Suleman Shahbaz’s hilarious comparison of Ittefaq Group with Tata Group
In 1970, Ittefaq group did not even mark name of Tata and Berla Group of India when it was nationalized, Prime Minister's son claims: Tata Group was established in 1886 and owns $100 million worth of assets at time of formation of a Ittefaq group in 1936, historical facts
Prime Minister Shehbaz Sharif’s son Suleman Shahbaz turned out to be ignorant of history. To describe the definition of Itfaq Group, he denied the historical status of India’s Tata and Birla Group.
Suleman Shahbaz in a recent interview has ridiculously claimed that India’s Tata and Birla groups did not even have a name when the Consortium Group was nationalized in 1970.
Prime Minister Shehbaz Sharif’s son Suleman Shahbaz participated in the podcast of famous YouTuber Muzmal Hasan. During the interview, while explaining the background of the family, he said that “People may not know or they forget that our family is business first and then Entered politics, our grandfather founded Awax Group in 1937 even before the creation of Pakistan.
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He said, “In 1970, Awax Group, then known as Awax Steel Works and Awax Foundry, was the largest group in the region.” It was not known that in 1970, 10,000 employees were working permanently in Aqash Group.
He said that “At the time of Bhutto Sahib’s nationalization, Awax foundry was nationalized because its size was very large, iron smelting was being done in Awax, that factory was making defense and agricultural equipment and it was nationalized.” And overnight, we lost everything.”
“In 1970s Ittefaq Group was so big k ye Tata Birla waghera ka tou pata he nahi tha” pic.twitter.com/42ONMlwd4d
— Alina Shigri (@alinashigri) February 23, 2023
Contrary to Suleman Shahbaz’s claim, if we look at the pages of history, the facts are against his claim. Contrary to Sulaiman Shehbaz’s claim, the Tata Group came into existence in 1986, 68 years before the establishment of Awax Group, while in 1938, it was worth 100 million dollars. When Jehangirrattanji Dadabhai Tata, who took over the reins of the Tata Group, stepped down from his duties half a century later in 1988, the total value of the Tata Group had reached $5 billion.
On the other hand, when it was nationalized in 1970, even though it was one of the largest business groups in Pakistan, it still had no competition with Tata Group, because the total value of the group at that time was two and a half billion Pakistani rupees. Not more than
Critics say that in this modern era of data science when hundreds of years of history are just a few clicks away from a person, Suleman Shahbaz should study history before going into an interview so that he can avoid ridiculous claims for himself and his family. Don’t cause
