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Economic footprints

Dr Mahbubul Haq, the then Chief Economist of the Planning Commission, had declared in April 1968 that 22 groups or families were controlling a majority of industrial, banking and insurance sectors, having crucial impact on national economy. The Noons were among those identified richest families that included the Saigols, the Adamjees, the Dawoods, the Bawanys and alike.