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The textile industry is Pakistan's largest manufacturing sector, employing nearly 25 million people. [1] [2] As the eighth largest exporter of textile commodities in Asia, the industry contributes 8.5% to the country's Gross domestic product. [3] It accounts for about 45% of the total labor force and 38% of manufacturing workers.
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The textile industry is Pakistan's largest industry and textile is the most important export of Pakistan. [3] Mian Muhammad Mansha , a business tycoon and one of the richest man in Pakistan , [ 4 ] is the most famous personality in this industry.
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. [11]
Masood Textile Mills was founded in 1984. In 2014 it posted a pre-tax profit of Rs 1.1 billion, which was 13% higher than its pre-tax earnings in the preceding year. Shanghai Challenge Textile Company acquired 24.3% shares in Masood Textile Mills in a privately negotiated deal. [2] [3] It later acquired 52% stake of the company. [4]
Gul Ahmed Textile Mills Limited (Urdu pronunciation: [ɡʊl ɑːˈɦ.məd] gull ah-MED) is a Pakistani textile company which manufactures and sells clothing through a chain of retail outlets under the name 'Ideas by Gul Ahmed'.
Burewala Textile Mills, acquired in 1957 from Pakistan Industrial Development Corporation and later merged into Dawood Lawrencepur Limited in 2004 [6] [7] Central Insurance Company, now known as Cyan Limited [8] [9] Dawood Mines, it was established with a paid-up capital of Rs. 0.5 million and was involved in coal mining [10] [11]
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