GFIL slashes weaving output amid economic strain

By MG News | October 29, 2024 at 03:02 PM GMT+05:00

0:00

October 29, 2024 (MLN): Ghazi Fabrics International Limited (PSX: GFIL) has decided to partially curtail production activities at its Weaving Unit.

In a notice issued to the PSX today, the company highlighted the prevailing economic conditions as the reason for this decision.

GFIL stated that the increase in power costs and the non-availability of quality cotton at affordable prices are limiting production activities for the time being; therefore, it has decided to partially halt production.

Copyright Mettis Link News

Related News

BAPL works to resume core operations

Azgard Nine extends Muzaffargarh sale deadline

KSE-100 touches 130,000 points

Name	Price/Vol	%Chg/NChg
KSE100	130,151.09 319.41M	1.52% 1951.66
ALLSHR	80,942.01 950.67M	1.45% 1154.38
KSE30	39,823.19 130.81M	1.84% 718.19
KMI30	189,164.23 137.61M	1.20% 2248.62
KMIALLSHR	54,707.10 472.93M	0.93% 505.22
BKTi	34,835.39 52.82M	4.06% 1358.71
OGTi	28,180.10 12.86M	0.78% 217.52

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,205.00	108,340.00 105,440.00	2455.00 2.32%
BRENT CRUDE	67.73	67.75 66.94	0.62 0.92%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	103.80	0.00 0.00	-3.70 -3.44%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	66.06 65.23	0.58 0.89%
SUGAR #11 WORLD	15.90	15.97 15.77	0.20 1.27%