Suhail Jute Mills struggles to sell land amid KP uncertainties

Suhail Jute Mills Limited has made little headway in selling land to repay creditors, including institutions holding court decrees, according to a progress report published by Mettis Link News. The update covers the quarters ended March 31 and September 30, 2026. The company linked the delay to security conditions and to political and economic instability in Khyber-Pakhtunkhwa, and said those conditions had deteriorated by the time of the September quarter report.

Beyond the land, the company is still trying to dispose of idle assets to clear its obligations to creditors. It also holds assets for sale after Sarhad Textile Mills (Colony) Limited was merged into the company. According to the company's plan, selling those assets would allow operations to restart, while it keeps exploring other ways to raise funds and hopes the uncertainties in the province ease.

The principal sponsors raised their stake and injected funds in both periods to keep the company afloat while it remains non-operational. The amounts added are well above their capital holdings, which the company frames as a commitment to reviving the business. The report adds that the sponsors' support is meant to benefit shareholders, employees and creditors.