The foundation stone of The Crescent Textile Mills Ltd was laid by Mr Muhammad Shafi on May 01, 1950. Under his leadership Crestex, in1956, started exporting majority of its products to USA, Europe, Middle East, and Japan. After the demise of Mr. Muhammad Shafi, Mr. Muhammad Anwar and Mr. Nasir Shafi took over the charge of Crestex as CEO and DCEO respectively. Progressive and futuristic approach of Mr. Muhammad Anwar and Mr. Nasir Shafi enabled Crestex to become the 1st composite textile company of Pakistan which received the ISO 9002 certification on July 07, 1997. Crestex has also been awarded “Oeko-Tex Standard 100” certification, President of Pakistan Export Trophy for three consecutive years in mid 90s, the Highest Sale of Yarn and Cloth award in 1987-88, 1993-94 and 1994-95, and highest sales of the home textiles award in 2008.The enormous contributions of Mr. Muhammad Anwar toward textile industry has been acknowledged by Pakistan Federation of Chambers of Commerce and Industry in the form of most prestigious award “Businessman of the year” in 1987-88, 1993-94, 1994-95.