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The group also had investments in East Pakistan prior to the independence of Bangladesh, including Nishat Jute Mills, Qadiryah Textile Mills, Telgin Cotton Mills, and Chemical Industries of Pakistan. [6] Nishat Jute Mills was acquired by the group from the Pakistan Industrial Development Corporation in East Pakistan. [7]
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
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Nishat Mills Limited was founded in 1951 by Mian Muhammad Yahya, Mian Hameed, Mian Rafiq, and Mian Ayub. [5] The name "Nishat" was pre-assigned to the textile license they acquired and was not chosen by the founders. [5] In 1995, Raza Textiles merged with its sister company, Umer Fabrics, which was later merged into Nishat Mills in 2004. [6]
Saif Textile Mills Limited, with installed capacity of 88,476 spindles is located at Gadoon Amazai in the Swabi district, Khyber Pakhtunkhwa, Saif Textile Mills is a public traded company which is headquartered in Rawalpindi and majority owned by Saif Group.
Political instability in East Pakistan led the family to move to Karachi in 1970, where they acquired the Sapphire Textile Mill in Kotri, Sindh, in 1971, and later used it as the group identity. [4] In 2003, Sapphire made an equity investment of Rs300 million in the unlisted associated company, Sapphire Finishing Mills Limited. [5]
The All Pakistan Textile Mills Association (APTMA) is an association for Textile industry in Pakistan.APTMA represents over 400 textile mills in Pakistan. [2]The textile industry is Pakistan's largest industry and textile is the most important export of Pakistan. [3]
Chenab Limited, commonly known as Chenab Group (Urdu: چناب گروپ), is a Pakistani textile company based in Faisalabad. [ 1 ] [ 2 ] It was one of the largest exporters of home textile products from Pakistan before its default in 2013.