Karachi: Fateh Sports Wear Limited has reported ongoing efforts to secure the release of $2.00 million currently held up, which is essential for the resumption of its operational activities. This information was disclosed in the company's quarterly progress report dated April 9, 2025.

The management is actively working towards the vacation of a stay order that has resulted in the funds being inaccessible. The company expressed optimism that the stay order will be vacated soon, enabling them to continue operations without further delay.

According to information available from the Pakistan Stock Exchange (PSX), the company has also already devised a marketing strategy aimed at penetrating the international market. The management has initiated contact with potential buyers to secure export orders, indicating a strategic shift towards global expansion.

Fateh Sports Wear Limited remains hopeful that the release of the funds will provide the necessary working capital to restart production activities promptly. The company's proactive approach in developing a marketing strategy and engaging with international buyers reflects its commitment to reviving and growing its business operations.