Muhammad Ali Tabba

chief executive of Lucky Cement Limited

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

Muhammad Ali Tabba is the Chief Executive of Lucky Cement Limited. He has played a key role in the Yunus Brothers Group since 1991. His leadership also extends to National Resources Limited, a mining company focused on sustainable development in Balochistan.

Family business background

Tabba has said that Yunus Brothers was founded in 1962, when his grandfather, his father and his uncle were there. He has said the family decided in 1981 to set up a textile weaving mill. He has said they bought a spinning mill in Karachi that had gone bankrupt, after negotiating with the banks. According to Tabba, they then relocated that mill and converted the whole property into real estate, building a mall and residential towers. [1]

Lucky Cement

Tabba's father founded Lucky Cement in 1994, and production started in 1996. Tabba has said his company's production was about 1.2 to 1.3 million tons at that time and is about 15.5 million tons in Pakistan today. He has also said his company works six days a week. [1]

Tabba has said they want to export and will continue to export whether or not they make money. He has said they take a loss on cement exports. According to him, their exports go to Asia, such as Sri Lanka, and to Africa. He has also said his group set up a factory in Congo about ten years ago. [1]

Rebranding and family governance

Tabba has said the consensus was to rebrand to Lucky Group. He has said the family adopted a family constitution in 2014. In his account, the partners are equal in all the businesses they run across Pakistan and outside Pakistan. He has said the third generation is now in the business. [1]

Tabba has said they have been very successful in keeping together because no one interferes in anybody's business. He has also said they adopted exactly the same governance method in their unlisted companies as well. [1]

Mining

Tabba has said they took a lease in Balochistan from the government. He has said they have been given one lease, which is at the development phase. He has said his group formed a consortium for mining, and that the consortium brings together three Pakistani groups. He has said the group expects to know in about a year whether the mine is feasible. [1]

Tabba has described mining as a risky business with a low success rate. He has said he does not understand why Pakistan allowed unprocessed slurry to be exported. He has also said he urged the government to process minerals in Pakistan before exporting them, including at Reko Diq. [1]

Views on the economy

Tabba has said Pakistan reached macro-level stability in the last six to eight months. He has said the current account goes so far out of control that growth cannot then be sustained. He has said holistic growth comes from productivity and exports, and that Pakistan must expand its export base. He has named energy, tax, the current account deficit, the fiscal deficit and social protection as five major problems. [1]

Tabba has estimated Pakistan's economy at 500 to 600 billion dollars. He has said 7 to 8 percent GDP growth would be achievable if agriculture and manufacturing were fixed. He has said surplus money goes either into the stock exchange or into buying land. He has said interest rates swing from 6 percent to 22 percent, and that Pakistan lacks bankruptcy laws like those in America. [1]

Tabba has said an equal tax rate should be set for everyone. He has said a uniform gas tariff should be set for the rest of the people who use gas. He has said that very few of the big groups in Pakistan export. He has advised the government to work with 10 or 15 existing sectors toward at least $1 billion in exports. He has also said Islamabad should go and represent businesses across Pakistan in different cities. [1]

Views on industry and investment

Tabba has said CPEC was first presented with a large industrialization vision. He has said Pakistan did not achieve the industrialization that CPEC was meant to bring. [1]

Tabba has said electric vehicles matter for Pakistan but it is still too early for them. He has said changing a model needs about 7 to 10 million dollars of investment. He has said Pakistan's steel mill has been idle for several years, and that a petrochemical plant needs a 5 to 6 billion dollar investment. He has said he does not have much expertise in oil and gas. [1]

Tabba has said Pakistani businesspeople can comfortably handle 200 to 300 million dollar projects. He has said that for projects of a billion dollars or more, Pakistani businessmen do not have the capacity. He has also suggested that 50 or 100 good professionals pool up and bring in venture capital. [1]

Timeline

1962
Yunus Brothers is founded, as Tabba describes it[1]
1981
The family decides to set up a textile weaving mill[1]
1991
Start of Tabba's key role in the Yunus Brothers Group[1]
1994
Tabba's father founds Lucky Cement[1]
1996
Lucky Cement production starts[1]
2014
The family adopts a family constitution[1]

Appearances

DateTitleWhere
2024-11-13 Pakistan is still stuck in primary school on its economy Thought Behind Things

Frequently asked questions

Who is Muhammad Ali Tabba?

Muhammad Ali Tabba is the Chief Executive of Lucky Cement Limited. He has played a key role in the Yunus Brothers Group since 1991. His leadership also extends to National Resources Limited, a mining company focused on sustainable development in Balochistan.[1]

What does Muhammad Ali Tabba do?

Muhammad Ali Tabba serves as Chief Executive of Lucky Cement Limited. His leadership also extends to National Resources Limited, a mining company focused on sustainable development in Balochistan.[1]

What is Muhammad Ali Tabba's role in the Yunus Brothers Group?

Muhammad Ali Tabba has played a key role in the Yunus Brothers Group since 1991. He has said that Yunus Brothers was founded in 1962, when his grandfather, his father and his uncle were there.[1]

When was Lucky Cement founded?

Muhammad Ali Tabba has said his father founded Lucky Cement in 1994, and production started in 1996. He has said his company's production was about 1.2 to 1.3 million tons at that time and is about 15.5 million tons in Pakistan today.[1]

Does Muhammad Ali Tabba's company export cement?

Muhammad Ali Tabba has said they want to export and will continue to export whether or not they make money. He has said they take a loss on cement exports. According to him, their exports go to Asia, such as Sri Lanka, and to Africa.[1]

What mining work is Muhammad Ali Tabba involved in?

Muhammad Ali Tabba's leadership extends to National Resources Limited, a mining company focused on sustainable development in Balochistan. He has also said his group formed a consortium for mining and took a lease in Balochistan from the government. He has said the group expects to know in about a year whether the mine is feasible.[1]

What does Muhammad Ali Tabba say about family governance?

Muhammad Ali Tabba has said the family adopted a family constitution in 2014. He has said the partners are equal in all the businesses they run across Pakistan and outside Pakistan. He has also said they adopted exactly the same governance method in their unlisted companies as well.[1]

What does Muhammad Ali Tabba say about Pakistan's economy?

Muhammad Ali Tabba has said holistic growth comes from productivity and exports, and that Pakistan must expand its export base. He has estimated Pakistan's economy at 500 to 600 billion dollars. He has named energy, tax, the current account deficit, the fiscal deficit and social protection as five major problems.[1]

References

  1. Pakistan is still stuck in primary school on its economy . Thought Behind Things , 2024-11-13.
Show the source passages (53 statements)
  1. He has said Yunus Brothers was founded in 1962, when his grandfather, his father and his uncle were there. 1962 mein Yunus Brothers ki bunyad dali, you know, which was when my grandfather was there, my father and my uncle.
  2. He has said the family decided in 1981 to set up a textile weaving mill. in 1981, the family decided to set up a textile weaving mill, jiska naam Lucky Textile Mills rakha gaya.
  3. He has said they bought a spinning mill in Karachi that had gone bankrupt, after negotiating with the banks. spinning mill humne khareedi Karachi mein jo bankrupt hui hui thi, toh woh bankon se negotiate karke we bought that called Fazal Textile.
  4. He has said they then relocated that mill and converted the whole property into real estate, building a mall and residential towers. woh phir mill ko humne relocate karke wahan pe Nooriabad le gaye aur is poori property ko humne real estate convert karke wahan pe mall aur residential building towers humne banaye.
  5. His father founded Lucky Cement in 1994, and production started in 1996. Lucky Cement jo hai woh 1994 mein mere father ne uski bunyad rakhi. Phir uski jo production hai woh 1996 mein shuru hui thi.
  6. He has said his company's production was about 1.2 to 1.3 million tons at that time and is about 15.5 million tons in Pakistan today. Us waqt hamari production mere khayal mein takreeban 1.2, 1.3 million tons ki thi aur aaj jo production hai hamari Pakistan mein se woh takreeban 15.5 million tons ki hai.
  7. He has said the consensus was to rebrand to Lucky Group. So consensus was that we should rebrand to Lucky Group now.
  8. He has said the family adopted a family constitution in 2014. humne 2014 mein apni family constitution aur poora family ek humne ethos develop kiya
  9. He has said the partners are equal in all the businesses they run across Pakistan and outside Pakistan. equal as we say partners in all the businesses we do across Pakistan and outside Pakistan
  10. He has said the third generation is now in the business. now next generation is also in the business so G3 we call them
  11. He has said they have been very successful in keeping together because no one interferes in anybody's business. we have been very successful in keeping us together is because no one interferes in anybody business
  12. He has said they adopted exactly the same governance method in their unlisted companies as well. humne apni unlisted companies mein bhi exactly same governance method adopt
  13. He has played a key role in the Yunus Brothers Group since 1991. Since 1991, Mr. Tabba has played a key role in the Yunus Brothers Group
  14. He serves as Chief Executive of Lucky Cement Limited. including Lucky Cement Limited, where he serves as Chief Executive
  15. His leadership extends to National Resources Limited, a mining company focused on sustainable development in Balochistan. His leadership extends to numerous prominent companies including Lucky Cement Limited, where he serves as Chief Executive, and National Resources Limited, a mining company focused on sustainable development in Balochistan
  16. He has said Pakistan reached macro-level stability in the last six to eight months. in the last 6 to 8 months kaafi stability, macro level stability aa gayi hai
  17. He has said the current account goes so far out of control that growth cannot then be sustained. toh hamara current account itna out of control ho jata hai ke phir hum us growth ko sustain nahi kar sakte
  18. He has said holistic growth comes from productivity and exports. holistic growth jo hai woh aapki productivity se aati hai, aapki export se aati hai
  19. He has said Pakistan must expand its export base. humein apne export base ko expand karna hoga
  20. He has said an equal tax rate should be set for everyone. aap sab ke liye equal tax rate kar dein
  21. He has said a uniform gas tariff should be set for the rest of the people who use gas. baqi jitni bhi jo log gas use kar rahe hain, unke liye uniform tariff kar dein aap
  22. He has said that very few of the big groups in Pakistan export. Yeh jitni bhi Pakistan mein bade groups hain na, bahut kam groups hain jo export karte hain
  23. He has advised the government to work with 10 or 15 existing sectors toward at least $1 billion in exports. maine pehle bhi government ko advice di hai ki bhai aap 10 sectors ya 15 naye sectors jo already Pakistan ke andar exist kar rahe hain na, unke saath milke mashwara karke unko aap at least 1 billion dollar export ki taraf le aaye
  24. He has said Islamabad should go and represent businesses across Pakistan in different cities. Islamabad should go and represent businesses across Pakistan in different cities
  25. He has said they want to export and will continue to export whether or not they make money. so we want to export and we will continue to export whether we make money or not
  26. He has said they take a loss on cement exports. Hamein toh nuksaan hai cement export mein, but kyunki industry lag gayi hai
  27. He has said their exports go to Asia, such as Sri Lanka, and to Africa. Hamari export jo hai woh Asia mein bhi hai, uh, jaise Sri Lanka jata hai, phir Africa hai
  28. He has said he does not have much expertise in oil and gas. oil and gas ka toh mujhe itni expertise nahi hai
  29. He has said they took a lease in Balochistan from the government. humne government se Balochistan se ek lease humne li hai
  30. He has said his group's consortium brings together three Pakistani groups. ismein hamara consortium hai, you know, we put together three groups of Pakistan together
  31. He has said they have been given one lease, which is at the development phase. they have given us one lease, jo development phase pe hai
  32. He has said the group expects to know in about a year whether the mine is feasible. maybe by next year same time, we would be able to know ke whether this mine, which we have, the lease will be feasible or not to develop
  33. He has said his group set up a factory in Congo about ten years ago. jab humne Congo mein factory lagayi, uh, you know, 10 saal pehle
  34. He has said he does not understand why Pakistan allowed unprocessed slurry to be exported. Pakistan mein I don't know government ne kyun allow kiya to export slurry without being processed
  35. He has said he urged the government to process minerals in Pakistan before exporting them, including at Reko Diq. even Reko Diq mein bhi maine government ko kaha tha, yaar, ke process karke yahan se export karein
  36. He has said mining is a risky business with a low success rate. mining jo hai, yeh bahut hi uh risky business hai, jismein success rate bahut kam hota hai
  37. He has said his group formed a consortium for mining. Humne mining mein humne consortium humne banaya hai
  38. He has said electric vehicles matter for Pakistan but it is still too early for them. electric Pakistan ke liye zaroori hai, lekin it's still too early for Pakistan
  39. He has said changing a model needs about 7 to 10 million dollars of investment. ek model change karne ke liye takreeban 7 se 10 million dollar ki investment hoti hai
  40. He has said Pakistan's steel mill has been idle for several years. steel mill Pakistan ki jo, you know, pichle kai, uh, saalon se band padi hui hai
  41. He has said a petrochemical plant needs a 5 to 6 billion dollar investment. aaj aap agar petrochemical lagate hain, to aapko 5-6 billion dollar ki investment karni hai
  42. He has said interest rates swing from 6 percent to 22 percent. interest rate 6% se 22% pe chale jaate hain
  43. He has said Pakistan lacks bankruptcy laws like those in America. Aur Pakistan mein koi bankruptcy laws to hain nahi, America ki tarah
  44. He has said Pakistani businesspeople can comfortably handle 200 to 300 million dollar projects. Isi tarike se I think yeh 200, 300 million dollar ka to kaam Pakistan businessman aaram se kar sakta hai
  45. He has said that for projects of a billion dollars or more, Pakistani businessmen do not have the capacity. Jahan pe yeh billion dollar plus ki baat hoti hai na wahan pe Pakistan businessman ki capacity nahi hai
  46. He has estimated Pakistan's economy at 500 to 600 billion dollars. To Pakistan ki economy 500, 600 billion dollar ki hai
  47. He has said 7 to 8 percent GDP growth would be achievable if agriculture and manufacturing were fixed. agar hum apne agriculture sector, manufacturing sector ko durust kar le aur theek karein na, Pakistan ke andar 7 se 8 percent growth GDP achieve karna will not be a difficult task
  48. He has said surplus money goes either into the stock exchange or into buying land. jo paise surplus hote hain ya toh woh stock exchange mein invest kar deta hai ya woh zameenein khareed leta hai
  49. He has said his company works six days a week. hamari company mein to jahan main baithta hoon wahan pe to 6 days working hai
  50. He has named energy, tax, the current account deficit, the fiscal deficit and social protection as five major problems. aapke jo paanch bade problems hain na Pakistan ke jismein energy, tax, aapka jo tax jo woh hai overall culture Pakistan ka, aapka jo current account deficit hai, aapka jo fiscal deficit hai aur jo paanchwa hai woh aapka social protection hai
  51. He has said CPEC was first presented with a large industrialization vision. CPEC jab originally aa raha tha toh ek bada industrialization ke vision ke saath aa raha tha
  52. He has said Pakistan did not achieve the industrialization that CPEC was meant to bring. Hum woh industrialization nahi kar sake, hum woh us taraf apne aap ko le ja nahi sake
  53. He has suggested that 50 or 100 good professionals pool up and bring in venture capital. woh ek pool up kar lein, you know, 50, 100 achhe professionals aa jaayein, usmein venture capital le aayein