Siemens Pakistan exits motor repairs business

MG News | September 19, 2025 at 09:27 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

September 19, 2025 (MLN): The Board of Directors of Siemens (Pakistan) Engineering Co. Ltd. (PSX: SIEM) has chosen to exit its Motor Repairs Business.

The decision, made at a board meeting in Karachi on September 18, 2025, is aligned with a strategic portfolio realignment by its parent company.

In a notice to the Pakistan Stock Exchange, the company conveyed that the change does not constitute a "material impact" on its overall business operations.

The company also specified that the Motor Repairs Business does not fall under the legal definition of an "undertaking" or "sizeable part" of the company, per Section 183(3) of the Companies Act, 2017.

This action is part of a broader strategy by Siemens Pakistan to sharpen its focus on its core business areas. This move follows its earlier divestment of its energy business.

The company's operations are now centred on its core portfolios of Smart Infrastructure and Digital Industries.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	170,511.86 278.75M	0.98% 1646.82
ALLSHR	103,203.80 682.99M	0.89% 908.76
KSE30	50,839.23 100.13M	1.18% 592.12
KMI30	243,245.60 147.66M	1.61% 3852.07
KMIALLSHR	66,892.15 407.33M	1.15% 757.54
BKTi	47,509.55 28.38M	0.77% 361.93
OGTi	34,789.19 8.38M	1.60% 547.02

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,535.00	77,640.00 76,425.00	105.00 0.14%
BRENT CRUDE	104.32	0.00 0.00	-0.29 -0.28%
RICHARDS BAY COAL MONTHLY	130.00	0.00 0.00	1.70 1.33%
ROTTERDAM COAL MONTHLY	140.00	0.00 0.00	-0.75 -0.53%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	99.99	0.00 0.00	-0.06 -0.06%
SUGAR #11 WORLD	18.15	18.84 17.93	-0.58 -3.10%