The Pakistan Yarn Merchants Association was established in 1960 in pursuance Companies act VII of 1913 (Now Companies Ordinance 1984) and Mr. S. Osman Ali, S.QA, CSP, Secretary to the Ministry of Commerce issued license no.49 on 21 st April 1960.
Certificate of Incorporation was issued on in favour of The Pakistan Yarn Merchants Association under the Companies act VII of 1913 (Now Companies Ordinance 1984) on 24 th November 1960 by Mr. M.Y. Siddiqui, Registrar of Joint Stock Companies, Karachi .
Mr. Ahmed Abdullah
Mr. Ahmad Adaya
Mr. Mohammad Ismail Ahmed
Mr. Suleman Dawood
Mr. Mohammad Siddique
Mr. A. Razzak Aziz
Mr. Zakir Mashhadi
Mr. Noor Mohammad Osman
Mr. Abdul Shakoor Naviwala
Following are the key objectives for which The Pakistan Yarn Merchants Association was established.
1. To protect and promote in Pakistan and elsewhere the interest of merchants and dealers in Yarn of all grades, kinds and descriptions, including Cotton & Mercerised Yarn, Silk & Rayon Yarn, Woolen Yarn, Staple Fibre Yarn and all other Synthetic Yarns and to take all steps, necessary or advisable, for the protection and promotion of the trade in Yarns generally.
2. To create a spirit of co-operation and mutual help amongst the Members of the Association in all problems, which relate to the Yarn trade and to secure wherever possible, organized and/or concerned action on all subjects involving interests of Members.
3. To collect and circulate statistics and other information relating to the import, export or sale of Yarns of all grades, kinds and descriptions, and to print and publish any rate and price circulars, reports, books and leaflets that the Association may think desirable for the promotion of its objects.
4. To consult and communicate with the Federation of Pakistan Chambers of Commerce & Industry, Chamber of Commerce, Associations, and other Mercantile and public bodies in Pakistan and elsewhere and to promote measures for the protection and promotion of interests of trade, commerce and industry and /or persons engaged therein.