July 5, 2021 (MLN): Bilal Fibres Limited has denounced and disowned the letter currently circulating in the market, stating that the company has resumed its operations and started its Yarn production.

Furthermore, a bogus letter also stated that Bilal Fibres has come into an agreement with the banking companies, as the company had closed its operations in 2017 due to high business costs and poor support from the government.

In this regard, the company strongly negated and disowned the forged letter, adding that it is NOT issued by Bilal Fibres Limited.

“Someone has tried to mislead using our name and a made-up letterhead,” the company in a notification to exchange said.

The company also requested Exchange to conduct a thorough investigation of this matter in order to point out the culprits and take strict action against them who took advantage of such deceitful deeds.

Copyright Mettis Link News

42072