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Who Owns Pakistan - Yimg

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Independently his group has four companies listed on the stock exchange.<br />

S No Name<br />

Assets Turnover<br />

1 Taj Textile 1,304 359<br />

2 Elahi Cotton 130 188<br />

3 Elahi Spinning and Weaving 604 564<br />

4 Elahi Electric 497 -<br />

TOTAL 2,535 1,111<br />

Unlisted Companies<br />

Elahi Enterprise<br />

White Cement<br />

Kassim Dada<br />

Kassim Dada comes from one of the oldest Memon enterpreneurs family from<br />

the sub-continent which had set up Dada Commercial house in the 19th century.<br />

Long before the creation of <strong>Pakistan</strong>, the Dadas had set up offices in Burmah,<br />

South Africa and countries of the Far-East. It was as a representative of Dada<br />

Commercial House "(DADA Abdullah and Company)" that M K Gandhi went to<br />

South Africa, as a lawyer in 1893.<br />

The Dadas were reported to have set up several big and medium sized projects<br />

in <strong>Pakistan</strong>, " While retaining their interests in India ", including as asbestos<br />

Cement Factory plants at Karachi, Hyderabad and Chittgong, three textile mills,<br />

cotton and chemical plants. At least three cement plants were lost in East<br />

<strong>Pakistan</strong> and in Bhutto's nationalization.<br />

" But the Dada's share in <strong>Pakistan</strong>'s big business, and their capital must not be<br />

judged only on the basis of enterprises which they control directly. The point is<br />

that the Dadas who have continuously held ruling positions in Karachi Stock<br />

Exchage, have made wide use of concealed forms of financial control. They have<br />

also been junior partners in a number of of <strong>Pakistan</strong>i and foreign monopolies ",<br />

Sregey Lvin observed abut Dadas in " the upper bourgeoisie from the Muslim<br />

commercial community of Memons of <strong>Pakistan</strong>".<br />

S No Name<br />

Assets Turnover<br />

185

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