December 06, 2018 (MLN): AlShaheer Corporation, in its latest notification to PSX, has stated that due to certain unexpected occurrences, the Expansion Project which was due in the month of November could not be launched.
This statement was made in reference to the Quarterly Progress Reports issued on September 14 2018, whereby the company informed that the company will launch its Poultry Business & Meat Processing Factory project in the month of November 2018.
Having said that, the company specified that submission of Quarterly Progress Reports for October was not warranted.
Currently, the company’s management is in Lahore to evaluate the delay and to have a conclusive timeline for the Project Launch.
The management is expected to return within a couple of days, after which it will be posting the subject report.
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