Pak-Gulf Leasing Board approves doubling authorized capital to Rs1bn

Pak-Gulf Leasing Company has received board clearance to double its authorized capital, lifting it to Rs1bn from Rs500mn. The directors met on September 28, 2026, and the proposal still needs a special resolution from shareholders along with regulatory approvals.

The increase would take authorized ordinary shares from 50mn to 100mn, each carrying a face value of Rs10. The board also endorsed changes to the object clause and related governing documents, allowing the company to offer investment finance services under NBFC rules. Both changes therefore depend on the same shareholder vote.

Both matters will go before shareholders at the annual general meeting on October 27, 2026. Mettis Global reported the details, drawn from a company notification sent to the exchange.