The company clarified that this is not a
divestment, and that full control of Pakistan
Services Limited remains with the Hashoo Group
Business Reporter
Karachi: Pakistan Services Limited, owner and operator of Pearl-Continental Hotels & Resorts, has announced a strategic development concerning its shareholding structure, following disclosures on the Pakistan Stock Exchange (PSX).
According to an official statement, Hashoo Group has entered into a strategic financing arrangement with Mr. Dawood Jan Muhammad and AKD Group. The transaction marks the initial phase of consolidating and streamlining Hashoo Group’s shareholding in Pakistan Services Limited.
The company clarified that this is not a divestment, and that full control of Pakistan Services Limited remains with the Hashoo Group and the Hashwani Family.
“This transaction is a significant milestone for the future growth and strategic positioning of Pakistan Services Limited,” the statement noted. The initiative aims to optimize the group’s structure, improve resource allocation, and enhance operational efficiency to bolster the company’s presence in Pakistan’s hospitality sector.
Pakistan Services Limited emphasized that the development will not affect its strategic direction, board, management, employees, or daily operations. Pearl-Continental Hotels & Resorts will continue its commitment to delivering exceptional service.
The company reaffirmed its dedication to transparent communication and long-term growth in Pakistan’s hospitality and tourism sectors.
