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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.
The Pakistan Textile City, situated in Karachi, Sindh, is an industrial zone dedicated to textile processing and related industries. Established in 2009, it spans 1,250 acres, [ 1 ] and is strategically located within the North Western Industrial Zone of Port Qasim , just 6 km from the N-5 National Highway .
The cotton and textile industries play a dominant role in exports; [14] cotton accounts for 55 percent of the country's export earnings, and Pakistan has a 14% share of the world's cloth exports. [2] The European Union (EU) granted Generalized System of Preferences "Plus" status to Pakistan in 2013, which has promoted textile exports to the EU. [9]
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]
Valika Textile Mills was the first to locate here in 1947 and the founder of Pakistan Muhammad Ali Jinnah was asked to lay the foundation stone of it. [3] One of the international companies, for example, located at SITE Karachi is Exide Pakistan Limited which manufactures and markets automotive batteries. [6]
Sindh Industrial Trading Estate (SITE) is located in Karachi, Sindh, Pakistan. Designated as an industrial area in 1963, S.I.T.E is the oldest and the largest designated industrial area of Pakistan, encompassing 9,700 acres (19 km 2) of land. It contains approximately 2,400 factories.
The group dates back to pre-Partition India. Founded by a Memon family, Gul Ahmed began trading in textiles in the early 20th century. [1]In 1953, the group decided to enter the field of manufacturing under the name Gul Ahmed Textile Mills Limited, and was incorporated as a privately limited company.
Pages in category "Textile companies of Pakistan" The following 6 pages are in this category, out of 6 total. This list may not reflect recent changes. C.