Gul Ahmed Warehouse Fire: Insured Assets, Assessment On

KARACHI: Gul Ahmed Textile Mills Limited has alerted the Pakistan Stock Exchange (PSX) to a raging fire that erupted at its Landhi warehouse, scorching inventories and fixed assets, as disclosed in a Tuesday filing.

The blaze ravaged the facility, prompting an immediate "detailed assessment" to gauge damage scope and operational fallout.

In a reassuring nod to shareholders, the textile powerhouse affirmed that affected stocks are "fully insured" under comprehensive policies, shielding from catastrophic financial hit.

"The Company is intensely coordinating with insurers, safety authorities, and stakeholders to master the crisis and sustain business momentum," declared Company Secretary Salim Ghaffar in the notice.