Pak Elektron Limited (PEL) has officially launched transformer exports to the United States, marking a significant milestone in its international expansion strategy. The company announced the achievement in a filing with the Pakistan Stock Exchange (PSX) on Monday.

According to the filing, PEL's first consignment of transformers departed from Pakistan on March 13, 2025. This development underscores the company's commitment to exploring new markets and expanding its global footprint.

"We remain dedicated to enhancing our global presence and delivering high-quality products to customers worldwide," PEL stated in its notice.

Following the announcement, PEL's stock surged by 6.73%, gaining Rs2.87 to reach Rs45.49 as of 11:24 AM on March 17, 2025. This increase reflects strong investor confidence in the company's entry into the U.S. market and its potential for future growth.

Founded in 1956, Pak Elektron Limited specializes in the manufacturing and sale of electrical capital products and domestic appliances. The company operates through two primary divisions: Power and Appliances.

This strategic expansion into the U.S. power sector positions PEL among key global players in the transformer industry, opening doors for further international trade opportunities.

Source: profit.pakistantoday.com