SANE ends business operations on huge losses

January 12, 2022 (MLN): Salman Noman Enterprises (PSX: SANE) has closed its operations due to huge losses, the company said in its progress report, issued on Wednesday.

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

However, the management of the company is continuously making their efforts to start the operations and continue to notify the developments in the quarterly progress report, it added.

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