IDRT flags reduced operations

MG News | May 18, 2026 at 04:45 PM GMT+05:00

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May 18, 2026 (MLN): Idrees Textile Mills Limited (PSX:IDRT) has informed that its production activities will slow and operational capacity will remain reduced for approximately four weeks.

The company cited a combination of unfavourable market conditions driving the decision, including high raw material costs, a shortage of locally available cotton, and delays in the arrival of imported cotton shipments attributed to Middle East crises.

The company expects operations to gradually return to normal levels, contingent on improvement in market conditions and the arrival of imported cotton consignments, or the commencement of the new cotton crop season whichever comes earlier.

The aforementioned information was disseminated through a notification to Exchange.

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