Fateh Sports Wear's operational struggles persist as $2m remains unreleased

MG News | July 08, 2024 at 11:27 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

July 08, 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 Q2 CY24 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	177,166.52 410.56M	0.33% 574.76
ALLSHR	107,641.65 676.88M	0.48% 519.21
KSE30	52,670.80 88.28M	0.39% 203.40
KMI30	251,460.53 103.06M	0.76% 1891.30
KMIALLSHR	69,413.38 509.62M	0.79% 544.65
BKTi	49,984.79 26.85M	-0.30% -151.57
OGTi	36,423.05 16.04M	1.47% 527.97

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	77,540.00	78,915.00 76,745.00	360.00 0.47%
BRENT CRUDE	93.60	94.83 92.74	-0.18 -0.19%
RICHARDS BAY COAL MONTHLY	110.30	110.50 110.30	0.05 0.05%
ROTTERDAM COAL MONTHLY	125.25	125.25 125.25	1.50 1.21%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.64	87.51 85.80	-0.19 -0.22%
SUGAR #11 WORLD	17.60	17.89 17.16	0.08 0.46%