KARACHI: Fateh Sports Wear Limited has announced its ongoing efforts to secure the release of a frozen $2.00 million, which is anticipated to facilitate the resumption of its operational activities. The announcement was made on July 6, 2026, following a correspondence from the Pakistan Stock Exchange (PSX) dated July 2, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the management of Fateh Sports Wear Limited is actively working on vacating a stay order that has hindered the availability of essential funds. The company's operations have been on hold due to the lack of working capital, but management is optimistic about a swift return to production once the stay order is lifted.

In the interim, Fateh Sports Wear Limited has devised a marketing strategy aimed at penetrating international markets. The company is currently in the process of establishing connections with potential buyers to secure export orders. Management remains hopeful that with the release of the blocked funds, they will be able to reinstate production activities promptly.

To comply with the listing regulations of the Exchange, Fateh Sports Wear Limited has committed to submitting further progress reports by the 15th day of each quarter's end.