Home Press Release BlueEx – Pakistan’s First Tech-Logistics Company to List on PSX

BlueEx – Pakistan’s First Tech-Logistics Company to List on PSX

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The news is out! – Universal Network Systems Limited (UNSL) has made it to the list of  Growth Enterprise Market (GEM) Board of the Pakistan Stock Exchange (PSX). UNSL is a Pakistan-based technology-driven e-commerce logistics company that is widely known as ‘BlueEx’.

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The company was first established in 2005 and operated as a domestic cargo consolidator. It wasn’t until 2011 that UNSL shifted to a logistics-based business including e-commerce. UNSL is also the first company in Pakistan to introduce the Cash-on-Delivery concept.

The recent approval to have been added to the GEM Board by PSX is a great achievement for the company. The listing will help UNSL to get funding and work on its expansion plans. UNSL will also be the first company to be listed on the GEM board from the courier and logistics industry of Pakistan.
As per the rules of PSX that apply to the GEM board, the company has aimed to issue 6,857,000 ordinary shares at a fixed price of Rs. 65/- per share to accredited investors.
UNSL has committed to a number of high-profile, domestic, and global customers to provide them with different services.  Their client list includes prominent brands including Gul Ahmed, Al Karam, Merck, Pakistan Cables, Triumph, and many more.
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