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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]
Shahid Nazir, Pakistani businessman, CEO of Masood Textile Mills [13] Abdul Rashid Soorty, Pakistani businessman, owner of Soorty Enterprise [13] Shahzeb Budhani, Pakistani Business tycoon, CEO of Real State development of Pakistan [13] Panama. Ramón Fonseca Mora, co-founder of law firm Mossack Fonseca which is central to the investigation [229]
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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]
The textile and apparel industry is the major industry in Faisalabad. It is also responsible for almost 60-80% of the export revenue [ citation needed ] of Pakistan. The Faisalabad Chamber of Commerce and Industry (FCCI) and Pakistan Hosiery Manufacturers Association (PHMA) are the regulatory bodies for all textile and apparel manufacturers in ...
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International Textile Group (ITG) was a diversified fabric maker. The company was founded in Greensboro, North Carolina by Wilbur Ross and was sold to Platinum Equity in 2016, leading to a headquarters move from Greensboro to Beverly Hills, California .