June 15, 2026

SLM Gong Ceremony Marking a Milestone in Pakistan’s Capital Market

The Gong Ceremony of Service Long March Tyres Limited’s historic IPO was celebrated at PSX, marking Pakistan’s largest ever IPO. Oversubscribed within seconds, the offering raised PKR 7.78 billion and set new benchmarks for investor participation.

Senator Muhammad Aurangzeb, Federal Minister for Finance & Revenue, highlighted the importance of private sector participation in driving industrial growth. Farrukh H. Sabzwari, MD & CEO of PSX, emphasized record investor numbers and market resilience.

The Chairman of Service Long March Tyres Limited (Pakistan) & Chaoyang Long March Tyre Co. Ltd. (China) was present to lead the celebration, reaffirming the joint venture’s commitment to advancing industrial growth and strengthening Pakistan–China cooperation.

Omar Saeed, CEO of SLM, expressed gratitude to investors and shared expansion plans, while Shahid Ali Habib, CEO of Arif Habib Limited, noted the unprecedented success. Ali Farid Khwaja of SECP, You Hang from the Chinese Consortium, and Ruhail Muhammad, Chairman PSX, all underscored the strength of Pakistan–China collaboration and investor confidence.

This milestone strengthens Pakistan’s capital markets, boosts investor sentiment, and highlights the country’s industrial growth potential.