Mubarak Textile scraps plans to resume commercial production

MG News | October 04, 2024 at 10:10 AM GMT+05:00

0:00

October 04, 2024 (MLN): Mubarak Textile Mills Limited (PSX: MUBT) has decided not to commence or resume commercial production and business operations in its main business line.

This update was shared in the company’s latest progress report submitted to the Pakistan Stock Exchange (PSX).

The company is struggling with non-favourable working conditions and a tight liquidity position.

Thus, the management could not involved in any business activity.

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