The Securities and Exchange Commission of Pakistan (SECP) has approved the issuance, circulation and publication of the prospectus for Ghani Dairies Limited’s initial public offering of 104,200,000 ordinary shares, representing 24.28% of the company’s total post-IPO paid-up capital. The offering will use the book-building method, with 78,150,000 shares (75%) allocated to the book-building portion and 26,050,000 shares (25%) offered to retail investors. Ghani Dairies Limited produces and sells raw milk, operating a dairy farm in Khushab and supplying dairy processors; the approval is described as the seventh prospectus approved for public subscription in FY 2025–26 and the third prospectus approved in January 2026.