Karachi: Idrees Textile Mills Limited has announced a temporary reduction in its operational capacity due to challenging market conditions, as per a formal communication dated May 18, 2026. The company cites high raw material costs, a shortage in local cotton availability, and delays in imported cotton shipments as primary reasons for the decision. The delay in shipments is attributed to ongoing crises in the Middle East.

According to information available from the Pakistan Stock Exchange (PSX), Idrees Textile Mills Limited conveyed that production activities will experience a slowdown, and operational capacity will remain reduced for approximately four weeks starting from May 18, 2026. This adjustment in operations is expected to persist until the arrival of imported cotton consignments and the commencement of the new cotton crop season.

The company expressed its expectation to gradually normalize operations, contingent upon improvements in market conditions and the availability of raw materials. The announcement is in accordance with the Securities Act 2015 and the rules of the Pakistan Stock Exchange, prompting Idrees Textile Mills Limited to notify the TRE Certificate Holders of the Exchange about this development.