Quantum Data Technologies enters new line of business
MG News | March 11, 2026 at 01:21 PM GMT+05:00
March 11, 2026 (MLN): Quantum Data Technologies
Limited (PSX: QTECH) has successfully launched a new line of business in
Information Technology and Allied Services, a pivotal shift in the company's
strategic direction.
The move follows shareholder approval and clearance from
relevant regulatory authorities to change the company's principal line of
business, along with a formal name change.
Management believes the expansion positions the company to
capitalize on opportunities in the rapidly growing IT sector, with expectations
of stronger growth, improved profitability, and long-term sustainability.
The company has submitted an Auditors' Certificate to the
Pakistan Stock Exchange confirming the commencement of commercial operations
under the new business line.
Company leadership expressed confidence that the strategic
transformation will open new avenues of growth, also extending gratitude to
shareholders for their patience and continued support throughout the regulatory
and operational transition process.
The aforementioned information was disseminated
through a notification to Exchange.
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