Who Owns Pakistan - Yimg

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5. Margalla Textile 6. Rawal Textile 7. Margalla Textile Unit-2 8. Olympia Blended Fibre Mills-1 9. Olympia Blended Fibre Mills-2 10. Qureshi Textile 11. Jamhoor Textile 12. Jamhoor Textile Unit-2 13. Monnoowal Textile 14. Summudri Sugar 15. Monnoo Sales (pvt) Ltd 16. Kaiser Shahzada (pvt) Ltd 17. Ravi Production (pvt) Ltd 18. Monnoo Farms 19. Monnoo Orchars Total Assets: 3605 Munir A Monnoo Group Munir A Monnoo migrated from East Pakistan in 1971 and set up looms in Faisalabad. His first industrial project was Olympia Textile in the name and style of the factory he had left in East Pakistan. 1. Olympia Textile 2. Olympia Industries 3. Sheikhupura Feeds 4. Lahore Feeds 5. Punjag Feeds 6. Olympia Synthetic 7. Karachi Farms 8. Gulbahar Industries 9. Olympia Power Ltd Another small Monnoo group is operating out of Karachi and comprises of Fecto 1. Olympia Spinning and Weaving Mills 2. Kotri Textile Mills 3. Kamani Textile Mills The name Fecto has been taken from the acronym of Far East Commercial and Trading Company set up by Ghulam Mohammad. A Fecto in East Pakistan. The psychological problems and fears that still haunt the big business particularly the Memons is evident from the manner in which Fecto group completely changed its 167
identity, enen name after shifting their business from East Pakistan to West Pakistan. Ghulam Mohammad A Fecto, the founder of Fecto group was known as Ghulam Mohammad Adamjee in East Pakistan but while setting up the business in West Pakistan, now Pakistan, he dropped the name Adamjee in fovour of the acronym Fecto and thus from Ghulam Mohammad Adamjee he has become Ghulam Mohammad A Fecto. Fecto is a Memon group and Ghulam Mohammad A Fecto had migrated from Bombay to Dhaka in 1947 where he set up Far East Commercial and Trading Company dealing among other things, in electrical and home appliances. It entered into a joint venture, Fecto-Yamagen Electronics Ltd, with Toshiba in 1961 for the manufacture of Radios in East Pakistan. At the time of birth of Bengladesh he was managing director and director in at least ten companies including Fecto Ltd, Fecto-Yamagen Electronics , Dacca Radio Electronic Company, Fecto Agencies Ltd, Chaudary Fishing Company, Fecto Industries and Fecto Trading. In the 1970 while other Memon groups were switching from industries to trading Fecto decided to venture into manufacturing by acquiring Adamjee Sugar Mills changing its name to Fecto Sugar Mills, followed by the setting up of another sugar mill and a tractor manufacturing unit. Presently the group has 14 companies in its folder including three listed on KSE. S No Name Assets Turnover 1 Fecto Cement 2,471 1,376 2 Baba Farid Sugar 326 506 3 Fecto Sugar 744 528 TOTAL 3,541 2,410 Unlisted Companies 1. Belarus Tractors 2. Supreme Engineering Works 3. Pak Agro Forestry Corp 4. Fecto Chemicals 5. Fecto Orient (pvt) Ltd 6. Burban Printer Packages 7. F and B Storage Ltd 8. Fecto Pakistan Ltd 9. Fibre Textile Industries (pvt) Ltd 10. Frontier Paper Products (pvt) Ltd 11. Laminate Tech Ltd 168
Page 1:
Who Owns Pakistan By Shahid-ur-Rahm
Page 4 and 5:
G: UBL Privatization Bid ..........
Page 6 and 7:
Pakistan's Robber Barons ..........
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A Brief introduction - For those wh
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Prologue "I Nawaz Sharif, do solemn
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Nawaz Sharif was not an individual.
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A white paper on " Economy under Bh
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The first Nawaz government was foll
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Another remarkable person mentioned
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Dawood lost Karnaphuli Paper Mills,
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disprove that bulk of the banking a
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perpetuated their control over the
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Kohat Cement, Dandot Cement and Tha
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Earlier in this chapter, we have li
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Insurance companies of 22 families
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Born in Rangoon, M A Rangoonwala ha
Page 34 and 35:
Crescent was a joint venture of fou
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Privatization - Turning the Clock B
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day Privatization Conference in Isl
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Independant Resource Group (IRG) of
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companies, management was to be tra
Page 44 and 45:
Accelerated privatization under a f
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Finance Minister took a conscious d
Page 48 and 49:
clauses and buyers have committed b
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22nd May, 1989 suggested a strategy
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Pakistan Petroleum Limited (PPL) to
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group but thanks largely to the ala
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caretaker govt. to recover Rs 1,500
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Pakistan, had incorporated Muslim C
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Cement for Rs 137 million and Rs 18
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5-star hotel. Bhutto who had planne
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For example, PSL is being managed b
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According to the Khalid Anwar, Burm
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also been assigned to the shelves o
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32 Harijanss 61 - 61 33 Shafi 60.2
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21 Sargodha 2,743 -- 22 Al-Noor 2,5
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had opened their offices in Japan,
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East, REDCO Textile Mills and Const
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4 billion and a roaster of impressi
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The geographic location of the comp
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Haroon's great grandfather had migr
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Gujrati and tended to be organised
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9 Karim 3 10 Hasham 2 11 Latif Jama
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At present, the Kaiser Monnoo group
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Sugar Mills and Samundri Sugar Mill
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" The days immediately after nation
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fortunes which were multiplied, in
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the pioneer Muslim industrialist in
Page 98 and 99:
According to Lawrence White, top se
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Beginning of Bad Loans Bhutto's nat
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Jang, Rawalpindi of December 14, 19
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8 Saigol 1,086 9 Naqvi 1,056 10 Zah
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10, 1997, the Supreme Court observe
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Prime Minister Nawaz Sharif will gl
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specific tax holidays. It was not c
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This decision is based on personal
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oil". It is not difficult from the
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In the fiscal year 1991-92, Messers
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21 Hussain Nawaz Sharif 3,285,6813
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The voiceless small investors have
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Chapter Four - Pakistan's Tax Web P
Page 124 and 125: 28. Ushr 29. Oilseeds Development C
Page 126 and 127: political heavyweights or their hen
Page 128 and 129: Export Duties It is one of the most
Page 130 and 131: Capital Gain Tax As is evident from
Page 132 and 133: Law Authority will soon seek public
Page 134 and 135: Chapter 5 - Money and Politics Elec
Page 136 and 137: Some of the known units of Saifulla
Page 138 and 139: These charges were peanuts when vie
Page 140 and 141: In the references about Lakeview Ho
Page 142 and 143: Epilogue For several years, the peo
Page 144 and 145: One wonders how a government that c
Page 146 and 147: accustomed to buying his casual out
Page 148 and 149: 141
Page 150 and 151: chemicals, synthetic fibres, cookin
Page 152 and 153: Iqbal Saigol S. No Name Assets Turn
Page 154 and 155: In a communication to the author in
Page 156 and 157: Dewan Listed Companies S. NO Names
Page 158 and 159: conference in Islamabad, on March 2
Page 160 and 161: Listed Companies S. No Company Asse
Page 162 and 163: when the Rserve Bank of India faile
Page 164 and 165: 10. Noble Computer Services (pvt) L
Page 166 and 167: Syed Maratib Ali was a well known n
Page 168 and 169: Unlisted Companies 1. Clearance and
Page 170 and 171: Akbar Hashwani 1. Hashwani Construc
Page 172 and 173: Dawood Cotton Mills was set up in 1
Page 176 and 177: Lakhani (Lakson) Lakhanis have grow
Page 178 and 179: 6 Husein Sugar 358 560 7 Shadman Te
Page 180 and 181: Unlisted Companies 1. Ibrahim Agenc
Page 182 and 183: 4 B F Modaraba 16 16 5 Bawany Air 5
Page 184 and 185: Financial Assets 5 Schon Bank 1,994
Page 186 and 187: Mian Mohammad Ismaeel Sheikh was a
Page 188 and 189: 1 Mubarik Textiles 346 119 2 Fatima
Page 190 and 191: 1 K S B Pumps 343 385 2 Adamjee Pap
Page 192 and 193: Independently his group has four co
Page 194 and 195: Bibliography 1. 50 years presentati
Page 196 and 197: 63. The sick industary therapy, art
Page 198: 29. Hotelier in Pakistan looks for
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