01/08/2026
Pioneer Cement Limited's (PSX: PIOC) Board has approved up to Rs4bn in loans/advances to its holding company, Maple Leaf Cement Factory Limited (MLCF). The facility, subject to shareholder approval, runs for one year from September 18, 2026 to September 17, 2027, at a mark-up of 1% above three-month KIBOR or PIOC's average borrowing cost, whichever is higher. PIOC's AGM will be held on September 15, 2026 in Lahore.
For PSX investors: this related-party lending means PIOC earns interest income from MLCF, but investors should watch cash flow effects and shareholder approval, as such advances can affect PIOC's own liquidity.