Saif Textile Mills Limited has informed Pakistan Stock exchange (PSX) on 07 April that it has resumed its operation at Industrial Estate Gadoon Amazai, Swabi, in KPK.

According to a company notice from Company’s’ Secretary Sajjad Hussain, the Provincial Government has allowed the textile companies to resume their operations. So, in light of such permission, the Company has partially resumed its production activities/ operations.

The Company will inform the exchange as soon as its production activities/operations are fully resumed.

Earlier, the Company had temporarily suspended its operation vid its letter no. STML/PSX/03-2020 dated March 30, 2020.

Saif Textile Mills Ltd (STM), a Public Listed Company on the Karachi Stock Exchange commenced commercial production on 1st January 1992. It is principally engaged in the manufacture & sale of Compact Cotton & Synthetic Yarn

It has largest installation of Rieter Com4 Spinning K–44 ring frames for manufacturing Compact Yarn, and is a pioneer in the manufacture of premium yarns for the Italian luxury shirting sector.

Its existing production capacity is 5500 Ton/annum, which we are going to increase by 70% with German & Italian technology.