Fauji Foundation buys 19.7% Pakistan Services stake for Rs6.55bn

The foundation bought 6,406,797 voting shares on 2 November at Rs1,022.42 each, lifting its holding in the Pearl Continental hotels owner to 19.70%.

Fauji Foundation acquired 19.70% of Pakistan Services Limited voting shares for about Rs6.55 billion ($23.7 million).

It bought 6,406,797 shares on 2 November 2026 at Rs1,022.42 each; the company disclosed the deal to the Pakistan Stock Exchange.

Pakistan Services owns and runs the Pearl Continental hotel chain and related hospitality brands.

The per-share price is well above earlier 2025 stakes bought by AKD Group and Thatta Cement at about Rs700–Rs710.

The purchase is the latest move in a longer ownership dispute involving large stakes and Islamabad High Court proceedings.

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