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001122334455554433221100

pakistan textile firms face production cuts and asset sales amid economic strain

Pakistan's smaller textile companies are facing significant challenges due to high energy and borrowing costs, leading to production cuts and asset sales. Ghazi Fabrics International Ltd. announced a partial reduction in weaving unit output, while Nazir Cotton Mills Ltd. plans to sell outdated machinery to manage its debt.
bloomberg.com
Ghazi Fabrics International Ltd. Nazir Cotton Mills Ltd. PAK Nazir Cotton Ghazi Fabrics
Finance & Economy, News Article
14:09 29.10.2024
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