Intermarket securities, a leading brokerage firm, confirmed a 4.5 million USD valuation for Netline, a family-owned business in the energy and power sector. NetLine is known as one of the pioneering businesses in the field of solar and UPS (uninterruptible power supply). Netline has demonstrated top-performing capabilities as a turnkey Solution specialist firm serving some of Pakistan’s largest industries and companies since 2002.
Mr. Iqbal Zavary, the founder and chairman of NetLine, commented, ‘’The years 2021 and 2022 were pivotal for our organisation, and we are overjoyed with the outcomes. Our quality, innovation, consistent performance, and dependability demonstrate that our products are technologically sophisticated and exceed industry standards. We are able to stay ahead of the curve thanks to investments in technology and prompt adoption of energy trends. We are honoured to be recognised as one of the leading family-based energy companies. This valuation by Intermarket Securities demonstrates our dedication to providing our clients with trustworthy and reliable products. I am proud of our team that has helped NetLine become one of the leading firms in Pakistan, offering benchmark sustainable energy solutions via world-class innovations and technology.’’
Mr Wajid Hussain, CEO of Intermarket Securities, said, ‘’ Pakistan has an abundance of solar irradiance and receives sun energy virtually all year. When paired with international investment, this represents a fantastic chance to harvest solar energy from the most irradiated places in the country. The Pakistani solar energy market is expected to be spurred by supporting government policies and initiatives by well-developed businesses like NetLine.’’
NetLine is a prominent provider of energy solutions with a focus on constant innovation to improve the energy performance of electrical installations in infrastructures for industrial and commercial sites. Netline is one of Pakistan’s leading players in Critical Power and Energy Solutions, with offices in Pakistan, UAE and USA. The group is committed to enable a more sustainable and resource-efficient future by addressing the world’s energy challenges.
