Karachi: Intermarket Securities Limited has announced a significant financial maneuver following its Extraordinary General Meeting held on April 9, 2026. The company’s shareholders have approved a resolution that authorizes an equity investment up to PKR 300 million in its associated company, InterPay (Private) Limited, for developing FinTech-related projects.
According to the certified copy of the resolutions, the decision aligns with Section 199 of the Companies Act, 2017, and complies with the Companies (Investment in Associated Companies or Associated Undertakings) Regulations. The investment aims to enhance InterPay’s operational capacity and strengthen its market position through strategic development in the FinTech sector.
The authorized investment of PKR 300,000,000 will be executed in one or more tranches as determined by Intermarket Securities. This strategic move is designed to bolster InterPay’s capabilities and competitive edge in the growing FinTech market.
As stipulated in the resolution, the company’s Chief Executive Officer, Company Secretary, and Chief Financial Officer are granted joint and several authority to manage the investment process. This includes finalizing agreements, executing documents, and complying with legal and regulatory requirements.
According to information available from the Pakistan Stock Exchange (PSX), the decision by Intermarket Securities represents a strategic initiative that could impact its market standing and financial trajectory. The designated market category for this investment falls under significant corporate actions, with potential implications for stakeholders and the broader FinTech landscape.
This resolution underscores Intermarket Securities’ commitment to advancing its investment portfolio and responding to the dynamic demands of the financial technology sector.