The Competition Commission of Pakistan (CCP) has approved the acquisition of shareholding in Masood Textile Mills Limited by UAE-based Velora Global Ventures F.Z.C., clearing the transaction after a Phase I competition assessment under the Competition Act, 2010.
The transaction involves Velora Global Ventures acquiring shares in Masood Textile Mills from two Chinese companies, Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited.
The CCP’s official merger record lists the transaction under Section 11 of the Competition Act, 2010, with the Phase I review order dated September 11, 2026.
The approval represents another cross-border investment transaction involving Pakistan’s textile sector, one of the country’s major export-oriented industries.
Velora Global Ventures F.Z.C. is registered with the Ajman Free Zone Authority in the United Arab Emirates. The company operates in wholesale trading of textiles and clothing as well as commercial brokerage activities outside Pakistan.
The company is also associated with businesses involved in international textile sourcing and trading. These activities include customer development, sourcing and coordination of orders across international markets.
The shares being acquired are currently held by Shanghai Challenge Textile Company Limited and Zhejiang Xinao Industry Company Limited. The transaction is being carried out under a Share Purchase Agreement.
The CCP’s Phase I review is part of Pakistan’s merger-control framework. Under the Competition Act, transactions meeting the applicable requirements can be reviewed by the Commission to determine whether they could substantially affect competition in the relevant market.
The first-phase review is designed to assess the competitive implications of a proposed merger or acquisition. The Masood Textile Mills transaction has been listed by the CCP among its first-phase merger review orders for September 2026.
Masood Textile Mills is an established Pakistani textile company operating in an industry that plays an important role in the country’s manufacturing and export economy.
Pakistan’s textile industry has extensive links with international buyers and investors, making cross-border ownership and investment an important part of the sector.
The involvement of a UAE-based company in the acquisition also highlights the international nature of textile sourcing and trading networks connecting Pakistan with markets in the Middle East and beyond.
For the UAE-based investor, the acquisition provides an opportunity to increase its involvement in Pakistan’s textile value chain. For the sellers, the transaction involves the transfer of their shareholding under the agreed share purchase arrangement.
The CCP’s role is focused on assessing the competition implications of such transactions rather than determining the commercial strategy of the companies involved.
The Commission has continued to process merger and acquisition applications under Pakistan’s competition framework. Its official records show several first-phase reviews involving acquisitions across different sectors during September 2026.
The Masood Textile Mills transaction therefore adds to a broader series of corporate acquisitions and investments being reviewed by Pakistan’s competition regulator.
Cross-border transactions in the textile sector can also contribute to changes in ownership structures and potentially create new opportunities for international sourcing, investment and market development.
As the transaction moves forward, the companies involved will remain responsible for completing the applicable corporate and regulatory requirements associated with the share acquisition.
The CCP approval marks the completion of the Commission’s Phase I competition review for the transaction, according to its official merger records.
The development is likely to attract attention from Pakistan’s textile industry, investors and businesses monitoring foreign investment and corporate activity in the country’s manufacturing sector.
