Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
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Dewan<br />
Listed Companies<br />
S. NO Names Assets Turnover<br />
1 Dewan Textile 1,008 1,646<br />
2 Dewan Mushtaq 268 270<br />
3 Dewan Khalid 506 538<br />
4 Dewan Sugar 708 1,055<br />
5 Ishtiaq Textile 204 155<br />
6 Dewan Salman Fibre 7,419 6,219<br />
Total Manufacturing Assets 10,113 9,883<br />
Financial Companies<br />
7- Metropolitan Bank ( With Gul Ahmad)<br />
Unlisted Companies<br />
1. Dewan Mushtaq Sons<br />
2. Dewan Steel Mills<br />
The House of Ittefaq<br />
Ittefaq means unity and it was an appropriate name when Mian Mohammad<br />
Sharif, father of Prime Minister Nawaz Sharif and his six brothers founded Ittefaq<br />
foundry in 1939. The House of Ittefaq, the industrial conglomerate of Prime<br />
Minister Nawaz Sharif's family is not unity anymore and 119 offspring's siblings<br />
and spouses of the seven founding brothers are currently battling in courts for the<br />
division of the assets of the Ittefaq group.<br />
The House of Ittefaq claims to have lost an industrial unit in East <strong>Pakistan</strong>,<br />
besides losing Ittefaq foundry to Bhutto;s nationalization. In the aftermath of<br />
nationalization Mian Mohammad Sharif tried luck in UAE where he set up a steel<br />
re-rolling mills. He is reported to have told his family that while leaving for UAE<br />
that he would not return till the mill was ready. The factory was therefore,<br />
completed on time but proved too taxing for aging Mian Sharif in an unfamiliar<br />
enviroment and therefore, he returned after operating it for about a year or two.<br />
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