Who Owns Pakistan - Yimg

when the Rserve Bank of India failed to deliver Pakistan share of Rs 750 million
held by it. It is said that Mohammad Ali Habib had presented a blank cheque on
Llyod Bank to Quaid-e-Azam who wrote Rs 80 million in it. (An article in Habib
Bank Golden Jubilee Presentation and a letter to the Editor in daily Dawn,
September 11, 1991).
The Habib family is known to have set up offices in Vienna and Geneva as early
as 1912 and incorporated Habib and Sons in 1921 which was dealing in brass,
metal scraps and gold with " Lion of Ali " embossed on it which is till today the
insignia of the Habib Bank.
Habib Bank was incorporated in 1941, as First Muslim Bank in India and was
using its own assayed gold medallions. It is said that Mohammad Ali Habib
ensured that these medallions were purer than the assayed stamp showed there
were stories of customers finding out that the medallions were worth more the
bargain.
Seth Habib had four sons and Aziz Haji Dossa, a reader of daily Dawn recalled in
a letter to the editor on September 11, 1991 that " I used to watch the four sons
of Habib Seth, namely Mohammad Ali, Ahmad, Dawood and Ghulam Ali drive
every morning sharp at nine o'clock wearing silk yellow Sherwanies and caps,
parking their cars in front of the Mohammad Shah Pir Graveyard and standing in
line offering Fateha".
Mohammad Ali Habib who founded Habib Bank on August 7, 1941 had four
sons, Suleman, Habib, Rafiq and Hyder and it is the group headed by Rafiq M
Habib which is today known as House of Habib. The second group comprised
sons of late Rashid D Habib but A G Zurich Bank incorporated as Habib Bank Ltd
in Geneva, in 1967, is a joint venture of all Habibians and in keeping with the
family traditions is still issuing its own gold medallion embossed with the Lion of
Ali.
The group headed by Rafiq Habib is using five stars and holy Kalma as its
insignia while Rashid Habib group is using lion and Sword of Ali as its insignia.
S No Name
Rafiq M Habib Group
Assets Turnover
1 Thal Jute Mills 354 448
2 Pak Jute and Synthetics 112 181
3 Pak Paper Sack 428 827
4 Shabbir Tiles 180 216
5 Dyno Pakistan 272 234
6 Indus Motors 2,318 4,722
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