SECP approves public offering of New Nazimabad Apartments REIT

Business Recorder reported that the Securities and Exchange Commission of Pakistan (SECP) has cleared a public offering for New Nazimabad Apartments REIT. The approval makes this the 13th public offering this year on the Pakistan Stock Exchange (PSX). According to the regulator's statement issued on Tuesday, the REIT aims to place over 44 million units among investors.

Pricing has been set in a band of Rs18-23 per share, while the overall issue ranges from Rs793 million to Rs1.01 billion. Arif Habib Limited (AHL) highlighted the offer on social media as a fresh chance to invest in a well-known residential project in Karachi.

SECP Chairman Dr Kabir Ahmed Siddiqui linked the rise in offerings to companies increasingly tapping the capital market for funds. He stressed that a steady market is vital for financing businesses over the long run, and said the regulator is working to shorten and cheapen the capital-raising process. Analysts expect more IPOs in 2026 as valuations have climbed and liquidity is plentiful, with the PSX projected to host 16 such listings this year.