Fateh Sports Wear eyes restart after $2m funds release

MG News | October 06, 2026 at 03:58 PM GMT+05:00

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October 06, 2026 (MLN): Operations at Fateh Sports Wear Limited (PSX: FSWL) are expected to restart as soon as a stay order is vacated and $2.00m of stuck-up funds is released, the company's management said in a progress report submitted to the Pakistan Stock Exchange (PSX) in response to the Exchange's letter dated October 02, 2026.

The management is constantly pursuing the case for the release of the funds and expects the stay order to be vacated in the nearest future. The company will resume its operating activities as soon as that happens.

In the meantime, the management has developed a marketing strategy to promote and sell its products in the international market. It has also started contacting buyers to obtain export orders.

The management is quite hopeful that production activities will restart in the shortest possible time once the stuck-up funds are received and working capital becomes available.

The company will submit further progress reports within 15 days of the end of every quarter.

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