GFIL approves Rs500m bid for land asset

MG News | January 09, 2026 at 03:47 PM GMT+05:00

0:00

January 09, 2026 (MLN):Ghazi Fabrics International Limited (PSX: GFIL) approved the highest bid price of Rs500 million, as recommended by the Audit Committee, for the sale of an extra piece of land owned by the company.

The decision was taken during a meeting of the Board of Directors held on January 09, 2026.

The approved bid price is higher than the assessed market value of the land, according to the company’s filing on PSX revealed today.

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