Pakistan, May 8 -- International Industries Limited (IIL), one of Pakistan's largest manufacturers and exporters of steel and polymer pipes, has launched a wholly-owned subsidiary in Ireland called INIL Europe Limited.

The listed steel exporter shared the development in a notice to the Pakistan Stock Exchange (PSX) on Wednesday.

"A new venture has now been launched by IIL in Europe. The company has set up a fully owned subsidiary, 'INIL Europe Limited,' in Ireland, with the primary goal of expanding its global presence by trading its products in Ireland and other European Union countries," read the notice.

The company stated that it remains focused on the sustainable expansion of both its domestic and export portfolios, while also expl...