Family business in Pakistan The ghost of Mahbub-ul-HaqA Pakistani economist, international development theorist and politician, Dr Mahbub-ul-Haq (February 1934–16 July 1998) served as the Federal Minister of Finance of Pakistan from 10 April 1985 to 28 January 1986, and again from June to December 1988 in the Caretaker Cabinet. His list included the Dawood family Group, Saigols, Adamjees, Colony, Fancys, Valika, Jalils, Bawanys, Crescent Group, Wazir Ali Group, Gandhara Group, Ispahanis, House of Habibs, Khyber Group, Nishat Group, Beco Group, Gul Ahmed Group, Arag Group, Hafiz Group, Karim Group, Milwalas and Dadas. Today most of the original 22 families are either out of business or play a much-reduced role in current economic affairs of Pakistan. He is an example of how a family business cannot only succeed but thrive because of extraordinary leadership, not only in Pakistan and Asia but in the world. The First article is the first on the major family business in Pakistan.

Source: Pakistan Today September 09, 2022 13:31 UTC