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Adamjee Group (Urdu pronunciation: [ˈaː.dəm.dʒiː] AH-dum-jee) is a group of companies headquartered in Karachi, Pakistan. The group was previously headed by Sir Adamjee Haji Dawood. As of 2007, it is unofficially estimated that the owners of Adamjee Group are among the top 40 wealthiest families in Pakistan. [1]
Karachi: Bannu Woollen Mills, Gammon Pakistan, Ghandhara Automobiles Limited, Ghandhara Industries Limited, Ghandhara Tyre, Janana De Malucho Textile Mills, The Universal Insurance Company: Dawood Group: Karachi: Engro Holdings, Dawood Lawrencepur [1] Descon: Lahore: Altern Energy, Descon Oxychem: Fauji Group: Rawalpindi
Burewala Textile Mills, acquired in 1957 from Pakistan Industrial Development Corporation and later merged into Dawood Lawrencepur Limited in 2004 [6] [7] Central Insurance Company, now known as Cyan Limited [8] [9] Dawood Mines, it was established with a paid-up capital of Rs. 0.5 million and was involved in coal mining [10] [11]
Atlas Group is a group of companies headquartered in Lahore, Pakistan. [1] [2] The group was founded by Yusuf H. Shirazi who was the chairman of Atlas Group.He was also the founder member of Karachi Stock Exchange, Lahore Stock Exchange and International Chamber of Commerce and Industry. [3]
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
In 2016, TPL Properties changed its status from a private limited company to a public company and was listed on the Pakistan Stock Exchange, following an initial public offering at a strike price of PKR 12.50. [4] [5]
The acquisition drew attention due to the significant increase in the value of Dawlance Electronics, which had been sold to Pan Asia Equity Limited by Bashir Dawood in 2013 for just $3.3 million. [8] The State Bank of Pakistan sought clarifications regarding the rapid appreciation in the company's value and the potential involvement of Dawood ...
In line with its status as a major port and the country's largest metropolis, it accounts for most of Pakistan's revenue generation. According to the Pakistan Federal Board of Revenue's 2006-2007 year-book, tax and customs units in Karachi were responsible for 70.75% of direct taxes, 33.65% of federal excise tax, and 23.38% of domestic sales tax. [3]