The Board of Directors of Premium Textile Mills Limited (PSX: PRET), through Circular Resolution dated December 8, 2025, has approved the formation of a wholly owned subsidiary in the UAE.
PRET’s scrip has so far gone up Rs. 19.79 or 4.71 percent with a valuation of Rs. 440.
The principal activity of the company is to manufacture and sell cotton and Polyester Yarn, and, from next year, the company’s plan is to manufacture and sell Socks under the Company’s diversification plan.