Bawany GroupBorn in 1882 and 1890 respectively at Jetpur, Kathiawar, Ahmad Karim Ebrahim Bawany and Abdul Latif Ibrahim Bawany founded the Bawany dynasty. Migrating to Burma towards the end of 19th century, the two brothers reportedly made their initial fortunes by selling cloth as vendors on bicycles from village to village. They incorporated their first…
Esmail Ali who was from Gujarat in Western India began the Khoja Mithabhai Nathoo Trading Company in 1841. Joining the firm in 1891, his son Esmail Habib established Habib and Sons in 1922, with the famous Habib family logo, the Lion of Ali and the sword of Ali, Zulfiqar, above it. When Seth Ismail Habib…
Natural disasters are notorious for two things – one, unleashing an era of human suffering and two, putting the moral compass and learning effectiveness of the ruling elite and the state under the microscope! In the recent floods, hitting vast swathes of Pakistan, the former was unfortunately on ample display and the latter was repeatedly…
A 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. To quote the New York Times, “An early proponent…
The arms race between India and Pakistan has always remained a gravitational point of South Asian regional politics. The decades-long multileveled hostility between New Delhi and Islamabad have always attracted the attention of the international community towards the strategic competition of South Asian nuclear powers, India and Pakistan. The two governments have developed uncompromising positions…
The Taliban 2.0 regime has stayed put in power for more than a year. As they marked their one-year rule on August 15, 2022, it was a muted affair. The mood in the capital, Kabul, was dull and there was hardly anything to cheer for the militia leaders, who are longing for recognition to this…
Context As great power competition has gradually picked pace, it was assumed that the Campaign Against Extremism has subsided. In fact, US has admitted that this campaign has distracted it from preparing and dealing with global adversaries such as China and Russia. However, recent events have demonstrated that the character of the campaign has changed…
The Indian quest for maintaining its regional hegemonic status in the nuclearized subcontinent led New Delhi to acquire advanced weapon systems against its territorially adjoining nations. The Indian decision-makers have recognized the role of strong Armed Forces as an essential element of New Delhi’s strategic thinking, which is persistently focusing on expanding Indian borders in…
Family firms are the most typical business organizational form, in most Asian countries (excluding modern China) they are often the oldest as well. Representing more than 80% of all (private and public) corporations across a vast swath of industries they are a third of the value of listed firms. Private ownership in China has only…
The dominance of family firms across the world is now well established: Among the largest publicly traded companies, family firms account for 44% of large firms in Western Europe, over 66% in East Asia, with their dominance in around the world being stronger in countries with relatively weaker capital markets and institutions. Family firms’ dominate…
