Ghazi Fabrics International Limited (PSX: GFIL) says its board has approved the highest bid price of Rs500 million for the sale of an “extra piece of land”, with the company noting that the offer is higher than the property’s assessed market value and was recommended by its audit committee.
While the latest filing did not spell out the location of the parcel, Ghazi Fabrics previously sought (and obtained) shareholder approval to dispose of a sizeable landholding measuring roughly 175 kanal and 10 marla in Mohal Chak No 66 (Dina Nath), Tehsil Pattoki, District Kasur – a location that sits within Punjab’s wider textile-and-logistics belt.
The timeline matters. In mid-2025, the company formally convened an extraordinary general meeting to secure member consent under company law for the Kasur sale property. By January 2026, it was disclosing to the Pakistan Stock Exchange that a top bid had been accepted in principle – suggesting the board has now moved from “permission to sell” to price discovery and execution. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
