January 7, 2022 (MLN): Bilal Fibres Limited has requested PSX to remove its name from the defaulter’s segment as the company is actively pursuing different options for the revival of operations, the company’s progress report said today.

The report further stated that it is in the process of finding out international and local investors for a joint venture and is very positive that it will be in a position to resume the business operations soon since the government has initiated many steps to facilitate the textile sector and conducting various meetings with the SBP, APTMA and other concerned departments’ officials.

To recall, in July 2021, the company denounced and disowned the news stating that the company has resumed its operations and started its Yarn production.

Copyright Mettis Link News

30030