Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
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conference in Islamabad, on March 2, 1994, Khalid Siraj, a cousin of prime<br />
minister claimed that the assets of the seven brothers were valued at Rs 21<br />
billion.<br />
The units in Ittefaq as identified by H U Beg Committee included three listed<br />
companies, 12 unlisted public companies and 4 private limited companies.<br />
The Friday Time issue of April 25, 1997 reported that the Sharif group of Mian<br />
Mohammad Sharif has started work on Kashmir Sugar Mills and Bashir Sugar<br />
Mills for which it was seeking hefty loans from commercial banks. Work is also in<br />
progress over a sprawling New Sharif Medical City, opposite the big residential<br />
farm of the Sharif family on the Rai Wind Road. The group is also working on<br />
Yousaf Aziz Sugar Mills at Kasur and another at Shah Kot.<br />
According to agreement reached in Lahore High Court by members of the family<br />
sometimes in 1996, the House of Ittefaq has split in two groups. The first<br />
comprised of the families of Mian Mohammad Sharif, Mohammad Shafi, Barkat<br />
Ali, Yousaf Aziz and Idrees Bashir while the second group comprised of the<br />
families of Meraj Din and Siraj Din. Members of the Ittefaq group are currently<br />
operating in three groups namely Sharif Group, Ittefaq Group and Haseeb<br />
Waqas Group. The three groups have only four companies listed on the KSE.<br />
Listed companies<br />
S. No Names Assets Turnover<br />
1 Ittefaq Textile Mills - -<br />
2 Brothers Textile Mills 262 -<br />
3 Khalid Siraj Textile Mills 228 239<br />
4 Haseeb Waqas Sugar 1,163 901<br />
Unlisted Companies<br />
Sharif Group<br />
1. Ittefaq Textile<br />
2. Mehran Ramzan Textile<br />
3. Brothers Textile Mills<br />
4. Ramzan Baksh Textile Mills<br />
5. Mohammad Baksh Textile Mills<br />
6. Hamza Spinning Mills<br />
7. Ittefaq Sugar Mills<br />
8. Ramzan Sugar Mills<br />
9. Chaudri Sugar Mills<br />
10. Ittefaq Foundry (Pvt) Ltd<br />
11. Brothers Steel Mills<br />
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