Family based solar business, NetLine raises funds at $4.5m valuation

71

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.’’