Who Owns Pakistan - Yimg

Division in 22 Families, a Post-Bhutto Stratergy to
Appear Small
It is said that process of wear and tear through division and family split in the big
industrial conglomerates usually takes three generations, but in Pakistan it was
advanced by several decades because of Bhutto's nationalization. It was,
therefore, bit of a truth when Nasim Saigol bemoaned that, but for Bhutto's
nationalization Pakistan would have had its share of Birlas and Tatas and joined
the ranks of Asian Tigers. The 22 families of Pakistan were like the bird whose
wings were clipped before take off on the first flight. But it is a great tribute to
some of them like falcons braving high winds, their scions have risen again to
great heights.
Almost all the big business groups of the 1970s had started in 1947 as family
joint ventures and almost each of them that survived seperation of East Pakistan
and nationalization stands divided today, with the exception of Crescent group of
Industries.
Saigol group was owned jointly by three of four sons of founder Amin Saigol,
namely Yusuf, Bashir and Sayed Saigol while the fourth son Gul Saigol had
stayed back in India in 1947. Saigol dynasty split in the 1976 among 16 male offsprings
and is currently operating in four distinct groups namely Saigol group
headed by Nasim Saigol, Mohib group of Rafiq Saigol, Kohinoor group of Tariq
Sayed Saigol and a small Iqbal Saigol group.
Present-day Adamjee dynasty was founded by Sir Adamjee Haji Dawood and his
three sons, Abdul Wahid Adamjee, Abdul Hamid Adamjee and G M Adamjee. In
the wake of nationalization, the assets of group were divided among six inheritors
which have been further sub-divided over the years.
Dawood group was split among Ahmad Dawood and his brothers Suleman
Dawood and Sidiq Dawood operating in Dawood, Descon, and BBR group
respectively. A relatively unknown Ghani group comprising the in-laws of Ahmad
Dawood was also carved out of the main groups.
Bawany's assets were divided among seven sons of Ahmad Bawany and over
the years its assets have come to be sub-divided. A splinter from Bawany is
known as the Al-noor group.
Gul Ahmad was a joint venture of seven brothers and cousins who are now split
in Gul Ahmad group headed by Haji Ali Mohammad Pakolawala and Al-Karam
owning at least ten textile mills.
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