Lahore: Khalid Siraj Textile Mills Ltd, a company listed on the Pakistan Stock Exchange, announced the suspension of its mill operations for the quarter ending June 30, 2026. The company attributed the halt to ongoing economic instability, which includes high input costs, elevated power tariffs, low demand, and overall market uncertainty, rendering their operations economically unfeasible.

According to the company's progress report dated July 2, 2026, the management is actively monitoring the economic situation and is committed to exploring all possible avenues for the revival of their operations once the economic landscape stabilizes. The company has pledged to continue updating stakeholders on their efforts and developments through regular quarterly progress reports.

The textile sector, a key component of the designated market category, has been grappling with financial pressures, which are reflected in Khalid Siraj Textile Mills Ltd's decision. According to information available from the Pakistan Stock Exchange (PSX), the company's recent challenges highlight the broader economic difficulties faced by the industry.

The management remains optimistic about resuming operations, emphasizing their dedication to adapting to changing economic conditions and ensuring the company's viability in the long term.