Karachi: A new valuation report for Dost Steels Limited, a prominent industrial property located at 52-Km Multan Road, Phool Nagar Bye Pass, has been submitted by K.G. Traders, detailing an updated present market value of PKR 8.12 billion.
The valuation process initiated by the new management of Dost Steels involved a detailed survey of the property, which includes land, buildings, plant, machinery, and equipment. The survey, conducted on July 18, 2024, aimed to assess and evaluate the present market and forced sale values of the assets. According to information available from the Pakistan Stock Exchange (PSX), this assessment aligns with the management’s ongoing efforts to devise a new business plan for the company.
The property, spread across 326 Kanal and 12 Marla, with a total covered area of approximately 223,553 square feet, was evaluated based on various factors including the information furnished by the owner’s representative, Mr. Shahid, and the prevailing condition and location of the property. The assessed forced sale value of the property stands at PKR 6.17 billion.
This valuation report, which is for personal use and not valid for any financial institution or court of law, has been circulated among the Certificate Holders of the Exchange as part of the management’s transparency efforts towards its stakeholders.