Salman Noman Enterprises struggles to resume operations amid litigation

News Image

MG News | July 10, 2023 at 02:47 PM GMT+05:00

July 10, 2023 (MLN): Salman Noman Enterprises Limited (PSX: SANE) unveiled in its progress report that due to the instability and bad political situation the operations of the company are still closed, the company’s filing to the PSX showed today.

“It seems very difficult to start the operations immediately. In spite of all these circumstances our management is actively pursuing different options for revival of the company’s operations,” it added.

The company is in litigation with all the banking companies in the court of law and there are no credit limits available to the company to run its operations again.

However, For the purpose of revival of the business, the company has given an advertisement on June 09, 2023, in the daily “Minute Mirror” to invite investors.

The management of the company is very confident that they will get success to start operations again, and will continue notifying the efforts and developments in the quarterly progress report, the report added.

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 179,442.12
270.27M
0.98%
1749.21
ALLSHR 108,500.47
503.47M
0.91%
973.08
KSE30 53,511.96
95.62M
0.92%
489.08
KMI30 256,509.95
90.35M
0.68%
1720.69
KMIALLSHR 70,508.97
345.16M
0.82%
571.83
BKTi 48,753.42
20.03M
1.64%
786.78
OGTi 37,021.88
3.86M
0.51%
188.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,600.00 63,045.00
62,390.00
235.00
0.38%
BRENT CRUDE 76.02 77.00
75.85
-1.06
-1.38%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 125.90 125.90
125.90
-0.15
-0.12%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 72.24 73.18
72.03
-0.97
-1.33%
SUGAR #11 WORLD 13.94 13.96
13.83
-0.01
-0.07%

Chart of the Day


Latest News
June 24, 2026 at 12:45 PM GMT+05:00

Gold drops to $4,078 on U.S Fed tightening fears


June 24, 2026 at 11:57 AM GMT+05:00

PPL's BLZ project enters execution phase


June 24, 2026 at 11:49 AM GMT+05:00

FBR committee pledges EFS fixes



Top 5 things to watch in this week

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