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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 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.
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.
Gul Ahmed began trading in textiles in the early 20th century. [1] In 1953, Gul Ahmed Textile Mills Limited was incorporated as a privately limited company. [1] In 1970, it was listed on the Karachi Stock Exchange. [5] The Ideas retail outlet at the Atrium Mall on Zaibunnisa Street in Saddar, Karachi
Lawrencepur Woolen & Textile Mills Limited, merged into Dawood Lawrencepur Limited [7] [9] Memon Cooperative Bank, it was founded in 1958 by Dawood family as an intra-caste credit bank for Memon community. [12] [10] The bank had a paid-up capital of Rs. 1 million and was nationalised in 1974. [11] [8]
The commerce and industry in Karachi represents major economic activities in Pakistan. Pakistan ranks 40 among the countries of the world in nominal GDP, and number 55 in the world in factory output. Pakistan's industrial sector accounts for about 24% of GDP. Industry is the production of goods or services within an economy. [1]
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] Mian Muhammad Mansha, a business tycoon and one of the richest man in Pakistan, [4] is the most famous personality in this industry.
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]