Dost Steels Limited (PSX: DSL) on January 6, 2025, said it has so far failed to resume operations this year due to low working capital and other financial constraints.
“Unfortunately, the company has been unable to resume its commercial operations this year due to insufficient working capital. Despite ongoing efforts, financial constraints have hindered our ability to restart full-scale production,” the company said in a stock filing.
“We are actively working to resolve our financial challenges and are currently in discussions with the syndicate of banks to settle outstanding debts. This step is essential to restoring operations and ensuring the company’s future growth,” the filing added.
The principal business of the company includes the manufacturing of steel, direct reduced iron, sponge iron, hot briquetted iron, carbon steel, pig iron, and special alloy steel in different forms, shapes and sizes, and any other product that can be manufactured within the existing facilities.
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