Word: jute
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Dates: during 1960-1969
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...signed. Russia promised a loan of $50 million for oil-well machinery and extended for another five years its oil-exploration project in Pakistan. On the economic side, trade between the two countries will be trebled, with Russia exchanging autos, tractors and road-building machinery for Pakistan's jute, raw cotton, hides and tea. Next week Ayub Khan continues his tour by jetting to Washington for conferences with President Lyndon Johnson and a five-day visit...
...interior. At best, Peru's stony Andes can support only marginal farming. Across the peaks lies the great, green montana, Peru's eastern lowland that stretches out to the Amazon and Brazil. The montana represents 62% of Peru's land area, is rich in rubber, jute, fruits, coffee, timber and grass for ranching. Yet it is home to barely 14% of Peru's people. The problem is accessibility. There are few roads and no railroads across the mountains; transportation is by air, or up the rivers...
...other mill-owners, but it came as little surprise. Gul Mohamed Adamjee, 44, has not only made his mills a South Asia showcase of enlightened management (Queen Elizabeth and Prince Philip have visited them) but has propelled himself into the industry's top position as Pakistan's "Jute King." His Adamjee Jute Mills Ltd. produce a third of Pakistan's jute goods and consume more raw jute than all of the mills in Britain, which ranks second to Pakistan in the manufacture of jute products...
Bags & Tea. In an industrial complex near Dacca, East Pakistan, some 20,-000 Adamjee workers annually produce 70 million burlap bags and 90 million square yards of cloth to be used in products as diverse as automobile seats and jute suits. Nearby, Adamjee has just opened a new factory that will ensure even greater use of Pakistan's jute crop by producing particle board out of jute stems, providing a low-cost wood substitute for lumber-poor Pakistan. He is also almost single-handedly diversifying Pakistan's industry, using jute profits to build a $2.1 million cotton mill...
Until the Moslem-Hindu partition that created Pakistan in 1947, the Adamjee family owned a jute mill near Calcutta and ran a thriving export business. Then partition left Pakistan with 42% of the world's jute crop and no jute mills. To Adamjee, a Moslem, his duty was clear. He liquidated his substantial holdings in India, moved his entire family to Pakistan, where the grateful government helped him finance the new nation's first jute mill. Today, the family's assets are $75 million. In West Pakistan, Adamjee's two brothers have constructed a $6.3 million...