Who Owns Pakistan - Yimg

7 Gulistan Weaving 377 334
8 Reliance Cotton 371 360
Total Financial Assets 7,583 8,904
Unlisted companies
1. Amer Cotton Mills (Pvt) Ltd
2. Amer Fabrics Ltd
3. Neelum Textile Mills
4. Gulistan Fabrics Ltd
5. Diamond Fabrics
Habib
The House That Built Habib
" In Pakistan who has the money to buy Habib Bank, but the House of Habib",
the representative of Habib group told reporters at the Privatization Commission
in Islamabad in 1992 before submitting bid for the privatization of Habib Bank.
The boast was justified but uncharacteristic of the Habib family which is known to
make conscious efforts to appear small and stay out of the limelight by " hiding
the light under the bush in the religious belief that to win the pleasure of Allah is
worth infinitely more than to seek the plaudits of the public".
Habibs have spread their wealth over a large number of private and public
companies and a profile of Rafiq Habib in Economic Review, Novemer 1984 (P
59) said that Habib group had 90 companies it its fold. I could identify only half of
them.
The history of House of Habib goes back to middle of the last century when
Esmail Ali of Jam Nagar, India set up a small utensil factory in Bombay. A son
born to him in 1878 was given the name Habib who was to found the dynasty of
House of Habib. Habib Ismaeel lost his father at an early age and circumstances
forced him to join the business of his uncle-Cassum Mohammad, owner of Khoja
Mithabai Nathoo, merchant and manufacturer of copper and brass utensils. It
was because of his association with Mithabai Nathoo that Habib Ismaeel came to
be known as Seth Habib Mitha.
The House of Habib hold many distinctions in Pakistan's history. Habib Bank was
shifted to Pakistan on the personal bidding of Quaid-e-Azam Mohammad Ali
Jinnah and came to the help of the nascent state " even before the Govt of
Pakistan was ready to issue appropriate govt paper", with a Rs 80 million loan
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