Board of Directors meeting of Ghazi Fabrics International Limited

Karachi, Ghazi Fabrics International Limited informed Pakistan Stock Exchange that Board of Directors meeting of the Company will be held on April 25, 2019 at Lahore. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2019.

Further, the company has declared the closed period from April 18, 2019 to April 25, 2019.

“Ghazi Fabrics International Limited was set up as a vertically composite unit as the first of its kind and scale in Pakistan.

Over the years, they have established our “PANTHER” brand as a top quality yarn in the Far East and European markets. They produce A-grade PC (Poly Cotton) and CVC (Chief Value Cotton) yarns throughout the year in different blend ratios. They can produce carded as well as combed yarns, both for weaving and hosiery.

They have also been experimenting with different fibers such as modal, acrylic and nylon from time to time and have conducted extensive sampling for our buyers.

They also produce core-spun yarns using lycra for our own weaving mill. Over the years they have carried out a very aggressive BMR (Balancing, Modernization and Replacement) programme and have replaced a lot of crucial spinning machinery with latest state-of-the-art technology from Schlafhorst, RIETER, MURATA and CROSROL. They believe that the only way they can maintain a competitive edge is by modernizing our facilities constantly and keeping ourselves up to date with the latest technology.

In our weaving mill, they have replaced all our old PICANOL machines with brand new TOYOTA machines, which run at high speeds and give us a wide range of weavability and choice.

The symbol “GFIL” is being used by the stock exchange for the shares of Ghazi Fabrics International Limited.”

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