KARACHI: Maqbool Textile Mills Limited has announced plans to lease out one of its production units as part of a broader strategy to optimize the utilization of its assets and strengthen its operational efficiency. The decision was approved by the company’s Board of Directors during a meeting held on July 10, 2026.
According to the company’s material information disclosure submitted in compliance with the Securities Act, 2015, and Pakistan Stock Exchange regulations, the Board approved the proposal to lease Unit No. 3, located on Rajana Road, Pir Mahal, District Toba Tek Singh.
The Board also finalized the key terms and conditions of the lease agreement and authorized Mr. Tanvir Ahmad Sheikh, Director and Chairman, along with Mr. Anis Ahmad Sheikh, Director, to negotiate, execute, and sign the lease agreement and all related documents on behalf of the company as the lessor.
Maqbool Textile Mills stated that the lease transaction is expected to improve the utilization of the company’s assets while supporting its operational and financial objectives. The company added that any further details required under applicable laws and regulatory requirements will be disclosed in due course.
The move reflects the company’s focus on enhancing asset efficiency and creating value through the strategic deployment of underutilized resources, aligning with its long-term business objectives.
