{
  "id": 1674342,
  "title": "SECP approves public offering of New Nazimabad Apartments REIT",
  "url": "https://urgent.news/2026/08/18/secp-approves-public-offering-of-new-nazimabad-apartments-reit",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T08:34:36.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40435369/secp-approves-public-offering-of-new-nazimabad-apartments-reit"
  },
  "original_language": "en",
  "account": "The Securities and Exchange Commission of Pakistan (SECP) has given the green light for the public offering of New Nazimabad Apartments REIT, making it the 13th offering on the Pakistan Stock Exchange (PSX) this year. According to a statement released on Tuesday, the REIT will be offering more than 44 million units to investors. \"A new investment opportunity in one of Karachi’s prominent residential developments,\" stated Arif Habib Limited (AHL) on social media. The company revealed that the issue size lies between Rs793 million and Rs1.01 billion, with the price band set at Rs18-23 per share. SECP Chairman Dr Kabir Ahmed Siddiqui remarked that the surge in public offerings signifies the increasing trend of capital market fundraising. He also emphasized the importance of a stable capital market for long-term business financing and hinted at further measures to reduce the time and cost of capital raising. The PSX has witnessed considerable fluctuations in IPOs over the past few years, with a notable resurgence in 2024 that has carried over into 2026. Experts anticipate that more IPOs will follow in 2026 due to rising market valuations and ample liquidity, which is encouraging businesses to share their stocks. It is projected that the PSX will see 16 IPOs in 2026.",
  "summary": "The Securities and Exchange Commission of Pakistan (SECP) has approved the public offering of New Nazimabad Apartments REIT, marking the 13th public offering on the Pakistan Stock Exchange (PSX) this year. As per a statement released on Tuesday, the REIT will offer more than 44 million units to investors, said SECP. “A new investment opportunity in one of Karachi’s prominent residential…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}