Fateh Sports Wear develops export strategy as it awaits release of stuck-up funds

MG News | July 06, 2026 at 11:50 AM GMT+05:00

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July 06, 2026 (MLN): Fateh Sports Wear Limited (PSX: FSWL) is constantly pursuing the case for release of stuck-up amount of $2 million and expects vacation of the stay order in the near future.

The company said that as soon as the stay order is vacated, it shall resume its operation activities.

Meantime, the management of the company has already developed a marketing strategy to promote and sell its products to the international market.

The management has already started making contacts with buyers for obtaining export orders and is hopeful that on receipt of the stuck-up funds and availability of working capital, production activities will be started in the shortest possible time.

The company said a further progress report will be submitted within the 15th day of every quarter ended, as per the requirement of the listing regulations of the Exchange.

The aforementioned information was disseminated through a notification to Exchange.

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