Hira Textiles

THE INVESTORS ARE STRONGLY ADVISED IN THEIR OWN INTEREST TO CAREFULLY READ THE CONTENTS OF THIS PROSPECTUS, ESPECIALLY THE RISK FACTORS GIVEN AT PARA 4.15, BEFORE MAKING ANY INVESTMENT DECISION

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HIRA TEXTILE MILLS LIMITED

PROSPECTUS

For issue of 25,000,000 ordinary shares at an offer price of Rs. 12.5/- per share including a premium of Rs. 2.5/- per share to general public out of a total capital of Rs. 71.520 Million divided into 71,552,000 Ordinary Shares of Rs. 10/- each.

Subscription Dates

From January 9 to 10, 2007

(both days inclusive)

During Banking Hours

Financial Advisors & Arrangers to the Issue:

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|United Bank Ltd. | |

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| |Arif Habib Securities Ltd. |

Underwritten By:

|Aqeel Karim Dhedhi Securities (Pvt.) Limited |Orix Investment Bank Limited |

|Arif Habib Securities Limited |PICIC Commercial Bank Limited |

|Askari Commercial Bank Limited |Saudi Pak Commercial Bank Limited |

|Atlas Bank Limited |Saudi Pak Leasing Limited |

|Bank Alfalah Limited |Security Leasing Corporation Limited |

|Faysal Bank Limited |Trust Leasing and Investment Bank Limited |

|First International Investment Bank Limited |United Bank Limited...