Thatta Cement refutes liquidity crunch rumors

Nilam Bano | December 04, 2025 at 03:37 PM GMT+05:00

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December 04, 2025 (MLN): Thatta Cement Company Limited (PSX: THCCL) has categorically refuted recent reports circulating on social media regarding a severe liquidity crisis, clarifying that its strategic investment of Rs6.5 billion has nearly doubled in value, according to a filing made to the Pakistan Stock Exchange (PSX) on Thursday.

The company issued the clarification in response to what it termed "false circulation of information", suggesting that the cement manufacturer was facing a liquidity crisis and that its recent investment had been frozen by the Islamabad High Court, rendering it a "dead asset".

"The Company maintains substantial liquid cash reserves in its books," the statement reads.

Addressing the status of the funds, the company added, "The lawful investment of PKR 6.5 billion made through the Pakistan Stock Exchange has nearly doubled".

Regarding the legal proceedings, Thatta Cement confirmed that the matter is currently sub-judice before the Islamabad High Court.

The company explained that, while a Single Bench of the Court granted ex parte ad interim relief to the petitioners in Company Original Petition Nos. 16 & 17 of 2025, no final decision or adjudication has been rendered yet.

The next hearing for the matter is scheduled for December 23, 2025.

The company assured shareholders and regulators of its commitment to transparency, stating that any material developments will be disclosed through proper channels in accordance with PSX regulations.

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