, indicating confidence in the potential of the automobile industry within the national market.