Pace Pakistan Ltd.
PPSX:PACE9.29
PKR
-0.03
(-0.32%)
ISIN
PK0088601015
Return %
Stock
S&P 500
1Y
-61.91
14.20
3Y
376.41
81.12
5Y
124.40
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Aamna Taseer
- Full Time Employees
- 148
- Sector
- Finance
- Industry
- Real estate development
- Address
- Lahore Pakistan
- IPO Date
- Feb 26, 2007
- Website
- pacepakistan.com
- Similar Companies
- Business
- Pace (Pakistan) Limited is a Pakistan-based real estate development, investment, and property management company engaged in the acquisition, development, construction, leasing, and operation of commercial shopping malls, mixed-use complexes, residential properties, and retail facilities. Founded in 1992 and headquartered in Lahore, Pakistan, the company operates across the real estate development, property rental, and retail management segments, primarily serving retail enterprises, commercial tenants, and residential property buyers. The company offers a comprehensive range of property assets and real estate services, including the development, sale, and leasing of retail shops, anchor department store spaces, commercial office suites, residential apartments, and gated community housing projects; the operation and management of premier retail destinations, including Pace Mall Gulberg, Pace Mall Model Town, Pace Mall Fortress Stadium, and Pace Shopping Mall Gujrat; supermarket operations and retail space administration; master planning, architecture, project execution, and interior outfitting; and full-service facility management comprising building maintenance, security, utility provisioning, and parking operations. The company executes operations independently and through corporate affiliates and subsidiaries, including Pace Gujrat (Private) Limited, Pace Woodlands (Private) Limited, and Pace Supermarket (Private) Limited, operating within the First Capital Group network. In recent corporate developments, Pace (Pakistan) Limited has advanced strategic balance-sheet restructuring and debt-settlement arrangements with major financial institutions to optimize its capital structure and reduce financing costs. Concurrently, the company has undertaken portfolio rationalization initiatives, including the monetization of non-core land and property assets, modernization and tenant re-leasing across flagship retail malls, and strategic operational realignment toward high-yield commercial and residential developments across the Punjab region.