KARACHI: In a bid to further diversify their business, AKD Group of Companies is going to enter into the travel and tourism industry. For this purpose, the company has applied for all necessary approvals.
With this, the AKD Group will also increase the current authorized capital limit from Rs 500 million to Rs 1 billion for this new business venture.
In a notice to PSX, the AKD Securities said, “an extra ordinary general meeting (EOGM) to be called to approve alteration in Memorandum of Association of the company for the purposes of adoption of additional business activities to enable to establish travel and tourism business and take all necessary approvals for the purposes of the same.”
AKD group is already operating in key sectors of Pakistan’s economy, including financial services, infrastructure, manufacturing, telecom and natural resources.