Crescent Fibres Limited (CFL) has announced a temporary suspension of operations at its spinning unit in Nooriabad, Sindh, due to ongoing market challenges, as disclosed in a notice to the Pakistan Stock Exchange (PSX). While the Nooriabad unit has halted production, operations at the Bhikki unit in Punjab continue unaffected. The company stated that management is assessing strategic options to resume operations and restore profitability.
Founded in 1977, CFL manufactures and sells yarn but has struggled with declining performance. In the first quarter of FY26, the company’s revenue dropped by 34.64% to Rs1,011 million, while gross profits turned into a Rs7.96 million loss compared to a profit of Rs19.9 million in the same period last year. Operating losses surged by 130.73% to Rs37.64 million.
The broader textile sector in Pakistan, a key source of export earnings, is also facing a downturn. Data from the Pakistan Bureau of Statistics shows a 0.15% contraction in textile output during July–August FY26 compared to the same period last year, reflecting ongoing challenges in the country’s industrial and export landscape.
