Karachi: Burj Clean Energy Modaraba, managed by Burj Investment Management Limited, has announced a proposal to significantly increase its authorized Modaraba Fund. The initiative, which was outlined in a public notice, awaits approval from the Securities and Exchange Commission of Pakistan (SECP).

On September 28, 2026, the Board of Directors of Burj Investment Management Limited passed a resolution to apply for an increase in the Modaraba Fund from Rs. 1.00 billion to Rs. 4.00 billion. This proposed change involves expanding the number of Modaraba Certificates from 100 million to 400 million, each valued at Rs. 10.

According to information available from the Pakistan Stock Exchange (PSX), the application for this increase is currently under review by the SECP. Stakeholders and certificate holders have been informed about the application process, and any objections must be submitted in writing within 14 days from the notice date.

The proposal represents a significant move as it involves a fourfold increase in the Modaraba's authorized fund, indicating a strategic expansion plan by Burj Clean Energy Modaraba. The notice underscores the importance of stakeholder feedback during the review period.