PEL begins transformer exports to the USA
The first consignment of transformers was shipped from Pakistan on 13 March 2025.
Image for illustration purposes
Pakistan / USA: Pak Elektron Limited (PEL) has officially started exporting transformers to the United States, marking a significant achievement for the company. The announcement was made in a filing at the Pakistan Stock Exchange (PSX) on 17 March.
The first consignment of transformers has sailed from Pakistan on 13 March, the company stated. This marks a significant milestone in PEL’s business expansion strategy and reflects their commitment to exploring new international markets.
“We remain dedicated to enhancing our global footprint and delivering high-quality products to our customers worldwide,” Pak Elektron said in its notice.
After the announcement, PEL’s stock jumped 6.73 %, gaining $0.03 (Rs2.87) to reach $0.53 (Rs45.49) as of 11:24 AM on 17 March 2025. The surge highlights investor confidence in PEL’s expansion into the U.S. market, indicating potential growth opportunities and a broader global presence.
Pak Elektron Limited, incorporated on 3 March 1956, mainly manufactures and sells electrical capital products and domestic appliances. The company is organized in two divisions – Power and Appliances.
Source: Profit (Pakistan Today)
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