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
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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