A Canadian Pakistani has acquired Canada largest yarn distribution company namely Diamond Yarn of Canada. Diamond Yarn of Canada dominates in the Canadian yarn market and presently operating two large warehouses in Toronto and Montreal. This acquisition was backed by two large Canadian financial institutions through financing.

This acquisition was lead and arrange by Amjad Moin (Tito) and negotiation for this acquisition was took place in three continents. Pakistani exporters believed that this acquisition will support the Pakistani yarn exporter to penetrate in North American Markets.

Copyright Business Recorder, 2015