Who Owns Pakistan - Yimg

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
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
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