Who Owns Pakistan - Yimg

company for Pakistan's first project to asseble radio and transistors. By 1970 he
was managing director Fecto Limited, Fecto-Yamagen Electronics, Dacca Radio
Electronics, Fecto Agencies Limited, Fecto Industries Limited adn Chaudri
Overseas Fishing Limited. Fecto was distributor of radio, television, electronic
appliances, agricultural implements, fertilizers, pig iron, automobiles and their
parts.
Fecto was working on a project to manufacture tractors and a nylon factory in
1971 when it shifted its head office from East Pakistan to Karachi and acquired
Adamjee Sugar Mills. However, in West Pakistan, the group dropped the name
Adamjee and Ghulam Mohammad M Adamjee is now known as Ghulam
Mohammad M Fecto.
Nationalization stunted Pakistan's economic growth in many ways but it was
destined, by fault rather than by design, to contribute to the meteoric rise of
Chanioti business community in Pakistan, particularly in Punjab. Farooq A
Shaikh of Colony talked in detail how nationalization opened new opportunities
for Punjab-based groups particularly Chiniotis to venture into areas, previously
forbidden for them because of the monoply of the Memons. (See rise of
Chiniotis)
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