Who Owns Pakistan - Yimg

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
Unlisted Companies
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
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