Yousuf Dewan Companies

[1][2] Its early business was focused on trading secondhand garments, procured in Karachi and sold in Delhi.

[1] After these events, leadership transitioned to Dewan Umar Farooque, the second eldest son, who expanded the business into importing second-hand clothes and tea.

[1] Polyester fibre production began in 1992 and around this time, a 12.5% sales tax was introduced on PTA and MEG.

[1] In 1994, Dewan Group undertook Pakistan's first Euro Convertible Bond issue for Unit II, as the sales tax on PTA and MEG rose to 15%.

[1] The group recorded its first net loss, primarily due to Dewan Salman Fibres' financial performance.