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As Bengali nationalism grew, the family decided to invest in West Pakistan and established a spinning mill in Bahawalpur in 1966. [4] 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]
The Pakistan Textile City, situated in Karachi, Sindh, is an industrial zone dedicated to textile processing and related industries. Established in 2009, it spans 1,250 acres, [ 1 ] and is strategically located within the North Western Industrial Zone of Port Qasim , just 6 km from the N-5 National Highway .
Chittagong Colony (Urdu: چٹگاؤں کالونی, Bengali: চিটাগাং কলোনি) is a neighbourhood in Karachi, Sindh, Pakistan. The name comes probably because people of Chittagong origin might have settled there first. [1] Mostly Bangladeshi things dominate this, which is part of S.I.T.E. Town in the west of the city.
In recent years, Pakistan has faced competition from regional players including Bangladesh, India and Vietnam. In the past decade, Pakistan's share in global textile market decreased to 1.7 percent from 2.2 percent, Bangladesh saw an increase from 1.9 to 3.3 percent and India from 3.4 to 4.7 percent. Barriers to growth include:
Although there was concern, noted in an IMF report, that the WTO's Multi Fibre Arrangement, the Agreement on Textiles and Clothing (ATC), phase-out would shut down the textile and clothing (T&C) industry, [48] the Bangladesh textile sector actually grew tremendously after 2004 and reached an export turnover of US$10.7 billion in FY 2007 ...
The Sindh Industrial & Trading Estate was established in 1947 and has grown into the largest industrial area in Pakistan with more than 2,000 industrial units on 4,500 acres (18 km 2) of land west of the Lyari River. The estate benefits from the proximity of the Port of Karachi and various roads linking to the rest of Pakistan. The town grew up ...
In 1965, Y. M. Khan became the first Pakistani chairman of ICI Pakistan at the age of 38. [3] During Khan's leadership, ICI Pakistan focused on industrial expansion, establishing a textile auxiliaries plant in Karachi, a pharmaceutical factory in Narayanganj in East Pakistan, and acquired the Fuller Paints factory in Lahore which was later renamed as Paintex.
Khan was the Minister of Industries in the government of Pakistan from 1958 to 1962. [7] In the 1950s, Khan expanded into jute, insurance, textile, tannery, heavy industries, shipping, irrigation, and plywood. [6] After the death of Khan in 1991, A. M. Zahiruddin Khan took over the management of A K Khan & Company. [8]