Ravi Textile Mills fails to obtain the leased cotton factory due to ongoing pandemic

07:49
April 9, 2020
MG

April 9, 2020 (MLN): Ravi Textile Mills has informed the members of PSX that it has not obtained the cotton ginning factory as part of the lease agreement, due to the prevailing situation as a result of Coronavirus pandemic disease (COVID-19).

To recall, the Board of Directors of the company, in their meeting held on October 8, 2019, had approved to obtain a cotton ginning factory in Basti Mithu, Tehsil Shujaabad, District Multan on lease.

Hence, lease agreement with Ali Cotton Industries has been signed and refundable/adjustable security deposit of Rs. 1 million has been made to the lessor.

The cotton ginning factory was to be handed over to the company on or before March 31, 2020 in time to make necessary repairs and maintenance for commencement of cotton ginning operations from the start of cotton ginning season commencing September 2020.

The company is continuing to monitor the situation and shall take appropriate steps in due course of time.

Copyright Mettis Link News

Posted on: 2020-04-09T12:49:00+05:00

34058

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PairID	Symbol	Bid	Ask	High	Low	Update
1	PKR	278.40000	278.50000	278.50000	278.40000	03:02 PM
2	EUR	1.06464	1.06466	1.06466	1.06464	02:45 PM
3	GBP	1.24400	1.24406	1.24406	1.24400	02:45 PM
4	CHF	0.91180	0.91220	0.91220	0.91180	02:45 PM
5	JPY	154.55400	154.56500	154.56500	154.55400	02:45 PM
6	CAD	1.37712	1.37717	1.37717	1.37712	02:45 PM
7	AUD	0.64216	0.64220	0.64220	0.64216	02:45 PM
8	INR	83.59920	83.60230	83.60230	83.59920	02:44 PM
9	SAR	3.75110	3.75130	3.75130	3.75110	11:45 PM
10	AED	3.67240	3.67270	3.67270	3.67240	11:45 PM
11	HKD	7.83150	7.83160	7.83160	7.83150	02:45 PM
12	CNH	7.25013	7.25073	7.25073	7.25013	02:45 PM
13	CNY	7.23840	7.23930	7.23930	7.23840	11:51 PM
14	THB	36.77900	36.89900	36.89900	36.77900	02:45 PM
15	MYR	4.78950	4.79450	4.79450	4.78950	11:31 AM
16	IDR	16,213.00000	16,219.70000	16,219.70000	16,213.00000	02:44 PM
17	SGD	1.36204	1.36219	1.36219	1.36204	02:45 PM
18	NZD	0.59037	0.59043	0.59043	0.59037	02:45 PM
19	MXN	17.06890	17.07390	17.07390	17.06890	02:45 PM
20	TRY	32.51500	32.52500	32.52500	32.51500	02:45 PM
21	SEK	10.95500	10.95810	10.95807	10.95496	02:45 PM
22	ZAR	19.16140	19.19290	19.19290	19.16140	02:45 PM
23	NOK	11.04950	11.05420	11.05424	11.04954	02:45 PM
24	DKK	7.00781	7.00837	7.00837	7.00781	02:45 PM
25	ARS	869.74900	869.75900	869.75910	869.74910	02:44 PM
26	BDT	108.05800	111.43000	111.42956	108.05773	07:19 AM
27	BHD	0.37699	0.37704	0.37704	0.37699	10:30 PM
28	BRL	5.24960	5.25260	5.25260	5.24960	02:45 PM
29	KRW	1,380.02000	1,382.02000	1,382.02000	1,380.02000	02:45 PM
30	KWD	0.30807	0.30867	0.30867	0.30807	10:07 PM
31	LKR	297.95700	304.51400	304.51357	297.95723	07:19 AM
32	OMR	0.38494	0.38509	0.38509	0.38494	08:17 PM
33	QAR	3.64550	3.64850	3.64850	3.64550	11:44 PM
34	RUB	94.14000	94.16000	94.16000	94.14000	11:31 AM
35	AFN	71.00000	73.00000	73.00000	71.00000	01:39 PM
36	AZN	1.70000	1.70000	1.70000	1.70000	06:42 AM
37	TMT	3.36000	3.65000	3.65000	3.36000	11:31 AM
38	MVR	15.25000	15.65000	15.65000	15.25000	11:30 AM
39	UZS	12,655.00000	12,705.00000	12,705.00000	12,655.00000	11:31 AM
40	PHP	57.29400	57.36600	57.36600	57.29400	02:44 PM
42	NGN	1,145.27000	1,146.27000	1,146.27000	1,145.27000	11:31 AM
43	KES	131.00000	133.00000	133.00000	131.00000	11:30 AM
44	AMD	394.07000	394.07000	394.07000	394.07000	08:07 AM
45	TWD	32.48000	32.51000	32.51000	32.48000	02:45 PM
46	XAU	2,382.22000	2,382.45000	2,382.45000	2,382.22000	02:44 PM
47	XAG	28.28430	28.29180	28.29180	28.28430	02:44 PM
48	XPT	940.90000	942.40000	942.40000	940.90000	11:45 PM
49	XPD	1,023.25000	1,028.25000	1,028.25000	1,023.25000	11:45 PM
2,120	VES	36.19820	36.28900	36.28895	36.19818	11:31 AM
2,212	UGX	3,766.45000	3,850.73000	3,850.72810	3,766.44660	07:19 AM
2,213	TZS	2,579.99000	2,580.01000	2,580.01500	2,579.98500	07:48 AM

Data is delayed by 20 minutes

EQUITY

Name	High	Current	Low	Change	% Change	Volume	Value	DateTime
KSE100	70,645.30	70,290.119	69,783.32	-43.199	-0.061	237,694,811.0	11,463,504,265.170	18/04/2024 04:13 PM
ALLSHR	46,417.10	46,207.855	45,927.10	-25.142	-0.054	440,121,509.0	24,355,862,169.420	18/04/2024 04:13 PM
KSE30	23,225.12	23,093.810	22,904.89	-26.776	-0.116	98,900,681.0	9,116,464,844.550	18/04/2024 04:13 PM
KMI30	118,354.77	117,354.600	116,464.95	-245.338	-0.209	149,225,217.0	8,668,512,964.260	18/04/2024 04:13 PM
KMIALLSHR	32,968.78	32,723.866	32,557.70	-28.234	-0.086	281,881,154.0	20,769,541,762.000	18/04/2024 04:13 PM
BKTi	17,793.43	17,582.049	17,476.13	-169.939	-0.957	18,567,387.0	2,410,715,151.990	18/04/2024 04:13 PM
OGTi	16,667.42	16,459.940	16,334.74	-2.499	-0.015	12,106,369.0	1,792,912,599.580	18/04/2024 04:13 PM

Data is delayed by 20 minutes

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Name	Symbol	Last	High	Low	Change
BITCOIN FUTURES	BTC	63,175.0	64,390.0	61,005.0	2,045.00
BRENT CRUDE	EB	87.1	87.8	86.1	-0.21
RICHARDS BAY COAL MONTHLY	EF	105.5	0.0	0.0	-5.20
ROTTERDAM COAL MONTHLY	ET	120.0	120.0	119.1	-0.35
USD RBD PALM OLEIN	POL	832.5	832.5	832.5	0.00
CRUDE OIL – WTI	QCL	82.1	82.8	81.1	-0.09
SUGAR #11 WORLD	SB	19.6	19.7	19.2	0.29

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