Who Owns Pakistan - Yimg

Dawood lost Karnaphuli Paper Mills, Karnaphuli Rayon, a most modern jute mills,
Dawood Shipping and host of trading and warehousing facilities. Adamjee lost six
tea gardens in Sylhet and six industrial units including their biggest jute mills in
Asia while Jalil, ranked fourth by Lawrence White lost five units and was left with
only one unit in West Pakistan.
Bawany lost Latif Bawany Jute Mills, Habib Ahmad Haji (Aragwala) lost Arg Ltd
Chittgong and a splinter Monnoo group lost Olympia Textile Mills at Tongi. It
must be purely for nostalgic reasons that fifteen years after their return to
Pakistan, Monnoos incorporated a company with the same name, now listed on
Karachi Stock Exchange.
Atla group lost Honda Motorcycle Plant in East Pakistan " reducing me to pauper
overnight and forcing me to shift from a Bunglow to a Flat ", group chairman
Yusuf Sherazi said in an interview.
Economic history books and researchers have talked only about the impact of
East Pakistan debacle on big business while, in fact thousands of small and
medium sized businessmen were affected by the seperation of East Pakistan.
After the seperation, the Bangladesh govt nationalized 260 units belonging to
non-Bangalis, and with assets exceeding Rs 105 million each while several
hundred smaller and medium sized units abandoned by the people of West
Pakistan origin were sold to the natives. But, a remarkable feature of
nationalization in the newborn state was that the industrial undertakings of
Khojas and Bohras were not touched.
" Not all foreign non-Bangali bourgeois's were affected and state control was not
extended to enterprises which belonged to dealers from merchant Muslim class
of Khojas and Bohras", according to Yuri Gangsovak in an article " Social
structures in Bangladesh".
The seperation of East Pakistan was preceded by years of social and political
unrest during which several leading industrialists, foreseeing the coming events,
moved lock stock and barrels to West Pakistan. In less than two decades some
of them, like Saphire-Gulistan, Fecto, Monnoos, Chakwal and Rupali were to join
the fraternity of the top industrial families.
" My brothers realized many years before 1971 that East Pakistan would one day
be independent. From 1968 onwards they had stopped living there (and
investing) and had concentrated their investment in West Pakistan", said
Jehangir Monnoo in retrospect in an interview with the weekly, The Friday Times.
Chakwal group moved to West Pakistan from East Pakistan in 1971 and
machinery ordered for a proposed textile factory in East Pakistan was delivered
to West Pakistan and onward to Chakwal for a spinning factory. This textile mill
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