In a notification sent to PSX on 14/05/2024. Ghazi Fabrics International Limited (GFIL) has announced the impact of economic conditions and the cotton supply.
Due to the prevailing economic conditions in the country, increase in power cost and non-availability of quality cotton at affordableprice, it is unable to continue with the production activities. Therefore, the Company has decided to temporarily shut down / closeproduction activities of its Spinning Units till further notice. However, for the time being the Weaving Unit will remain operative. We will continue to monitor the situation for future courseof action.
GFIL shares were last trading at Rs. 10.23 today.
TRG Pakistan Limited (TRG), through its associate TRG International, holds significant stakes in two key…
Headline inflation is expected to reach approximately 12.66% in June 2024, compared to 11.76% in…
Pakistan Aluminium Beverage Cans Limited (PABC) has announced that it achieves AA- long term rating.
Ismail Industries Limited (ISIL) announced that it is to begin the regulatory process for Abu…
the average industry Gross Refining Margin (GRM) is expected to be around $3.8 per barrel.
Unity Foods Limited (UNITY) reported a transaction by a non-executive director.