Systems Limited acquires British American Tobacco SAA Services to expand global footprint - Profit by Pakistan Today

https://profit.pakistantoday.com.pk/2025/07/30/systems-limited-acqu...

Systems Limited’s associated firm Techvista Systems FZ LLC also enters into multiyear long-term deal for Business Process Outsourcing Services with Accenture (UK) Limited

Systems Limited has announced the acquisition of British American Tobacco SAA Services (Private) Limited from British American Tobacco International Holdings (UK) Limited.

The company disclosed this development through a notice to the Pakistan Stock Exchange (PSX) on Wednesday in accordance with Sections 96 and 131 of the Securities Act, 2015 and the relevant provisions of the PSX.

Systems Limited’s board approved the acquisition at a meeting on July 29, 2025.

“We hereby wish to inform you that Systems Limited in its Board meeting dated 29th July 2025 considered and approved the acquisition of British American Tobacco SAA Services (Private) Limited (“Target Company”) from British American Tobacco International Holdings (UK) Limited (“Seller”),” read the company’s notice.

Systems Limited stated that the primary business of the acquired company involves providing services in areas such as Information Technology (IT) and IT-driven shared and digital business services.

These services include, but are not limited to, consumer and customer support through omni-channel contact centers, marketing operations, HR operations, finance operations, procurement, and supply chain services. These offerings cater to multiple regions and align with Systems Limited’s business process outsourcing (BPO) service line.

The company also approved and entered into Share Purchase Agreement and the aggregate purchase price on the same date.

It said that the completion of the acquisition transaction will remain subject to satisfaction of conditions precedent and applicable regulatory approvals.

Additionally, Systems Limited’s affiliate, Techvista Systems FZ LLC, which is incorporated under UAE law, has entered into a long-term Master Services Agreement with Accenture (UK) Limited on July 29, 2025.

This multiyear agreement is for Business Process Outsourcing (BPO) services, where Techvista will act as a subcontractor to provide AI-powered global shared services through the newly acquired company.

Husain Haqqani
@husainhaqqani
Pakistan’s Nishat Group has earmarked $100 million to build electric-powered vehicles in partnership with one of China’s largest car exporters, Chery Automobile Co.
Local car assembling starts in October, & manufacturing will follow.
@business
reports.

https://x.com/husainhaqqani/status/1951209832200958217

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Faseeh Mangi
@FaseehMangi
Pakistani tycoon Mian Mansha is setting up a factory to build EV cars with one of China’s largest car exporters, Chery Automobile

The conglomerate has earmarked about $100 million

They plans to debut five cars today and start local assembling in Oct.

https://x.com/FaseehMangi/status/1951189257227223537

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Nishat, Chery launch Omoda, Jaecoo

https://www.dawn.com/news/1928185/nishat-chery-launch-omoda-jaecoo

LAHORE: One of Pak­istan’s leading business conglomerates, Nishat Group, has partnered with Chery International — China’s largest automobile exporter — to launch its global brands, Omoda and Jaecoo, in the local market. The high-profile unveiling event was held on Friday.

The group announced plans to establish a car manufacturing facility near Faisalabad, with local assembly of electric vehicles (EVs) expected to commence in November. An investment of $100 million will be made through its subsidiary, Nexgen Auto, to support EV manufacturing and marketing operations in Pakistan.

In a significant industry first, five car models were unveiled simultaneously — more than typically seen at automotive laun­ches. The line-up included two long-range battery electric vehicles (E5 and J6), two plug-in hybrids (J7 and C7), and a hybrid vehicle (J5). The event was attended by a broad spectrum of participants, including political figures, environmental advocates, automotive influencers, and car enthusiasts.

Speaking at the event, Nishat Group Chairman Mian Mohammad Mansha welcomed the government’s focus on electric mobility, calling it a timely move to address climate and economic challenges. He said the group had chosen to partner with Chery International due to its commitment to environmental sustainability.

“The introduction of electric vehicles will help combat pollution and significantly reduce the country’s oil import bill,” he said. He added that his group’s existing automotive venture, Hyundai, has already sold over 50,000 units. Mr Mansha also announced plans to offer bank financing for electric cars through MCB Bank, another entity under the Nishat umbrella.

Mr Qi Joe, President of Chery International South Asia, expressed confidence in the partnership, stating that the collaboration would help position Omoda and Jaecoo among Pakistan’s top car brands.

In a statement, the company said the launch highlighted Nishat Group’s commitment to innovation and excellence. “The unveiling of a future-ready line-up, tailored to the evolving needs of Pakistani consumers, reflects Nishat Group’s strategic vision for the country’s automotive industry,” it noted.

The event marks a milestone for Nexgen Auto in its goal to redefine mobility in Pakistan by introducing cutting-edge technology, sustainable design, and intelligent performance. With the entry of Omoda and Jaecoo, the company aims to bring global innovation and a modern driving experience to local roads, setting a new industry benchmark.

Chromebook manufacturing in Pakistan

AI Overview
Yes, Pakistan is launching its first Chromebook manufacturing assembly line in Haripur, Khyber Pakhtunkhwa (KP), through a collaboration between Tech Valley Pakistan, NRTC, Allied Corporation, and Google for Education. The facility, which began with a goal of producing 500,000 units annually and aims to scale up, is a significant milestone for local industry and aims to provide students with affordable, "Made in Pakistan" Chromebooks.
Key Details:
Location:
The assembly line is located in Haripur, Khyber Pakhtunkhwa (KP).
Partners:
The initiative involves Tech Valley Pakistan, National Radio & Telecommunication Corporation (NRTC), Allied Corporation, and Google for Education.
Production Capacity:
The facility initially aims to produce 500,000 units annually, with plans to scale up to 1 million units per year.
Goals:
The project seeks to make Chromebooks more accessible and affordable for Pakistani students, boost local tech manufacturing, create jobs, and support digital transformation in the country.
Significance:
This marks the first time Chromebooks will be "Made in Pakistan," representing a unique blend of local production and education.