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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]
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 ]
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Pakistan State Oil: Rs. 206.89 billion (US$720 million) Karachi: Petroleum [2] 17: Standard Chartered Pakistan: Rs. 205.19 billion (US$710 million) Karachi: Banking [2] 18: Systems Limited: Rs. 181.10 billion (US$630 million) Lahore: Information technology [2] 19: Pakistan Oilfields Limited: Rs. 179.29 billion (US$620 million) Rawalpindi ...
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]
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]
Monnoo had become highly influential in the textile sector in Pakistan, becoming the president of Monnoo Group, which owns nearly 20 mills in Faisalabad and other locations in Pakistan and had served as chairman of the APTMA (All Pakistan Textile Mills Association) and was the founding member of Lahore Chamber of Commerce and Industry. [2]
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 ...