Humza Yaqoob Tabani

Karachi construction businessman

Compiled from 1 recorded interview. Every statement below is drawn from the passage cited beside it.

Humza Yaqoob Tabani is the chairman & CEO of Tabani Group of Companies. Tabani was born and raised in a Memon family. He has said that he was always interested in doing business.

Early life and background

Tabani was born and raised in a Memon family. He has said that he was always interested in doing business. His father was the chairman of the company. [1]

Education

Tabani started his early education at a school and completed his intermediate studies at a college in Karachi. He went abroad to study for a BBA while running his own business. He completed a master's degree in 2001, and he did the last year of it at a university. He has also completed a couple of courses from LUMS. [1]

Textile business

Tabani started his career at the age of 16. While still studying, he worked at the family's textile unit after college. He has said the family textile business was the largest exporter to Russia at the time, and that its units employed more than 10,000 workers. The business exported leather garments, towels and bathrobes, and he says it had its own spinning mill and weaving looms. [1]

Airline

Tabani says the family decided to give him the airline after strong results in textiles. He was CEO from 2002 to 2006. He says that when he started in 2002, the airline had fallen from 11 aircraft to three. He says it grew to about 90,000 passengers a month, acquired Boeing 737, DC-9 and MD-82 aircraft from an American airline, and expanded across the Middle East, including Dubai, Abu Dhabi, Doha and Muscat. [1]

He says they sold the airline. He has said that his family wanted to separate because a family can become very large. He says he travelled for about a month and a quarter across London, Europe and America. He says clearing the paperwork and the mess took him six months. [1]

Construction

Tabani then started a construction business. He says he has built 950 apartments in Karachi, and that his head office is in Karachi. He says the name of a tower development was inspired by Dubai, and that it started with 10 towers and 900 apartments. He says the key feature he targeted was covered car parking for everyone. [1]

He says the whole project took about seven years and was built in two phases. He says everything stopped for six to eight months after an assassination. He says full-fledged work started in 2008 and deliveries began in 2013. [1]

Views

On regulation, Tabani says the process from plot to submission and approval involves 17 agencies. He says a Supreme Court order once barred high-rise buildings for five years. He says businesspeople face FIRs and NAB cases that lie outside their expertise. He also says licences held by firms that do not operate should be cancelled. [1]

He says the real estate market has been pumped up. He says taxpayers already in the net were pushed from 15-17% to 38%. He says exporters and importers cannot tolerate fluctuation, so a policy is needed. [1]

Tabani says exporting fabric brings no benefit. He says Pakistan's power shortage is 12,000 megawatts. He says short-term borrowing from the IMF will not benefit Pakistan. He cites a deficit of 48 billion dollars. He says Pakistan needs a road map to revive its economy under present circumstances. [1]

He says Pakistan needs a new constitution and a more accountable system. He says a technocrat government should be brought in and allowed to complete five years. He adds that a technocrat government should include businessmen on its boards. [1]

Community involvement

Tabani says he was a founder of a leadership forum. [1]

Timeline

2001
Completed a master's degree.[1]
2002
Became CEO; the airline had fallen from 11 aircraft to three.[1]
2006
CEO tenure ended.[1]
2008
Full-fledged work started on a tower development.[1]
2013
Deliveries began on the development.[1]

Appearances

DateTitleWhere
2022-10-26 Why Karachi's housing crisis is a governance problem Thought Behind Things

Frequently asked questions

Where did Humza Yaqoob Tabani study?

Humza Yaqoob Tabani started his early education at a school and completed his intermediate studies at a college in Karachi. He went abroad to study for a BBA while running his own business, and completed a master's degree in 2001. He has also completed a couple of courses from LUMS.[1]

What is Humza Yaqoob Tabani known for?

Humza Yaqoob Tabani is known for his work in construction in Karachi, where he says he has built 950 apartments. He was also CEO from 2002 to 2006 of an airline that he says grew to about 90,000 passengers a month.[1]

What business did Humza Yaqoob Tabani's family run?

Humza Yaqoob Tabani worked at the family's textile unit while still studying. He has said the family textile business was the largest exporter to Russia at the time, and that its units employed more than 10,000 workers. It exported leather garments, towels and bathrobes.[1]

When was Humza Yaqoob Tabani a CEO?

Humza Yaqoob Tabani was CEO from 2002 to 2006. He says that when he started in 2002, the airline had fallen from 11 aircraft to three.[1]

What does Humza Yaqoob Tabani say about Pakistan's economy?

Humza Yaqoob Tabani says Pakistan needs a road map to revive its economy under present circumstances. He says short-term borrowing from the IMF will not benefit Pakistan, and that exporting fabric brings no benefit. He also says Pakistan needs a new constitution and a more accountable system.[1]

How many apartments has Humza Yaqoob Tabani built?

Humza Yaqoob Tabani says he has built 950 apartments in Karachi. He says one tower development started with 10 towers and 900 apartments.[1]

References

  1. Why Karachi's housing crisis is a governance problem . Thought Behind Things , 2022-10-26.
Show the source passages (58 statements)
  1. He was born and raised in a Memon family. I was born and raised in a Memon family.
  2. He started his early education at a school. I started my early education, Beaconhouse School, jo Beaconhouse Public School ek zamane mein hoti thi, wahan I started.
  3. He completed his intermediate studies at a college in Karachi. Uske baad DHA College, jo Defence Authority College hamara Karachi ke andar hi DHA ka tha, usmein I did my inter.
  4. He went abroad to study for a BBA while running his own business. kuch course ke liye aur BBA karne ke liye main bahar chale gaya tha jahan par main apna business bhi dekh raha tha aur BBA bhi kar raha tha parallel.
  5. He completed the last year of his master's degree at a university. maine apna last semester jo pura ek saal masters ka tha woh phir maine Iqra University, jo yeh AMI bhi hai, Asian Management Institute, woh kara.
  6. He completed a master's degree in 2001. Maine masters to I was matlab maine 2001 mein complete kar liya tha
  7. He has completed a couple of courses from LUMS. I have done couple of courses from LUMS.
  8. His father was the chairman of the company. My father was the chairman of the company.
  9. He says he was always interested in doing business. I was always into doing business.
  10. He started his career at the age of 16. So I started off my career when I was just 16 years old.
  11. While still studying, he worked at the family's textile unit after college. padhai ke saath-saath college se do-teen ghante college karne ke baad aur main apna chale jata tha factory pe hamara jo textile ka unit tha.
  12. He has said the family textile business was the largest exporter to Russia at the time. Textile ke andar we were the largest exporter us zamane ke andar, Russia ke andar.
  13. The textile business exported leather garments, towels and bathrobes. We used to export textile ki saari cheezein, leather garments, towel ke saare products, bathrobe, bath gowns, slippers
  14. He has said the textile units employed more than 10,000 workers. jiske andar takreeban more than 10,000 labor kaam kar rahi thi us zamane ke andar
  15. He says the textile business had its own spinning mill and weaving looms. We have our own us zamane ke andar spinning mill thi, apni weaving ki looms lagi hui thi
  16. He says the family decided to give him the airline after strong results in textiles. Unhone mein decide hua ke isne textile mein badi achi performance kari, isko airline ka woh de dete hain.
  17. He was CEO from 2002 to 2006. So I was CEO from 2002 se leke 2006 tak.
  18. He says that when he started in 2002, the airline had fallen from 11 aircraft to three. To 2002 mein jab I started to airline 11 aircraft se teen par aa gayi thi.
  19. He says the airline grew to about 90,000 passengers a month. woh phir 90,000 passengers per month pe chali gayi
  20. He says the airline acquired Boeing 737, DC-9 and MD-82 aircraft from an American airline. Boeing 737 aur DC-9 aur MD-82s American airline se acquire karein
  21. He says the airline expanded across the Middle East, including Dubai, Abu Dhabi, Doha and Muscat. we expanded uske andar pura Middle East ka pura sector, Dubai, Abu Dhabi, Al Ain, Doha, Muscat
  22. He says they sold the airline. Humne bech di thi phir airline.
  23. He says his family wanted to separate because a family can become very large. we wanted to get separated, isliye ke aapko pata hai jab family bahut badi ho jaati hai
  24. He says that over 14 years they faced nine governments. yeh 14 saal ke andar we faced 9 governments.
  25. He says he travelled for about a month and a quarter across London, Europe and America. Main pura Europe, pura matlab yeh London, Europe, America koi sawa mahina main ghoom-phir kar aaya hoon.
  26. He says clearing the paperwork and the mess took him six months. Woh saara paperwork, mujhe 6 mahine yeh saari cheezon mein matlab is mess ko clear karne mein lage.
  27. He then started a construction business. Uske baad maine construction ka business shuru kara.
  28. He says he has built 950 apartments in Karachi. Alhamdulillah, 950 apartment banaye Karachi ke andar
  29. He says the name of a tower development was inspired by Dubai. Al-Khaleej Tower naam hi Dubai se inspire ho ke rakha tha
  30. He says a tower development started with 10 towers and 900 apartments. Al-Khaleej Towers ka and we started off with 10 towers, 900 apartments.
  31. He says the key feature he targeted was covered car parking for everyone. that was the key which I targeted ke covered car parking har bande ke liye
  32. He says the whole project took about seven years and was built in two phases. Yeh takreeban hamein 7 years, isliye ke iska pura project, isliye ke ismein humne do phase mein banaya tha.
  33. He says everything stopped for six to eight months after an assassination. jaise hi unki assassination hui to woh aapko yaad hoga 6 mahine, 8 mahine har cheez ruk gayi thi.
  34. He says full-fledged work started in 2008 and deliveries began in 2013. 2008 se usko full-fledged start kara, 2013 se phir uski deliveries dena shuru kari.
  35. He says his head office is in Karachi. jo meri head office hai na woh karachi mein hai
  36. He says the process from plot to submission and approval involves 17 agencies. yeh plot se lekar jama karane tak aur iski approval tak 17 agencies involve hoti hain
  37. He says a Supreme Court order once barred high-rise buildings for five years. 5 saal ke liye supreme court ka order tha ke koi high rise building nahi banegi
  38. He says exporters and importers cannot tolerate fluctuation, so a policy is needed. Dekhein yeh fluctuation exporter ya importer dono nahi bardasht kar sakta. So we need a policy.
  39. He says exporting fabric brings no benefit. Usne woh fabric export kar diya. Us pe koi fayda nahi hai.
  40. He says Pakistan's power shortage is 12,000 megawatts. Pakistan ki shortage 12,000 megawatt hai.
  41. He says licences held by firms that do not operate should be cancelled. Jo firm license leti hai aur operate nahi karti, license cancel karein.
  42. He says Pakistan's biggest threat is that its youth are not on track. Hamare mulk ke liye khatra yeh hai ki hamari youth track pe nahi hai.
  43. He says Pakistan needs a new constitution and a more accountable system. Pakistan 100% require new constitution, new way of system, more accountable and policy.
  44. He says a technocrat government should be brought in and allowed to complete five years. Technocrat ki government laayein aur usko 5 saal poore karayein.
  45. He says a technocrat government should include businessmen on its boards. Lekin technocrat ki government ho, businessmen usmein on board hon.
  46. He says short-term borrowing from the IMF will not benefit Pakistan. hum jo yeh short term borrowing karte hain na, 1 billion ki aur 2 billion ki IMF se aur in jagahon se, yeh Pakistan ko kabhi nahi fayda pahunchaegi.
  47. He cites a deficit of 48 billion dollars. Aapka deficit hai 48 billion dollar.
  48. He says Pakistan needs a road map to revive its economy under present circumstances. Toh hamare paas road map yeh hona chahiye ki humein hamare mulk ko isi present circumstances mein kaise revive karna hai.
  49. He says businesspeople face FIRs and NAB cases that lie outside their expertise. Hamare upar yeh FIR, hamare upar yeh NAB, hamari yeh, yeh hamari expertise nahi hai.
  50. He says there is no respect between seniors and juniors. Senior junior ki koi respect nahi hai.
  51. He says he was a founder of a leadership forum. main khud Memon Leadership Forum humne banaya hai
  52. He says the real estate market has been pumped up. To pump hua hua hai, real estate market pump hui hui hai.
  53. He says taxpayers already in the net were pushed from 15-17% to 38%. Jo tax net ke andar hain, usko 15-17% se badha ke 38% tak aap le gaye hain.
  54. He says there will be a great deal of challenge for Pakistan. Pakistan ke liye bahut challenge hoga. Mushkil hoga.
  55. He says only one to three years remain in hand to align these matters. To main yeh samajhta hoon ki abhi bhi hamare paas ek do teen saal hi haath mein hain yeh sab cheezon ko align karne ke liye.
  56. He says things will become difficult until all political parties are on the same page on a national action plan. jab tak national action plan ya woh saari political parties ek page par nahi aayengi, cheezein mushkil ho jayengi.
  57. The episode description names the guest as Humza Tabani. In tonight’s conversation with our special guest, Humza Tabani.
  58. The episode description links to a website for Tabani Group. Tabani Group’s Website: