Karandaaz’s equity investment in Secure Logistics (Pvt) Ltd (SLG) with added co-investment from an international investor, Saudi Bugshan Group (Bugshan Group), totals to PKR 1.2 billion. The investment, in addition to enabling SLG to expand its existing long-haul fleet, will also help it in expanding into additional segments of short-haul distribution and warehousing – thus becoming a leading domestic 3 PL player offering “one-window solutions” to clients supported by an in-house vehicle and asset tracking capability. The investment is expected to create more than 600 direct and indirect additional jobs in the logistics sector of the country.
