Fazal Textile Mills Ltd. (FTML) is located in the city Karachi and was taken over by the Yunus Brothers group in March 1987. Yunus Brothers took over FTML when it was a closed down unit since 1984 due to heavy losses. The new Management of FTML took prompt and comprehensive actions to revitalize the unit by discarding the old machinery and imported and installed the latest machinery within a year time. Only in 4 years time FTML got positive results, and in the year 1991 the new management cleared the deficit of previous years and got a net profit. At present total installed Spindles in FTML is 60,000.