Who Owns Pakistan - Yimg

The first Nawaz government was followed by second Benazir government which
essentially continued same policies, only with the greater mismanagement and
corruption.
Paksitan's Economy, Muslim Business (22 Families) at
Independence
The size of Pakistan's economy in 1947 can be visualized by the fact that her first
budget projected a revenue of Rs 150 million and govt had to borrow Rs 80
million from the Habib Bank to pay salaries to the govt employees and meeting
other contingencies.
Only 159 companies were incorporated in the area presently comprising
Pakistan. The first industrial project launched in independent Pakistan was
Dentonic Tooth Powder and inauguration of Pakistan's first bottled drink, Pakola
was such a big event that it was performed by the prime minister of Pakistan.
But that does not mean that there was dearth of capital or Muslims lacked
entrepreneurial skills since several Muslim families and groups were well
entrenched in business and industry. Several entrepreneurs who came to be
dubbed as 22 families in the 1970s apparently had considerable economic power
at the time Pakistan was born. Just like the Marwaris who joined All India
Congress, several of these Muslim businessmen either joined Muslim League or
financed the struggle for Pakistan. This was particularly true of Memon business
community which presented people like Sir Abdullah Haroon and Sir Dawood
Adamjee, as rallying point for Muslim industrialilsts and businessmen.
The Indian books about the business communities of India have mentioned Sir
Adamjee Peerbhoy who made his first millions in late 19th century as a
shipbuilder. Sir Dawood Adamjee, the founder of present day Adamjee group
had established a commodity trading company in Rangoon, Burma in 1894,
followed by a big match factory and rice mills, also in Rangoon and a jute mill at
Calcutta in 1937. Sir Dawood Adamjee, thus headed a big industrial set up and
export trade of rice and jute which allowed him to play a Birla-like role in Pakistan
Muslim League.
Haroons had migrated to Karachi from Gujrat towards the end of last century and
made their fortune in second-hand clothing and sugar trading in the beginning of
the 20th century, winning the title of Sugar King. The family launched its first
indutrial project, Moti Sugar Mills in Bihar province in 1940. Haroon House in
Karachi was the centre of meetings for Pakistan movement in Sindh.
Ahmad Dawood, another Memon businessman who was to emerge as the
uncrowned king of Pakistani businessmen under President Ayub Khan, is
reported to set up 26 offices and shops in various cities all over India and was on
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