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Faizan Siddiqi Profile picture
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1 Oct, 14 tweets, 4 min read
Of Airlines, Nationalisation, Privatisation and History. Pakistan, Bangladesh & India
Across the border the Salt to Software empire of TATA is likely to take over Air India. Established by J.R.D. Tata, who was India’s first licensed pilot, the airline originally flew mail in the 1930s between Karachi in then-undivided, British-ruled India and Bombay
Orient Airways Ltd was an airline established in 1946 with its base in Calcutta, Bengal, British India. The airline shifted operations to the newly independent state of Pakistan in 1947, and was rechristened as Pakistan International Airlines in 1955.
The initial investment was provided by the Ispahani, Adamjee, and the Arag group. Mirza Ahmad Ispahani, being its first chairman.Mirza Ahmad Ispahani (1898–1986) was a Perso-Bengali businessman based in Chittagong and the patriarch of the Ispahani family.
On 11 March 1955 Orient Airways was merged with a proposed airline of the Pakistan Government and turned into Pakistan International Airlines Corporation, the national airline of Pakistan.
M.M.Ispahani Limited , also known as The Ispahani Group, is a Bangladeshi conglomerate headquartered in Chittagong, Bangladesh.Founded in 1820 it is the oldest company in Bangladesh and is owned by the Ispahani family. The group owns Bangladesh's leading tea company
as well as other major food brands in the country.It also has interests in real estate, textiles, agriculture, shipping, jute, packaging & hospitality. Whilst on our side of the pond the fate of the Adamjees the other partners in Orient Air was not the best
Adamjee Insurance (acquired by Nishat Group in 04)

Muslim Commercial Bank (nationalised in 1972 under Bhutto, Re privatised to Nishat Group)

Orient Airways (PIA in 1955)

Adamjee Industries (a textile manufacturing company in which now operates as Al-Karam Textile Mills)
Letter: Reservation of seat
for US diplomatic courier (1948)
Source: National Archives of USA
Domestic statistics for 1953 (US Embassy)
Source: National Archives of USA
Orient Airways statistics for Jan-Feb 1955
Source: National Archives of USA
You can see the stats change from Orient to National Carrier even in a short span. Sadly these are web-stats nothing from PIA or others that I could locate. The Americans were always better at holding on to our data than us.
Some interesting reads The Gambit of the Privatization of PIA cscr.pk/pdf/rb/RB%20_P… and Economic and Social Consequences of Privatisation in Pakistan library.fes.de/pdf-files/buer… and the article that kicked this all off today bloomberg.com/news/articles/…
This and last weeks combined news letter is already out, getrevue.co/profile/faizan… , if you enjoyed this thread give me a follow @faizansiddiqi for interesting business, digitization and transformation based content and what ever else the rain brings.

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More from @faizansiddiqi

Faizan Siddiqi Profile picture
10 Sep
Dollarized Talent Wars, Local Talent, HR & Culture, Saiths & Traditional Firms, Technology Horse Power & How to not go out of Business.

1)Industry Celebrates Funding Wins
2)Tech/Most other Talent sees $$s
3)Saiths asleep @ the wheel
4)People waiting
5)HR Folks have no clue
External funding is testament to two things if not more.
1) Validation of Local Markets
2) Validation of Local Talent

Talent comes in 4 Categories
1)Export Variety
2)Ppl who wish they were export variety
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4)Boston Univ
The talent spread is multilayered:
Folks working in/for:
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2) FMCGs/Local Large Cos
3) In house tech @ Saith Orgs
4) Large back offices
5) Startups(funded)
6) Startups (boot strapped)
7) Traditional companies
8) Banks
9) State orgs
Read 28 tweets
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9 Sep
Sears vs Amazon. Boring Vs New. Staying-Power vs Building-Power.

Some History:

In 1886 Richard W. Sears founded the R.W. Sears Watch Company in Minneapolis, to sell watches by mail order. He relocated his business to Chicago in 1887, hired Alvah C. Roebuck to repair watches.
They established a mail-order business for watches and jewellery. Their first catalog was offered the same year. In 1889 Sears sold his business but a few years later founded, with Roebuck, another mail-order operation, which in 1893 came to be known as Sears, Roebuck and Company
In 1895 Julius Rosenwald, a wealthy clothing manufacturer, bought out Roebuck’s interest, and he reorganized the mail-order business. Sears meanwhile wrote the company’s soon-to-be-famous catalogs.
Read 21 tweets
Faizan Siddiqi Profile picture
8 Sep
Karachi exported more than 50% of total exports. This is in-spite of:
1)PM engaging at any serious level
2)Civic infra development
3)Industrial investment by gov
4)Road + rail links (commercial)
5) Low cost housing
6)Grassroots schools

Now imagine if the IK+Govt invested in Khi
epaper.brecorder.com/2021/09/08/1-p…

4,505 companies located in Karachi (Sindh) exported $13.818 billion i.e. 50.78 percent of the country’s total exports in 2020-21 compared to 4,137 companies located in Karachi exported $10.999 billion i.e. 51.21 percent of the total exp in 2019-20.
Serious lack of moral courage and apathy, expect more from the Govt & a PM who can actually read the data.

2,262 companies located in Lahore exported $4.719 billion i.e.17.34% of the country’s total exp in20-21 compared $3.906 billion i.e.18.19 percent of the total exp in 19-20
Read 6 tweets
Faizan Siddiqi Profile picture
3 Aug
The worlds biggest party. Grand visions. Execution Capability & Life lessons. Mohammad Reza Pahlavi, also known as Mohammad Reza Shah, was the last Shah of the Imperial State of Iran from 16 September 1941 until his overthrow in the Iranian Revolution on 11 February 1979.
To organize some thing as simple as a party, one needs the focus, vision and execution capability. Or needs to hire 'operators' who can do so. I came across menu from a party that was held in the desert in Iran. I got intrigued by the machinery it would require to execute.
The 2,500-year celebration of the Persian Empire, officially known as the 2,500th Year of the Foundation of the Imperial State of Iran, consisted of an elaborate set of festivities that took place on 12–16 October 1971 to celebrate the anniversary of the founding of
Read 25 tweets
Faizan Siddiqi Profile picture
25 May
Competitive Markets, WFH, Saiths, HR & Talent. The way things are evolving & the way the pandemic is settling in we are in for the ride of a life time with regards to our markets being more closed loop than competitive. We will have further job losses led by saiths optimizing 4
Personalities vs talent and Dumb ass HR heads optimizing at the cost of the work force.If you follow me u know that I'm no fan of second, third generation led businesses run by millionaires in training who consider them selves entrepreneurs & equally not a fan of traditional HR
Heads who either due to loyalty, fear, control, coercion and lack of the saiths understanding around human capital have provided a dis service to this nations human capital.Most HR heads have a serious occupational complex. They will never be paid as much as the CXOs/professional
Read 29 tweets
Faizan Siddiqi Profile picture
5 May
The best way to manage political un reset is to make sure that political parties conduct annual elections and family at large can't be at the helm for more than a year. Interesting yet is the fact that the self proclaimed educated party members continue to rally and support
Dynastic politics. Nothing has been more responsible for the regression of the nation more than this singular unfortunate two party system for decades & now the suffering will continue for the awaam at the hands of the kids of the same leeches who have economically done us in
More fascinating is the support and endorsement 60+ yr old party members continue to give pea brained harbingers of the next generation. No better self serving insurance scheme than in Pakistan where the people pay the premium of the destruction these charlatans bring.
Read 21 tweets

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