With Ali Khan departing, the Muslim League's parliamentary wing disintegrated, with many Muslim members joining the either Democratic Party, originally organized by Ali Khan inand the Congress Party. At the deputation in England, Ali Khan made close study of organizing the political parties, and would soon return to his country with Jinnah. Ali Khan and his wife spent most of their time convincing Jinnah to return to British India to unite the scattered Muslim League mass into one full force.
An idiosyncratic blog on political and other happenings in Pakistan. Monday, May 28, The Rich and Infamous? Sukh Chayn Gardens is planned to be a walled and gated community with 24 hour armed security patrols.
So far it sounds like another fancy suburb for the newly rich and not so famous. But its potential for high scandal lies in the names of its sponsors and how it was financed.
According to a recent newspaper report: Ejaz Rahim is a partner in one of the biggest housing project in Lahore, while the president of Faysal Bank, Farooq Bengali also holds share in this housing project. Bengali along with Ejaz Rahim, is facing charges of benefiting from a conflict of interest situation by investing personally in a scheme where his bank was the financier.
They both invested in a housing project of Habib Rafiq Developers, Alhamra Hills in Islamabad and helped many politicians and businessmen benefit from this scheme, because the project was financed by Faysal Bank.
It is widely rumoured among local banking circles that senior bankers at Faysal Bank were engaged in a wide scale front running operation that netted them an untold fortune. Another major sponsor is Arif Habib, the billionaire stockbroker from Karachi and reputed close associate of Shaukat Aziz.
It is also believed to raise additional finance, plots from the property scheme were handed over to influential people at throwaway rates.
The beneficiaries are rumoured to include leading bank CEOs of Pakistan. Local journalist Syed Saleem Shahzad writes: The name of Prime Minister Shaukat Aziz, formerly a senior official in Citi Group has also been linked to the probe, it is understood.
If this is true then it raises two questions: Normally anything bought with a suitcase full of cash looks extremely suspicious as it circumvents financial documentation. So why did this CEO use cash? This CEO has only been in charge for two years — so how did this salaried fellow make so much money so fast?
An illegal commission perhaps?Action Plan to promote workplace safety, health launched in Sindh; industrialist and business tycoon Chaudhry Munir from Rahimyar Khan has given Rs20 million as donation in the Punjab government’s relief fund.
Mian Mansha of Mansha Group, who is the richest Pakistani and runs several business companies, has also pledged Rs10 million grupobittia.com’s-who-of-biggest-private.
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