Pakistan, May 22 -- Mecom Gas Pvt Ltd. is considering launching an initial public offering on the Pakistan Stock Exchange to raise nearly $20 million for expanding liquefied petroleum gas storage infrastructure. The company plans to use the proceeds to develop a 3,000-ton LPG storage facility aimed at strengthening supply stability and reducing exposure to market disruptions.

According to company officials, Mecom Gas is currently holding discussions with Arif Habib Limited regarding an advisory role for the proposed public offering. Chief Executive Officer Kamran Afzal said the company intends to increase storage capacity significantly as Pakistan's energy market continues facing supply shortages and rising pricing pressures linked to re...