In 2022 there were only three public listings, raising 1.3 billion rupees ($4.3 million) - the lowest in nine years. "The board has authorised the management to appoint HBL and KTrade to initiate the process of an IPO," Hussain told Reuters. Pakistani manufacturers use imported raw material and in 2022, $3.7 billion worth of soyabean and palm oil was imported. This year, Dalda, Pakistan's biggest consumer staple, announced plans for an IPO to raise between 3.3 to 4.6 billion rupees. At 4.6 billion rupees, it would be the largest IPO by a consumer staple company.
