Karachi: A company's management has announced an extension in the suspension of its production activities due to a continued decline in customer orders. This decision follows an earlier notice of temporary suspension initially scheduled from April 28, 2025, to May 09, 2025. The new suspension period will now last until May 23, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the company had previously communicated the temporary halt in operations through a disclosure dated April 25, 2025. The decision to prolong the suspension is based on ongoing challenges in order intake, which have shown no signs of improvement since the initial announcement.

The company's management has emphasized the importance of informing the certificate holders of the exchange about the updated suspension period. This move is in compliance with the provisions of clause 5.6.1 (a) of the Rule Book of Pakistan Stock Exchange Limited, as well as Section 96 and 131 of the Securities Act, 2015.

The production halt is expected to persist until May 23, 2025, unless market conditions experience a favorable change that would warrant a resumption of activities. The company has not provided further details on the specific impact of the suspension on its financial performance or workforce.

Stakeholders within the designated market category continue to monitor the situation closely, awaiting any further updates from the company regarding its operational status.