Nishat Mills Limited (Urdu pronunciation: [niːˈʃaːt] nee-SHAHT) is a Pakistani textile company based in Lahore.^[2] It produces yarn, linen, and other products made from raw cotton and synthetic fibers.^[3] It is one of the largest textile companies of Pakistan.^[4]

Nishat Mills Limited was founded in 1951 by Mian Muhammad Yahya, Mian Hameed, Mian Rafiq, and Mian Ayub.^[5] The name "Nishat" was pre-assigned to the textile license they acquired and was not chosen by the founders.^[5]

In 1995, Raza Textiles merged with its sister company, Umer Fabrics, which was later merged into Nishat Mills in 2004.^[6] Two years later, in 1997, Nishat Fabrics and Nishat Tek were amalgamated into Nishat Mills.^[7]

In May 2009, Nishat Apparel Limited was merged to Nishat Mills.^[8]

In January 2023, Nishat acquired Wernerfelt A/S, a company based in Denmark, from Lars Lauridsen Holding ApS.^[9]

In September 2024, Nishat sold its shareholding in Nishat Hospitality, established subsidiaries in the United Kingdom and Turkey, and opened a liaison office in Bangladesh.^[10][11]

Nishat Power Limited was incorporated in February 2007 as an independent power producer.^[12] It is a subsidiary of Nishat Mills Limited, which holds a 51 percent ownership stake.^[13]

Nishat Power commenced commercial operations on June 9, 2010.^[12] The power plant, supplied by Wärtsilä, is located near Kasur District in Punjab and operates using residual furnace oil, with a gross generation capacity of 200 MW.^[13][14] For the first five years, the operation and maintenance of the plant were handled by Wärtsilä, which later trained local staff to manage it in-house.^[15]

In 2009, Nishat Power Limited was listed on the Karachi Stock Exchange.^[16][17]

Under the power purchase agreement (PPA) signed with NTDC in 2007, Nishat Power received a tariff of 12.1253 U.S. cents per kilowatt-hour (kWh).^[13][18] The duration of the PPA was twenty-five years.^[13] Also, it had signed a ten-year fuel supply agreement with Shell Pakistan.^[13] The original PPA was signed by the Government of Pakistan with the sovereign guarantee and it offered 15 percent return on equity with United States dollar indexation.^[19] However, in August 2020, PPA was revised by the government and US dollar indexation was removed.^[19]

Nishat Linen was founded in 1989 by Naz Mansha, the wife of Pakistani businessman, Mian Muhammad Mansha.^[20][21][22]

In 1989, Nishat Linen established a factory.^[23] In 1994, the first retail store of Nishat was opened.^[23]

Nishat Linen also operates franchises of Inglot Cosmetics and Swarovski in Pakistan.^[23]