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This paper focuses on the historical narrative of the establishment and development of corporate elite of Pakistan in almost twenty years which became a symbol of a success story to follow in those years. Literature cover this area under the concept of industrial development and resource allocation but less work is done on it with the Power Elite approach under political economy perspective. This paper argues that it is due to collusion and contestation of the existing elite of that time, thatdoi:10.20448/journal.500.2020.71.8.16 fatcat:hsywedt3gfgird34wxn26nzlqe