International Industries Limited (IIL), one of Pakistan’s leading manufacturers and exporters of steel and polymer pipes, has announced plans to diversify into the mining and exploration sector as part of its long-term growth strategy.
The company disclosed that it is actively pursuing new revenue streams beyond its core industrial operations, with a focus on expanding its domestic and international business footprint. As part of this initiative, IIL intends to explore mining opportunities primarily in Balochistan and Khyber Pakhtunkhwa through a consortium-led joint venture structure.
Under the proposed arrangement, the venture will be operated through a joint venture company, with each participating partner expected to contribute up to PKR 500 million in equity investment. The move reflects IIL’s strategy to diversify its portfolio while tapping into Pakistan’s resource development potential.
To proceed with the investment, the company’s Board of Directors has called an Extraordinary General Meeting (EOGM) scheduled for June 18, 2026. Shareholders will be asked to approve the proposed investment under Section 199 of the Companies Act, 2017, as the joint venture entity falls under the classification of an associated company.
IIL stated that this diversification aligns with its broader expansion plans, which include evaluating new ventures, launching new products, and entering emerging markets. The company has highlighted its strong track record, including recognition among PSX’s Top 25 Companies and significant tax contributions exceeding PKR 5.94 billion in FY2025.
