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Pakistan's Robber Barons

Nishat Saigol Crescent  Dewan Ittefaq
Chakwal Saphire/Gulistan  Habib GulAhmed/Al-karam  Packages
Atlas Hashwani Dawood Bibojees / Saifullah Monnoo
Fecto Lakson Fateh Bawany Sargodha 
Alnoor Ghulam Farooq Ibrahim Schon United
Rupali Dadabhoy Colony Shahnawaz Premier
Umer Fazal / Fatima Calico Jehangir Elahi Adamjee
Tawakkal  Kassim Dada Kohistan

Nishat

Nishat is Pakistan's biggest industrial and financial conglomerate controlling assets worth Rs 192 billion and its Chairman, Mian Mohammad Mansha Yahya represented on the board of 45 companies is undisputedly Pakistan's richest individual.

Mian Mansha has catapulated to the top of Pakistan's richest families from the 15th position in 1970 and 6th in 1990 because of combination of factors like his marriage to Naz, daughter of Yusuf Saigol, a lot of luck and bit of politics under Nawaz Sharif.

" Investing in the shares of Muslim Commercial Bank (MCB) has been one of my biggest business slip ups. In hind sight, I should have never invested in this bank", Mansha told Ayesha Haroon of daily, The Nation, Islamabad when asked to comment on the general perception that MCB was privatized to him and his associates because of his friendship with Nawaz Sharif.

Windmills of God work in strange ways. In 1948 when Mansha's father Mian Mohammad Yahya and his three brothers incorporated a partnership concern, it was called Nishat Corporation after Nishat Haroon, the three year old grandson of Mian Mohammad Yaqub, eldest of the four brothers. The child who gave his name to the group has disappered in thin air and Mian Mohammad Mansha, Chairman Nishat Group is today on top of Pakistan's corporate world, boastfully accustomed to buying his casual outfit from Harbe Frog on Bond Street, shoes enevitably from Gucci, cardigons and overcoates from Burbery's.

Mansha was the only son of Mian Mohammad Yahya whose death in 1968 forced him to give up studies in UK to return home since several of his cousins, Abdul Aziz, Aftab Iqbal and Mian Mohammad Farooq were already entrenched in the family business. Nishat Haroon was born to Mian Farooq who was married to the daughter of Mian Fazal Rehman of United Textiel Mills, Multan.

Like several other Chinioti businessmen, Mian Yahya had a leather business in Calcutta, India before moving to Pakistan in 1947 and it was perhaps in Calcutta that he developed friendship with Yusuf Saigol that led to the marriage of Mansha and Naz Saigol sometimes around 1970.

In 1970, Nishat comprised 6 units in West Paksitan, namely Nishat Corporation, Nishat Sarhad Textile, Nishat Textile Mills, Faisalabad, Nishat Chemical Industries and Nishat Agencies, Kotri and Karimi Industries, Nowshera.

The units in East Pakistan included Nishat Jute Mills, Qadaria Textile Mills, Tangail Cotton Mills and Chemical Industries of Pakistan. The business in East Pakistan was headed by Aftab Iqbal, one of several cousins of Mian Mansha whose where abouts are not known today.

It is popular saying among the present day residents of Chiniot that the goddess of wealth is in love with the Chiniotis. But Mansha is perhaps being loved by both the goddess of love and lady luck since he has narrowly escaped the misfortunes that were the lot of the bulk of Pakistani Industrialists in 1970.

When divisions of Nishat group assets took place in 1969, Mansha bargained for Nishat Mills at Faisalabad for which he had to pay an additional amounts to his uncles but this saved him from losses in East Pakitan that became the lot of his uncles. Karimi Industries, Nowshera of Nishat group was nationalized and its nationalization is cited to argue that Bhutto's nationalization was an act of victimizing the opponents because it was too small to be nationalized. But loss suffered in Karimi Industries also came to lot of his uncles.

" I have had many lucky breaks. Luck has always been on my side. New projects just crop up before I have stopped doing the old ones", Mansha told Mahmood Awan of daily The Nation in 1990.

Mansha's rise begin in 1991 when within six week of coming into power Nawaz Sharif sold MCB to National group of 12 leading industrial families headed by him. The formation of National group itself was big strategic stroke of Mian Mansha against future reprisal by any govt since it would instantly alienate 12 leading industrial families of Pakistan.

According to group profile, Nishat comprised of five companies with assets worth Rs 2,480 millions in 1990 with plans for four new companies. Listed comapnies included Nishat Mills, Omer Fabrics and Raza Textiles while the only unlisted company was General Stitching company. Mansha had said in interview with Mahmood Awan that "for long-term investments, he had his eyes set on the food processing industry" but the privatization of Nawaz Sharif opened new doors for him and his dream to venture into food processing industry has not materialized to date. Instead, Mansha, his relativess and business associates emerged as the biggest beneficiary of the privatization under taken by Nawaz Sharif, ending up with five cement factories and a bank. Mansha claimed in a talk over telephone with the author that MCB helped the Employee Buyout of Millat tractors from the Privatization Commission.

Nishat currently comprises of 21 companies including 13 listed companies with manufacturing assets of nearly 27 billion and three of Mansha's close relatives, Saigols, Jehangir Elahi and S M Saleem of United Bank among the top 45 industrial families in Pakistan. Mansha has a daughter and two sons.

Nishat Group Companies

S. No Name Assets Turn over in Million Rs.
1 Nishat Mills 9,236 6,748
2 Raza Textiles 302 421
3 Omer Fabrics 854 629
4 Nishat Chunian 910 663
5 Nishat Tek 986 236
6 General Stitiching 78 68
7 D G Khan Cement 7,775 1,547
8 Maple Leaf Cement 6,686 1,030
9 Nishat Fabrics - -
10 Gener Tech 963 225
Financial Assets
S. NO Name  Assets
11 Muslim Commercial Bank 163,325
12 Fidelity Investment Bank 1,502
13 Fidelty Leasing 318
  Total Financaial Assets 165,145
Unlisted Companies

1- Nishat Finishing Mills

2- Nishat Capital Management

3-Trust Management Services

4-Chunian Fibre

5-Nishat Europe

6-Newbery Mansha

7-Maple Leaf Electric Company

8-D G Khan Electric Company

Top of page

The Saigols

Wealth by itself is a curse.
Yusuf Saigol, The Friday Times 20.5.93.
The Saigols moderately describe themselves as " an erstwhile family of traders " but they are Pakistan's Tatas and Birlas and have remained Pakistan's wealthiest industrial clan for last five decades despite the fluctuations in their fortunes and a brief interlude (1972-77) during which they tried their luck in Saudi Arabia.

" The first LC for a textile mills at the State Bank in independent Pakistan was opened for Kohinoor Textile Mills" set up at an esteemed cost of Rs 8 million in 1948, Nasim Saigol said in an interview with the author.

Amin Saigol, the founder of Saigol dynasty hailed from village Khotian, now Saigolabad in Jehlum and had migrated to Calcutta in 1890 where he started a shoe shop which led tho Bihar Rubber Works in 1938, later christened as Koh-i-Noor Rubber Works. It was one of the biggest rubber manufacturing concerns of pre-partitioned India.

Amin Saigol had four sons, of which three- Yusuf Saigol, Bashir Saigol and Sayed Saigol migrated to Pakistan in August 1947 but fourth Gul Saigol stayed back in India taking care of the leftover business until it was expropriated by Indian govt, as enemy property in the 1965 war.

The Saigols have grown with country, setting up factory after factory, industry after industry. Their biggest project was Kala Shah Kaku Chemical Complex near Lahore which comprised five units namely Kohinoor Rayan Ltd, United Chemicals, Insecticides (Pakistan) Ltd, Kohinoor Oil Mills Ltd and Kohinoor Engineering Ltd. Starting with a textile mills in 1947, in less than two decades, they had their fingers in almost every business in Pakistan ranging from chemicals, synthetic fibres, cooking oil, sugar, engineering, construction and banking.

The Saigols launched United Bank in 1959 and when nationalized in 1974 it had 668 domestic and 31 overseas branches. All the five units of Kala Shah Kaku Complex were nationalized in 1971 and according to Nasim Saigol, the family lost 70% of its assets in Bhutto's nationalization.

Only textile wing escaped nationalization but as Pakistan People's Party manifesto had envisaged the nationalization of big textile units also, no new investment was made in the textile industries during the six years of Bhutto rule.

Like many other Pakistani industrialists, the Saigols lived out the Bhutto era abroad, in Saudi Arabia where they launched Conforce Construction Company in collaboration with Germany's Veba Group who is said to have put up nearly 100 million dollars for trading in cement and other construction material in the Gulf countries. The management was entirely left with Saigols but the partnership quickly fell through and the Saigols were put through the legal grinder.

In 1976 Saigols decided to split, apparently as a part of the strategy to spread the eggs in many baskets. The assets that had escaped nationalization comprising of textile mills at Faisalabad, Rawalpindi and Quetta, sugar mills at Jauharabad, Conforce Limited and Saigol Brothers limited were divided among 15 male descendants of the founding fathers.

The Saigols are currently operating in three distinct groups headed by Nasim Saigol, Tariq Saeed Saigol and Rafiq Saigol.

Yusuf Saigol who founded Kohinoor Textile Mills and United Bank Ltd was the moving force behind the Saigol dynasty. Like John D Rockfeller who had six children , he had a big family, six sons and two daughters. Sons are Mohammad Rafiq, Mohammad Shafiq, Nasim, Javed, Azam and Aftab Saigol. One of the daughters Naz was married to Mian Mansha and the second to a cousin.

Bashir Saigol was assigned the managing directorship of Kohinoor Textile Mills, Rawalpindi and Conforce Limited. He is survived by son Iqbal Saigol, who heads his own small group. After the division of the family silver, KTM Rawalpindi came to the lot of Tariq Saeed Saigol who is now heading his own Kohinoor group.

Saigol group headed by Nasim Saigol is perhpas Pakistan's biggest group in engineering goods industry with projects on the anvil for a car assembly plant with Daewoo and motorcycle assembly plant with Qingqi group of China. It is also the biggest manufacturer of air conditioners, deep freezers and electric good supplied to WAPDA.

Nasim Saigol group

S.No  Name Assets Turnover
1 Kohinoor Indurties 2,428 2,265
2 Azam Textile 407 462
3 Saritow Spinning 333 183
4 Pak Electron 1,589 1,309
5 PEL Appliances 349 360
6 Kohinoor Power 614 243
7 Kohinoor Energy - -
  Total 5,720 4,822
Financial Assets
8 Union Bank 8,832
9 Union Leasing 172
  Total 9,004
Farooq Saigol Group
S. No Name Assets Turnover
1 Mohib Textile 3,206 1,429
2 Kohinoor Sugar 811 308
3 Mohib Exports 714 651
4 Kohinoor Edible Oil  639 897
5 Security Safe Deposits - -
  Manufacturing Assets 5,370 3,797
Tariq Saeed Saigol
S. No Name Assets Turnover
1 Kohinoor Textile 1,843 1,078
2 Kohinoor Gujar Khan 372 418
3 Samin Textile 587 728
4 Kohinoor Raiwind 653 578
5 Kohinoor Weaving Ltd - -
6 Kohinoor Genertech - -
  Total Assets 3,455 2,802
Iqbal Saigol
S. No Name Assets Turnover
1 Kohinoor Looms 296 211
2 Saitex Spinning 157 183
3 Sally Textile 204 249
  Total 657 643
Unlisted Companies

Nasim Saigol

  1. Saigol Computers (Pvt) Ltd
  2. Saritow Pakistan Ltd
  3. Conforce International
  4. Saigols (Pvt) Ltd
  5. Saigol Textile Mills Ltd
  6. Alpha Textile
  7. Summit Textile Mills
  8. Saigol Estate (Pvt) Ltd
  9. Smartelle Fabrics
  10. Packing Industries (Pvt) Ltd
  11. PEL-DAEWOO Electronics Ltd
  12. Kohinoor Motor Works
  13. Kohinoor England
Farooq Saigol
  1. Mohib Fabrics Industries Ltd
  2. Regent Knitwear (Pvt) Ltd
  3. Regent Spinning Mills (Pvt) Ltd
  4. Regent Marketing International Ltd
  5. Regent Dying and Finishing Mills (Pvt) Ltd
  6. Kohinoor Trading Company
  7. Mohib Weaving Mills (Pvt) Ltd
  8. Kohinoor Technical and Management Services (Pvt) Ltd
  9. Purjosh Kissan (Pvt) Ltd
  10. Regent Power Generation (Pvt) Ltd
  11. Workforce (Pvt) Ltd
  12. Kohinoor Consultants (Pvt) Ltd
  13. Conforce Overseas (Pvt) Ltd
  14. Kohinoor Engineering (Pvt) Ltd
  15. Regent Cotton Industries
  16. Regent Fibres
  17. Regent Gineries (Pvt) Ltd
  18. Regent Printing (Pvt) Ltd
  19. Lease Pak Ltd
  20. Oilman Ltd
  21. Regent Cement Ltd
Tariq Saeed Saigol
  1. Armani Textil
  2. Zimpez (Pvt) Ltd
  3. Maple Leaf Electric Company                               Top of Page

Crescent

"The people who care for the people"

It was in early 1910 that Shams Din of Chiniot and his four sons, Fazal Karim, Mohammad Amin, Mohammad Bashir and Mohammad Shafi set up a small tannery at Amritsar in India. By the time Pakistan was born, they had offices at Madarass, Jalandhar, Calcatta and Delhi.

After the birth of Pakistan, three of the four brothers returned to native land and in 1951, incorporated a trading company namely Mohammad Amin, Mohammad Bashir Ltd for export of Cotton and imports. Bashir settled in Karachi, Amin managed the operations from Lahore and Shafi worked in a ginning factory in Sargodha. According to Emma Duncan, in " Breaking the Curfew", Crescent family was alloted an industrial unit sprawling over 125 acres in Faisalabad, in lieu of the property left over in India, which was to become the spring board of their growth and diversification.

By mid 1960s Fazal Karim also returned to Pakistan and the four brothers fondly known in the business community, as the " The gang of four" soon became Pakistan's biggest textile exporters. They were also joined in the business by their two cousins. Crescent, today has the largest number of listed companies (22) in its fold with assets exceeding Rs 10 billion. It is the soundest, if not the largest industrial conglomerate in Pakistan and last of the 22 families which has remained united through thick and thin, the best and the worst times for big business in Pakistan during last 50 years. Presided over by eldest member of the family, Mazhar Karim, the group has twenty working members and can be truely called a joint venture of uncles, cousins and nephews.

In a communication to the author in 1993, the group maintained that " there has been no split whatseoever and Crescent group exists in the same shape as it has always been since its inception" but there are recent indications that for administrative convenience rather than for some other reason the group has been subdivided.

Crescent has the slogan of " the people who care peopel" and belongs to the enterprising Chinioti community who have the general reputation of never transferring their money abroad. Crescent particularly has the reputation of being truly rooted and entrenched in the Pakistani Soil and is considered to be a conscientious tax payers.

An article in Weekly Friday Times in the first week of April 1993 described Crescent as " one of the oldest, largest and most distinguished business concerns in Pakistan, an exemplary tax payers and investors of every penny earned back into their business of the home country".

Crescent lost its shipping line with two vessels, Shams and Karim in Bhutto's nationalization and although Crescent Investment Bank was first private sector bank to start operations in 1990 and had set up a seperate division to take part in privatization, it did not bid for any unit during Nawaz Sharif's privatization. However it registered one of highest growth rate during Nawaz era and launched a large no of new companies particularly Modarba and leasing companies during 1990-93.

Crescent Listed Companies

S no  Name  Assests  Turnover 
1 Crescent Textile 3,159 894
2 Crescent Spinning 582 209
3 Shams Textile 556 592
4 Elite Textile 161 297
5 Crescot Mills 122 324
6 Jubilee Spinning 680 322
7 Surraj Cotton 458 533
8 Crescent Steel 676 760
9 Crescent Jute 1,007 672
10 Shakarganj Sugar 1,630 1,090
11 Crescent Board 605 457
12 Crescent Sugar 950 958
  Total 10,568 7,108
Financial Companies
S.No Companies Assets
13 Crescent Bank 6,558
14 Premier Insurance 333
15 First Crescent Modarba 473
16 First Elite Capital Modarba 155
17 First Equity Modarba 355
18 Crescent Leasing Corporation 250
19 Paksitan Industrial Leasing Corporation 4,202
20 Trust Investment Bank -
  Total Financial Assets 12,353
Unlisted Companies
  1. Sargodha Cotton Fabrics (Pvt) Ltd
  2. Crescent Software
  3. Crescent Knitwear
  4. Shams Fabrics
  5. Crescent Trading Corporation
  6. Crescent Group Services (Pvt) Ltd
  7. Crescent Modarba Management Services
  8. Tex Mac Services
  9. Crescent Management Services
  10. Crescent Power Plant Limited
  11. World Class Textile Mills
  12. Jhang Electric Supply Corporation
  13. Crescent Greenwood
  14. Shams Food Products Ltd
  15. Ujala Cotton Mills
  16. Crescent Factories Ltd
  17. Karachi Bulk Storage and Terminal Ltd
  18. Mohammad Amin and Mohammad Bashir Ltd
  19. Shakarganj Mills Ltd
  20. Shams Woolen Mills
  21. Crescent Power Tch Ltd
  22. Pir Mohammad Associates
  23. Crescent Marketing Services (Pvt) Ltd
  24. Crescent Industrial Chemicals
  25. International Housing Finanace Ltd                   Top of Page

Dewan

Listed Companies
S. NO Names  Assets  Turnover
1 Dewan Textile 1,008 1,646
2 Dewan Mushtaq 268 270
3 Dewan Khalid 506 538
4 Dewan Sugar 708 1,055
5 Ishtiaq Textile 204 155
6 Dewan Salman Fibre 7,419 6,219
  Total Manufacturing Assets 10,113 9,883
Financial Companies

7- Metropolitan Bank ( With Gul Ahmad)

Unlisted Companies

  1. Dewan Mushtaq Sons
  2. Dewan Steel Mills                                                       Top of Page

The House of Ittefaq

Ittefaq means unity and it was an appropriate name when Mian Mohammad Sharif, father of Prime Minister Nawaz Sharif and his six brothers founded Ittefaq foundry in 1939. The House of Ittefaq, the industrial conglomerate of Prime Minister Nawaz Sharif's family is not unity anymore and 119 offspring's siblings and spouses of the seven founding brothers are currently battling in courts for the division of the assets of the Ittefaq group.

The House of Ittefaq claims to have lost an industrial unit in East Pakistan, besides losing Ittefaq foundry to Bhutto;s nationalization. In the aftermath of nationalization Mian Mohammad Sharif tried luck in UAE where he set up a steel re-rolling mills. He is reported to have told his family that while leaving for UAE that he would not return till the mill was ready. The factory was therefore, completed on time but proved too taxing for aging Mian Sharif in an unfamiliar enviroment and therefore, he returned after operating it for about a year or two.

Lady luck smiled on the Sharif family when in late 1970's General Zia ul Haq returned them Ittefaq foundry and Nawaz Sharif was appointed finance minister in the Punjab cabinet. By that time the House of Ittefaq comprised of following five enterprises.

  1. Ittefaq Textile
  2. Nawaz Shahbaz Enterprise
  3. Jawaid-Pervaiz Enterprise
  4. Ittefaq Brothers (Pvt) Ltd
  5. Khalid Siraj Industries (Pvt) Ltd
New industrial units were set up with electrifying speed in the 1980's while Nawaz Sharif was the finance minister and later chief minister of Punjab. Ittefaq Sugar Mills was set up in 1982, Brothers steel in 1983, Brother's Textile Mills in 1986, Ittefaq Textile units in 2-3 in 1987, Khalid Siraj Textile Mills in 1988.

During first Benazir govt when Nawaz Sharif was the uncrowned King of the powerful Punjab province, the group started work on Brothers Sugar Mills and Ramzan Sugar Mills which turned out to be the last project set up under the banner of Ittefaq. As soon as Nawaz Sharif became Prime Minister in 1990, Mian Mohammad Sharif switched over to setting up projects independent of the other partners, thus laying the grounds for split.

It was said that when Nawaz Sharif became prime minister, the group took a decision to secure project loans from the foreign banks and only working capital was taken from the nationalized commercial banks. The project financing from foreign banks was ostensibly secured against the foreing currency deposits, a number of which were held in benamee accounts, as repeatedly claimed by Interior Minister Naseer Ullah Babar at his press conferences.

At a press conference in Islamabad, on August 3, 1989 Shahbaz Sharif was gave the assets of the group at Rs 3.6 billion, but the report of the Cooperative Scam Tribunal estimated the group assets in 1989, according to their own declaration at Rs 6 billion.

In 1992 when Salman Taseer, Information Secretary, PPP released an account of Nawaz govt's corruption in a booklet "The Plunder of Pakistan" a spokesman of House of Ittefaq said in a counter statement that the group has incurred loans worth Rs 4,420 million only from the commercial banks contrary to Salman Taseer 's claim of Rs 12 billion. According to the spokesman, the group comprised of only 14 companies in its fold with assets of 6 billion.

H U Beg Committee, set up by Nawaz govt in 1990 to investigate the allegations of concentration of wealth had identified 19 companies in the House of Ittefaq with assets worth Rs 10 billion and for the purpose of ranking in this book. I have relied on the estimates of the H U Beg Committee. However at a press conference in Islamabad, on March 2, 1994, Khalid Siraj, a cousin of prime minister claimed that the assets of the seven brothers were valued at Rs 21 billion.

The units in Ittefaq as identified by H U Beg Committee included three listed companies, 12 unlisted public companies and 4 private limited companies.

The Friday Time issue of April 25, 1997 reported that the Sharif group of Mian Mohammad Sharif has started work on Kashmir Sugar Mills and Bashir Sugar Mills for which it was seeking hefty loans from commercial banks. Work is also in progress over a sprawling New Sharif Medical City, opposite the big residential farm of the Sharif family on the Rai Wind Road. The group is also working on Yousaf Aziz Sugar Mills at Kasur and another at Shah Kot.

According to agreement reached in Lahore High Court by members of the family sometimes in 1996, the House of Ittefaq has split in two groups. The first comprised of the families of Mian Mohammad Sharif, Mohammad Shafi, Barkat Ali, Yousaf Aziz and Idrees Bashir while the second group comprised of the families of Meraj Din and Siraj Din. Members of the Ittefaq group are currently operating in three groups namely Sharif Group, Ittefaq Group and Haseeb Waqas Group. The three groups have only four companies listed on the KSE.

Listed companies

S. No  Names  Assets  Turnover
1 Ittefaq Textile Mills - -
2 Brothers Textile Mills 262 -
3 Khalid Siraj Textile Mills 228 239
4 Haseeb Waqas Sugar 1,163 901

Sharif Group

  1. Ittefaq Textile
  2. Mehran Ramzan Textile
  3. Brothers Textile Mills
  4. Ramzan Baksh Textile Mills
  5. Mohammad Baksh Textile Mills
  6. Hamza Spinning Mills
  7. Ittefaq Sugar Mills
  8. Ramzan Sugar Mills
  9. Chaudri Sugar Mills
  10. Ittefaq Foundry (Pvt) Ltd
  11. Brothers Steel Mills
  12. Ittefaq Brothers (Pvt) Ltd
  13. Ilyas Enterprise
  14. Hudaibiya Paper Mills
  15. Hamza Board Mills
  16. Hudabia Engineering
  17. Khalid Siraj Industries
  18. Ali Haroon Textile Mills
  19. Hanif Siraj Textile Mills
  20. Farooq Barkat (Pvt) Ltd
  21. Abdul Aziz Textile Mills
  22. Barkat Textile Mills
  23. Sandalbar Textile Mills
  24. Haseeb Waqas Rice Mills
  25. Sardar Board and Paper Mills
  26. Model Trading House (Pvt) Ltd

Haseeb Waqas Group

  1. Haseeb Waqas Sugar Mills
  2. Haseeb Waqas Engineering
  3. Haseeb Waqas Farms Ltd
  4. Haseeb Waqas Rice Mills Ltd
Source: Assets declared by Nawaz Sharif in the 1997 elections. H U Beg Committee and list of units in the Ittefaq group provided by Khalid Siraj at his press conference on March 2,1994.
Top of Page

Chakwal

The founders of Chakwal group migrated to West Pakistan in 1971 from East Pakistan and set up Chakwal Textile Mills at Chakwal, a small city in Northern Punjab near Rawalpindi. Today it has grown into multlimillion rupees conglomerate owning and operating at least 15 companies including several textile mills, a privatized cement plant, a polyester fibre plant and Commercial Bank, Fidelity Investment Bank and Trust Leasing.

According to Business Recorder of February 8, 1998 the group was facing fraud charges in the Special court of crimes in Banking Circle, Karachi for defrauding National Investment Turst (NIT) to the tune of Rs 288 million by showing inflated value of Chakwal Cement to get NIT units. Khawaja Mohammad Javed is the chairman of the group and is related by marriage to Mian Mohammad Mansha and Tariq Saeed Saigol.

Listed Companies

S. No  Company  Assets Turnover
1 Amin Spinning Mills 280 201
2 Kohinoor Spinning 1,232 799
3 Chakwal Spinning 731 103
4 Yousaf Weaving 1,052 961
5 Dandot (Chakwal) Cement  1,297 762
6 Dhan Fibre    
7 Kohinoor Fibre    
  Total 4,592 3,026
Financial Assets

8-Platinum Bank 5,530

  Unlisted Companies

  1. Kashmir Textile
  2. Kohinoor Minerals (Pvt) Ltd
  3. Naveed Industries (Pvt) Ltd
  4. Chakwal Textile
  5. Chakwal Electric Supply CO
  6. Chakwal Power CO
  7. J M Knits (Pvt) Ltd
  8. Y W M (Spinning units) Ltd                   Top of Page

Saphire/ Gulistan

Listed companies
 
S No  Name  Assets  Turnover
1 SaphireTextile 1,791 3,416
2 Saphire Fibre 1,223 1,830
3 Appolo Textile 295 363
4 Gulistan Textile 1,852 1,340
5 Paramount Textile 584 441
6 Gulshan Spinning 1,090 820
7 Gulistan Weaving 377 334
8 Reliance Cotton 371 360
  Total Financial Assets 7,583 8,904

Unlisted companies

  1. Amer Cotton Mills (Pvt) Ltd
  2. Amer Fabrics Ltd
  3. Neelum Textile Mills
  4. Gulistan Fabrics Ltd
  5. Diamond Fabrics                                  Top of Page

Habib

THE HOUSE THAT BUILT HABIB

" In Pakistan who has the money to buy Habib Bank, but the House of Habib", the representative of Habib group told reporters at the Privatization Commission in Islamabad in 1992 before submitting bid for the privatization of Habib Bank. The boast was justified but uncharacteristic of the Habib family which is known to make conscious efforts to appear small and stay out of the limelight by " hiding the light under the bush in the religious belief that to win the pleasure of Allah is worth infinitely more than to seek the plaudits of the public".

Habibs have spread their wealth over a large number of private and public companies and a profile of Rafiq Habib in Economic Review, Novemer 1984 (P 59) said that Habib group had 90 companies it its fold. I could identify only half of them.

The history of House of Habib goes back to middle of the last century when Esmail Ali of Jam Nagar, India set up a small utensil factory in Bombay. A son born to him in 1878 was given the name Habib who was to found the dynasty of House of Habib. Habib Ismaeel lost his father at an early age and circumstances forced him to join the business of his uncle-Cassum Mohammad, owner of Khoja Mithabai Nathoo, merchant and manufacturer of copper and brass utensils. It was because of his association with Mithabai Nathoo that Habib Ismaeel came to be known as Seth Habib Mitha.

The House of Habib hold many distinctions in Pakistan's history. Habib Bank was shifted to Pakistan on the personal bidding of Quaid-e-Azam Mohammad Ali Jinnah and came to the help of the nascent state " even before the Govt of Pakistan was ready to issue appropriate govt paper", with a Rs 80 million loan when the Rserve Bank of India failed to deliver Pakistan share of Rs 750 million held by it. It is said that Mohammad Ali Habib had presented a blank cheque on Llyod Bank to Quaid-e-Azam who wrote Rs 80 million in it. (An article in Habib Bank Golden Jubilee Presentation and a letter to the Editor in daily Dawn, September 11, 1991).

The Habib family is known to have set up offices in Vienna and Geneva as early as 1912 and incorporated Habib and Sons in 1921 which was dealing in brass, metal scraps and gold with " Lion of Ali " embossed on it which is till today the insignia of the Habib Bank.

Habib Bank was incorporated in 1941, as First Muslim Bank in India and was using its own assayed gold medallions. It is said that Mohammad Ali Habib ensured that these medallions were purer than the assayed stamp showed there were stories of customers finding out that the medallions were worth more the bargain.

Seth Habib had four sons and Aziz Haji Dossa, a reader of daily Dawn recalled in a letter to the editor on September 11, 1991 that " I used to watch the four sons of Habib Seth, namely Mohammad Ali, Ahmad, Dawood and Ghulam Ali drive every morning sharp at nine o'clock wearing silk yellow Sherwanies and caps, parking their cars in front of the Mohammad Shah Pir Graveyard and standing in line offering Fateha".

Mohammad Ali Habib who founded Habib Bank on August 7, 1941 had four sons, Suleman, Habib, Rafiq and Hyder and it is the group headed by Rafiq M Habib which is today known as House of Habib. The second group comprised sons of late Rashid D Habib but A G Zurich Bank incorporated as Habib Bank Ltd in Geneva, in 1967, is a joint venture of all Habibians and in keeping with the family traditions is still issuing its own gold medallion embossed with the Lion of Ali.

The group headed by Rafiq Habib is using five stars and holy Kalma as its insignia while Rashid Habib group is using lion and Sword of Ali as its insignia.

Rafiq M Habib grou

S No  Name  Assets  Turnover
1 Thal Jute Mills 354 448
2 Pak Jute and Synthetics  112 181
3 Pak Paper Sack 428 827
4 Shabbir Tiles 180 216
5 Dyno Pakistan 272 234
6 Indus Motors 2,318 4,722
7 Gypsum Corporation - -
8 Baluchistan Foundary - -
9 A U Vitronics 125 182
10 Agri Autos 313 248
11 Baluchistan Concrete - -
  Total Manufacturing Assets 5,707 7,058
Financial Companies
12 First Habib Modaraba
13 Habib A G Zurich
Rashid D Habib
14 Habib Sugar  833 876 
15 Habib RKD 326 403
16 Baluchistan Particles  146 104
17 Habib Insurance 199 -
18 Baluchistan Glass Particles  379 183
19 Habib General Limited - -
20 Baluchistan Concrete and Block Works  - -
21 Hydri Construction 22 -
  Total Manufacturing Assets 1,905 1,566
Financial Companies
22 Bank Al-Habib 4,657
Unlisted Companies

Rafiq M Habib

  1. Visionate (pvt) Ltd
  2. Hi-Tech Medial Group
  3. Noble (pvt) Ltd
  4. Thermax Pak Ltd
  5. Cisum Music (pvt) Ltd
  6. Rythem Recording (pvt) Ltd
  7. Baluchista Laminate
  8. Rapid (pvt) Ltd
  9. Computers (pvt) Products Corp
  10. Noble Computer Services (pvt) Ltd
  11. Kraft Pac (pvt) Ltd
  12. Tractable Khaleej Power Plant
  13. Habib Industries Ltd
  14. Habib Lockers
  15. Habib Generals Ltd
  16. Habib Investment Company
  17. Starmit System Ltd
  18. Habib Oil Mills Ltd
  19. Habib American Bank
  20. Habib European Bank
  21. Master Enterprises (pvt) Ltd
  22. Procon Engineering (pvt) Ltd
  23. Capital Corporation Ltd
  24. Filtron Pakistan Ltd
  25. Habib Sugarcan Farms
  26. Khyber Papers
Rashid D Habib
  1. Habib Capital Management
  2. Habib Leasing Corporation (pvt) Ltd
  3. Habib Management Services
  4. Habib Sons (pvt) Ltd
  5. Habib Industries Ltd
  6. Commodities Export Ltd
  7. Cytozam Pak Ltd
  8. Dentogen Laboratories Ltd
  9. Pak Propylene
  10. Pak Packages
  11. Poly Propylene Products Ltd
  12. Habib Maritime Ltd
  13. Synthetic Jutet Ltd
  14. Partico (pvt) Ltd
  15. Proline (pvt) Ltd
  16. Habib Sorbitol (pvt) Ltd
  17. Habib Aglomeration (pvt) Ltd
  18. Habib Microfine (pvt) Ltd                                                       Top of Page

GUL AHMAD / AL-KARAM

Gul Ahmad is one of the oldest and most progressive among the Memon business houses in Pakistan. The group was founded by Haji Ali Mohammad Pakolawala and has now split between Gul Ahmad and Alkaram group of Industries.

Like several other Karachi-based groups of post-1947 era, Gul Ahamad has not added any single manufacturing units to its fold since 1971, except for the 150 MW Gul Ahmad Power commissioned in September 1997 and fairly unknown Ghafooria Industries. However Security Investment Bank and Metropolitan Bank have been set up in collaboration with two other leading industrial groups. The group chairman, Ali Mohammad was appointed vice chairman of Export Promotion Bureau by caretaker govt of Moeen Qureshi.

Al-Karam, however is operating nearly a dozen industrial and commercial units including one of the biggest synthetic units, Pakistan Synthetic listed on KSE.

Gul Ahmad / Alkaram

S. No  Name  Assets  Turnover
1 Gul Ahmad Textile Mills 2272 2493
2 Globe Textile 742 853
3 Globe Textile (OEO) 147 232
4 Zaman Textile 177 186
5 Pak Synthetic 1443 1224
6 Chilya Corrugated 20 19
7 Nakshbandi Industries 419 454
  Total Manufacturing Assets  5220 5451
Financial Companies
8 Security Investment Bank  997
9 Metropolitan Bank 11,825
  Unlisted Companies
  1. Alkaram Textile Mills
  2. Muslim Cotton
  3. Excell Textile Mills
  4. Globe Garment Industries (pvt) Ltd
  5. Ghafooria Industries (pvt) Ltd                                                      Top of Page

PACKAGES

Syed Maratib Ali was a well known name even in the undivided India and his mansion, Ashiana, in Lahore was, and continues to be considered one of the wealthiest houses in this part of the sub-continent.

Maratib Ali family was entrenched in the import-export trade and was a supplier for the British Army and Indian Railway before the partition. The first foreign joint venture launched by the family, after the creation of Pakistan was a soap factory with Lever Brothers. However, the group has grown around Packages Limited and according to an anecdote Pakistan Tobacco Company (PTC) helped Maratib Ali family in launching this packaging units. It is said that PTC had imported a packaging plant for its cigarette manufacturing facility but because of some difficulties encouraged Packages to venture into the field by loaning the later the imported plant.

Maratib Ali had nine children and two of them, Syed Amjad Ali and Babar Ali served as Finance Ministers while two of his grandchildren, Syed Fakhar Imam and Syeda Abida Hussain have also served as federal ministers. Syed Amjad Ali served as Pakistan's first ambassador to the United Nations. Another scion of the family is Syed Mohsin Ali of the Mitchelles Ltd.

The chairman of Packages group, Syed Babar Ali was the eighth of nine children born to Syed Maratib Ali and Mubarak Begum. He served as chairman of National Fertilizer Corporation under Z A Bhutto and is also chairman of the Board of Directors of Hoeist Pakistan, Lever Brothers and Seimen. The group owns 20% equity in the newly set up Coca-Cola Beverages Pakistan Ltd, a trilateral project of Singapore-based Fraser & Neaves (C & N), Packages and Coca-Cola Private Ltd. The newly set up company has acquired Coca Cola plants in Karachi and Hyderabad and would be taking over all the 11 franchises of Coca-Cola in Pakistan.

Babar Ali is also one of the founders of Lahore University of Management Sciences (LUMS).

Packages Group Companies

S. No  Name  Assets  Turnover 
1 Packages  2696 2330
2 Zulfikar Industries  171 497
3 Milk Pak 945 2000
4 Treet 313 326
5 Mitchelles 113 96
6 Wazir Ali Industries  311 1036
7 Tri Pack Films 619 317
  Total Manufacturing Asssets  5168 6602
  Financial Companies
8 IGI 177
9 Interbank 738
Unlisted Companies
  1. Systems (Pvt) Ltd
  2. Kabirwala Dairies
  3. Faizabad Rice Mills
  4. Cattle Breeders Farm Ltd
  5. Abbasi Textile
  6. Hina Export Ltd
  7. Ashiana Cotton Mills
  8. CocaCola Beverages (Pvt) Ltd                                             Top of Page

ATLAS

Yusuf Shirazi, a former income tax official, self-proclaimed journalist founded the Atlas group in 1962 but suffered major blow in the seperation of East Pakistan by losing an Atlas Honda Motorcycle plant " turning me a pauper overnight and forcing me to move to a flat from a bunglow " (DAWN 7.10.95). Almost all his joint ventures are with Japanese collaboration.
S. No  Name  Assets  Turnover 
1 Atlas Honda 1896 1836
2 Atlas Cars (Pak) Ltd  2016 1301
3 Atlas Battery 134 260
4 Alwin Engineering 313 283
  Total  4359 3680
  Financial Companies
5 Muslim Insurance  90
6 Atlas-Bot Leasing 2206
7 Atlsa Bank Investment  659
  Total 2955
Unlisted Companies
  1. Clearance and Warehouse Ltd
  2. Shirazi Farm
  3. Shirazi Trading
  4. Shirazi Investment
  5. Atlas Information Technology                                                      Top of Page

HASHWANI

Hashwanis have long been involved in trading in cotton, grain and steel and till the nationalization of cotton export in 1974 were known as Cotton Kings of Pakistan.

After the nationalization of cotton and rice trade, Hashwani brothers moved into hotel industry and today Sadruddin Hashwani operating the chains of Marriot and Pearl Continental Hotels is known as the Hotel King of Pakistan.

In 1985 when PIA decided to sell its 51% shares in Pakistan Services Limited , operating chain of Intercontinental hotels, Sadruddin Hashwani " walked away with the spoils", according to New York Times. The Rs 130 million bid money came from Investment Corporation of Pakistan (ICP) which was allegedly written off by Zia ul Haq.

In 1984 Haswnai defeated Lakhanis in the bid for Premier Tobacco but the two Hashwnai Brothers, Sadruddin Hashwani and Akbar Hashwani were arrested in 1986 when customs raided their tobacco factory, following seizure of several trucks loaded with cigarettes without payment of duty. The Hashwanis always suspected Lakhanis to have tipped the customs about the tax evasion, (The daily Dawn 24.5.86).

The Haswanis are currently operating in three seperate groups known as the Hashoo group of Sadruddin Haswani, Haswani group of Akbar Ali Hashwani and Hassan Ali Hashwani group comprised of the companies owned by the children of late Hassan Ali Hashwani.

Hashoo Group

S NO  Name  Assets  Turnover 
1 Pakistan Services  3364 1846
2 Exide Battery 296 513
3 Automative Battery  131 176
4 Hahsoo Steel 130 308
5 Souvenir Tobacco - -
  Total 3921 2843
  Financial Assets
8 New Jubilee Insurance 590

Akbar Hashwani

9 Regent Textile 230  192 
10 Landmark Spinning  100 -
  Total 330 -
Unlisted Companies
  1. Hashwani Hotels
  2. Murtaza Construction (pvt) Ltd
  3. Bhurban Resorts (pvt) Ltd
  4. Hassan Ali and Company (pvt) Ltd
  5. Hassan Ali Sale and After Sale Services (pvt) Ltd
  6. Hattar Accumulators (pvt) Ltd
  7. Zaver Peroleum (pvt) Ltd
  8. Gelcaps Pakistan Ltd
  9. Hub Steel Company
  10. Lakeview Properties
  11. Pearl Tours and Travels (pvt) Ltd
  12. Real Estate Investement Company
  13. Pearl Continental Overseas (pvt) Ltd
  14. Hassan Ali and Grains Ltd
  15. Hashoo International (pvt) Ltd
  16. Rex Talkies (pvt) Ltd
  17. Associate Buolders (pvt) Ltd
  18. Bagh-e-Korangi (pvt) Ltd
  19. Bagh-e-Landhi (pvt) Ltd
  20. Hashoo Modaraba Management Ltd
  21. Hashoo Holdings (pvt) Ltd
  22. Zaver Lubricants and Speciality Products
  23. Zaver Chemicals Ltd
  24. Zaver Mining Co (pvt) Ltd
  25. General Pharecutical (pvt) Ltd
  26. Continental Corporation (pvt) Ltd
Akbar Hashwani
  1. Hashwani Construction (pvt) L
  2. Syndicate Mines and Minerals (pvt) Ltd
  3. AEG Pakistan Ltd
  4. Cornonet Enterprise (pvt) Ltd
  5. Panther Industries (pvt) Ltd
  6. ACME Enterprise
  7. Hassan Ali and Compan Cotton (pvt) Ltd                                   Top of Page

BIBOJEE

Listed Companies
S No  Name  Assests  Turnover 
1 General Tyres 1183 1935
2 JDM Textile 98 81
3 Babri Cotton 106 166
4 Bannu Woolen Mills  184 184
5 Gandhara Nissan 611 756
6 National Motors 692 271
7 Ghandhara Industries  102 756
8 Gammon Pakistan 152 -
  TOTAL 3128 3393
  Financial Companies
10 Chemni Leasing  581
11 Universal Insurance  56

Saif Ullah's Group

S No Names  Assets  Turnover 
1 Kohat Textiles  216 256
2 Saif Textile 462 616
3 Lucky Cement 678 -
Unlisted Companies
  1. Rehman Cotton Takhtbhai
  2. Bibojee Services (pvt) Ltd
  3. Bibojee Investment (pvt) Ltd
  4. Usman Fabrics and Knitwear (pvt) Ltd
  5. Advanced Computer Tec (pvt) Ltd
  6. Frontier Txtile
  7. Bannu Flour Mills
  8. KSK Investment (pvt) Ltd
  9. KKA Company (pvt) Ltd
  10. Saif Beverages
  11. Saif International Combine
  12. Sarhad Prestressed Concrete
  13. Pakistan Mobile Corporation
  14. NASA Construction                                                            Top of Page

DAWOOD GROUP

Dawood was ranked second biggest group in Pakistan in 1970 by Lawrence White but it was worst-hit by seperation of East Pakistan and the nationalization of Z A Bhutto with the result that it has not set up a single manufacturing unit during last 25 years. Yet it is ranked among the top 10 industrial groups in Pakistan in 1990 and was 14 in 1997.

Dawood group was founded by Ahmad Dawood but currently stands split among three Dawood brothers namely Ahmad, Sadiq and Suleman Dawood who are heading Dawood, BRR and Descen groups respectively. Not so well known, Ghani group was also carved out of the main Dawood group and is based on the shares held by in-laws of Ahmad Dawood in the parent group.

Dawood family members were put on exit control list and once they managed to leave the country, they lived out the Bhutto era in exile in Europe and United States. However Razak Dawood s/o Suleman Dawood shifted to Lahore and developed a group of Construction/ Engineering Companies today known as the Descen group.

Ahmad Dawood was born at Batva, Kathiawar in a Memon family. When partition took place, he had already set up a cotton ginning factory, an oil mill and vegetable ghee factory in India. He is reported to have told reporters that it was on the suggestion of Quaid-e-Azam Mohammad Ali Jinnah that he had migrated to Pakistan and incorporated Dawood Corporation for import and export trade.

Dawood Cotton Mills was set up in 1951 but business grew in leaps and bounds when Ahmad Dawood was associated with Muslim League and his brother Sadiq Dawood was a member of national assembly and treasurer of the ruling Pakistan Muslim League during the military rule of Field Marshal Ayub Khan.

Ahmad Dawood is now living a retired life and his business is being looked after, by son Hussain Dawood.

Ahmad Dawood Group

S No  Name  Assets  Turnover 
1 Dawood Hercules  2025 1615
2 Dilon Limited 155 76
3 Dawood Cotton 541 173
4 Burewala Textile 599 545
5 Lawrence Woolen Mills  329 248
  Total Manufacturing Assets  3649 2657
  Financial Assets
Sadiq Dawood Group Suleman Dawood
Unlisted Companies

Ahmad Dawood

Sadiq Dawood Suleman Dawood

MONNOO

Monnoos are Chinioti and are currently operating in three distinct groups. However, the biggest of the three, Kaisar Monnoo group is a joint venture of three brothers, Kaisar A Monnoo, Shehzada A Monnoo and Jehangir A Monnoo. The group has up to 15 textile mills in its fold but none listed on the stock exchange. According to press reports and interviews of the Monnoo family members, total assets of the main Monnoo group are valued at Rs 3 billion.

The present day Monnoo dynasty was founded by two Monnoo brothers namely Dost Mohammad Monnoo and Nazir Hussain Monnoo who migrated to Calcutta in the 1940s where they set up Olympia Rubber works. At the time of independence the rubber works was exchange with a textile mill owned by a Hindu in Nabiganj, Dhaka. The new factory was christened as Olympia Textile Mills. The name Olympia has been omenous for the Monnoos and that is why a number of their units have been named Olympia.

Kaisar Monnoo Group

  1. Monnoo Industries
  2. Lahore Textile and General Mills
  3. Lahore Textile Unit-2
  4. Tribal Textile
  5. Margalla Textile
  6. Rawal Textile
  7. Margalla Textile Unit-2
  8. Olympia Blended Fibre Mills-1
  9. Olympia Blended Fibre Mills-2
  10. Qureshi Textile
  11. Jamhoor Textile
  12. Jamhoor Textile Unit-2
  13. Monnoowal Textile
  14. Summudri Sugar
  15. Monnoo Sales (pvt) Ltd
  16. Kaiser Shahzada (pvt) Ltd
  17. Ravi Production (pvt) Ltd
  18. Monnoo Farms
  19. Monnoo Orchars
Total Assets: 3605

Munir A Monnoo Group

Munir A Monnoo migrated from East Pakistan in 1971 and set up looms in Faisalabad. His first industrial project was Olympia Textile in the name and style of the factory he had left in East Pakistan.

  1. Olympia Textile
  2. Olympia Industries
  3. Sheikhupura Feeds
  4. Lahore Feeds
  5. Punjag Feeds
  6. Olympia Synthetic
  7. Karachi Farms
  8. Gulbahar Industries
  9. Olympia Power Ltd
Another small Monnoo group is operating out of Karachi and comprises of
  1. Olympia Spinning and Weaving Mills
  2. Kotri Textile Mills
  3. Kamani Textile Mills                                                               Top of Page

FECTO

The name Fecto has been taken from the acronym of Far East Commercial and Trading Company set up by Ghulam Mohammad. A Fecto in East Pakistan. The psychological problems and fears that still haunt the big business particularly the Memons is evident from the manner in which Fecto group completely changed its identity, enen name after shifting their business from East Pakistan to West Pakistan.

Ghulam Mohammad A Fecto, the founder of Fecto group was known as Ghulam Mohammad Adamjee in East Pakistan but while setting up the business in West Pakistan, now Pakistan, he dropped the name Adamjee in fovour of the acronym Fecto and thus from Ghulam Mohammad Adamjee he has become Ghulam Mohammad A Fecto.

Fecto is a Memon group and Ghulam Mohammad A Fecto had migrated from Bombay to Dhaka in 1947 where he set up Far East Commercial and Trading Company dealing among other things, in electrical and home appliances. It entered into a joint venture, Fecto-Yamagen Electronics Ltd, with Toshiba in 1961 for the manufacture of Radios in East Pakistan. At the time of birth of Bengladesh he was managing director and director in at least ten companies including Fecto Ltd, Fecto-Yamagen Electronics , Dacca Radio Electronic Company, Fecto Agencies Ltd, Chaudary Fishing Company, Fecto Industries and Fecto Trading.

In the 1970 while other Memon groups were switching from industries to trading Fecto decided to venture into manufacturing by acquiring Adamjee Sugar Mills changing its name to Fecto Sugar Mills, followed by the setting up of another sugar mill and a tractor manufacturing unit. Presently the group has 14 companies in its folder including three listed on KSE.

S No  Name  Assets  Turnover
1 Fecto Cement  2,471 1,376
2 Baba Farid Sugar  326 506
3 Fecto Sugar 744 528
  TOTAL 3,541 2,410
  Unlisted Companies
  1. Belarus Tractors
  2. Supreme Engineering Works
  3. Pak Agro Forestry Corp
  4. Fecto Chemicals
  5. Fecto Orient (pvt) Ltd
  6. Burban Printer Packages
  7. F and B Storage Ltd
  8. Fecto Pakistan Ltd
  9. Fibre Textile Industries (pvt) Ltd
  10. Frontier Paper Products (pvt) Ltd
  11. Laminate Tech Ltd                                                                        Top of Page

LAKHANI (LAKSON)

Lakhanis have grown during the last two decades and are one of the three big Ismaeeli groups among top 22 families today. However they have been at loggerhead with one of the other Ismaeeli family i.e the Hashwanis over several corporate takeovers.

Sultan Lakhani is the eldest of the four brothers who have partnership in the group with units manufacturing detergents, soap, surgical instruments, paper and board, as well as food. Lakhanis claimed to have an annual turnover of 200 million dollars in 1990 and if ranked by turnover should come among the top ten but it would be mainly because of the sizable turnover of the Premier and Lakeson Tobacco. The group has recently won the coverted franchise for McDonalds Fast Food in Lahore.

Listed Companies

S No  Name  Assets  Turnover
1 Premier Tobacco  442 2,206
2 Lakson Tobacco  511 2,405
3 Century Paper 1,117 1,104
4 Merit Packaging 73 197
5 Clover Foods 72 24
6 Tritex Cotton 253 291
7 National Detergents  - -
8 Colgate 408 1,347
  TOTAL  2,876 7,574
 Financial Companies
9 Century Insurance
Unlisted Companies
  1. Siza Commodity (pvt) Ltd
  2. Accuracy Surgical
  3. Siza Services (pvt) Ltd
  4. Project Development Services
  5. Star Development                                                                           Top of Page

FATEH

S No  Name  Assets  Turnover 
1 Fateh Textile  2,170 2,123
2 Fateh Sports Wear  420 157
3 Fateh Industries 253 240
  TOTAL 2,843 2,520
  Unlisted Companies
  1. Bahawalpur Textile
  2. Fateh Apparel
  3. Fateh Garments
  4. Fateh Furnishers
  5. Fateh Jeans
  6. Fateh Weaving Mills
  7. Hotel Fateh Ltd
  8. Nephew and Nephew
  9. Walisons                                                                                           Top of Page

SARGODHA

This is another Chinioti group founded by Mian Mohammad Aslam, 69 who returned to Pakistan in 1947 from India where he owned a leather tanning unit.

" I used to roam on bicycle from village to village, collecting skins for the tanners, earning a profit of One Anna (4 paisas) per skin", he was reportedly fond of telling his visitors.

Currently the group is facing litigation from Al-Mashriq Bank for default in the payment of a Rs 120 million loan.

S No  Name  Assets  Turnover 
1 Shahzad Textile  379 401
2 Shaheen Cotton  327 394
3 Shadab Textile 85 142
4 Sargodha Spinning  695 253
5 Sajjad Textile 512 215
6 Husein Sugar 358 560
7 Shadman Textile 387 394
  TOTAL  2,739 2,359
Unlisted Companies
  1. Nazir Cotton
  2. Sargodha Jute
  3. Shaheen Fabrics
  4. Silver Fibre Spinning
 Top of Page
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