Fire Breaks Out at Gul Ahmed Textile Mills Warehouse

Gul Ahmed Textile Mills Limited has reported a fire incident at one of its warehouse facilities, according to a notice sent to the Pakistan Stock Exchange (PSX) on Monday. The company stated that the fire affected certain inventories and fixed assets stored at the site. A detailed assessment is underway to determine the extent of the damage and any potential impact on operations. Gul Ahmed confirmed that all affected inventories were fully covered by comprehensive insurance policies. The company is working closely with insurance providers, safety authorities, and other stakeholders to manage the situation and ensure business continuity. Further updates will be provided once the assessment is complete or if any significant developments arise that could affect the company’s operations, financial results, or outlook.