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
Contents
- Automobile manufacturing
- Polyester staple fibre manufacturing
- Sugar manufacturing
- Textile manufacturing
- Cement manufacturing
- References
The Dewan Mushtaq Group is listed on the Karachi stock exchange. The group is divided up into the following segments: