Dewan Mushtaq Group

Dewan Mushtaq Group is an industrial group based in Pakistan. Its main fields of business cover textiles, sugar, automobiles, polyester staple fibre and equity participation in a private bank. The group is owned by Dewan Yousuf Farooqui. The mentor of this group has been the Sindh Minister for Local Bodies, Industries, Labour, Transport, sanitation, Mines & Minerals. The Dewan Mushtaq Group is one of Pakistan's largest industrial conglomerates in sectors like polyester acrylic fiber, manufacturing and automotives. Six of their companies are listed at the Karachi Stock Exchange. Dewan Farooqui Motors assembles around 10,000 cars annually under technical license agreement with Hyundai and Kia Motors of Korea. Dewan Salman Fiber ranks 11th in the world in total production capacity. The group owns three textile units, a motorcycle manufacturing concern and the largest sugar unit in Pakistan . Dewans also have business interests in India. They possess shares of Saudi Cement and Pak land Cement. They finance some 40 medical dispensaries and over a dozen schools, and fund roads/drinking water and Bio-energy infrastructures. Dewans are on their way building a $10 million SME Resources with IFC investment of $3 million. Dewans are among few thriving Urdu speaking business houses in Pakistan [1]

The Dewan Mushtaq Group is listed on the Karachi stock exchange. The group is divided up into the following segments:

Automobile manufacturing

Polyester staple fibre manufacturing

Sugar manufacturing

Textile manufacturing

Cement manufacturing

References

  1. ↑ Saad Hasan (12 May 2014). "Rise and Fall of Dewans". Tribune. Retrieved 7 August 2014.

External links

This article is issued from Wikipedia - version of the 10/30/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.