Agribusiness firm listing draws investor interest

Pakistan Stock Exchange (PSX) on Friday marked the listing of Barkat Frisian Agro Limited at a gong ceremony, which came after the conclusion of the company's initial public offering (IPO) that was oversubscribed by 16.25 times, reflecting investor confidence in its vision and growth potential.

With the listing, Barkat Frisian Agro Ltd aims to expand operations, increase productivity and contribute to the development of Pakistan's poultry sector. "This milestone not only underscores the company's commitment to innovation and quality but also highlights the growing interest in agribusiness investment within Pakistan's capital market," said a statement.

PSX Chairperson Dr Shamshad Akhtar said, "I commend Adil (Founder & CEO of Barkat Frisian) for pioneering the pasteurized egg market and breaking new ground, crossing borders and paving the way for increased foreign exchange earnings for Pakistan. At PSX, we remain committed to broadening investor participation and making inroads into new sectors."

PSX MD & CEO Farrukh H Sabzwari highlighted, "We strongly believe in the power of young entrepreneurs to drive innovation, economic growth and market expansion. The listing of Barkat Frisian Agro Ltd is a testament to this vision as it is led by a dynamic young entrepreneur, who has set an example for others to follow."