Saif Textile responds to rumored halt production

MG News | January 03, 2023 at 01:23 PM GMT+05:00

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January 03, 2023 (MLN): The Saif Textile Mills Limited (SAIF) has clarified the false news about complete shutdown of operation by the company which is circulating on social media platform, the notice issued by company to PSX on Tuesday showed.

The company informed that all plants are operational and presently employs more than 2,500 employees.

All the stakeholders of the company are hereby informed not to be misled by such false and concocted information.

Further company added, “The company reserves its right to initiate legal proceedings against such unscrupulous elements/propagandists."

At the time of writing, the scrip of the company is being traded at Rs11.11, which is up by 36 paisa (3.35% DoD).

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