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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]
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'. [3] [4]
In 2003, Sapphire made an equity investment of Rs300 million in the unlisted associated company, Sapphire Finishing Mills Limited. [5] In 2009, Sapphire invested 980,000 Danish krone in Beirholms Sapphire A/S, a company registered in Denmark. [6] In 2014, the retail division of the company, Sapphire Retail, was founded by Nabeel Abdullah. [7]
Those who came to Canada from Pakistan via East Africa or the Gulf are more likely to be involved in business. A number of Pakistani Canadians are also traders and are primarily involved in exporting and importing goods to and from Pakistan. A number of Pakistani-Canadian businessmen and companies have participated in this development. [36]
The company was converted into public limited company on July 18, 2008 from being private limited. In March 2019, Interloop raised more than 5 billion pkr through Pakistan's largest private sector IPO, placing it amongst the top 50 companies listed on the Pakistan Stock Exchange by market capitalization. [3] [6] [7] [8]
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]
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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