Bannu Woollen Mills Limited Announces Extension of Production Process Closure.

Karachi -- Bannu Woollen Mills Limited has disclosed material information regarding the extension of the closure of its production process. The company has stated that due to the current economic situation and its impact on the ability of banks to open letters of credit (LCs) for importing raw materials, it is unable to continue with its production activities.

As a result, the company has decided to extend the temporary shutdown/closure of its production activities from May 6th, 2023, to May 12th, 2023. This decision has been taken to ensure...