International Industries Limited, Pakistan’s leading manufacturer and exporter of steel and polymer pipes, is planning to enter the country’s mining and exploration sector through a proposed joint venture, signaling a major diversification beyond its traditional industrial operations.

In a notice submitted to the Pakistan Stock Exchange, the company said the initiative would operate under a consortium model, primarily targeting mineral exploration opportunities in Balochistan and Khyber Pakhtunkhwa. The activities will be carried out through a dedicated joint venture entity established for the project.

The company stated that the expansion forms part of a broader strategy to diversify revenue streams and explore new growth areas while strengthening both domestic operations and export potential. It added that management continues to evaluate additional business ventures, products, and market opportunities.

Under the proposed arrangement, each participating partner will invest up to Rs. 500 million in equity through phased capital injections. The joint venture entity will qualify as an associated company under the Companies Act 2017.

To advance the plan, the board has convened an Extraordinary General Meeting scheduled for June 18, 2026, where shareholders will vote on the investment through special resolutions in accordance with relevant corporate regulations.

International Industries highlighted its strong industry position, noting that it contributed more than Rs. 5.94 billion in taxes and duties during FY2025 and has received multiple recognitions, including Top 25 Companies honors from the Pakistan Stock Exchange, export awards from the Federation of Pakistan Chambers of Commerce & Industry, and the Employer of the Year Award 2025 from the Employers Federation of Pakistan.