FSWL expects vacation of stay order to resume operations

MG News | July 04, 2022 at 01:46 PM GMT+05:00

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July 04, 2022 (MLN): Fateh Sports Wear Limited (FSWL) has informed that the management of the company is constantly pursuing the case for releasing the stuck-up amount of $2 million and expecting a vacation of stay order from the Honorable High Court of Sindh in order to resume its operations, the progress report of the company revealed today.

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

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

A list of expected buyers is being made and contacted for obtaining export orders.

The management is quite hopeful that on receipt of stuck-up funds and availability of working capital, production activities will be started in the shortest possible time.

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