First of all, I would feel honor to pay my tribute to the Business Leader, S.M. Muneer who left for his eternal abode during the year. His legacy lives in the company he founded and brought Din Textile, where it is today.

During the year under review, there circumstances prevailing at the start of the year were highly challenging and ambiguous, like rising inflation across the globe, political unrest in Pakistan, volatile foreign exchange rates,

Global market crisis due to Ukraine war etc. Apart from above, no clear policy from Government for textile sector was witnessed in shape of; withdrawl / limiting of subsidies for Electric and Gas prices coupled with no clear mechanism for tariffs, discontinuation of long-term financing schemes from new investments, imposition of restrictions on imports of raw material etc. which hindered the operations of textile sectors as whole and resulted in shut down of many textile setups during the year. Keeping in view these matters, we can say that it was much challenging year textile sector has ever witnessed. However, subsequent to year closing, breath of fresh air has been observed and market shown signs of revival mainly due to demand creation for textile products and much better cotton crop of Pakistan.

We at Din Textile Mills Limited always committed to manage the situation and act accordingly for benefit and wealth creation of all the stakeholders. We made modifications to our growth and operational strategies keeping in view the requirements of the time and as a result, we managed to run all of our production facilities efficiently and sailed smoothly during these challenging times. We passed on the impacts for the well-being and growth of employees and other business partners of the organization as well which raises confidence over the company.

We believe that challenges are part of business life cycle and the one who act resiliently during such times, to create a better and bigger tomorrow by acting proactively, forecasting the markets and circumstances, taking accountability of actions and responding to the needs of stakeholders, as we are doing successfully till the day.

We foresee that, market is going to recover in coming days and as per our progressive vision, we are planning for expansion of business and brining new products under the umbrella of Din Textile in terms of vertically integrated textile business concern to reap the benefits available in the market, that are a significant attraction for us.