[3] At least eleven of the Nishat Group's subsidiaries are listed on the Pakistan Stock Exchange.
[4][5] Nishat Group's origins goes back to a leather business in Calcutta, British India, established by Mian Muhammad Yahya.
[6] In January 1995, Nishat Group planned to issue $70 million in global depository receipts (GDRs) through ABN Amro to finance the equity portion of a $216 million greenfield project for Hercules Cement.
[8] The GDR issuance was canceled in February 1995 due to unfavorable international and local market conditions.
[4] In March 2017, it was announced that Nishat Group will setup their first plant in Faisalabad, Pakistan, which will assemble electric cars.