SRVI targets $100m in exports by 2025 after Rs. 30 Billion investment

In a notification sent to PSX on 13/05/2024, Service Industries Limited (SRVI) has announced that PM Shehbaz Sharif pledges continued government support for export growth.

Chairman Jin Yongsheng and CEO Omar Saeed called on PM Shehbaz Sharif to thank him for the government’s support to the tyre industry. Service Long March (SLM)Tyres has committed a further investment of Rs 30b to double its capacity and to increase exports to $100m in 2025. Service Long March Tyres has also shown an intent to invest a further amount of Rs 30b to start a new project exporting specialised tyres from Pakistan to EU and USA. PM Shehbaz Sharif promised continued support from all departments and instructed relevant ministries to help export led growth in the country. The meeting was attended by the Finance Minister, Commerce Minister, Minister for Privatisation and Investment, Information Minister, Secretary to PM, Secretary Commerce and Secretary BOI.

SRVI shares were last trading at Rs. 836.87 today.

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