Karachi, Dost Steel Limited has released its quarterly progress report, shedding light on the ongoing efforts to resume commercial operations. The company has been actively seeking a new investor group to join its management team, a move vital for restarting production. However, the company's progress has hit a roadblock as their application for permission from the Securities and Exchange Commission of Pakistan (SECP) remains pending since its submission on April 15, 2022.

The quarterly progress report indicates that Dost Steel Limited plans to approach the SECP in the next fortnight with a resolution proposal to address the concerns raised by CSIL. The company remains optimistic that an amicable resolution can be reached in the coming weeks, allowing for the resumption of commercial operations.