Non-operational status persists for BILF in Q3CY24

MG News | October 02, 2024 at 01:04 PM GMT+05:00

0:00

October 02, 2024 (MLN): Bilal Fibres Limited (PSX: BILF) continues to be non-operational due to the adverse economic condition of Pakistan, as stated by BIFL in its progress report for Q32024 issued to the domestic stock market today.

The report highlights the company's ongoing challenges with working capital and prevailing political instability, litigation with the banking companies and high manufacturing costs.

As a result, it remains impossible for us to commence operations in the near future.

Despite these challenges, the directors and management are actively working to navigate the situation and restore operations.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	188,202.86 341.59M	-0.20% -384.80
ALLSHR	112,423.22 745.46M	-0.07% -79.96
KSE30	57,956.48 141.89M	-0.12% -70.41
KMI30	267,375.33 135.18M	-0.39% -1043.48
KMIALLSHR	72,363.20 391.84M	-0.20% -146.78
BKTi	53,485.97 53.11M	0.26% 139.85
OGTi	38,916.61 17.01M	0.72% 278.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,415.00	88,985.00 87,470.00	830.00 0.95%
BRENT CRUDE	66.69	66.78 65.00	1.10 1.68%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.65 -2.96%
ROTTERDAM COAL MONTHLY	99.00	0.00 0.00	0.30 0.30%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	61.72	61.86 60.14	1.09 1.80%
SUGAR #11 WORLD	14.97	14.98 14.74	0.18 1.22%