ISLAMABAD: Bestway Cement Limited, one of Pakistan’s largest cement manufacturers, has announced plans to step into the country’s automobile sector by setting up a new company with an initial investment commitment of Rs10 billion.
According to media reports, the development was shared through a notice to the Pakistan Stock Exchange (PSX).
According to the notice, the Board of Directors approved the incorporation of a wholly owned subsidiary as a private limited company to operate in the automobile industry.
“To fund the new company, the board has decided to invest equity of up to Rs4 billion, subject to shareholder approval under Section 199 of the Companies Act, 2017, and extend a shareholder loan of up to Rs6 billion,” the statement said.
Bestway Cement, established in 1993, is engaged in the manufacturing and sale of cement. It is a subsidiary of Bestway International Holdings Limited (BIHL), which owns 56.43% shares in the company. BIHL itself operates under Bestway Group Limited (BGL), the ultimate parent company.
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The move comes at a time when Pakistan’s auto sector is showing signs of recovery. Car sales surged by 62% year-on-year (YoY) and 27% month-on-month (MoM) in August 2025, driven by improved consumer confidence and better access to bank financing.
According to data from the Pakistan Automotive Manufacturers Association (PAMA), total car sales, including LCVs, vans, and jeeps, reached 14,050 units in August 2025, up from 8,699 units in the same month last year and 11,034 units in July 2025.
The PAMA report also highlighted a significant jump in truck sales, which rose 140% YoY to 596 units in August 2025, compared to 249 units during August 2024.
Industry analysts believe Bestway Cement’s entry into the automobile sector reflects growing investor confidence as the market continues to rebound.
