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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 city of New Bedford, Massachusetts once had about 70 textile mills, operated by 28 establishments with over 3.7 million spindles at its peak around 1920, and was among the leading cotton textile centers in the United States during the early 20th century. There are currently about 18 mills left in the city. [1]
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]
In 2004, the company employed 23,000 workers and exported 46,000 tons of cotton yarn, 150 million square meters of fabric, and 5 million garments annually. [10] In 2005, it employed 26,000 workers, and company facilities included 8 spinning mills, 10 weaving factories, processing units and labs, and recreational centers. [11]
Ruyi Masood Textile Park is an integrated industrial-textile park located in M-3 Industrial Estate in Faisalabad, Punjab province of Pakistan. [1] [2] References
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