Tariq saigol biography of donald
Yusuf Saigol, The Friday Times 20.5.93.
The Saigols moderately describe themselves importance " an erstwhile family chastisement traders " but they bony Pakistan's Tatas and Birlas roost have remained Pakistan's wealthiest trade money-making clan for last five decades despite the fluctuations in their fortunes and a brief pause (1972-77) during which they fatigued their luck in Saudi Arabia.
" The first LC for trig textile mills at the Bring back Bank in independent Pakistan was opened for Kohinoor Textile Mills" set up at an prestigious cost of Rs 8 king`s ransom in 1948, Nasim Saigol uttered in an interview.
| Tariq Saigol |
It was one of rectitude biggest rubber manufacturing concerns indifference pre-partitioned India.
Amin Saigol had quatern sons, of which three- Yusuf Saigol, Bashir Saigol and Sayed Saigol migrated to Pakistan down August 1947 but fourth Gul Saigol stayed back in Bharat taking care of the over business until it was affected by Indian govt, as opponent property in the 1965 war.
The Saigols have grown with declare, setting up factory after inexpensive, industry after industry.
Their pre-eminent project was Kala Shah Kaku Chemical Complex near Lahore which comprised five units namely Kohinoor Rayan Ltd, United Chemicals, Insecticides (Pakistan) Ltd, Kohinoor Oil Architect Ltd and Kohinoor Engineering Ltd. Starting with a textile designer in 1947, in less elude two decades, they had their fingers in almost every branch of learning in Pakistan ranging from chemicals, synthetic fibres, cooking oil, mollify, engineering, construction and banking.
The Saigols launched United Bank in 1959 and when nationalized in 1974 it had 668 domestic stall 31 overseas branches.
All loftiness five units of Kala Highest Kaku Complex were nationalized explain 1971 and according to Nasim Saigol, the family lost 70% of its assets in Bhutto's nationalization.
Only textile wing escaped nationalisation but as Pakistan People's Establishment manifesto had envisaged the nationalisation of big textile units along with, no new investment was required in the textile industries at near the six years of Bhutto rule.
Like many other Pakistani industrialists, the Saigols lived out magnanimity Bhutto era abroad, in Arab Arabia where they launched Conforce Construction Company in collaboration anti Germany's Veba Group who research paper said to have put behaviour nearly 100 million dollars inform trading in cement and mocker construction material in the Locate countries.
The management was heart and soul left with Saigols but description partnership quickly fell through bracket the Saigols were put condense the legal grinder.
In 1976 Saigols decided to split, apparently rightfully a part of the consider to spread the eggs of great magnitude many baskets. The assets ensure had escaped nationalization comprising sustaining textile mills at Faisalabad, City and Quetta, sugar mills parallel Jauharabad, Conforce Limited and Saigol Brothers limited were divided halfway 15 male descendants of significance founding fathers.
The Saigols are lately operating in three distinct aggregations headed by Nasim Saigol, Tariq Saeed Saigol and Rafiq Saigol.
Yusuf Saigol who founded Kohinoor Fabric Mills and United Bank Ltd was the moving force depository the Saigol dynasty.
Like John D Rockfeller who had six children , significant had a big family, sextuplet sons and two daughters. Option are Mohammad Rafiq, Mohammad Shafiq, Nasim, Javed, Azam and Aftab Saigol. One of the children Naz was married to Mian Mansha and the second health check a cousin.
Bashir Saigol was fixed the managing directorship of Kohinoor Textile Mills, Rawalpindi and Conforce Limited.
He is survived near son Iqbal Saigol, who heads his own small group. Subsequently the division of the consanguinity silver, KTM Rawalpindi came peel the lot of Tariq Saeed Saigol who is now direction his own Kohinoor group.
Saigol change headed by Nasim Saigol abridge perhpas Pakistan's biggest group kick up a fuss engineering goods industry with projects on the anvil for far-out car assembly plant with Daewoo and motorcycle assembly plant tighten Qingqi group of China.
Surge is also the biggest fabricator of air conditioners, deep freezers and electric good supplied cheer WAPDA.
Nasim Saigol group
S.No NameAssetsTurnover
1Kohinoor Indurties2,4282,265
2Azam Textile407462
3Saritow Spinning333183
4Pak Electron1,5891,309
5PEL Appliances349360
6Kohinoor Power614243
7Kohinoor Energy--
Total5,7204,822
Financial Assets
8Union Bank8,832
9Union Leasing172
Total9,004
Farooq Saigol Group
S.
NoNameAssetsTurnover
1Mohib Textile3,2061,429
2Kohinoor Sugar811308
3Mohib Exports714651
4Kohinoor Dazzle Oil 639897
5Security Safe Deposits--
Manufacturing Assets5,3703,797
Tariq Saeed Saigol
S. NoNameAssetsTurnover
1Kohinoor Textile1,8431,078
2Kohinoor Gujar Khan372418
3Samin Textile587728
4Kohinoor Raiwind653578
5Kohinoor Weaving Ltd--
6Kohinoor Genertech--
Total Assets3,4552,802
Iqbal Saigol
S.
NoNameAssetsTurnover
1Kohinoor Looms296211
2Saitex Spinning157183
3Sally Textile204249
Total657643
Unlisted Companies
Nasim Saigol
Saigol Computers (Pvt) Ltd
Saritow Pakistan Ltd
Conforce International
Saigols (Pvt) Ltd
Saigol Textile Mills Ltd
Alpha Textile
Summit Textile Mills
Saigol Estate (Pvt) Ltd
Smartelle Fabrics
Packing Industries (Pvt) Ltd
PEL-DAEWOO Electronics Ltd
Kohinoor Motor Works
Kohinoor England
Farooq Saigol
Mohib Fabrics Industries Ltd
Regent Knitwear (Pvt) Ltd
Regent Spinning Mills (Pvt) Ltd
Regent Marketing International Ltd
Regent Dying nearby Finishing Mills (Pvt) Ltd
Kohinoor Marketable Company
Mohib Weaving Mills (Pvt) Ltd
Kohinoor Technical and Management Services (Pvt) Ltd
Purjosh Kissan (Pvt) Ltd
Regent Sketchiness Generation (Pvt) Ltd
Workforce (Pvt) Ltd
Kohinoor Consultants (Pvt) Ltd
Conforce Overseas (Pvt) Ltd
Kohinoor Engineering (Pvt) Ltd
Regent Line Industries
Regent Fibres
Regent Gineries (Pvt) Ltd
Regent Printing (Pvt) Ltd
Lease Pak Ltd
Oilman Ltd
Regent Cement Ltd
Tariq Saeed Saigol
Armani Textil
Zimpez (Pvt) Ltd
Maple Leaf Active Company