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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]
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]
Saigol, anticipating the division and independence of British India, moved his assets to Lahore in the early 1940s. After the independence of Pakistan in 1947, with the help of his younger brothers Yousuf and Bashir, he set up their first textile spinning mill in Lyallpur (now called Faisalabad ) in 1949. [ 3 ]
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]
Following the success of the Pakistan Movement and the subsequent partition of British India in 1947, Lahore was declared the capital of Pakistan's Punjab province. Located in central-eastern Punjab, along the River Ravi, it is the largest Punjabi-speaking city in the world. Lahore exerts a strong cultural and political influence over Pakistan ...
Nishat Group (Urdu pronunciation: [niːˈʃaːt] nee-SHAHT) is a group of companies headquartered in Lahore, Pakistan. [1] [2] It was founded by in 1951. Mian Muhammad Mansha is the current chairman of the group. [3] At least eleven of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange. [4] [5]
Lāhor (لاهور), also known as Little Lahore (Pashto: وړوکی لاهور, Urdu: چھوٹا لاہور), previously known as Salatura (سلاطوره), is a town within the Swabi District of Khyber Pakhtunkhwa, Pakistan. The town serves as the headquarters of the Lahor Tehsil and is administratively subdivided into two union councils. [1]
Pakistan and its two largest city economies. Source: [1] As of 2019, Lahore had an estimated GDP of $84 billion. [2] [3] As of 2008, the city's gross domestic product (GDP) by purchasing power parity (PPP) was estimated at $40 billion (projected to be $102 billion by the year 2025, with a slightly higher growth rate of 5.6% per annum, as compared to Karachi's 5.5%).