Who Owns Pakistan - Yimg

Karim group had shifted to Japan as early as 1940 to look after the family
business in South East Asia. He was chairman of the Muslim community and
vice chairman of Muslim Mosque Committee in Tokyo before migrating to
Pakistan to set up Ahmad Abdul Ghani Cotton Mills Karachi in 1951.
Haji Habib Ahmad of Bantva, later known as Seth Habib Araqwala is reported to
have set up 50 branches of his grain import-export business all over India, by the
time Pakistan came into being. Adamjee were operating world's biggest jute mill
employing 30,000 poeple and Dawood owned Karnaphuli Paper Mills, the
biggest pulp and paper project in South Asia.
Kasim Dada today has only two companies listed on the stock exchange, his
name does not appear in the 22 families or anywhere in the income tax or wealth
tax directory, yet undoubtedly he is the single biggest investor on Karachi Stock
Exchange. He was perhaps Pakistan's first industrialilst to own a private Cesena
plan in the 1960's in which he used to fly down to his cement factory in
Hyderabad. His ancestors had set up the well known firm of Dada Abdullah and
Company which sent M K Ghandi popularly known Mahatama Gandhi to South
Africa, as their legal representative in the 1890.
While taking about the wealth and economic powers of the Dada family Sergey
Levin observed in his article, the Memons of Pakistan published in 1975, that "
one of the oldest commercial houses of Memons is the Dada Commercial House.
Long before the formation of Pakistan, the ancestors of present day proprietors
established a group of trade and industrial enterprises in India, Burma, South
Africa and countries of Near East. In Pakistan Dadas were among the major
importers and exporters, at the same time to a considerable extent retaining their
interests in other countries including India. The Dadas also founded a great
number of industrial enterprise in Pakistan including Asbestos Cement plant in
Karachi, Hyderabad and Chittgong, three textile companies, Oil Mills, Cotton and
chemical plants. But Dada's share in Pakistan's big business must not be judged
only on on the basis of the enterprises which they control directly. The point is
that the Dada's who have continuously held ruling positions in Karachi Stock
Exchange have made wise use of concealed form financial control. They are
junior partners in number of Pakistani and foreign monopolies and all this
provides a basis for including the Dada's among the 22 monopoly families in
Pakistan.
M A Rangoonwala, now settled in Malaysia and engaged in the export of plam oil
to Pakistan was the Memon of the Memon communityu. Born in 1924 in Burma,
he had lived like a migratory bird, leaving deep footprints at every stop. He came
to Bombay in 1934 from Rangoon to set up his family business, migrated to
Pakistan in 1947 and by 1970 his Rangoonwala-Bengali group comprised 30
companies relating to textile, food, chemical, woodworking and timber trade. He
was president of National Bank of Pakistan for seven years and represented on
the board of 40 companies not belonging to his group.
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