Fateh Sports Wear struggles in Q32024 as $2m funding remains stalled

MG News | October 03, 2024 at 10:22 AM GMT+05:00

0:00

October 03, 2024 (MLN): Fateh Sports Wear Limited (PSX: FSWL) is actively pursuing the release of the stuck amount of $2 million and anticipates a swift resumption of operations once the stay order is vacated in the near future, as revealed in the company's progress report for Q32024 issued to local bourse today.

Meantime, the management of the company has developed a marketing strategy to promote and sell products to the International Market.

Moreover, the company has already started making contacts with the buyers to obtain export orders and is quite hopeful that on the receipt of stuck-up funds and availability of working capital, production activities will start soon.

"Further progress reports will be submitted by the 5th day of every quarter," the notice concludes.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	167,191.38 452.22M	1.01% 1673.87
ALLSHR	99,572.56 854.13M	1.14% 1123.80
KSE30	50,589.37 258.13M	0.84% 420.31
KMI30	242,439.68 214.57M	0.52% 1247.28
KMIALLSHR	65,152.10 464.27M	0.90% 579.98
BKTi	45,989.68 77.65M	1.01% 460.44
OGTi	34,428.33 15.83M	0.36% 122.21

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	73,630.00	73,820.00 71,570.00	1340.00 1.85%
BRENT CRUDE	94.26	98.26 94.20	-1.66 -1.73%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.10 0.10%
ROTTERDAM COAL MONTHLY	104.00	105.70 104.00	-2.70 -2.53%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	95.63	100.42 95.51	-2.24 -2.29%
SUGAR #11 WORLD	13.76	14.06 13.71	-0.16 -1.15%