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Fateh Sports trying to release stuck up amount of $2mn

Fateh Sports Wear's operational struggles persist as $2m remains unreleased
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January 2, 2023 (MLN): The management of Fateh Sports Wear Limited (FSWL) is constantly pursuing the case for releasing stuck-up amount of $2 million and expecting vacation of stay order in nearest future, a notice issued by company to PSX showed.

“As soon as stay order is vacated, company shall resume its operation activities”, the notice added.

Meantime the management of the company has developed marketing strategy to promote and selling of our products to international market.

Furthermore, the list of expected buyers is being made and has started making contacts with the buyers for obtaining export orders.

Management is quite hopeful that on receipt of stuck-up funds and on availability of working capital, production activities will be stated in shortest possible time, it added.

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Posted on: 2023-01-02T11:30:06+05:00