Karachi: Nazir Cotton Mills Ltd. has confirmed its strategic shift towards expanding its dairy business, following the cessation of its textile operations two decades ago. The announcement was made in the company's progress report for the quarter ending June 30, 2026, and was officially disclosed on July 14, 2026.

The report, which was issued in response to a query from the Pakistan Stock Exchange (PSX), clarifies that Nazir Cotton Mills Ltd. has not been engaged in textile operations since 2006. Instead, the company is focusing its efforts on the dairy sector, with plans to enhance this segment contingent upon the availability of funds.

"According to information available from the Pakistan Stock Exchange (PSX)," the company reiterated its commitment to the dairy business, emphasizing its objective to allocate resources effectively to support this transition. The shift marks a significant change in the company's operational strategy as it seeks to capitalize on opportunities within the dairy industry.

The progress report underscores the company's efforts to adapt to market demands and ensure compliance with regulatory requirements. Nazir Cotton Mills Ltd. expressed confidence that the disclosed information meets the necessary standards set by the exchange.