Who Owns Pakistan - Yimg

Ever since the creation of Pakistan, the Memons, Ismaeelis and Chiniotis have
quietly fought thier wars, away from the public eyes, to dominate the economic
landscape. There was a gas-war between the Ismaeelis and Memons in the 1960
when A K Soomar, in cooperation with the Fancy group started work on Farooq
Textile Mills, the first non-Memon textile mill in Karachi. A detailed accont of the
gas-war has been given by Sergey Levin in an article, " The uppper bourgeoisie
from the Muslim commercial communiy of Memons in Pakistan 1947-71."
According to the account Fancy group could not build a textile mill in Karachi
because of the opposition by Memons who had monopoly of the textile trade.
However Fancies controlled the Karachi Gas Company which was supplying gas
to textile mills. On the pretext of objective difficulties, fancies raised the prices of
gas which were brought down to the previous level only when they had their
textile mill.
During first Nawaz govt, All Pakistan Textile Mills Association (APTMA), not just
came to be dominated by Lahore-based textile tycoons, it was split between the
Lahore and Karachi groups. The Karachi faction was headed by Mohammad Ali
Pakolawala of Gul Ahmad Textile while the Lahore faction was headed by Mian
Mohammad Mansha.
The caretaker govt of Moeen Qureshi appointed Mohammad Ali Pakolawala as
Chairman, Export Promotion Bureau but soon after elections, Benazir Bhutto
came into power for second time and Pakolawala was replaced by a Chinioti
businessman and industrialist Mian Habib Ullah.
The tug of war between the Memons and the Chiniotis is quite open and intense.
The Memons call the Chiniotis " the Nouveau Riche" and to the Chiniotis, the
Memons are "that lot of Pakistani businessmen and industrialists who have
shifted a lot of wealth abroad."
The companies owned by Memons on KSC
S. No Name No. of companies
1 Dawood 16
2 Bawany-Alnoor 11
3 Gul Ahmad-Al Karam 9
4 Dadabhoy 5
5 Kasim Dada 4
6 Fecto 4
7 Tawakkal 8
8 Prudential 6
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