Secure Logistics Group Limited (PSX: SLGL) has announced a new partnership to provide transport services to Maersk West and Central Asia Limited. The agreement, disclosed in a stock exchange filing on Tuesday, marks a significant step for SLGL in its quest to become a leading domestic logistics services provider.

The corporate onboarding of SLGL as a transport service provider for Maersk aligns with the company’s strategic objectives, according to the filing. This partnership is expected to enhance SLGL’s market presence and operational capabilities within the logistics sector.

In addition to this agreement, SLGL is in discussions with Maersk to extend similar services under its TIR License, targeting regional markets, including Central Asian countries. This expansion is part of SLGL’s broader strategy to leverage its logistics expertise across new markets.

Following the announcement, SLGL’s stock price rose by 2.96 percent, at Rs. 15.68 with over 2.22 million shares traded on Tuesday.