Pak Elektron Limited (Pel) has announced the expansion of its strategic partnership with Panasonic to provide distinguished LED solutions in Pakistan.
The company said in a notice to the Pakistan Exchange (PSX) on Monday that this partnership aims to meet the increasing demand for advanced visual experiences in the country.
The partnership is expected to have a positive impact on Pel, revenues and profitability.
It is worth noting that the Pelasonic team was approved by the Panasonic team on Friday, April 18, 2025, for this business partnership.
“Pel will provide Panasonic Smart TVs and offers with advanced features and superior image quality, backed by Panasonic’s commitment to confirm Japanese quality,” read the company’s notification to PSX.
After the last collaboration with Panasonic, Pel’s share price increased by 2.02 %, reaching 47.54 rupees starting at 12:39 pm on Monday, April 21, 2025.
According to PSX, the company’s shares profile shows the market value of 40.69 billion rupees with the circulation of more than 856 million shares. There are 59.35 % of the company’s shares in free float, which highlights the strong investor confidence in the company’s growth prospects.
Bell, which was established on March 3, 1956, manufactures and sells electric capital and local devices. The company was organized in two parts – power and devices.
Panasonic Holdings Corporation is a Japanese multinational electronics company based in Kadoma, Japan. In addition to consumer electronics, Panasonic offers a wide range of products and services, including rechargeable batteries, auto and industrial systems, as well as home renovation and construction.