KARACHI: JDW Sugar Mills Ltd, primarily owned and controlled by Pakistani industrialist and politician Jahangir Khan Tareen, said it plans to establish a wholly owned subsidiary in the United Arab Emirates (UAE) as it seeks to expand its international footprint.
The company, part of the JDW Group where Tareen serves as director, disclosed the decision in a notice to the Pakistan Stock Exchange (PSX) on Tuesday, saying its board had approved the setting up of the unit, subject to applicable laws in the UAE.
JDW said the subsidiary would create new business opportunities and enable the group to pursue its strategic objectives more efficiently, without providing further details on the scale of investment or the nature of operations.
The move highlights the appeal of the UAE as a base for Pakistani companies seeking easier access to international markets. Businesses often cite streamlined payment systems, a relatively business-friendly regulatory environment and stronger contract enforcement as key attractions. The UAE also ranks favourably on indicators such as enforcing contracts and access to electricity.
Market analysts say incorporating in the UAE can offer Pakistani firms access to global banking channels, established infrastructure and a clearer legal framework, particularly at a time when domestic economic conditions remain challenging.
Founded in 1990 as a private limited company and converted into a public limited company a year later, JDW Sugar manufactures and sells crystalline sugar, generates electricity and operates corporate farms.
