<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Biafo Industries Limited (BIFO), founded in 1988, is a
leading Pakistani manufacturer of high-quality commercial explosives, including
water gel and powder explosives, as well as blasting accessories for mining,
seismic exploration, and presplitting applications.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">During FY24, the Company achieved net sales revenue of PKR
2,405Mn, compared to PKR 2,713Mn in the previous year (11.4%YoY decrease).
Revenue decreased because of challenging economic conditions like rising
inflation, reduced mining and construction activities, and delays in
infrastructure projects, which adversely impacted demand for commercial
explosives.</span></li></ul><ul><li><span sty...
