KARACHI: Dost Steels Ltd (DSL) has said that it has been unable to resume its commercial operations this year due to insufficient working capital.

In a stock filing on Tuesday, DSL said that despite ongoing efforts, financial constraints have hindered the company’s inability to re-start full-scale production.

“We are actively working to resolve our financial challenges and are currently in discussions with the syndicate of banks to settle outstanding debts,” DSL said, adding that this step is essential to restoring operations and ensuring the company’s future growth.

The company posted a Rs242 million loss in FY24. It was incorporated in Pakistan on March 19, 2004, as a private limited company under the Companies Ordinance 1984 now the Companies Act 2017.

Published in Dawn, January 8th, 2025