ABHI partners with Younus Textile Mills to roll out EWA
With ABHI's EWA solution, Younus Textile Mills employees can instantly access a portion of their earned wages before payday, anytime, anywhere, through the ABHI app or SMS, with funds disbursed in under 30 seconds.
Muhammad Hassan Tabba, CEO, Younus Textile Mills Limited said that Younus Textile Mills believed that empowered employees drive sustainable growth. Partnering with ABHI is another step in our mission to foster a progressive and supportive workplace culture, he added.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
10 hours ago
- Business Recorder
Millat Group of Companies -A Role Model of Success
Introduction Millat Group is Pakistan's leading engineeringconcern in the automobile sector, with a historyspanning over half a century. It comprises fivekey entities: Millat Tractors Limited (MTL),Precision Engineering (MTL – Unit -2), MillatIndustrial Products Limited, Bolan CastingsLimited, and the trading arms TIPEG Intertradeand JLT. Today, the group manufactures internationallyreputed tractors, reliable Diesel Engines,efficient Diesel Generating Sets, and powerfulPrime Movers. Under license from Anhui Heli China, they also produce Forklift portfolio includes Agricultural Implements,precision Gears, durable Batteries and Cells, andessential Automotive Castings. Millat Group alsocustomizes products to meet specific customerrequirements. MillatGrouphasplayedapivotalroleintransferringtechnologyandtransformingPakistan's light engineering sector into a robust,quality-conscious auto vending industry. Theirimpact is clear: Millat Tractors holds over 50 market share, with its flagship MF-240 tractorsachieving over 90% indigenization. This achievementover six decades showcases Millat Group'scommitment to self-reliance. History The history of Millat Group begins with MillatTractors Limited (MTL). Established in 1964 asRana Tractors and Equipment, its initial goal wasto market Massey Ferguson (MF) tractors inPakistan through CBU imports from the UK. Anassembly plant set up in Karachi in 1964 assembledSKD imported tractors. In 1967, this plant wasrelocated to Lahore. Nationalization and New Beginnings In 1972, the company was nationalized underEconomic Reforms Orders and renamed 'MillatTractors Limited.' MTL then assembled andmarketed tractors for the Pakistan TractorCorporation (PTC), a government entity importingCKD tractors. Indigenization: A Milestone forPakistan's Auto Sector A major turning point came in 1980 when thegovernment decided to indigenize tractormanufacturing, entrusting this task to PTC. In1981, PTC transferred this vital role to 1982, MTL took a giant step towards self-relianceby setting up Pakistan's first engine assemblyplant. The company brought high-investment,high-precision manufacturing facilities in-housethat weren't available locally. In 1984, sophisticatedmanufacturing facilities for machiningintricate components were established, a firstfor Pakistan. Today, critical components likeengine blocks, sumps, cylinder heads, transmissioncases, axle housings, hydraulic lift covers,front axle supports, and central housings aresuccessfully machined in-house at MTL fromlocally sourced castings. Privatization: A Unique EmployeeBuyout In 1992, the company was privatized. In a uniquemove for Pakistan, employees joined forces andsuccessfully took over its management by winningan open bid. This employee buyout proved remarkablysuccessful, driven by their strong commitment. Copyright Business Recorder, 2025
Business Recorder
10 hours ago
- Business Recorder
Make in Pakistan: Message from Abbas Akberali Patron-in-Chief, PALSP Chairman, Amreli Steels
A self-reliant Pakistan demands a robust domesticsteel industry. To overcome current challenges, oursector needs urgent support from policymakers,regulators, and financial institutions. We arecommitted to developing indigenous iron oreresources to enhance competitiveness, and with theright support, Pakistan's steel industry cantransform into a leading export sector—fuelinggrowth, creating jobs, and securing long-termnational resilience. Copyright Business Recorder, 2025
Business Recorder
10 hours ago
- Business Recorder
Make in Pakistan: Message from RaheelAsghar Chief Executive Officer Millat Tractors Limited
At Millat Tractors, we embodyPakistan's self-reliance, with 92%locally manufactured tractors—proving our engineering 60%+ market leadershipand 2,000 + units exports to Africa& Middle East each year showcasePakistani innovation meetingglobal demand. By achieving localization tosuch a great extent, we have save and continue to save billionsworth of valuable foreignexchange & reduced importdependency while increasing ourexports. Our development of 500+auto parts local vendors strengthenedthe indigenous industry,creating jobs and skills. We support policies that boostexports and ease business, helpingthe Pakistan become a manufacturinghub. We urge for a 'NationalTractor Policy' to increase farmmechanization levels in Pakistan. As CEO, I take pride inadvancing Pakistan's industrialsovereignty—where quality,innovation, and resilience definesour nation's progress. Together, We Build Pakistan'sFuture. Copyright Business Recorder, 2025
