During the year under review, the World’s as well as Pakistan’s economy faced many uncertainties, which made it a challenging task to achieve the goals and targets set for the year. Nevertheless, foreseen risks due to COVID-19 were identified and mitigation actions planned and taken to combat the risks and instead make a benefit and advantage out of the prevailing situations all over the World. Due to complex nature of multiple uncertainties and interactions between those, a smart and active look into business and overall economy was must, which we did in order to go thorough the situation favorably. In general, the team on the grounds managed to evaluate and address the risks continuously with intelligence, which made the organization to emerge from the challenges on a winning note.
As the challenges in the current business environment are constantly evolving, we at DTML (Din Textile Mills Ltd.) are committed to endeavor to grow financially and create value for all our stakeholders. Being a purpose-driven organization, wherein, sustainability and growth resides at the core of our vision, values and corporate culture, we have taken a new business approach by incorporating the well-being of our employees, communities and the environment by acknowledging the ever-changing scenarios and showing resilience for making a growth in future for all.
We believe that we can create a better and bigger tomorrow by acting responsibly, taking accountability for our actions and responding to the needs of stakeholders connected with the Company such as communities, suppliers, and other stakeholders. Sustainable business growth requires us to make more from less which can be achieved only if governance, strategy, and sustainability go hand in hand.
As the world continues to battle with the pandemic, Regardless, DTML continues with expansion projects to reach its target of becoming Leading in Textile Industry. The ongoing expansion and BMR in Existing Spinning division, the Company has also Set up a state-of-the-art new weaving unit which commenced operations in February 2021 to obtain a distinctive position in the fabric industry.