In a significant development for Pakistan’s technology sector, Systems Limited, one of the country’s largest listed software firms, has announced its plan to acquire Confiz Pakistan (Private) Limited through a formal merger.
The announcement was made via an official notice submitted to the Pakistan Stock Exchange (PSX) on Thursday, outlining the company’s intention to absorb Confiz Pakistan and its associated group entities.
Board Approval and Legal Framework
According to the PSX filing, the Board of Directors of Systems Limited approved the acquisition through resolutions passed by circulation on December 10, 2025. The transaction will be executed through an amalgamation scheme prepared under Sections 279 to 283 and 285(8) of the Companies Act, 2017.
The proposed merger involves the transfer of all direct and indirect shareholdings of Confiz Pakistan into Systems Limited, subject to regulatory clearances and legal approvals.
Share Issuance and Regulatory Approvals
Under the terms of the proposed scheme, Systems Limited will issue shares to the shareholders of Confiz Pakistan as consideration for the merger.
The arrangement remains conditional upon approvals from shareholders, creditors, and relevant regulatory authorities, as well as formal sanction from the Lahore High Court. Any modifications required by regulators or the court will also be incorporated before final implementation.
About Confiz Pakistan
Confiz Pakistan is the local arm of Confiz, a global technology services firm founded in 2005. The company specializes in digital transformation services, including cloud solutions, data and artificial intelligence, enterprise software development, and mobile application development. Its clientele spans key industries such as retail, fintech, and enterprise services.
About Systems Limited
Established in 1977 as a private limited company, Systems Limited transitioned into a publicly listed entity in 2005 and was officially listed on the PSX in 2015. The company’s core operations include software development and business process outsourcing (BPO) services.
With a strong domestic presence, Systems Limited has successfully expanded its operations across the United States, United Kingdom, Europe, and the Middle East, positioning itself as a major player in global digital transformation services.
Strategic Impact on Pakistan’s IT Sector
The proposed acquisition underscores Systems Limited’s growth ambitions and reflects increasing consolidation within Pakistan’s technology industry. The merger is expected to enhance service capabilities, expand global reach, and strengthen Pakistan’s standing in the international IT services market.