Gul Ahmed moves to acquire Nooriabad industrial site

MG News | November 20, 2025 at 11:17 AM GMT+05:00

0:00

November 20, 2025 (MLN): The Board of Directors of Gul Ahmed Textile Mills Limited (PSX: GATM) approved the acquisition of Plot No. A-44 in Sindh Industrial Trading Estates Ltd (SITE), Nooriabad, District Jamshoro, according to the company's statement issued today.

The acquisition includes the land, building, plant, machinery, allied equipment, fittings, and all appurtenances on the site, in line with applicable laws and subject to completion of necessary corporate, regulatory and legal formalities.

The Chief Executive Officer acting singly or the Chief Financial Officer and Company Secretary acting jointly are authorized to undertake all acts, deeds and steps required to complete the transaction.

Copyright Mettis Link News

Related News

Artificial Island to power Pakistan’s oil drilling drive

Treet sets Rs187m investment path for Loads

Name	Price/Vol	%Chg/NChg
KSE100	162,739.50 118.77M	0.32% 513.22
ALLSHR	98,703.37 432.25M	0.45% 437.78
KSE30	49,372.97 68.35M	0.29% 144.43
KMI30	231,881.58 60.57M	0.48% 1115.67
KMIALLSHR	64,248.65 179.97M	0.60% 385.44
BKTi	43,993.75 14.06M	0.05% 20.97
OGTi	32,049.89 12.71M	1.26% 397.70

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,995.00	93,225.00 90,445.00	2415.00 2.70%
BRENT CRUDE	63.65	63.83 63.60	0.14 0.22%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.00 0.00%
ROTTERDAM COAL MONTHLY	96.25	96.25 95.90	0.35 0.37%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.40	59.65 59.32	0.15 0.25%
SUGAR #11 WORLD	14.66	15.05 14.62	-0.04 -0.27%