Karachi: Clover Pakistan Limited (PSX: CPL) has announced the signing of an exclusive distribution and stockist agreement with UK-based CITA-UK, marking a significant step in the company’s expansion into Pakistan’s rapidly growing electric vehicle (EV) infrastructure market.
According to the company’s disclosure submitted to the Pakistan Stock Exchange (PSX), Clover Pakistan has been appointed as the exclusive distributor and stockist in Pakistan for CITA-UK’s range of electric vehicle chargers, accessories, and related equipment. The agreement was executed in compliance with the disclosure requirements under the Securities Act, 2015 and the PSX Rule Book.
CITA-UK is recognized globally for its expertise in smart EV charging solutions and charging infrastructure. Through this partnership, Clover Pakistan aims to introduce advanced EV charging products to the local market, supporting the country’s transition toward sustainable transportation and clean energy technologies.
The company stated that the collaboration aligns with its long-term strategy to diversify its business operations and strengthen its presence in high-growth sectors, particularly green energy and sustainable technology. The agreement is expected to enhance Clover Pakistan’s business footprint while contributing to the development of Pakistan’s emerging EV ecosystem.
As demand for electric vehicles continues to rise globally and locally, the availability of reliable charging infrastructure is becoming increasingly important. By partnering with an internationally recognized EV charging solutions provider, Clover Pakistan is positioning itself to capitalize on new opportunities within the country’s evolving clean energy landscape.
The company has informed the Pakistan Stock Exchange and relevant regulatory authorities of this material development, emphasizing that the agreement represents a strategic milestone in its expansion into the sustainable technology sector.
