Cordoba Logistics & Ventures Limited (PSX: CLVL) has received official approval from the Securities and Exchange Commission of Pakistan (SECP) to establish a Non-Banking Finance Company (NBFC). The company announced on Friday that SECP has issued a Permission Order, allowing it to form Cordoba PE Management Limited, which will focus on private equity and venture capital fund management services.
According to a notice submitted to the Pakistan Stock Exchange (PSX), the newly approved NBFC will operate within the regulatory framework set by SECP. The formation of Cordoba PE Management Limited is subject to full compliance with the regulatory requirements outlined in the Permission Order, as well as other applicable laws governing the financial sector in Pakistan.
Cordoba Logistics & Ventures Limited, incorporated in Pakistan on December 1, 1986, as a Public Limited Company under the Companies Ordinance, 1984, has traditionally been engaged in the logistics sector along with various business ventures. The company’s expansion into private equity and venture capital fund management marks a significant step in diversifying its business portfolio, aligning with emerging financial trends and investment opportunities in Pakistan’s growing capital markets.
The establishment of Cordoba PE Management Limited reflects the increasing demand for structured private equity and venture capital services in the country. As startups and enterprises seek funding to scale operations, NBFCs play a crucial role in providing alternative financing solutions beyond conventional banking channels. This move is expected to strengthen Cordoba’s position in the financial sector while contributing to Pakistan’s broader investment ecosystem.
With regulatory approval in place, Cordoba Logistics & Ventures Limited will now focus on fulfilling compliance requirements to operationalize its new financial services arm. The company’s venture into fund management underscores the growing importance of private equity in supporting business expansion and innovation across multiple industries.
