D.M. Textile Mills Appeals for Support Amid Challenging Economic Conditions

Karachi, D.M. Textile Mills Limited, in its quarterly progress report, highlights the ongoing challenges faced by the company amidst the deteriorating economic and political situation. Despite the unfavorable circumstances, the company remains committed to utilizing its available resources effectively.

One notable achievement for D.M. Textile Mills Limited is the successful repayment of all its long-term liabilities to the banks, which is a significant milestone. However, the company is currently facing financial constraints, with limited income to cover day-to-day expenses. The management acknowledges the need for a supportive business environment to revive the company’s operations.

Expressing concerns over the placement of the company on the “defaulter segment,” D.M. Textile Mills Limited appeals to the Pakistan Stock Exchange (PSX) for assistance. They emphasize the negative impact of such a classification on their ongoing challenges and request the PSX to remove their name from the Defaulter Segment.

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