Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
Who Owns Pakistan - Yimg
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Syed Maratib Ali was a well known name even in the undivided India and his<br />
mansion, Ashiana, in Lahore was, and continues to be considered one of the<br />
wealthiest houses in this part of the sub-continent.<br />
Maratib Ali family was entrenched in the import-export trade and was a supplier<br />
for the British Army and Indian Railway before the partition. The first foreign joint<br />
venture launched by the family, after the creation of <strong>Pakistan</strong> was a soap factory<br />
with Lever Brothers. However, the group has grown around Packages Limited<br />
and according to an anecdote <strong>Pakistan</strong> Tobacco Company (PTC) helped Maratib<br />
Ali family in launching this packaging units. It is said that PTC had imported a<br />
packaging plant for its cigarette manufacturing facility but because of some<br />
difficulties encouraged Packages to venture into the field by loaning the later the<br />
imported plant.<br />
Maratib Ali had nine children and two of them, Syed Amjad Ali and Babar Ali<br />
served as Finance Ministers while two of his grandchildren, Syed Fakhar Imam<br />
and Syeda Abida Hussain have also served as federal ministers. Syed Amjad Ali<br />
served as <strong>Pakistan</strong>'s first ambassador to the United Nations. Another scion of the<br />
family is Syed Mohsin Ali of the Mitchelles Ltd.<br />
The chairman of Packages group, Syed Babar Ali was the eighth of nine children<br />
born to Syed Maratib Ali and Mubarak Begum. He served as chairman of<br />
National Fertilizer Corporation under Z A Bhutto and is also chairman of the<br />
Board of Directors of Hoeist <strong>Pakistan</strong>, Lever Brothers and Seimen. The group<br />
owns 20% equity in the newly set up Coca-Cola Beverages <strong>Pakistan</strong> Ltd, a<br />
trilateral project of Singapore-based Fraser & Neaves (C & N), Packages and<br />
Coca-Cola Private Ltd. The newly set up company has acquired Coca Cola<br />
plants in Karachi and Hyderabad and would be taking over all the 11 franchises<br />
of Coca-Cola in <strong>Pakistan</strong>.<br />
Babar Ali is also one of the founders of Lahore University of Management<br />
Sciences (LUMS).<br />
Packages Group Companies<br />
S. No Name Assets Turnover<br />
1 Packages 2696 2330<br />
2 Zulfikar Industries 171 497<br />
3 Milk Pak 945 2000<br />
4 Treet 313 326<br />
5 Mitchelles 113 96<br />
6 Wazir Ali Industries 311 1036<br />
7 Tri Pack Films 619 317<br />
159
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