Maqbool Textile withdraws proposal for reconstruction/demerger

News Image

MG News | February 27, 2023 at 02:45 PM GMT+05:00

February 27, 2023 (MLN): The Board of Directors of Maqbool Textile Mills Limited (PSX: MQTM) has formally withdrawn the proposal for reconstruction/demerger of the company, the company filing on PSX showed today. 

The decision was taken at a meeting held earlier today, where the board members discussed the pros and cons of the proposed plan and evaluated its feasibility.

The proposal for reconstruction/demerger was initially put forward by the management to streamline the operations of the company and make it more efficient.

However, after careful consideration, the board members have decided to withdraw the proposal due to various reasons, including the current economic climate and market conditions.

Maqbool Textile Mills is a well-established textile manufacturing company that has been in operation for several years. The company is known for its high-quality products and has a strong customer base. 

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 162,896.68
169.98M
0.67%
1091.66
ALLSHR 98,449.69
389.81M
0.63%
617.70
KSE30 48,687.46
89.94M
0.72%
346.80
KMI30 233,849.31
94.62M
0.50%
1168.71
KMIALLSHR 64,048.09
199.49M
0.59%
373.04
BKTi 44,347.06
28.49M
1.07%
471.40
OGTi 34,422.95
8.77M
1.31%
443.56
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 76,525.00 77,425.00
76,120.00
-370.00
-0.48%
BRENT CRUDE 110.56 111.58
109.01
-1.54
-1.37%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-7.25
-6.18%
ROTTERDAM COAL MONTHLY 111.50 111.50
111.50
0.90
0.81%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 103.28 104.71
102.12
-1.10
-1.05%
SUGAR #11 WORLD 14.98 15.05
14.69
0.25
1.70%

Chart of the Day


Latest News
May 19, 2026 at 05:30 PM GMT+05:00

Pakistan, Japan eye next chapter in minerals science


May 19, 2026 at 05:20 PM GMT+05:00

ECC approves National Gemstone Policy 2026–2030


May 19, 2026 at 04:50 PM GMT+05:00

Gold price in Pakistan remain unchanged



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg