Pakistans Rich List of 2008
Short-listing Pakistan’s most influential business magnates or Groups has never been an easy task because there are the people who have been very powerful in nearly every regime that has held this country’s reins since the last 60 years and then we have had those seasonal species that maneuvered their voice to be heard better than most within the power corridors, but later vanished into the oblivion for one reason or the other. We have selected only those tycoons who have made their presence felt for a better part of country’s history, have earned consistently, have been setting up units at regular intervals or have been legends in stocks, currency or real estate business.
The list excludes many names that have previously qualified and all of Pakistan’s most prominent feudal land lords who would definitely make it to the top 10, expect the few land owners which have declared their assets and work force and registered with the CBR Islamabad. In order to promote the new and “unknown” Pakistani magnates we have excluded in previous entities.
Unfortunately, our extensive research does not currently include the names of a few stars that shone brightly amidst the galaxy of the influential creed of yesteryear like C.M.Latif of BECO- the Steel Man of Pakistan- who did make a lot of name once, but then got gifted with contentment somehow, although the late business wizard got very badly hit by Bhutto’s nationalization of 1970 which had inflicted an astounding thud to everybody in business then. Had it not been the case, many of our tycoons may well have managed to gain the kind of status greeting the likes of Birlas and Tatas in India today, if not the one saluting Bill Gates or Warren Buffet. Among these gifted individuals, you will find politicians-turned-businessmen, businessmen-turned-politicians or even the businessmen-cum-politicians. With malice towards none and with no intention to decorate somebody, We thus takes the pride of announcing these names. We hope this document will go a long way in serving as the most authentic endeavor of its kind for a very long time to come. It has been prepared very carefully in consultation with leading real estate barons, stock moguls, business leaders of virtue and senior bureaucrats at the Central Board of Revenue.
1 - Mian Muhammad Mansha Yaha Pakistan
Ranking: 1 Worth: £1.25b ($2.5billion)Industry: Businessman
Mansha has around 40 companies on board. Mansha, who owns the Muslim Commercial Bank is also setting up a $ 17m paper mill. He is one of the richest Pakistanis around. Nishat Group was country’s 15th richest family in 1970, 6th in 1990 and Number 1 in 1997. Mansha is on the board of nearly 50 companies. He is deemed to have made investments in many bourses, currency and metal exchanges both within and outside Pakistan. He could have bought the United Bank too, but then who doesn’t have adversaries. Nishat Group comprises of textiles, cement, leasing, insurance and management companies. If Mansha was bitten by Bhutto’s nationalization stint of 1970, his friends think he was compensated by Nawaz Sharif’s denationalization programme to a very good effect. There is no stopping Mansha and he is still on the move.
Nishat group assets are $4.4Billion. He is sometimes even regarded as the richest Pakistani around by his friends claiming he does not “show it off”.
2 - Asif Ali Zardari Pakistan
Ranking: 2 Worth: £900m ($1.8billion) Industry: Politics
Asif Zardari dubbed “Mr 10%” an unknown happy-go-lucky son of a small-time businessman who struck gold by marrying one of the worlds most glamorous women Former Prime Minister of Pakistan Benzair Bhutto. Taking advantage of his wife’s authority he is known to have taken kickbacks from many deals inside and outside of Pakistan. The most famous was a $4 billion deal to buy 32 Mirage jets from the French company Dassault. Documents, which include letters from Dassault executives, indicate an agreement was reached to pay a 5% “remuneration” – about $200m – to Marleton Business, a BVI company controlled by Zardari. Besides these many more kickback deals were taken with companies such as ARY Gold, Social de Surveillance (SGS), Cotecna, and ZPC Ursus, a Polish tractor company.
Zardari assets holding amount into hundreds of millions of dollars easily, Having 8 prime properties in the UK, of which once is the famous Rockwood Estate 365 acres in Surrey, worth £4.35m has now been sold and money sent back to the Govt. of Pakistan. Also 14 multi-million dollar mansions in the USA, including owning Holiday Inn hotel Houston, Texas Owned by “Mr 10%“ and Iqbal Memon and Sadar-ud-Din Hashwani.
They (Zardari and B.Bhutto) also have huge business ventures in the Middle East running into hundreds of millions if not billion mark. Mr Zardari also has huge stakes in sugar mills all over Pakistan,which include: Sakrand Sugar Mills, Nawabshah, Ansari Sugar Mills, Hyderabad, Mirza Sugar Mills, Badin, Pangrio Sugar Mills, Thatta and Bachani Sugar Mills, Sanghar.
3 - Sir Anwar Pervaiz UK
Ranking: 3 Worth: £750m ($1.5billion) Industry: Businessman
Chairman of Bestway Group. The Bestway Group started in 1976 with its first Bestway cash and carry warehouse opened in London. Today the have in total around 50 Cash and Carry’s. Including their recent takeover of rival group Batleys for around £100m. Bestway Group ventured into Pakistan’s huge the cement business in 1995 and set up cement manufacturing plant in Pakistan at a cost of $120 million.
Taking Advantage of Pakistan growing economy they also acquired a 25.5% stake in United Bank Limited in 2002. Today, the Bestway Group has interests in cash & carry wholesale, property investments, retail outlets, milling of rice, lentils and pulses, cement production and more recently into banking. The group’s total sales amounted to in excess of £ 2 billion. The group provides direct employment to thousands in the UK and Pakistan. The have many interests in Pakistan too. Sir Anwar Pervaiz and his his partners sheer hard work has bought them to outstanding international levels, which definitely makes him an ideal role model for many young Pakistanis today. He still on the move!
4 - Nawaz Sharif & Shahbaz Sharif family Saudi Arabia/Pakistan
Ranking: 4 Worth: £700m ($1.4billion) Industry: Politics/Businessman
Mr Sharif Businessman turned politician the former Prime Minister of Pakistan. He was ousted in a military coup in 1999 and was forced to forfeit $9million dollars and some of his assets including his $5m Mansion is Raiwind near Lahore. Before becoming PM he was a major share holder along with his brother and cousins of Ittefaq Group, having assets well in excess of £50m in the 90’s. However he got richer when he took commissions from foreign companies for construction in Pakistan. He build the first motorway and many new roads and took heavy kickbacks. He then also stole $100m from the Iqra funds, he started a new scheme “Ghar Apna” in which he again looted around $40m, the “Mulk swaaro” scheme involving public & govt. money collections to help pay pf Pakistan’s debts also was pocketed. Today he lives in exile in Saudi Arabia where it is known he has a new huge business empire in various sectors.
5 - Saddaruddin Hashwani Pakistan
Ranking: 5 Worth: £550m ($1.1billion) Industry: Businessman
Saddaruddin Hashwani is Chairman Hashoo Group is known for his dominance in Pakistan’s hotel industry, though Hashwanis are have huge strength in real estate business too. Hashwanis are involved in trading of cotton, grain and steel and till the nationalization of cotton export in 1974, they were widely being dubbed as the Cotton Kings of Pakistan. Today, this group has excelled in export of rice, wheat, cotton and barley. It owns textile units, besides having invested billions in mines, minerals. hotels, insurance, batteries, tobacco, residential properties, construction, engineering and information technology. In 1984, Hashwani defeated the Lakhanis in the bid for Premier Tobacco but was arrested along with his brother Akbar in 1986 for allegedly evading customs duty on cigarettes. Sadarduddin’s brother Akbar and the children of another late brother Hassan Ali Hashwani together manage around 45 companies. Akbar runs the second Hashwani Group. He is one of the most well-known magnates in Pakistan who is a regular invitee at the Diplomatic Enclave. The list of local and international bigwigs known personally to Hashwani is unending.
6 - Nasir Schon & family U.A.E/Pakistan
Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman
Nasir Schon is a prominent business leader of Pakistan and the CEO of Schon Group. Nasir Schon is the son of Captain Ather Schon Hussain, an ex-pilot of PIA. The Schon family is one of the few striving Muhajir Urdu business families in Pakistan. Starting off in Singapore in 1982, the peek of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertizilers. Famous for the trend-setting roundabout, Schon Circle, Nasir Schon is also known to be one of the first people to have a Rolls-Royce in Pakistan. Directors of Schon group flew to Dubai in 1997 in exile after the dismissal of ex-Prime Minister Benazir Bhutto. The directors of Schon group were known to have close contacts with the husband of former Prime Minister, Asif Zardari. Many assets of the Schon group were auctioned by the Nawaz Sharif government. Schon Group is the only group in Pakistan who has paid the government over 3 billion rupees ($65m) in order to return from exile. Living in Dubai gave Nasir Schon an opportunity to start businesses there. Currently working on an $830 million real estate project known as Dubai lagoon, Schon group is also fighting to get back the assets they once lost. Currently, the Schon group operates a pilot training center in Pakistan known as Schon Air.
7 - Abdul Razzaq Yakoub & family U.A.E
Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman
Mr Yakoub is a prominent Pakistani expatriate businessman based in Dubai. He is the president ARY group ($1.5Billion turnover) and World Memon Organization (WMO). He is one of Pakistan’s biggest media barons controlling around 7 channels. Besides this he has a huge property holdings in Karachi, Islamabad and Dubai amounting to over $200m. He is major in the gold market also having around 20 outlets in Asia. He has also been involved in paying Asif Zardari $5m in 1990’s for allowing him to import/export gold. Which he denies and claim’s is government forgeries.
8 - Rafiq Habib & Rasheed Habib Pakistan
Ranking: 7 Worth: £450m ($900) Industry: Businessman
Legend has it that the Goddess of Wealth has been in love with the seasoned Habibs more than anybody else in Pakistan. Most pundits believe that Habibs own at least 100 companies throughout the world, but these content mega-tycoons never boast off, something which has made it uphill for most to predict about their financial standing. This industrial group was founded by Seth Habib Mitha, born in 1878 to Esmail Ali-a factory owner in Bombay. The financial strength of the Habibs can be gauged from the fact that Muhammad Ali Habib gave a cheque of Rs 80 million to Quaid-e-Azam in 1948 at a time when Pakistan government was penniless owing to delay in transfer of Pakistan’s share of Rs. 750 million by the Reserve Bank of India. They had offices in Europe in 1912. They incorporated the Habib Bank in 1941. They own the Habib Bank A.G Zurich, Bank Al-Habib, Indus Motors assembling Corolla cars and many dozens of units in sectors such as jute, paper sack, minerals, steel, tiles, synthetics sugar, glass, construction, concrete, farm autos, banking, oil, computers, music, paper, packages, leasing and capital management. Habibs today are headed by Rafiq Habib and Rashid Habib in two distinct groups. What makes them extremely influential players of all times is the fact that for dozens of top businessmen today, Habib were a myth once.
9 - Tariq Saigol & Nasim Saigol Pakistan
Ranking: 8 Worth: £425m ($850) Industry: Businessman
Hailing from Jhelum. The pioneer of the Saigol dynasty in 1890 was Amin Saigol who established a shoe shop that eventually transformed into Kohinoor Rubber Works. And then times saw them shining literally like the Kohinoor until their progress was halted by Nationalization in which they lost two-thirds of their wealth. Saigols got trifurcated in 1976 and 15 descendents of Amin Saigols four sons got a share. The name of the Saigols has been used in this part of the world as similes describing quantum of wealth. Yousaf Saigol, along with his brothers Sayeed Saigol, Bashir Saigol and Gul Saigol then nourished an excellent crop. In 1948, Saigols established the Kohinoor Textile Mills with a cost of Rs 8 million and this group happens to be the first to open an LC with the State Bank of Pakistan. They bought the United Bank in 1959 and then witnessed five of their units getting nationalized. They lived in Saudi Arabia during the Bhutto regime. Today, cousins Tariq and Nasim are holding the family’s fort together and have risen to unprecedented heights in individual capacities. NAB did haunt Nasim but Tariq spent more time either accepting or refusing prized slots everywhere. Tariq is the one of the finest business brains around.
10 - Dewan Yousaf Farooqui Pakistan
Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman
Mr Farooqui. The mentor of this group has been the Sindh Minister for Local Bodies. Industries, Labour, Transport, Mines & Minerals. Dewan Mushtaq Group is one of the Pakistan’s largest industrial conglomerates in sectors like polyester acrylic fiber, manufacturing and automotives. Six of their companies are listed at the Karachi & stock Exchange and one at the Luxembourg bourse. Dewan Farooqui Motors assembles around 10,000 cars annually under technical license agreement with Hyundai and Kia Motors of Korea. The Dewan Salman Fiber is the pride of this empire as it ranks 11th in the world in total production capacity. The group owns three textile units, a motorcycle manufacturing concern and the largest sugar unit in the country. Dewans also have business interests in India. They possess dozens of millions of shares of Saudi Cement and Pak land Cement. They also have the franchise licence for BMW in Pakistan and now Rolls Royce showrooms.
11 - Sultan Ali Lakhani & family Pakistan
Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman
The Lakhanis are currently having a hard time at the hands of NAB. Sultan Lakhani and his three brothers run this prestigious group and the chain of McDonald’s restaurants in Pakistan. NAB has alleged the Lakhanis of having created phoney companies through worthless directors and raised massive loans from various banks and financial institutions. Sultan is currently abroad after having served a jail term with younger sibling Amin, though the latter was released much earlier. NAB had reportedly demanded Rs 7 billion from Lakhanis, but later agreed they pay only Rs 1.5 billion over a 10-year period. Lakhanis, like their arch-rivals Hashwanis, are the most well-known of all Ismaeli tycoons. Their stakes range from media, tobacco, paper, chemicals and surgical equipment to cotton, packaging, insurance, detergents and other house-hold items, many of which are joint ventures with leading international conglomerates. Though Lakhanis are in turbulent waters currently, the success that greeted them during the last 25 years especially has been tremendous. They have rifts with large business empires despite being known fur their genteel nature. Whether it is any government in Sindh or at the Federal level, Lakhanis have had trusted friends everywhere, though the present era has proved a painful exception.
12 - Malik Riaz Hussain Pakistan
Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman
Malik Riaz Hussain heads the massive project which is currently developing state-of-the-art schemes in Lahore, Karachi and Rawalpindi/Islamabad. Emerging out of the blue, this developer has reportedly developed tremendous connections where it matters in Pakistan-One of the few reasons why his constructed projects get completed in time without hindrance. Whether he has gifted bungalows free of cost of country’s bigwigs or offered them at highly concessional rates, the reality on the ground is that Malik has managed to mesmerize most through his generous wallet. His land-holdings both within and outside Pakistan amounts to nearly a billion dollar. He is the man behind the Bahria Town. Irrespective of who is in power; he continues to build house after house-swelling his wealth. He is also the first man to drive a Bentley car on Pakistani soil.
13 - Sheikh Abid Hussain alias Seth Abid Pakistan
Ranking: 10 Worth: £390m ($780) Industry: Businessman
Sheikh Abid Hussain alias Seth Abid. He is one of the most resourceful developers/builders in the country owning vast stretches of land in major cities. On this land worth many billion of rupees, Seth has constructed residential schemes under the brand name of “Green Fort.” Seth came into this business after decades of notoriety as being one of the spearheads in cross-border smuggling. While many remember Seth for his allegedly illegal trading stints, a lot of informed circles still say with conviction that he, along with Dr.Qadeer and former Premier Bhutto, was the brain behind the success of Pakistan’s nuclear programme. About three dozen of Seth’s very close relatives, friends and nephews are members of country’s bourses and for many years now, the Seth Abid group assumes the role of king-makers during the annual polls of these stock exchanges. He is a leading investor in stocks, metals and currency but what gives him immense pleasure is his philanthropic institution Hamza Foundation that he sponsors for the welfare of deaf and dumb children. Pakistan has not had a single ruler, politician, bureaucrat or Army General who doesn’t know the Seth who is more of a myth for most. The Seth, throughout his life, has avoided publicity-a fact known to most journalists.
14 - Mian Mohammed Latif Pakistan
Ranking:11 Worth: £350m ($700) Industry: Businessman
Chenab Group Mian Muhammad Latif supervises this group along with his brother Mian Ashfaque- a legislator in the National Assembly of Pakistan. Founded in 1975, Chenab Limited set up its first fashion outlet “Chen One.” Chen One has seven outlets throughout Pakistan. After establishing its retail chain stores in various cities of Saudi Arabia, the group is now planning to establish its new retail chains in Bahrain, UA.E, Qatar, Kuwait and Central Asian Republics. While Chenab Group is an eight-time Export Trophy winner, its Chief Mian Latif has won the ‘Businessman of the Year award on four different occasions from various business bodies. Chenab is principally engaged in manufacture and distribution of clothing, furniture goods, including non-iron suit, quilt cover and curtains etc. Chenab processes 50 million square metres fabric weaving and 75 million square metres fabric dyeing every year and has established a global sales network spanning across five continents. Chenab is licensed to the Swedish Texcote Technology in the manufacturing and sale of textile materials, garments and textile house-hold goods. The group’s textile products have been awarded the Oekotex 100 accreditation.
15 - Haji Abdul Ghafoor & Haji Bashir Ahmed Pakistan
Ranking: 12 Worth: £330m ($660) Industry: Businessman
Sitara Group Started its activity with textile weaving as early as 1956, under brothers Haji Abdul Ghafoor and Haji Bashir Ahmed. It is now its textile cloth finishing and processing, textile spinning, chlor-alkali sector and in power generation. The units owned by this establishment include Sitara Chemicals, Sitara Chemicals (Textile Division 1) and Sitara Chemicals (Textile Division 11), Sitara Textiles, Sitara Energy and Yasir Spinning. The charities being managed under the aegis of Sitara group are Aziz Fatima Hospital, Ghafoor Bashir Children Hospital and Aziz Fatima Girls School. Sitara’s name with the industrial City of Faisalabad is synonymous. They are the decades-old veterans in business, who have excelled in leaps and bounds. At their units, the owners of Sitara use technology imported from Japan, UK and Germany and are export leaders in bedding and fabric collection to South America, USA, Canada, New Zealand and Europe. Their textile divisions together operate at strength of 33,984 spindles. The Sitara (group, to a common man, is more famous for its lawn brands like Sitara Sapna and Mughal-e-Azam. The men at helm of affairs in Sitara hardly believe in setting up dozens of units, of which they are otherwise very much capable of.
16 - Sheikhani Family Pakistan
Ranking: 13 Worth: £300m ($600) Industry: Businessman
They are one of the most reputed land developers in the country. The Sheikhani, although not a very big industrial establishment by any means, are led by Abu Bakar Sheikhani. The Sheikhanis are famous for their construction and land development-related errands. Abu Bakar is deemed to be one of the largest investors in real estate trade at Gwadar Port. He has all the right connections that are required to be in such business. Despite being well known to the national political circles, the man in street knew more of him during March/April 1991 when he surfaced as the single largest contributor to then Premier Nawaz Sharif’s Debt Retirement Fund with a donation of $ 8million. Today, his adversaries dub him a land mafia man, alleging him for selling his Gwadar land at only $ 4000 per acre only to senior Army officials while the same was being sold at $ 2,50,000 per acre to ordinary investors. But that is the way Sheikhani runs his vast land/construction empire. Accusations don’t disturb Sheikhani, who according to many large developers is a man who has managed to create tremendous impression in land business. The rumours of his landing in any Pakistani City for land acquisition purposes, helps the price of real estate surge unprecedented overnight
17 - Razzaq Dawood Pakistan/UAE
Ranking: 14 (tied at 14) Worth: £250m ($500) Industry: Businessman
Razzaq presently heads one of Pakistan’s biggest construction and engineering conglomerate know as Dawood group/Descen group. With a roaster of impressive clients. His group has won many contracts in Dubai, Saudi Arabia and Iraq and employ’s over 1,000 people directly. His name was more prominent among the top 22 richest families in 1970 until the Bhutto nationalization which then made him set up abroad, he returned to Pakistan in the early 90’s and started from scratch and today makes it in the top easily. The group also has investment of $300m in Bangladesh in investments in fertiliser, energy and infrastructure and development sectors.
18 - Byram Dinshawji Avari Pakistan
Ranking: 14 (tied at 14) Worth: £250m ($500) Industry: Businessman
Byram Dinshawji Avari is a prominent Pakistani Parsi tycoon in Karachi, Sindh, Pakistan. Together with his sons Dinshaw and Xerxes and their direct families, he owns and operates the Avari Group of companies, of which he is the chairman. Hotel management is the Avari Group’s core business. In Pakistan, the group owns and operates Avari Hotels which includes 5-star deluxe hotel in Lahore, the 5-star Avari Towers and the seafront Beach Luxury Hotel in Karachi. The group is also actively pursuing opportunities for owning and/or managing 3 and 4-star properties elsewhere in Pakistan. The Avari Group is the first Pakistani company to have obtained international hotel management contracts: they operate the 200-room 4-star hotel in Dubai in United Arab Emirates and manage the 200-room Ramada Inn in Toronto at Pearson Airport in Canada.
19 - Rafiq Rangoonwala Pakistan
Ranking: 15 (tied at 14) Worth: £240m ($480) Industry: Businessman
Mr. Rafiq Rangoonwala, Chief Executive Officer Cupola Group of Companies, was born in Karachi, did BA (Hons.) from University of Karachi, went to United States of America in 1979, and did Executive Development Course from Whittemore School of Business, University of New Hampshire along with several management courses from U.K, U.S, Canada, Australia and Singapore. In 1980, he started his career in Fast Food restaurants from KFC in Houston. Since then he has managed several other brands alongside KFC like Pizza Hut, Harry Ramsden’s, TGI Fridays, Pizza Express etc. e joined Artal Restaurants International as CEO in October 1999 and is currently heading Cupola Group of Companies who has franchise rights in Pakistan for KFC, Indulge, Freshens and Casa. The associate Investment Company of Cupola is AL ABRAJ, with approximately US $400 million under management.
20 - Shimmy Querishi USA
Ranking: 15 (tied at 15) Worth: £240m ($480) Industry: Businessman
A jet-setting international businessman who fly’s by jet and swings a polo mallet with some of the world’s top players, Qureshi seems a model of successful enterprise. Shimmys business interests are mainly property, which with the boom and his holidings has took his wealth to a new level. Although people may remember him for his stunt in the early 90’s with George Lindemann, the billionaire founder of Cellular One, when Lindemann took him to court claiming he has cheated them in to a deal to buy their home on Hurlingham Drive in Wellington for $3.5 million. A year before the Lindemanns filed their suit, Qureshi bartered with another wealthy family – the al-Thanis, who rule the Arab country of Qatar – to buy Gulf Union Bank in the Cayman Islands.
In May 1997, the al-Thanis agreed to sell Gulf Union to International Business Holdings – a Cayman Islands company owned by Qureshi – for $4.5 million, according to court records.
While Cayman Islands officials were reviewing the deal, Qureshi named an associate, Kazmi, to run Gulf Union and a subsidiary, First Cayman Bank. Within three months, Kazmi, acting at Qureshi’s direction, had shunted more than $5 million from First Cayman into his own account and into accounts held by Qureshi and the al-Thanis. Shimmy Qureshi also fully manages all the properties in the USA owned by Asif Zardari.
21 - Faruque Khan Pakistan
Ranking:15 (tied at 15) Worth: £240m ($480) Industry: Businessman
The late Khan Bahadur Ghulam Faruque Khan (18991992) was a politician and industrialist of Pakistan. He belonged to the village Shaidu in Nowshera District, Nowshera is the home of the famous Pashtun Tribe the Khattaks of the NWFP Province in Pakistan. Because of his contribution to Pakistan’s Industrial development he is sometimes described as “The Goliath who Industrialized Pakistan., today his family own Cherat Cement Company Ltd. Cherat Papersack Ltd. Cherat Electric Ltd. Mirpurkhas Sugar Mills Ltd. Faruque (pvt) Ltd Greaves Air-Conditioning(pvt) Ltd Greaves Engineering Services(pvt) Ltd Unicol Ltd.- A JV Company Madian Hydro Power Ltd. – A JV Company Zensoft (pvt) Ltd and prime properties around Pakistan
22 - Shahid Luqman UK
Ranking: 16 (tied at 16) Worth: £230m ($460) Industry: Businessman
Shahid Luqman, born in Gujrat, is a financier from Manchester and has founded ‘Pearl Holdings’ for the property finance market He is a prominent property developer in the UK and in Pakistan is projects run into multi-million pounds. He also runs a loan facility. Although in the past it has been noticed of him filling bankruptcy and pocketing huge unpaid loans.
23 - Mukhtar Ahmed Pakistan
Ranking: 16 (tied at 16) Worth: £230m ($460) Industry: Businessman
Late Haji Sheikh Mohammad Ibrahim, founder of the Ibrahim Group, settled in Faisalabad after partition of India in 1947 and re-established his ancestral business of cloth trading by the name of “Ibrahim Agencies”. What is known in business today as Ibrahim Group with diversified business interests from Spinning to PSF, Financial Institutions to Banking and Energy, started off as a mere cloth trading agency just half a century ago. Recently Mr Ahmed bought a stake in the Allied Bank at $300m.
24 - Aqeel Karim Dhedi Pakistan
Ranking: 16 (tied at 16) Worth: £230m ($460) Industry: Businessman
Starting from interests in real estate and stock-broking in the year 1947, the late Haji Abdul Karim Dhedhi (may he rest in peace) laid the foundation of what today is the AKD group of companies, one of the largest domestic business enterprises in Pakistan with a combined net worth of over US$ 1 billion, of which Mr Karim share is at $400m. Mr. Aqeel Karim Dhedhi, son of (late) Haji Abdul Karim Dhedhi, is the Chairman of the AKD Group. He has built the AKD Group as a leading and vibrant set of business enterprises operating in key sectors of Pakistan’s economy, ranging from stocks and shares, media, textile, real estate and Oil and Gas exlporation. Yet AKD is still on the move!
25 - Syed Family Pakistan
Ranking: 17 (tied at 17) Worth: £220m ($440) Industry: Businessman
Listed on all three stock exchanges in Pakistan, Packages Limited has maintained a long-time credit rating of AA. The joint ventures and business alliances with some of the world’s biggest names reflect our forward-looking strategy of continuously improving customer value through improvements in productivity. The group also acquired a good number of Coca Cola plants in Pakistan. Its famous brands include Nestle Milk Pak, Treet, Mitchells and Tri Pack Films. It has stakes in the textile, dairy, agriculture and rice sectors too. The group’s contributions towards the cause of an independent Pakistan are unprecedented are the only packaging facility in Pakistan offering a complete range of packaging solutions including offset printed cartons, shipping containers and flexible packaging materials to individuals and businesses world-wide. They employ over 4000 people.
26 - Saif Family Pakistan
Ranking: 17 (tied at 17) Worth: £220m ($440) Industry: Businessman
Is owned and operated by the sons of famous NWFP lady politician Begum Kalsum Saifullah. Her eldest son Javid Saifullah heads this very powerful business group. Javid obtained his Master degree in Business Administration from the University of Pittsburgh, USA in 1973, followed by diversified experience of over 30 years in textiles, telecommunication, cement and Information Technology. He also remained the Chairman of All Pakistan Textile Mills Association (APTMA) for two years and NWFP for seven years. He has also been the member Task Force IT & Telecommunication Advisory Board, Ministry of Science and Technology, Member of Task Force (Liberalization & Privatization of Pakistan Telecommunication Company Limited), Ministry of Science & Technology) Javed Saifullah Khan is looking after the group businesses for the past 20 years. Saifullahs are in power always, in one form or the other. Javaid’s brothers Anwar Saifullah Khan (Former Federal Minister), Salim Saifullah Khan (king-maker in NWFP polities) and Osman Saifullah (another APTMA & wizard) have very close family ties with a lot of key politicians in the country, besides being related directly or indirectly through marriages to the families of a few leading and famous Army Generals who ruled Pakistan.
27 - Jehangir Elahi Pakistan
Ranking: 18 (tied at 18) Worth: £200m ($400) Industry: Businessman
Jehangir Elahi is brother in law of Mian Mohammad Mansha and is ranked among the tycoons in Pakistan. He has launched several projects as joint ventures with Mian Mohammad Mansha, as for example Genertech, one of the earliest private sector power plants conceived in Pakistan. Independently his group has four companies listed on the stock exchange.
28 - Sherazi Family Pakistan
Ranking: 18 (tied at 18) Worth: £200m ($400) Industry: Businessman
This group was founded by Yousaf Sherazi, a former Income Tax official and journalist in 1962 with a capital of Rs 03 million only. The first company set by the Atlas Group was Sherazi Investments (Pvt) Limited and since then, there is no looking back. The East Pakistan tragedy, however, nearly crippled Sherazi but he never lost hope and went out forming numerous joint ventures with leading Japanese concerns like Honda. Atlas-Honda today is a name to reckon with in country’s engineering sector and associated with this just one name are hundreds of vendors. He holds stakes in insurance, financial services, information technology, leasing, warehouses, office equipment, motor cars and motorcycle-assembling units, besides running a renowned firm that manufactures batteries. Sherazi owns the Atlas Investment Bank too. The Federal Budget 2004-05 is perhaps the only budget in country’s history that has hit the very influential car manufacturers on the head, otherwise people like Yousaf Sherazi have always managed to dictate terms where it matters. The Atlas Group owns no less than seven companies quoted on the stock exchanges of Pakistan. The group’s assets are believed to have touched the hundreds of millions dollars mark and so have the sales.
29 - Noon family Pakistan
Ranking: 19 Worth: £190m ($380m) Industry: Businessman
Noon family comes from Tiwana family from Mitha Tiwana. The Tiwana family lives in an old historical village in Khushab district. The Tiwana caste is a very popular landholding and influential political caste in the Khushab district. The Noon Family own 27 villages in Bhalwal and Bhera. The fields of these villages are very cultivated and fertile. The Landlord Noon family created many bankers, industrialists, ambassadors and politicians for Pakistan. The Noon family is very popular in the area because of their character , their attitude,their behaviour with the people and helps the poor and needy people in the area without any prejudice so Noon family is very well-wisher,well-behaved ,sympathetic with the area. On their land they own over 40 factories on total ranging from brick manufacturing to cotton farms and production. They are a tax paying landlords for this reason they are the only feudal lords including in this edition.
30 - Mian Abdullah Pakistan
Ranking: 19 Worth: £190m ($380m) Industry: Businessman
One of the largest manufacturers and exporters of textile products in Pakistan, Sapphire technology comes from Europe, Japan and USA. Capitalizing on the region’s principal crop, cotton, we source this locally, and augment our offerings by providing imported fiber from the world’s best crops. We work with specialized fibers bringing in the newest innovations from major fiber and chemical producers, and our manufacturing from yarn to finished fabric is performed in our facilities in Pakistan. Synergies are formed with offshore garment manufacturing companies. Our products are marketed to the industry’s biggest names in Asia, Europe, Australia, and North America. Over 14,000 employees ,Annual turnover US $ 500 Million
Headed by a veteran industrialist Mian Abdullah, this splendid empire owns 11 yarn spinning plants (producing 60,000 tonnes of yarn annually), 3 woven plants of greige fabric ( producing 50 million metres annually), one yarn dyeing plant (capacity 5 tonnes per day), one knitting unit (10 tonnes per day), one knitted fabric dyeing plant (10 tonnes per day), one woven fabric dyeing and finishing plant (1.2 million metres per month) and three power plants having the capability to produce 40 MW of energy. Sapphire forms synergies with off-shore garments companies. The group markets its products in biggest brand names in Asia, Europe, Australia and North America. Sapphire started with one spinning mill in 1969 and employs over 10,000 people. Mian Abdullah’s repute can be gauged from the fact during the October 2003 minis at APTMA, more than 1000 textile millers bad tendered their resignations against incumbent Chief Waqar Monnoo to him. Dozens of leading tycoons had proposed his name to head APTMA in case of an interim setup. Having an influence among textile millers is no easy job but Mian Abdullah stands privileged in this context He is often seen part of the entourages of key business leaders to foreign countries and provides input to fellow colleagues whenever requested.
31 - Shahzad Family Pakistan
Ranking: 20 (tied at 20) Worth: £170m ($340m) Industry: Businessman
Shahzad Group is a reputable name which takes pride in being identified as a beacon of business development involved in almost all avenues of Nation building activities i.e. Energy, Communications, Minerals, Construction, Geophysical survey, Security and many other ventures. Shahzad Group has , by itself, and in some cases in collaboration with foreign and local partners, who are the leading brand names in the world, identified, initiated, supervised and successfully completed major business ventures. Shahzad Group prides itself for its accomplishments during almost three decades of business activity. The Group has actively participated in enhancing Pakistan’s international competitiveness and social development, and for promotion of foreign and domestic investment in business ventures. It takes pride in delivering quality products, solutions and services that obtain a competitive advantage over others.
The Group is a wholly owned Pakistani establishment with offices in Calgary (Canada), Houston (USA), London, Kuwait, Beijing and Singapore, with a strong presence in various other metropolises all over the world. Shahzad International Group of Companies,Oil and Gas,Gold and Minerals Mining,Geological surveys,Defence supplies,Travel and Tour Operators,Flash security services and Trading Worldwide.
32 - Nazir Family Pakistan
Ranking: 20 (tied at 20) Worth: £170m ($340m) Industry: Businessman
One of Faislalabads most prominent families is the Haji Nair family. Owning Masoos textiles, Mahmood Textiles, Asim Textiles and power generation plants. Son of Mr Nazir Shahid Nazir is also a prominent politician.
33 - Abdul Bhati UK
Ranking: 21 (tied at 21) Worth: £150m ($300m) Industry: Businessman
Bhatti, 71, is a director of London-based wholesaler Bestway, which saw profits up 27% in 2005-06 at £73m on a turnover up 26% at £1.7 billion. Bhatti and his family have a stake worth £140m as well as other assets.
34 - Adalat Chaudhary UK
Ranking: 21 (tied at 21) Worth: £150m ($300m) Industry: Businessman
Director of the London-based Bestway cash-and-carry business established by Sir Anwar Pervez.
35 - Younis Sheikh UK
Ranking: 21 (tied at 21) Worth: £150m ($300m) Industry: Businessman
Bestway director Sheikh, 70, London cash-and-carry business Bestway continues to thrive.
36 - Chaudrey Zameer UK
Ranking: 21 (tied at 21) Worth: £150m ($300m) Industry: Businessman
Finance director of the London-based Bestway cash-and-carry business started in 1976 by Anwar Pervez . In 2004 Pervez stepped down as managing director, Choudrey took over. In 2005-06 Bestway profits rose 27% at £73m on turnover up 26% at £1.7 billion. Choudrey and his family have a 10.1% stake. They also own 70% of the Buybest supermarket chain in UK
37 - Zafar Iqbal Khwaja Pakistan
Ranking: 21 (tied at 21) Worth: £150m ($300m) Industry: Businessman
Zafar Iqbal Khawaja (born January 3rd, 1952) is a prominent Pakistani businessman who owns a number of companies around the world. He is better known in Pakistan as the “Prince of Sargodha”. Also referred to as the “Shaheen of Sargodha” (The Eagle of Sargodha). Zafar Iqbal Khawaja, is the son of a significant military commando Muhammed Sadiq Khawaja, who worked with Muhammed Ali Jinnah (The Founder of Pakistan) during the 1947 partition of India and Pakistan. Zafar Iqbal Khawaja is most widely known as the Managing Director of a multi-million dollar company called Inter Equipment. It’s Head Quarters are located at the Jebal Ali Free Zone, Dubai which is a recognized commercial capital of the Middle-East. In Mr.Khawaja’s business circle, he is known for his commitment to honest work and his ethical manner of business. Within 15 years, he has developed himself from a fresh college graduate, into a business tycoon. Currently, he is in the process of writing an auto-biography describing his success story. This auto-biography would be a must-read for any business-person pursuing major success.
38 - Shahid Hussain Pakistan
Ranking: 22 (tied at 22) Worth: £130m ($260m) Industry: Businessman
With more than 325 retail outlets and 13 wholesale depots, Service Sales Corporation (Pvt.) Limited is the leading retail and wholesale company in Pakistan with annual sales $300m. The Company has established some of Pakistan’s leading footwear brands including DON CARLOS, CHEETAH, SKOOZ, TOZ and LIZA and has distribution agreements with CATERPILLAR and NIKE. As part of our growth strategy, we have expanded our businesses to include Service Communications, Shoe Planet (Pvt.) Limited and Soul Collections.
39 - Younis Brothers Pakistan
Ranking: 22 (tied at 22) Worth: £130m ($260m) Industry: Businessman
Yunus Brothers is actively involved in international trading of various products including Cotton & Blended Yarn, Cotton & Blended Fabrics, Garments, Rice, Sugar, Fertilizer, Earth moving equipments, Chemicals, Spare Parts and Automotive Vehicles etc. Yunus Brothers is one of the largest export houses of the Pakistan exporting mainly to the European, US, Far Eastern, Middle Eastern and African markets. Yunus Brother’s annual sales turnover exceeds USD 300/- million with 95% of the sales geared towards the export markets.
40 - Ghani Family Pakistan
Ranking: 22 (tied at 22) Worth: £130m ($260m) Industry: Businessman
Abdul Ghani Dada Bhoy was the founder of Dada Bhoy group, starting in trade and branching off into the construction business. The group has a big share of cement market in Southern Pakistan. Like other Memon groups, Dad Bhoys are closely linked through intermarriages with other leading families like Jaffer and Bawany. Abdul Ghani Dada Bhoy had five sons and two daughters, namely Noor Mohammad Dada Bhoy, Mohammad Farooq Dada Bhoy, Mohammad Hussain Dada Bhoy, Abdullah Hussain Dada Bhoy and Ghulam Mohammad Dada Bhoy. Daughters are Mrs Mehrunisa Jaffer and Mrs Zaibunisa Tanveer .
41 - Saddiq & Sons Pakistan
Ranking: 22 (tied at 22) Worth: £130m ($260m) Industry: Businessman
This group made the bulk of its fortune during the chief ministership and premiership of Nawaz Sharif when the group was sold Pasrur Sugar Mills for a token price of Rs one and its Chairman, Mohammad Saleem was appointed managing director of National Development Leasing Corporation (NDLC) replacing Rafiq Habib. Today the have invested huge amounts in prime properties around Pakistan.
42 - Afzal Kushi UK
Ranking: 23 (tied at 23) Worth: £120m ($240m) Industry: Businessman
Afzal Khushi, 51, managing director of Jacobs & Turner, last year received a CBE for services to business in Scotland. He and his brother, Akmal, 50, have made the £90m Glasgow sportswear firm a global business. They also have £30 other assets.
43 - Ghulam Hassan Khan Pakistan
Ranking: 23 (tied at 23) Worth: £120m ($240m) Industry: Businessman
The SK group of companies shares a set of five core values: integrity, adaptability, excellence, unity and responsibility. These values, which have been part of the SK Group’s beliefs and convictions from its earliest days, continue to guide and drive the business decisions of SK companies. The SK Group and its enterprises have been steadfast and distinctive in their adherence to business ethics and their commitment to corporate social responsibility. This is a legacy that has earned the SK Group the trust of many thousand of stakeholders The SK Group comprises of six operating companies in following business segments: Information technology, Real estate, Developer and Builders, Media, Welfare, Import and exports and CNG stations. The SK Group was founded by Sardar Gulam Hassan Khan Niazi in the mid 1980’s. Sardar Khan Niazi and those who followed him aligned business opportunities with the objective of nation building. This approach remains enshrined in the SK Group’s ethos to this day. Rose Shopping Mall
Companies owned by the family today: Paradise City, SK Trading, DUBAI Gasco 2000, chain of CNG stations SK Constructions , rose club, SK plazaz, Chuna Pa chain fast food chinese., SKN tust and sk farms.
44 - Kasim Dada Pakistan
Ranking: 24 Worth: £100m ($200m) Industry: Businessman
Kasim hails from a 19th Century Memon business family known to have possessed the vision of international trade when most of their contemporaries were rather naïve on this count. This family had offices in Burma, South Africa and countries of the Far-East long before 1940. Dadas, have held decisive positions at the Karachi Stock Exchange and own shares of various Pakistani and foreign monopolies without creating any hype. Kassim Dada’s family is known to have held major local equity in multinationals like Glaxo SmithKline, Brook Bond and Berger Paints, besides being the sponsoring directors of Messrs Hyderabad Electronics, Automotive Battery Limited and Interfund Bank etc. Kassim Dada is one of the few Pakistani Tycoons who used to fly on private planes from Karachi to hit cement plants in Hyderabad. It was this family which had hired Mahatama Gandhi as a solicitor in 1890 to contest a business case in South Africa. Dada, was once a symbol of wealth. Had his assets not been nationalised by Bhutto he would definitely had the status many richest men in the world enjoy today.
Credit: Paktribune Discussion Forum
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Not a good timing for such a list, of course many of the figures are doubtful, I wonder why the list doesn’t include any Army Men? who would have made Billions or at least Millions?
What a strange and incoherent list. It is still interesting to read, so thanks for posting.
The selection criteria seems completely random. People who have been rich for a short time are excluded (why?), and people who have been rich for a long time are also excluded, since they were in a previous list. No links are provided to any previous list.
Teethwala, did you contribute to this list, or did you just cut and paste it from paktribune forum in its entirety.
BTW, Forbes does not list any Pakistanis (or UK citizens of Pakistani origin) in its list.
http://www.forbes.com/lists/2007/10/07billionaires_The-Worlds-Billionaires_CountryOfCitizen.html
I am not suggesting that Forbes is any more accurate.
I also enjoyed learning that there is only one industry in Pakistan; its called “Businessman”
I think Pak army generals also should be included in this (Richest personalities of Pakistan) list…may some one courgae to share with us.
Islam & the Economic Question
Asalamo Alikum to all Brothers and sisters,
In fact the point of concern is not that why have those people included who are no more that much rich or why are there no generals included in this list. The major point of concern is that why is there so much division between the Rich and the Poor. Why the number of millionaire and billionaires are increasing day by day not only in Pakistan but globally. And on the other hand we see that there is a huge class who could not even afford to make there living possible. What is the problem that we have such huge amount of resources in the world which is enough for 50billion people in this world, yet we see so much disparity? To find out the answer of this question we should think deeply and question the existing system which is implemented in the world. Is there any mechanism of distribution in this system of capitalism or the poor would always wait for the Trickle down effect.
Unlike communism the human instincts cannot be suppressed but equally it should not be allowed to function with very little restraint as is the case with Capitalism. Indeed, it is human nature to acquire wealth to meet the needs of food, clothing and shelter, but a culture that teaches profit maximization also cultivates greed and exploitation. There is a clear distinction between making profit to secure ones material needs and maximizing profit, looking for a constant increase of profit regardless of its impact on others. This mindset is rooted in one of the fundamental axioms of the capitalist economic system, which is the definition of scarcity: material resources are scarce in relationship to the infinite human desires. However, human desires may be infinite but human capacity is not. We may wish for infinite amount of wealth but we can only consume so much. An individual can only wear one pair of shoes even though he may have abundant pair of shoes. Why teach them to constantly acquire wealth, consequentially depriving others, when an individual can only consume a limited amount of wealth? This is poisonous, and this all takes place under the pre-text of FREEDOM OF OWNERSHIP which is one of among those freedoms which were acquired from the church and which is now the main reason for this poisonous economics destroying the world.
Now what alternative we have and how it view Economic problem and how does it solve it.
In order to address the economic system in Islam, we first of all need to clarify the position of Islam in relation to the quest for material well being. This is because the word dunya, which is associated with material wealth or worldly matters, has become a dirty word for many Muslims.
The separation of deen from dunya (secularism) is a Western-Christian concept that has recently become widely internalized amongst Muslims. Consequently, seeking to increase in economic or worldly matters is frowned upon, – while continuous engagement in prayer and other personal ibadat is regarded as meritorious. As such, many people get confused and conduct a double life. On the one hand, money talks, it gives status and makes life comfortable, so they seek it vigorously. On the other, they feel guilty, thinking that their effort should be spent on ‘religious’ duties.
This is due to a misunderstanding of the position of the economic question in Islam. There is no doubt that Islam is opposed to monasticism and views the economic activities of man as quite lawful and sometimes even obligatory and necessary. We find many injunctions in Islam that allude to this. For example, Allah (SWT) says in the Quran: ‘Disperse through the land and seek the bounty of Allah’ (TMQ-62:10), He also says, ‘Allah has permitted trade’(TMQ-2:275), And even more directly, Allah (SWT) says: ‘Seek the other world by means of that which Allah has bestowed upon you, and do not be negligent about your share in this world.’ (TMQ-28:77) These are all in reference to economic activity.
In the sunnah, we find that one of the most commonly said du’as that the Prophet (SAW) taught us is: ‘our lord give us the good in this life and the good in the hereafter’.
But despite this, we find expressions in the Quran which state: ‘The life of this world is but a delusion’ -3:185; ‘The mutual rivalry for piling up the good things of this world diverts you from the more serious things. – 102:1; and many others, stating that man has lust and greed for wealth (89:20) and that he is violent at this greed (100:8) and that he becomes boastful and proud (11:10) and so on.
This apparently sounds like a contradiction in terms. But actually, what we are taught by Islam is that the real objective of our existence is to worship Allah (SWT) through righteous conducts by living as humans in this world. So all those things that are necessary for this life become essential for man. It is one thing to say that material well being is important and even compulsory but it is quite another to say that it is the ultimate goal and centre of thought and action in life. This is where the confusion arises about the Islamic economic question. The fundamental difference between Islamic economics and all materialist ones is precisely this. The materialists view that economic well being is the ultimate end of human life, while Islam says that these things may be necessary and indispensable, but cannot be the true purpose of life. Economic endeavors only become an allurement or delusion if man loses sight of his real purpose in their pursuit.
The right path to follow therefore is to fully engage into worldly economic life in the manner prescribed by Allah (SWT) and His Prophet (SAW), both at societal and individual level. The prophet said: ‘Work for your worldly lives as you were going to live forever, but work for the life to come as if you were going to die tomorrow.’
The Economic problem in Islam.
Unlike the current world view as pushed by the capitalist west, Islam considers that the main economic problem that mankind will ever have is that of distribution of wealth and not of production. In the eyes of the capitalist West, there is relative scarcity of resources available in the world, and peoples demands for these resources are endless. Hence each nation and in fact the world should concentrate on more and more production. The higher the amount of wealth produced, the higher the number of people that will satisfy their demands through the process of economic activity.
Islam distinguishes between basic needs which include food, clothing and shelter, and luxurious wants which includes all those things that are not necessities in life. It views that there are enough resources to satisfy the basic needs of all people all the time and to satisfy some of the luxurious wants of people and that economic problem is that of distribution and not production. There are enough resources to feed, clothe and house everybody in the world fully as can be seen by the Food Mountains of Europe and the excesses of the few rich in each country, including the 3rd world countries. In accordance with their capitalist philosophy of maximizing profit, we find governments paying farmers to produce less as in the EC countries, or to destroy what has already been produced as happened in poor Latin America where a huge amount of coffee was burnt. Far more wealth leaves the poor countries of Africa for the rich West than vice versa due to unjust economic deals. Even at the height of the Ethiopian famine crises in the late eighties, the country was exporting millions of dollars worth of resources to the West.
Allah (SWT) says in the Quran, ‘It is Allah who created the heavens and the earth, and sent down from heaven water wherewith He brought forth fruits to be your sustenance. And He subjected to you the sea at His commandment; and He subjected to you the rivers and He subjected to you the sun and the moon constant upon their courses, and He subjected to you the night and the day, and gave you of all that you asked Him. If you count Allah’s blessing, you will never number it; surely man is sinful, unthankful. (4:32-34). In another verse He says: ‘Verily, thy lord doth provide sustenance in abundance for whom He pleases and He straiten it, for He doth know and regard all his creatures.’ (17:30). These verses among many others show that Allah(SWT) has pooled in this universe all the needs and beneficial things for man, and has provided sufficient resources to satisfy material need of man.
In Islam, a distinction is made between economic science, which is to do with the means of production and economic system is concerned with the problem of distribution of wealth, namely the rules by which wealth can be acquired, used and disposed of. It is through the economic system that is specific to Islam that wealth is distributed equitably, while economic science is not particularly specific to Islam as such but can be acquired from any other people or developed as seen fit.
Objectives of the Islamic economic system
The objectives of the Islamic economic system can be classified as follows:
1) To satisfy the basic needs of each and every individual in the Islamic state completely
2) To provide the citizens of the Islamic state with the means to satisfy their luxurious needs
3) To achieve 1) and 2) through a naturally workable system with due incentives for economic activity and an equitable system of distribution.
Principles and policies to achieve the objectives
1) Ownership.
Ownership constitutes one of the important incentives for engaging into economic activity as the owner of wealth has the right to use or dispose of it. The means of acquiring such rights is one of the fundamental principles through which the objectives of the Islamic economic system are achieved.
In the Islamic economic system, it is understood that the real owner (Creator) of all wealth is Allah (SWT). We only ‘own’ wealth by proxy as guardians. Some of us acquire wealth by engaging in the production process and hence have a direct access to wealth. These include the factors of production as defined by Islam. Others have an indirect access to wealth simply because Allah (SWT) as the real owner of wealth has stipulated that those with direct access to wealth through engagement in the production process must pass some of it on to them as He made clear in the Quran: ‘Give to them from the property of Allah (SWT) which He has bestowed upon you.’ 24:33. this usually takes the form of Zakat, kaffarat, sadaqat-ul-fitr, inheritance, etc. which are given to the poor, the needy and later generations. It is the duty of the government to ensure that such wealth is duly transferred by law.
Notwithstanding this, Islam does not impose a limit on the amount of wealth that one can own. Rather, it controls the means of ownership such that people acquire the right to wealth in a just manner. This excludes speculation, forward transactions, lottery, and dealing with interest among other things.
Additionally, Islam also stipulates in accordance to the ahadith of the prophet (SAW) that certain properties are to be collectively owned for the use of all citizens. These include sources of energy, pastures and natural resources including water.
Through these ownership principles, Islam ensures that everyone gets what is rightfully due to him from his creator, unlike the capitalist system where only those who take part in the production process have the right to wealth. At the same time, it gives full incentives to individuals to fully participate in the economy by not imposing a limit on how much they can own.
2) Economic enterprises and the prohibition of interest and hoarding
Interest rates form the backbone of the capitalist system in many ways. It is used as a tool to regulate economic growth and monetary supply by acting as an ‘incentive’ for those who have surplus money to save/hoard. In Islam both interest and hoarding are prohibited. Allah (SWT) says in the Quran: ‘And those who hoard up gold and silver and do not spend in the way of Allah, announce to them a painful chastisement. (9:34). He also says: ‘Allah has permitted trade and forbidden interest.’ (2:275). Owners of capital therefore have to invest it either in the form of private business or partnership.
The most fundamental criteria that must be met by all companies of partnership are that there must be offer and acceptance between two or more parties, and that once they become partners they have equal say in the running of the company. In addition to these criteria, the manner of sharing profit and loss is dependent on the type of company. In the Company of Equals (Anan) where partnership is formed by the wealth of two or more parties, any loss suffered by the company would be shared among the partners in proportion to the capital they put. In the Company of Persons (Abdan) where partnership is based on services provided by the partners, loss is shared according to the salaries/wages of the partners. In the company of Mudharaba where partnership is based on capital from one party and labour from another, loss is incurred by the owner of capital while the provider of labour loses their wage/salary. From these elementary rules and structures, many other forms of companies can be formed. In all cases, profit is shared according to mutual agreement independent of the amount of capital or service/labour provided.
Through this arrangement, continuous business investment keeps employment level high and both the rich and the poor get richer.
The role of the state
The government plays an important role in the economic system of Islam.
Islam makes it the responsibility of the state to provide food, clothing, shelter, education, health and security to every individual. It is also the responsibility of the state to enable citizens with the means of getting luxurious needs in addition to these basic needs by themselves. The state achieves this through the management of public property, through the use of income from other sources and through provision of good economic environment so that people satisfy their needs due to their involvement in economic activity.
Sources of revenue for the state
1) Taxation
Fai – Property captured from the enemy without fighting
Ghanima – Booty
Ushr – Land Tax on unconquered land
Kharaj – Land Tax on conquered land
Jizya – Head-tax on non-Muslims
2) Others
- Revenues from natural resources
- Fines levied
3) Facilitating luxurious needs
It is also the responsibility of the state to provide adequate infrastructure for the supply of such commodities to the people.
The most fundamental aims of the economy of any nation is to provide adequate supply of goods and services for its citizens and to enable each citizen to acquire and use them to raise their standard of living. This requires that wealth be created in the form of usable goods and services and that people get the means of owning and/or using these goods or services.
The degree to which these aims and objectives are met and the efficiency with which the citizens of the state participate depends on the specific rules of engagement, namely the economic system which the nation implements.
Apart from the general ideological framework upon which the economic system is based, the key ingredients for the economic success of any nation include:
1) Confidence in and stability of the system
2) Workability of the system by providing appropriate economic incentives for wealth creation and distribution
3) A just method of distribution.
Although only the capitalist economic system is practiced in the world today, the Islamic economic system gives the best rules of engagement in economic activity and would be the most successful towards raising the standard of living of any nation.
a) On confidence and stability
Economic activity by its very nature is risky as those who partake in it directly can gain or lose wealth. Hence in all economic systems, there is always an understanding by those who participate that they may lose their capital or effort. However, there other phenomena that adversely affect the economic life of a nation by artificially creating an atmosphere of insecurity, and thereby reduce the level of economic activity. These arise because of the specific economic system implemented and include the followings:
i) Booms and Busts: In the capitalist system, periods of good and bad trade have become evident from the records. Although opinions differ widely among economists on the conditions responsible for trade fluctuations, a common feature is that root cause of these conditions stems from the foundations of the capitalist economic system.
ii) Runaway inflation: The fact that money continually loses its value has become an intrinsic part of capitalist economies. Here again there are quite a few opinions from economists as to what causes runaway inflation. But the recipe for runaway inflation lies at the heart of established financial controls in the capitalist system.
iii) Money market crashes: These occur irregularly in the form of sudden exaggerated changes in foreign exchange rates and sudden fall in share prices.
The most fundamental characteristics of the capitalist economic system which form the root of these phenomena are speculation and false representation. These are manifested in:
The artificial creation of money: There is nothing to prevent governments from literally creating money at will. Excessive creation of paper money which cannot be represented by real wealth is the root cause of inflation.
In addition, high street banks can lend money that is not existent by crediting peoples accounts on paper. This is false representation that is meant to keep the system going actually creates more artificial money.
In conclusion, the above points clearly outline certain fundamental differences between the capitalist economic system and the Islamic economic system. The inherent failing of capitalist economies can be seen today throughout the world, even in the Muslim countries, where it has been forcibly applied by corrupt rulers. The details of Islamic economics should fill us with confidence that Islam provides solutions to the economic problem, which the world around us currently faces.
Thanks and Jazakallah khair.
Very interesting. We Pakistan living in Jeddah, Saudi Arabia, are very happy to see the wealthy and richest people of our country. I shown to one of my non-Pakistan colleague, he was jealous to see them.
It is better may be in future Pakistan need help from these personalities, they may help us.
Mumtaz Ahmed Tabassum
Jeddah-KSA
Intereting to read through this list. I have couple of questions:
1, How were the wealth of those mentoined vrified?
2. There are huge stock brokers like Jahangir Siddiqui and Arif Habib. Howcome there names are not mentioned in the list. Similarly Mir Shakil ur Rahman is also said to be richer then Mian Mansha… no mention of him either!!
Why the hell do you guys have to drag Islam and quran into this discussion. Just focus on industrial and technlogical development, developing a peaceful pakistan and western education for all.
India is kicking our butt and all we can think about is these religious fantasies. Please people for the sake of Pakistan lets seperate religion from business and government or we will surely loose any progress we have made.
Indian Rupee = $39
Pakistan Rupee = $62 you stupid religious morons….wake up.
Salim,
He was just putting forward his views. You can put yours without calling him like this.
BTW, I would add to your list. We want peace, educaton (techncal and religeous both), justice and rule of law.
this list is justified. i am from dubai and you see the schon properties signs everywhere here. they are very big. they more then a billion
We are the NEO Muslims. We dont care about your beliefs. We believe is living in peace and respecting your beliefs. Please don’t tell us how to live our lives.
If I want to leave Islam I should be free to do so without fear for my life.
We don’t care about the racist ARABS and we don’t believe they are the keepers of Islam.
We love Christians, Jews, Hindus and RockandRoll.
We think about living a good life and caring about everyone even if our beliefs are not the same.
We believe women should be free to choose which ever life style they want.
We don’t care if you are gay
We believe all mullahs and madras that teach hate should be eliminated
We believe in seperation of religion from state, education, government and family life
we believe corruption should be punishable by death
We love India, America, Israel, UK, France, Germany, Spain, Australia, Egypt
We believe Israel has a right to exist
We believe Palestanian issue is a political issue and not a religious issue
We believe all Arabs are enemies of Islam if they promote hate against jews, christians, and the western nation.
Then we think, Pakistan will progress.
Intresting, more than intresting stuff, but Asif Ali Zardari is no more rich, as his assets are captured by Govt of pakistan, and He estimated his total worth as $10m$ but we cannt say he is 2nd rich.
While some more datas are doubtful, and missing too.
Finaly = Good work!
How come these guys who compiled the list missed out. Th SKB ( The Largest Construction Company in Pakistan)? and How about the Guard Group of Industries…
Assalamoalikum
koi kitna hi rich hojay laikin agar Allah Taala ko naraaz karta hai tou us sai baraa ghareeb , yateem , miskeen aur khusaray wala koi naheen. Allah Taaala mujhay aur hum sab ko apna mehboob aur apna khaas bunda buna dai , apna wali buna lai (Aameen)
Many names missed of that are richer then Mian Mansha,
Aga khan a third generation Pakistani in uk his grandad was one of our founding fathers.
Also the one and only media baron Mr mir khalil ur rehmans family of Geo jang group and many more like Humayun Khan who owns Pepsico Pakistan franchise.
but anyway good work.!!
nice work, you have some of the biggest non resident pakistanis on the list. Ary and Schon are the two richest pakistanis living in the dubai. ARY has the biggest gold empire and Schon group has the biggest real estate empire in dubai
The figures posted about Asif Ali Zardari are wrong.
The roockwood estate has been proven in the UK court as being owned not by Asif Zardari but by a UAE based Prince.
Bhutto family on the other hand is rich since ages. They are massive landlords. They hold one of the largest private collection of diamonds in the world. The land that they have in Sindh has many railway stations in it and their is a saying that a train takes 72 hours to make a round of their land. They are moneyed people as BBs Grand Father was a Nawab. He was the Cheif Minister of Sindh Assembly before 1947 and was the person instrumental in making the Sindh assembly adopt a resolution in the favur of making Pakistan out of subcontinent in those days.
hello.
ye aik achi list hai lekan main surprise hoon because ess main jang group aur packges group nahi hai joo kai pakistan kai top 5 companies main sai hain ess kai elawa ess main younus group ka name 39th number per hai jab kai unn kii sirf export $.300m per year hai, ess kai elawa ye be sochnai kii baat hai kai ess main koei army person nahi hai, last ye list ess tara honi chahey kai Pakistan’s largest tax payer
rgds
Khalil ahmed khawaja
The list is quite informative but like every other list like it needs improvement and should be updated. The point of major concern is the authenticity and the source from where it came and the names that are missing from armed forces. No body will trust it if it has not the proof with it.
Even after all it is a very good effort.
@ Mark, Asif Zardari in 2004, admitted that he owned the house himself!
1)Paul Keating a local builder did work on the mansion and said he met zardari at the house several times.
2)the house had pictures of the bhutto family only.
3)why did the money get sent back to Pakistan after being acutioned by clarke gammon estate agents in surrey.
4) why was the house ownership disguised
5) where was the ‘prince’ WHEN IT WAS SOLD.
which UK court can you name it.
i can name you 3 courts that proved it was Asifs.
“By owais on Dec 28, 2007 | Reply
dang all of them are memon lol kunjoos but rich .”
**********
WHAT COMMENTS THIS CHAP IS PASSING. PLS REFRAIN BEING FINGERING ON SPECIFIC COMMUNITY
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I am not agree with the following
The worth of Younus Brothers Groups seems to be wrong, they are among top 10.
Gatron group (Diwan and Bilwani Family) is not included in the list
and what about Teli family…thye are also missed
Interesting List , but as most of the people said , not exactly true . Hay where are our cricketers in this list ( everyone know there are few other ways to earn a lot in cricket ) anyway ………………good work keep it up. Ahad PAL ( Paris , France )
Salim, We just don’t care what you believe in. We just believe in one thing…. That you are the biggest A** Hole around. The sooner we can get rid of gays like you, the better this world will become.
the last year ranking was showing Meer family (owners of Jang Group)was on top. and packages group on 4th (forth) ranking.
Now these are not even on top ten positions.
I think the data collected seem to improper. If the writer pls. check it again and then revise the same.
Any how the effort is good.
i have the data of last year showing top 40 families, on request i can send to the writer.
thanku
To Salim,
“We are the NEO Muslims. We dont care about your beliefs. We believe is living in peace and respecting your beliefs. Please dont tell us how to live our lives.”
Keep your “NEO islam” to yourself !! People like you are a disgrace to islam anyway ! If you have a right to say whatever you want then so does everyone else !
“If I want to leave Islam I should be free to do so without fear for my life.”
Last time I checked, nowhere in islam does it say to kill apostate. So you need not worry. As far as I know, youre already a non-muslim and thats OK with me.
“We dont care about the racist ARABS and we dont believe they are the keepers of Islam.”
Isnt it strange that you have to stereotype a group to make you crappy point? Not very humane I say !
“We love Christians, Jews, Hindus and RockandRoll.”
Hell if you wanna swing with the monkeys in the trees thats fine by me (and everyone else, Im sure)
“We think about living a good life and caring about everyone even if our beliefs are not the same.”
Ironic since THIS IS what ISLAM teaches, dumba*s !!
“We believe women should be free to choose which ever life style they want.”
Yeah, tell that to the Christians, who 100 yrs ago treated women like dogs and why not the hindus too, where a womans status is far less than a mans !
“We dont care if you are gay
We believe all mullahs and madras that teach hate should be eliminated.”
Why eliminate them when they can be transformed. Thats pretty violent for peace loving human, dont you think?
“We believe in seperation of religion from state, education, government and family life.”
“we believe corruption should be punishable by death”
Who gave you the right to give judgments on ppl, punishable by death?
“We love India, America, Israel, UK, France, Germany, Spain, Australia, Egypt.”
Then why the heck dont you move your ignorant ass there? Im sure Pak is better off without ppl like you !
“We believe Israel has a right to exist.”
I believe I have the right to own your house and property. Doesnt sound fair, does it now?
“We believe Palestanian issue is a political issue and not a religious issue.”
Nevertheless, a major issue !
“We believe all Arabs are enemies of Islam if they promote hate against jews, christians, and the western nation.”
I believe ppl like you are enemies of islam, just like the other “extremists !
“Then we think, Pakistan will progress.”
Shut your trap, pack ur bags and leave! THEN Pak will progress !
I really doubt the authenticity of this list. There is no mention of the Chaudhry’s of Gujrat and the high ranking officer of Pakistan Armed Forces particularly the greedy generals.
Waqar
To Salim,
There are two types of extremists in Pak. Those who blow themselves up and create havoc and then there’s people like you…. who have come up with their “NEO” version of islam. BOth of these groups want people to conform to their version of islam and that aint gonna happen… NEVER !!
Let me tell you this O enlightened one…. YOU are no different than the fundamentalists you so vehemently despise! Neither one of you extremists will last and will be perished eventually !!!
Hey….Where is my name???
well forward dis list to ur grandson…m pretty much sure it will remain almost same even after 100 years….
hehe…newayz gud work…..keep it up…!!!
salim,
religion can not be excluded from anything …
otherwise there would be no reason of building a seperate islamic state Pakistan,,,,
……………………………………………………………..!
well, not all people are same whether they are memons or they belong to any other community stop pointing them…instead try to be like memons…if you are inspired of them…
Very good indeed. This list has the biggest tycoons. The Schon group, the ARY group and the Bestway group. Nasir Schon is one of the wealthiest pakistanis around today and so is Haji Abdul Razzak.
Memons know the vaule of maney hence able to multiply it.
Mr NEO, get the F*** out of here and take your load of crap with you.
this list is absolute bollocks…
most of the people deserve to be in here but their ranking is completely wrong…
like the lakhanis are supposed to be way on top…heck they just sold lakson tobacco for $320m alone which is the official figure…and its rumored they took the same amount in offshore accounts
the habibs are richer aswell
the cars mentioned are wrong…malik riaz got the new rolls first
and it was afroze textile ppl who havent been mentioned and maybe rightly so who got the first new bentley the continental gt in pakistan(khi)
the syed family at is referred to is syed babar ali who definitely has to be in the top 10
plus the list is so subjective and without aim…i mean random things are being talked about and for some people nothing about their businesses have been mentioned with detail…
the tatas seem to be missing from the list aswell also the Din group and fatima group the tapal group tabba group(have ppl forgotten the $40m cash injection made on one day by abdul razzak tabba in lucky cement a couple of years ago?) the giga pardesi group arif habib jehangir siddiqui they all for sure are worth more than $200m, the lowest spot that kassim dada holds
additionally abdul razzak yaqoobs land holdings far exceed $200m…if im not misinformed his dubai holding alone exceed them
i am baffled that an article such as this has been published…if this is the quality of journalism in pakistan then god help us and our causes because i dont think we can do a good job upholding our rights and having our demands of any sort fulfilled
talking of journalism reminds me of the GEO/NEWS/JANG group mir shakeel ur rehman…geo’s daily revenue from the channels it operates in different markets is Rs 80 Crores so you can very well imagine the money being made by him
additionally the Saif group mentioned at 26 sold their 9% stake in Mobilink to Orascom for a ballpark figure of around $300m and they still have stakes in textile construction fiber optics agriculture technology and various other industries so their wealth too far exceeds what has been mentioned in this article
skimming thru the comments now has made me realise ilyas bilour of guard is also missing aswell is our very own dictator busharraf and mr shaukat aziz who too has over $200m in wealth
the teli’s too should make the cut from what i know
there are alot of other people whose wealth may never be verified or estimated like dawood ibrahim and quite a few other crooked people who are very secretive about their finances, sometimes because of the taxman and sometimes from our loving kidnappers of sons for ransom…
so there maybe tens of other people who no one has ever heard of who can make the list…
plz save pakistan plz save these miserable people.jo bh mushraf ka saith day ga woh gadar hia.pakistan kay dushman atna atna nuksan nehain kar sakay jitna is banday nay diya.kaha hai hazrat umar r.z ka dor jub wo bees badal kar logo ka hall jana kartay thay
ki aj qi hungry to nahi.46 arab ka mahal kaah logo kay pas kanay kay liya ata nahi hai.kya banay ga.apnay aqdr kay liya kya kya kar raah hai.gumday badmash aur qatall hian yeh.jo in ka saith day ga babar ka hisay dar hai.America pakistan par hamla kar day ga.yeh humara army hief dor jay ga.likh lo/.bucha buch ajanta hai.yeh humara rakhwala nehi aik badmash lutara hai.kaisi ki jan lana as kay liya qi bara kam nahi.army dectrors nay pehlay aik hisa tora 71 main ab baqi country bi nahi buch sakay ga.Police army government servnt as main saith samil hon gay.dua karta hon Allah an ko aisi saza day jo humisha zalimo ko yad rahay.an kay loy to dil main tars bhi nahi ata………………. tahir nazir
To, Sid,
I am a practicing Muslim and I love my religion, but Mr. Saleem is RIGHT in some of his comments. I am also P.. Off the degenerate (Taleban Style) form of Islam of supporting suicide bombings, oppressing people with different religious beliefs. Please be pragmatic and try to understand what he is saying. It is our in tolerance that prompts us to label him as an extremist too. I have been a victim of what is preached in these madrassas, when a Mullah unleashed his 12 to 14 years old students on a fast food dine-in.
We are leaving in modern times, we do not have petro dollars. And as far as Arabs being a racist Nation? My friend they treat the brown skin like dirt and are always kissing “white asses. Driving Hummers, spending tremendous amounts on leisure, but sorry to say that they have no balls to help nations like Palestine, Lebanon. Look at Malaysia, Look at Indonesia! Now these are the countries we should take lesson from. Please put aside your fanatic views and live and let live.
OK: Busharraf should be in this list aswell cuz according to my information he has made some property in South Africa and during his early days he bought some mansion in Boston ? ? ?
Dear Muzu,
Since we are discussing the wealth of some of the richest people of Pakistani Origin i see no point of yours or saleems to discuss Islam at a point like this… Islam taught us a way of life. How to live and behave in the environment around us but it did not teach to hate ourselves. I personally dont think that at this blogging page we should be discussing Islam and if there is any other person who would like to suggest any millionairs or billionairs which i say may even be likes of corrupt politicians or our day-to-day normal joes i personally think to some extent the pushed Pakistan towards betterment as someone here mentioned Seth Abid to help Pakistan achieve status in the world. To each his own but please no mud slinging on Islam or its beliefs…. because thats wat keeps us going everyday. Thanks
I doubt authenticity of the list , It is manufactured truth without evidences. A thinker person must ask himself/herself a question “How do i know what i know , How do i know whether it is true?”
Dear Raheel,
I know that I am way off from the topic of this discussion. I mean not to offend any one, its just that I got a forum to vent out my frustration on the path we are going and on people who defend such idiotic ideology. Dear Friend I have not insulted my religion in any way, but if you read my comment, I have clearly named a particular Brand of ideology that is spelling doom for us.
PEACE
Most of the points mentioned in the article seem to be just embellishment and unsubstantiated, specially about political figures.
To Muzu,
How in the world did u come to the conclusion that i support “Taliban-like” islam? Or are you, just like Salim, too narrow-minded to comprehend other people’s opinion and swiftly jump on to the Islam bashing bandwagon?
I agree with Raheel, stick to the topic of this post and STOP blaming islam for anything and everything !
First of all let Mr Owais refresh his memory Memon
are running many charitible/welfare organization in Pakistan
Also they are running many honest business in Pakistan
they know how to take risk in business thats why they are so sucessfull this list miss lot of name like
J.S Group Adamjee group Gulahmed group etc etc
With regards to Bhutto family’s fortune there is not doubt that they are rich for long time but what about when Mr 10% and he multiply it 100 foulds
God bless Pakistan
@ OK
Mr Ok your are saying some of these people are worth more then what this list claimss?
well yu are right ARY group should be hitting the top 3!
but they are at 7, this is because of what assets and business we the people know of and not hidden offshore companies accounts etc
The schon group should be at top 4. Tahir Schon and Nasir Schon are extremely rich. they have the biggest real estate company in Dubai.
What about Arif Habib, Jahangir Siddquiu, Jang group, and sons of general Zia and Kaqan Abbasi and Admiral Mansoor ul Haq
good compilation, yet i agree with most of readers comments, this list should ve included our so called ‘honourable’ generals who receive millions of $$$ putting the country and nation’s at stake with out doing any hardwork, atleast the above listed have strived in their lives…..anyways….God bless all!!!
Teeth Maestro has an habbit to write against people who opposed dictatorship. During compliation he shouldn’t have to spoke against thing that still not proven.
And What a misguided compliation… Half truth is always a misdirection. This list doesn’t include the current promoters and partners of Musharaf regime. Where is the types of Humayon Akhter and current General’s family lot who got wealth by smugling Missiles and Atomic materials to other countries.
Nasir Schon had the first rolls royce in 1995. Tahir and Nasir, brothers bought two silver spur rolls-royce with 300% duty in 1996.
Obviously this list is flawed. It is a combination of the previous ‘Pakistan rich list’ and the ‘Sunday Times Rich List’ It doesnt mention the Mir family (Jang group, Muhammad Arshad Chaudhry (Ghazi Group), Iftikhar Shafi (Diamond Group) and many more prominent and wealthy families.
Pakistan is big things so are the Palestanian s so dont mess with that or try say anything.. PaLi-stani for ever
Well i do not own even one million but I do not grudge those who have made billions by hardwork and honest means. As for those who made billions by fraud or malpractices and have stashed their money abroad are real danger to society but those who have their assets in Pakistan may be providing jobs to many. There are billionnaires in all rich countries and more billionnaires signifies better economy. So instead of criticising those who have contributed to the Pakistan’s economy we must work hard to become rich by honest and intelligent means. This very negative thought was\evident when on the shahadat of BB entire Sind was put aflame. Let us not hate but love money , yes, honest money to live a respectable life. If we had money we would not be pandering to the west whom we despise otherwise.
Good work, missing alot, Like Bhutto family, Cresent Group, and most IMPORTANTLY ARMY / EXARMY PEOPLE. Where they are?????????????????????
this list is no doubt includes the rich people but u can say the positions are not correct. but this is not the factor. most of them are wellknown courrpt people. thats the reason no one has eyes on them .
2nd BEING NATIONAL “NO ONE SHOULD THROUGH BLAMES ON ARMY MEN”. i know “U ALL ARE ALSO CORRUPT PEOPLE AS I LIVED INN PAKISTAN FOR 5 YEARS” and in the valley of power, most powerful will be administrator.
being from other country i can say u all tat only army is least corrupt section of paksitan. becaz al of u are lier.
Well, the list is quite comprehensive but like all i impugn the listing. Also why ppl are enraging in religion and army. I think we should not blame army men without any reason. Without them Pakistan is vulnerable from all direction. How can we tag them corrupt…
Army men, even the big generals are the most patriotic guys as they are exalted from simple soldiers. I also dont undermine the fact that defense takes a lot of chunk from our budget and that should be looked at.
These forums and blogs are there to show national pride and condone leaders. Look all around the world media and you will find how they protect their national integrity.
Be Pakistani and work for it.
Salem is trying to attract cheap attention by diverting from the topic. exactly what pseudo intellectuals do.
The ass hole is advised to snap shut!
@Dr. John alexander
no doubt Army as a whole is an extraordinary unit and I, as a Pakistani, am proud of not only Army but Navy and PAF as well. But, they exercise more power than needed in the country’s internal affair and policy making. Look at the present timeline, from KESC, WAPDA to even a school principal there is an army personnal. Are they holding the post because of their ability ??
And why havnt you heard any complain of other defence forces like PAF or NAVY ??
Its a truth Army and Rangers (part of Army) are holding these post simply because of misusing their power!!
Your work is marvellous keep going but i beleve some figures are doubtful and still some are missing….
tc
How about Shaukat aziz,who looted the country like Zardari And Nawaz sharif, please also include former prime minister name, and also ARMY GENERALS,THERE are plenty of names are missing like Gul Ahmad textile, Rahim Janoo,Tapal Tea,etc etc. these are the people who made there wealth through hard work and paid taxes to the goverment not like zardari, nawaz sharif or shaukat aziz or ARMY GENERALS.
Kind Regards
Yahya Razzak Janoo
Also there are other people who are missing from this list of richest people of pakistan, like AL Karam,Textile mill owners, Iqbal Ali Mohd owner of MY BANK,Gulam Ali mohd A Cyco but very rich. Jaffar Tahir Janoo Textile tycoon, Junaid Ghaffar janoo Grey Cloth Tycoon.May be they had not shown their wealth officially but they are the richest people of Pakistan.
Choudary brothers and Pak Army men are missing in this list.It is not fair :-) they are the most richest persons of Pakistan.
thanks
i think this has to b an old list coz alot of people are missing from the list!!!!!!!
comon people!!!
who ever emailed this must get the updated one!!!!! :) none the less this has been quite informative if not entirely upto date :)
To all readers,
I strongly believe that this a white list of the money. Inclusive of the black and grey area’s, the net worth will exceed these numbers.
While corruption is a reality at all levels of government and society, I would urge you to check your facts before writing. You state, ” Taking advantage of his wifes authority he is known to have taken kickbacks from many deals inside and outside of Pakistan. The most famous was a $4 billion deal to buy 32 Mirage jets from the French company Dassault. Documents, which include letters from Dassault executives, indicate an agreement was reached to pay a 5% “remuneration – about $200m – to Marleton Business, a BVI company controlled by Zardari.”
You give the impression as if Zardari made $200 million from this and he has made maoney that easily runs into hundreds of millons. One word: Simply non-sense. Dassault contract was NEVER consummated. There WAS NO DEAL. It may have offered a 5% commission but it did not happen. Please do not make fantastic claims if you want to maintain your credibility.
You are again very biased about the PPP and Asif Zardari. Chaudries of Gujrat are reputedly worth billions. Habib Bank alone wrote off Rs.15 billion in loans to them. What about Ijaz ul Haq, Shaukat Aziz and his partners Aqeel Dhedi and Arif Habib? What anout Humayun Akhtar and Lt. General Fazal Haq (the drug trafficker) who made hundreds of millions
Laila ahmed, maybe yo havent been to school, or your are pro-anti pakistan PPP.
$200m DOES MEAN hundreds of millions, let me explain to you now :
100 is a hundred
200 is 2 hundreds
now as you can see 2 is greater then 1, which means its more in quantity, thus we add “s” on the end to hundred to make it plural.
i dont support anyone in Pakistan not sharif /chaudreys/musharraf and never BENZAIR that gashti ruined our country.
but let me tell you shujaat is a choor but his assets run into millions of dollars and not hundreds or billions, and what you said about habib bank and shujaat 15b i have never heard of that, i read daily 4 news papers that are ABC classified, with near to truth in them.
shauket aziz is worth $150m he cant make it to this list, as if hes in then everyone will start to say to add others in who are worth this much and Pakistan is full of tycoons worth around rs7b around $150m.
Ijaz ul-haq has assets in UK worth around £20m. i have no idea of his Pakistan assets.
M adil
You are very naive. Let me say I am old enough to know besides working for a bank. You should check the annual reports of banks. The Rs. 15 billion is from the reports submitted to former prime minister Moen Qureshi and documented by magazines such as Herald and Newsline. Since 2001, the banks have written off more than Rs. 100 billion in loans, most of them owed by PML (Q). Please search DAWN or the NEWS. Stop being childish. Musharraf has made hundreds of millions of dollars …. 100,000,000++ through stock brokers like Aqeel Dehdi. That is why, the records of SECP were destroyed, its former chairman Dr Tariq Hasan fired and threatened with death… again search newspapers an you will find more details. You are misguided because you confuse being anti-Musharraf with being anti-Pakistani. He is an unconstitutional dictator who has arrested the real chief justice of Pakistan who along with 8 judges declared his rule as illegal. Please learn to discuss things in a civilised and informed manner
Laila said “Musharraf has made hundreds of millions of dollars . 100,000,000++ through stock brokers like Aqeel Dehdi.
Laila can you present any evidence in order to prove your claim?
WELL ANY BODY SUPERIZED TO SEE ASIF ZARDARI NAME ON THE TOP ?
I AM SURE NO ONE IS AND ANOTHER PIONT SALIM IS RIGHT ABT ALL THE NEO ISLAM AND UR COMMENTS PROVE IT BY THE WAY PUNNISHEMENT FOR CORRUPTION SHOULD BE DEATH.
Asfand: The report of the foreign firm Diligence into the stock market crash in March 2005 could not be completed due to destruction of evidence. In July 2005, the Chairman of the body investigating into the crash, Dr. Tariq Hasan was fired on Musharraf’s instructions. An earlier report by a high court juge was shelved. Taris Hasan stated before the National Assembly’s Accountability committe that he was threatened with death. Order books of brokers were destroyed. Why? WHo was trying to protect to conceal the $13 billion lost by the small investors in which the 3-4 brokers made a killing and got away. Why?
“Butcher of Waziristan meets Butcher of Palestine”
Recent reports have reached Pakistan that General Musharraf held a clandestine meeting with Ehud Barak in Paris on 23/1/08. According to a report on a pro-Israeli web-site ynetnews Barak said, “We support your people and back you due to your significance in securing world peace,” Barak said. Musharraf placed his hand on Barak’s shoulder and replied, “Thank you very much. God willing, I hope you will make progress in the peace process.” In fact so eager was Musharraf to strengthen his relationship with Israel that he convened a second meeting which lasted for an hour. With the spilt blood of Muslims as a common platform between the two leaders, it was reported that they discussed Iran and extremism as mutual topics of interest.
Over the years Musharraf has tirelessly positioned himself before the Pakistani people as the champion of the Palestinian cause; however, Musharraf like the other rulers of the Muslim world has already abandoned Palestinians in exchange for Israeli recognition. Once again, Musharraf like the other rulers is looking for a convenient opportunity to publicly announce his full fledged support for Israel and its belligerent policies against the Palestinians.
The problem of Palestine like the other burning issues of the Muslim world must be treated comprehensively, and the ummah must work hard to remove the despotic leaders who readily embrace her enemies by working hard to re-establish the Islamic Khilafah.
Regards
SHERZAI SHOULD BE IN TOP 5
atlas group has assets worth rs60b = approx$1.2b the family has a 75% share in it, they are worth well over thattttttttttt
i really agree with Dr tariq sab because always discussing about who is No 1 but we donnot know 40% of our nationals living like animals all should think about that we are unconcious about true Islam we just doing work like animals and one group really enjoning need to concern for all………………………………………………………………………………………………………………………………………………………………………………………………………
laila if your that old and mature, then why dont you know about benzair money and he anti-pakistan policy, isi files haded to india, she said a q khan to use etc so much to be said about that dirty heera mandi women, hope she is in hell
Adl: Yes, BB and her husband were accused of money making but the charges were not proved during 11 years. As far as files to India is concerned, this is plain bull shit. ISI chiefs like Hamid Gul and Jahangir Asharaf Qazi (who also worked for Musharraf) have since apologized for the ISI role in spreading disinformation, played glowing tributes to BB and called her a great patriot. Where do you get this crap? From that crook, Pervez Ellahi?
To All
I agree what Laila is saying. i am from one of families listed above and have a close eye on these richies of Pakistan. i know big sum of amount was wrote of by habib bank.
This list mention most multi millionaires of Pakistan but missing loads of them. My family worth much more then what is mentioned here. but nice work.
Laila, first tell me what would a isis cheif gain out of helping india?
i have it on tape, and you also can go to youtube, and watch benazir bhutto saying usa stop aid to Pakistan, and she will hade over our nuclear hero to the USA, if we take this in to account, we can see that she ws the dirty cow who handed our files over to india, its clear if she is saying this now what she could have done before?
second thing LAILA
you said not proved???
what the fck was the rockwood estate aka surrey mahal??
the isle of man court proved it, infact the money got sent back to Pakistan!!! dont stick up for her, may allah burn her to bits!!!
and eddy yes everyone is rich and famour and good looking online :P
benazir said she will have over dr a q khan to USA,
what does that mean? does that mean she is good leader or traitor? well it dont take rocket scientist to work that out!!!
rockwood estate surrey mahal palace, it got proved she owned it, the money got sent back home to Pakistan, it was owned by her and her husband, court of isle of man proved that. interpol issued arrest for her…..
she went to india and DONT DENY THIS, and said we should have one currency and break our borders.
if you deny that then check this out you can go to youtube AND WATCH THEN ALL,, if fact this one
she went to india and asked india to help her return to Pakistan!!!!!!!!!!!!!!!!!!!!!11
i pray all the time that may allah put her in hell, for rest of her time and her children, but may Allah rest her father in peace he was a great man.
burn benzair burn
Adil: You probably belong to family who are sworn enemies of Bhuttos. You do not make sense at all. Stop this babble. Pakistan’s problem is the Army not the PPP. So what if she had a house in Surrey? $3.5 million is not a big deal, Many people in Karachi and Lahore live in that kind of homes including most generals. Her father was very rich; remember he went to Oxford in 1949. Now these generals who make 50,000-60,000 a month; how do they build palaces? Musharraf has a house phase V in defence Karachi and he has bought another plot in the vicinity for 5 crores; check out with a real estate agent, they usually know. And by the way, you are probably not a muslim because a muslim always prays for the forgiveness of the dead.
i can forgive the dead but not a traitor who is pro-indian,
how can i be sworn enemy, i liked her father he was the best we ever had and are going to have!
its juts his gashti daughter,
you can have a house as expensive as you want, but why hide it? why keep it behind the eyes of the people? why?
you must be afraid? why afraid? becuase moiney is stolen maybe ?
she wanted democoracy, so what happens she died her son came!!!
is that democaracy??? never hapens in uk, tony blair went his osn didnt come!!!!
i hate that fkin coww i hated her all my life,
Im quite sure this is not an authentic rating for pakistan’s richest people.why da hell are we not including former prime minister shaukat aziz,chaudhry brothers and many other army generals into the list.zardari has done corruption but he has to pay for that by spending 11 n half years in jail(it’s easier said than done),so i would certainly say that zardari’s corruption was more of a propoganda done by the army generals to defame the slain leader of ppp benazir bhutto but rest a sure pakistani’s can distingush btw good and bad.their basic objective in front of them rite now is to send the army back to baracks and stop their corruption as they are not accountable to anyone.
Who would you vote for? That pimp and land grabber Chauhdry Pervez Ellahi, that killer and rapist (remember Nazia Hasan?) Altaf Hussain, mullahs and taliban… there are only two big parties PML (N) and the PPP. Musharraf has fcked the country by selling it to Bush… he should be hanged
Laila, i hate Altaf Hussian, when e dies his body should be thrown into fire and then his ashes into his sons mouth.
pml q are fool of choor, i never deny this they, what i said was that i doubt it stole 100b rs, but i know they are choor.
all these maulvis are full of sht.
Musharraf has done good, but more bad.
what im saying is that they are all the same, including benzair bhutto, she was also a bitch, she was one hell of a dirty gashti anlong with her boy friend nawaz sharif, along with her uncle musharraf who she was ready to suck his cock in order to become PM again.
along with maulvis like fazur reham who she made a minister in her term.
they are all bad and all are choor, including pml q boys.
but why are you sticking up for that traitor only? stick up for them all ? why just her?
Laila im waiting for you reply
musharraf sold pakistan to bush
benzair tried to sell us to india.
and dont make me prove that, cos you know it to,
i hope her children die like her too
I agree Benzair Bhutto was a traitor, yes she did hand over our ISI files to India.
but she is dead now so give it a rest Adil.
Benazir was anti-Pakistan and pro-India.
She helped with Khalistan movment that we started, she stole alot of money too. she said she will hand our national hero Dr A Q Khan too. She also asked USA to spot its Aid to Pakistan.
She was the biggest traitor, but now she is dead, lets move on…..
I dont see the name of Mushrraf’s son in there .. He ought to be in the top 50 .. he owns 50 % of both warid and telenor … afaik … and building a Palace in Maryland, US
warid and telenor ? loooooool,
nice try, u fool , i think the whole of Pakistan knows who owns these companies, go back to school paldagir
@ adil .. and now u will say that the 7 star hotel Centaurus – is also completely owned by that UAE based company … man why do u think ppl especially burn those Outlets of Warid and Telenor everytime there is some problem in the country …
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Waiting to hear from soonest.
It is really pethatic while finding thousands of families still sleeping with hungry stomaches ,is there any positive impact of this list which is only making the people selfish & crazy about money can someday ‘ll bring health & wealth for every human?
Hopes for the best
A real interesting read, surely amazing. Just wanted to know where the ‘Mughal Steel’ lies in the long ladder.
Not really, The Schon group was politically victimised by Ex Senator Saif Ur Rehman. These people got all their cases cleared in 2007. Schon group is back in action in Pakistan.
This list seems to miss a few big names like reowned Karachi Stock Market Brokers Arif Habib and Jahangir Siddiqui.They both have banks bearing their names and almost always bid in Privitization processes remember Steel Mills and Pak American Fertilizers? well any regular followers of KSE would know that the market capitalization of their holding companies i.e. Arif Habib Securities and Jahangir Siddiqui & Co. happen to be nearing 1 billion $ & 2 billion $ respectively a fact which can b found out by inquiring deep into the KSE website. Now they deserve their names in TOP FIVE!!!As of Zardari I dont believe he has enough money since his father was just known to b a small landowner & also owned Bambino Cinema which is not a big deal so kindly correct this list
I think Our ex prime minister should be there also as the gentleman gathered billions during his tenure.
Taha Nasir, he WAS son of a SMALL time businessmen, but then guess what? he was also husband of ex prime minister of Pakistan,
is this the same guy who bought Rockwood estate in surrey? for £5m in 1990? in todays 2008 real estate money about £15m ($30m)?
he might deny this ( oh yea he admited he lied at the end) but the English builders took himt o court as he never paid the bills to them for renovation.
he was married to benzair bhutto,
same women who said she will hand a q khan to usa??
and handed our files to india ?
biggest gashti traitor.
This questions is for Ms. Laila Ahmed… was nazia hasan really raped by pervez elahi?? I’ve never heard of any such incident before… can you plz explain when and how it happened :s
I do,nt like to give you any comment bcz some ppl in this world Created by Allah are just like animals & I think u r animal
I CANT BELIVE PPL ACTUALLY THINK BB WAS GOOD?
SHE WAS A TRAITOR,
why do u think all indians like her and indian leaders?
cos shes made of gold or something? NO, cos she was pro-india thats why.
i hate to talk ill of the dead like the above.
but im glad shes dead
One should never say anything bad about the dead. Always remember the good deads of the dead. Saif Group has done well to invest in power. There is an accute power shortage in Pakistan. We need power. Javed Saifullah is setting up 200 MW power plant in sahiwaal. Over 40-50 textile mills can be run with this kind of power. This would mean that if every textile mill has 2000 workers, it would create/prevent the loss to 100,000 jobs. Saif Group is also the highest tax payer in the frontier province. I have done research paticulary using sources from CBR. In a province like NWFP where there are people who are smugglers and drug dealers who may be much more richer and liquid than any industrialist but pay no tax to the state, this is very commendable.
WE ARE HAPPY TO SEE ALL ABOVE NAME AND OUR PRAY ALL OF THEM AND MAY GOD GIVE THEM MORE THEN THEIR THOUGHTS BUT THEY SHOULD REMEMBER THAT THEIR LAST HOME IS QABAR SO ALWAYS DISTRIBUTE YOUR 10% OF PROFIT TO POOR PERSONS, AFTER THAT YOU WILL SEE THAT YOU WILL BE THE RICHEST TOP TEN IN THE WORLD INSTEAD OF PAKISTAN INSHALLAH.
pakistan army is the best one in the world.our president mr musharaf is the great leader of pakistan.a visionary who think about pakistan .my request 2 all of u plz open your eyes & see wat going on around u.spy satalite above your head by israel.nato army next to your doors in afghanistan.indian media wants to show the world that pakies are terroorist.& WE R FIGHTING LIKE CHILDRENs.
WE R OUR OWN ENEMY.
JUST SIT DOWN WITH COOL HEAD & THINK WAT U DID FOR A BETER PAKISTAN & WAT U CAN DO TO MAKE PEOPLES LIFE BETER IN PAKISTAN WITH OUT ANY HELP FROM GOVERNMENT
LONG LIVE PAKISTAN
Najmi, i agree with u 10000%
but we also have a spy satalite system,
nato is next door but for how long?
and as for the indians, they will always smell.
they r so stupid, muslims ruled over then for a century so did the gorha, they never had chance untill now, shame on them and now they think they r clever cos they r ruling themselves!!
for me its quite strange as Mr. Bashir Ali Mohammad owner of GUl Ahmed textile mills is not in the list but majority of the people knows Gul Ahmed Group along wiht Janoo brothers are the richest people in Pakistan
GOOD WORK KNOWLEDGE FULL.BUT IF WEALTH IS LOST NOTHING IS LOST,IF HEALTH IS LOST SOMETHING IS LOST, BUT IF CHARACTER IS LOST EVERYTHING IS LOST.
AND MOST OF THEM ARE CHARACTERLESS PEOPLE AS Asif zardari.These people are no use for Better ment of Pakistan and Islam.We need petriote people to Islam and Pakistan.Rich or Poor.Lead pakistan to sucess
AOA,
Very interesting list i am astonished that Aasif Ali Zardari is at no 2. And some of my brothers are arguing that this is the bogus and doubtfull list,and where are the Generals so let me say that what the rubbish comments all that. Generels are just occupying the Pakistan’s wealth they are not businessmen, and they don’t know very well that how to invest and get the more money. So, always be realitic. Don’t mind Guys ok bye bye.
Mohammad Waqas Hameed Bhatti
in news : schon properties has recently increased just their portfolio to over 10 billion dirhams which is above 2.8 billion dollars ,this is just in dubai, they have assets over 500 million dollars in pakistan
Although the list seems to include most of the well known and widely recognized names in the country, as well as overseas Pakistanis, I strongly believe that it should only include those people who have earned their money by legitimate means.
It is a well known fact that several people on the list, without pointing a finger to any one person or group in particular, have dealt in fraudulent activities in one way or the other, including tax evasion.
Moreover, I really think that some of the figures are erroneous. Mansha at $2.5 billion? Come on… that is a lot, and it would also mean that he should definitely be on the Forbes list, as most of his wealth can be documented since it relates to publicly listed companies.
Others like Seth Abid, who hold acres of prime land in the country, should be worth a lot more, as no one really knows how much he owns, and most of his wealth was injected from his late brother and partner Haji Ashraf overseas, who was based in Dubai.
I think the list offers some indication of the richest people in Pakistan, but the order is probably not correct.
Rest assure they all will go bare handed from this world and will have to answer for everything they have been doing here.
Mr.Jahangir Siddiqui is ignored!
Mr. Asif Zardari isnt rich at all, you tried to make him on top, don’t know why.
Asif Zardari no doubt had some good assets in london and other countries as well, which was captured by Govt of Pakistan successfuly in Nawaz’s and Mushraf’s regime with the help of Supreme Court and International court of justice!
While the above list should be verfied several times correctly before publishing again.
The list does not include one of the Tycoon i.e Abbas Sarfaraz Khan (former federal minister) and nephew of Late Chief Minister of Pukhtoonkhwa, Mir Afzal Khan.
I think name of Shouket Aziz, The chaudhry brothers and Arif Habib is missing from the list I wonder who has the accurate record ,Please rethink and compile with acurracy & substence to keep this poor Nation uderstand as to why & how how we are so poor in this world of these filthy riches.
Asif Ali Zardari ki lottery muft main nikkal ayi. Pakistan ki maa bhen aik kardi aur result ye k mulk ka sabsey barra chore he hamara leader ban gaya. I send laanut on Pakistani awaam’s political awareness and social intellect.
hmm… i think Fateh Family’s name is missing ere…. But stil… this list is absoulutly wrong…. there isn`t any army person ere in is this list… thats astonishing…
I think, instead of saying why this group is missing or other is missing. If you have any number regarding the group only then mention.
Like some of us have come up with numbers, that is good. Now comming to question of Army, yes they are ordinary people have got rich but very rich. However, we dont have numbers.
I have been asked by one by teacher, ‘If you don’t have numbers, keep your mouth shut’
Time for me to shut up, as I have not contributed any number yet.
BTW, some of the _ental case people like Salim, are the one who make this world difficult to live. Upper chamber is full of s_it
Adil,Salim, Etc,
You guys just keep showing how ill-prepared your country is to compete with the rest of the world. You spend so much energy, describing exactly how much you hate. You cant build a country on hate. You can build a movement, you can build a fortune, but you cant build a country. A country is built with a foundation of hope, dreams, courage, patience and hardwork. Before you judge anyone, just stop to consider yourself. Go do something with your life.
Can someone tell me about SCHON GROUP and are Nasir Hussan, Tahir Hussan and Amir Hussan are the sons of Schon, the great singer.thanks
Bin Dawood Super / Hyper Markets is a chain of Saudi based stores which was bought by Mr. Mian Nawaz Sharif during his time in exile.
Ramada Hotel Deira – DUBAI was owned by late Ms. Benazir Bhuto.
Bilawal House at Emirates Hills Dubai is a 130 mn dirham (rs. 18 x 130) property owned by Bhutto / Zardari family.
Schon Property project in Dubai is belived to me under the partnership with Mr. Zardari.
You may like to add these.
Its totally none sense.NS and AZ have been out of business since 1999 with all accounts and industries siezed and how come they appear here in this list.
Is this report made by some reputable organization or is just a personal feeling.
Well agaencies are in again to make ground for another cough by blaming politicians.
Does any body know Tariq Aziz who was a simple income tax officer is now a billionare after 1999.This report dosnt show Choudhries( the biggest looters ever) and all the people who have been benefited since Musharraf was in.
We should be more acceptable and accomodative to the democratic forces.
Hi Im a journalist, above said list, perhaps made on the basis of tax paying mode. Anyhow, good work which could be improved with more dedication.
Names of some military generals’ families like Gen Zia Ul Haq and Gen Akhtar Abdul Rehman are missing in the list who both have more than two $ billions asests. While a hand full bureaucrats who had actually plundred the national Exchequer badly like Capt Nasir, Salman Farooq ect are missing.
Schon Properties have over 2.5$ billion worth of projects in Dubai. Company is owned by Nasir Schon and Brother Tahir Schon. Schon is not under Asif Zardari. It is a seperate entity. Schon Properties Billboards and signs are everywhere in Dubai. Anyone have any more information about Schon? I am trying to learn more about the truth of this life.
I think Asif Zardari is most corrupt person of Pakistan also belongs to most corrupt Political party.Ae log Pakistn aur is awam ke lia kuch nahi kare gai.sirf barbadi karne aae hai.Allah hamein in shatono se bachain.for Pakistan we think that Mr.Pervaiz Musharraf is sincere and nice person.
Instead of starting comments with “this list is bollocks” and other rudeness, why can’t people be constructive and point out who might be missing or not? Nothing in this world is perfect, and at least whoever’s put this list together spent some time doing what we are all reading and discussing, so wouldn’t it be better to start with “good job!!” and then add whoever you think is missing or whatever you think is wrong???
do more because u have a chance in this world but not in hare after. you have to answer to poor people they are poor because of you people.
great work ,but i m not watch here some tops like jhangir siddiqui , packages group and jang group as well
God has given you much. Please share your wealth with poors. And please contribute towards charity regarding hospitals. Thanks
Mr Rocky ,
Let me remove the curtain from Schon …………..
I’m ,amongst many, in Dubai who have invested in the so-called $2.5 billion worth of projects have been conned .He has lured people all around the world by his wonderful drawings of his many illusional projects in Dubai but has done no construction ,not even 25% on his first project since more than two years .I also believe Asif is involved with him .Most of the investors wants to teach him a lesson for not fulfilling his promises .
Schon family it’s biggest liers in Dubai.
I also invested money in their peojects in Dubai 3 years ago and till now there is now even 1 brick, in the same time they promised to handover my appartments 1 year ago.
They took our money and spent it to pretty cars and penthouses.
Haram to Schon’s family!
For further true facts about the SCHON FAMILY (SCHON PROPERTIES) ,click this link :
http://www.skyscrapercity.com/showthread.php?t=292680&page=90
i read all above information i like very much but one thing i want to ask u the may we accept your all information that u have provided and i want to know how u got or where from u got all this informtion.Inspite of all above why the people how earn the money form wrong way not punished by the accountablies management.
i read all above information i like very much but one thing i want to ask u may we accept your all information that u have provided and i want to know how u got or where from u got all this informtion.Inspite of all above why the people how earn the money form wrong way not punished by the accountablity management.
Yaroon.. yee dekhoo aur kuch seekhoo.. abhi bahut agree jana hai…
India currently has 4 in Top 10 Billionaires list and 60 in the list.
Already 6 Indians are CEO’s of Fortune Companies and interestingly there are all Born and educated in India. The list of High profile Managers and Directors is growing.
http://www.expressindia.com/news/fullstory.php?newsid=85281
Indian MBA get high salaries then Harvard or London Business School…ranked withing World Top 20 …
Official site of renowned magazine..
http://rankings.ft.com/global-mba-rankings
Highest Salary was at par even with Harvard MBA, grabbing $169,355 above any University in list
=====================
Other facts :
The number of companies listed on the Bombay Stock Exchange, at more than 6,000, is second only to NYSE.
Four out of 10 Silicon Valley startups are run by Indians.
With 800 movies per year, India’s film industry overshadows Hollywood.
The organized lottery market in India is US$7bn (2% of GDP).
India consumes a fifth of the world’s gold output.
Indians account for 45% of H1-B visas issued by the US every year.
Growing at 6%, in 25 years Indian GDP on a PPP basis will be at the same level the US is at today.
Six Indian ladies have won Miss Universe/Miss World titles over the past 10 years. No other country has won more than twice.
Bank deposits in India roughly equal 50% of its GDP OE again, among the highest in the world.
I m doubtfull abt the authenticity of the facts but some of the stories are very interesting and motivating even if they are not true, nice effort though !!
sorry not agreed with u
as yunus brother is pioneer in cement manufacturing but u havn’t mentioned that
[...] I have been in receipt of this extensive list of Asif Zardari’s Local and International holdings sent to me via a number of sources, in all honesty I have no way of precisely confirming the authenticity of this list but place it on this blog in an attempt to figure out what true what is simply hype. There is little doubt in my mind that this list may be quite close to being authentic considering the massive corruption that has plagued Pakistan in his previous two tenures in power, little to know that the Metamorphosis of 2008 which changed the way he appeared orchestrated after the assassination of his wife on 27th December 2007. Are we to believe in a ‘rejuvenated, honest by-the-books leader’, or are we gearing up to push Zardari further up into Pakistans Rich List of 2008 where he was previously ranked at #2. [...]
A previous poster was wrong: there are two professions in Pakistan, not one: businessman and politician. Apparently, all you have to do is get elected and you can become one of the richest people in your country. No wonder we get all the wrong people in our government. They’re just coming for the money. And still, nobody understands this in Pakistan. Zardari and Sharif were voted back into power. That means that the Pakistani people deserve these thieves.
Also, please check your comments for mistakes and errors before you post them, I can’t understand what half these commentors are saying.
Im my opinion, if u see these land mafia nd business tycoons, they r all belongs to Pakistan. But no body take a part to reducing the debt over Pakistan. These people r only for their ownself not for others nd not for their country. But i think so in these people, some people have more wealth which this site shows. Like Zardari, Nawaz Sharif.
where is Mr. Khalid Saghir owner of Maharaja Cruise USA Worth over $1.9b please put him in as well his website is http://www.maharajacruise.com
where is my name it should have been on top of the list
never mind!!! ;P
army generals should be included after all musharraf has stolen alot from pakistan
Some names,erronously neglected:Gandhara Group and others, business empire Habibullah Khan Khatak’s family, Haroon Empire,Kalila Group,Machhiara Group,Tahir A.Khan(Interflow and TV Channels like TV1 and wasaib)and Mr.Farooq Laghari and Mr.Ghulam Mustafa Jatoi,largest land owners in country.
Good to See all these Rich people of pakistan. I noticed many people are crticising here by posting comments in many ways.
Guys Wealth is not bad. Its good. it gives you a chance to be generous and collect blessings of God if you belive in God, on the other hand it Also generates GREED in you to have more than anyone else. And for that my friends you can Ruin anyone or anything in your way. So choice is yours. I dont understand why all people are getting hyper here. One is condeming wealthy ,someone is praising them, someone is saying its all looted money. people please control your emotions. If some is missed here in the list, no big deal. I want your Focus on one main point, What this list tells you?. “THE RICHEST PEOPLE”, Who ever they are. Now what do you feel about them?. Surely all readers if asked will say we want to be one of them. Little they know how much long time, hard work, and skill is required to achive such wealth. But is earning WEATLH is everything to you?. how would you feel if you loose 1,000,000 rupees from your pocket instantly. you might get heart attack from the shock of loosing such money instantly. The RICH has stamina of loosing millions without heart attacks. so please dont hate them. These guys have created a lot of jobs for millions of people.they are not Bad. They did it to Get Work from you and me and get rich. There is something else we should look at.
One person in comments was comparing indian and pakistani rupees thus giving comparison of economies and asking for sepration of religious believes from social activity. I dont understand why people are jumping to conclusions. DO YOU gentlemen and ladies have no judgement of your own?. Why we care if THE RICH LIST includes 100 more or not. WHAT WE ALL SHOULD CARE ABOUT is, did WE help them GOT RICH?????. and the ANSWER is YES!!!.Do we have any control over these Powerful?? NO!! We Worked in their Factories. We worked in thier lands, We worked in their companies and offices. WE VOTED FOR THEM……….Again and Again. What did we Got???. Inflation..Price hikes, middle class pushed towards poverty now. YOU KNOW WHY?. ALL of us and our nation are impressed with thier wealth and power, we think y they should lead US. We vote for them, We think these are Lords who give you everything. Guys….these are just humans like you and me. Taking advantage of our slave minds. They give us Jobs, We work for them… They get Rich. simple!!. we get our salary in rupees, they sell our produced work for Dollars. So we make them Rich, why hate them. THEY TAKE LOANS in the name of nation (Us) and EAT it, Ligitimately. CATCH THEM IF YOU CAN.Can You. NO, why hate then. so WE all are making them RICH, NO complaints please. What we should look at actually?
DID WE VOTED FOR A SYSTEM THAT BRINGS SOCIAL JUSTICE, THAT DISTRIBUTE WEALTH, THAT CARE FOR POOR AND SICK, for Jobless, for Educationless. NO, WE DIDN’T. we voted for DEMOCRACY AND CAPITALISM who favors capitalists and their growth NOT a SOCIAL system which care for growth of all members of society. So Why CRY? . We got what we want. If ZARDARI Made millions, He is smart. Other Capitalists, his political connections, His slaves, his bought people, his partners, everyone helped him get rich. Now he is TOP on list , lets clelbrate and feel proud on his wealth like he won Olympic Gold medal, and thats what actualy people do when they support him . He should be our hero and Ideal , Right?. We should even give him presidency of the country So he can Walk all over us too. You SEE people. Its You, not them. who are ruling Your FATE. Do You need change?, wealth ditribution? equal opertunitues? health, Education? own place to live? than GO GET IT. Dont vote for RICH and Famous to be your Leader. Dont make yourselves SLAVES and them Lords and leaders. WAKE UP….VOTE for CHANGE. ELECT MIDDLE CLASS PEOPLE TO PUBLIC OFFICESS AND ASSEMBLIES.Vote for TEACHERS, LAWERS, PUBLICE SERVANTS and you will see the change. Vote for parties that call for social system and you will see the change. If you dont find any such party. Make one or else you have no Hope. Pakistan will remain in hands of FEW RICH PEOPLE who protect each other but not YOU.
The british Left This Land but Left YOU in Hands of Fudel LORDS,and Now Capitalists. what makes you think you are a Free nation. Yes in other way you are Free totaly. Free from your national rights, free from equal opertunities,free from control over your fate. YOU are in THEIR hands and You have no Control over them.I Dont Hate RICH , I am just scared what they can do to our nation if there is no PUBLIC control over them. SO My Dear readers. MAY God HELP US all.
SCHON PROPERTIES listed in TOP 50 INFLUENTIAL ARAB COMPANIES
http://www.arabianbusiness.com/510704?start=3
Well worth over 1$ billion
Biased list…hatched up numbers…the countdown is topsy-turvy…how can one eve begin to discuss Pakistan’s rich list with this uncreadible piece of info?!
Knowing a couple of families in the list and the ones conveniently excluded, as mentioned by most, this just makes up for a good laugh over coffee!
Look what it has done to most here! =)
Do you not notice how this list does not contain any names like Humayun Akhtar, Afridi, or Ejaz ul Haq? And in December 2007 any names like Bhutto?
The comment posted by ‘Mark’ about Zardari’s Rockwood estate forgets that once it couldnot be proved that the
estate was owned by him, it was sold by the estate agents. As soon as he was released he went to England and sued these estate agents for selling his property without his permission. So it did belong to him.
Moreover the comment by Mark on the Bhuttos being moneyed since ages is plain wrong. In 1900 there was not a single Bhutto listed as a large landowner (500acres or more) anywhere in Sindh, so much so that the family was so impoverished that Zulfiqar Ali Bhutto’s studies in the US and the UK had to be financed by the Nawab of Junagadh where Zulfiqar’s father was the Dewan. There was no Nawab or anything else to pay for studies abroad or to stop Sir Bhutto from having to work for a living far from home.
hi budies this is adnan studing in Australia. i need some info about Mian Muhammad Mansha. can somebody able to give some info about him like when and where he born how he started his business and what r the qualities he has in business, in other words the biography of Mian Muhammad Mansha.
Aslam-o-alekum to all
Dear Sir/Madam,
I am a citizen of Pakistan. I am living in Peshawar city, province NWFP, Pakistan. I am graduate (Arts) and a holder of 1/one year computer science diploma. I am performing my duties as Computer Operator in a private clinic, of a private Aman hospital Dabgari Gardens Peshawar.
I have many problems in my life and also next in future. I was solved so many big problems but in process and in future there are many who have in pending position.
I do my best and want to perform best job/work in my life forever but there are many problems that need special care, attention and money to solve it quickly.
The first big problem is non-availability of my personal house. I was got a loan of Rs. 6,75000/- (Six Million and seventy five thousands) for it to build a personal house in Peshawar. Now a day I am in financial crises and not have any more potential to pay the loan money to the concern person.
The second big problem is, to refund the lended (Qaraz) of Rs 1,75,000/- for my sisters weddings. my mother and fathers was died in 1995/2008. So I am the person who is responsible to solve these all problems.
Please help me in my financial crises and support me to solve the problems and mail it to other friends and colleagues. I am very great full in this regard and pray for you long life.
Thanks you very much
GHULAM HUSSAIN
Room No. 121, first floor,
Aman Hospital,
Dabgari Gardens Peshawar.
0333-9155601
The icing on any cake always looks good. Now to measure the legal acquisition of the confetti is another question!
Thanks for sharing
~Ari
Hi there—-could you let me know what is the source for these names and figures? Is it a Fortune rich list etc or from an electronic or literature source in Pakistan, or from a different third party source entirely? Elliot
Asif Ali Zardari Pakistan
Ranking: 2 Worth: £900m ($1.8billion)
Industry: P O L I T I C S .,,,,, hahahahahahahahahahahahaha
To salim The NEO Muslim
We give a heck if you remain in Islam or not. Bit I am convinced by claiming to be a hater of Arabs and lover of Jews , christians and Hindus, you are already out of the Muslim family.You remain happy with your newly found love of the enemies of Islam. I pray you goto Hell in this world as well and I am sure to see you a loser in the hereafter.
And my guess is that you are from MQM living in India.
You will soon find what is Allah’s Curse because as per Holy Quran “Allah is Swift in reconning”.
Besides
The CHAPAL family has to be on the list but I appreciate that u hav worked very hard on the list. Chapal family has the most buildings in pakistan and a very rich and established family
I think this list is old as a man of pakistan who collet very very huge amount from america is Prvaiz Musharif ex president of Pakistan during his service he carry business of human sale (only pakistani) spacelist i request his name may be include in the above list as prvaiz musharif comes number one
Yo bros and sisters,
benazir was a bona fide hoe and her husband is a pimp ass mutha-fkr, the quicker you dumb ass pakis relaise that NO POLITICIAN in pak is gonna help you the better.
revolution is whats needed burn the bhuttos, zardaris, army generals and start again!
god help you sad sad people!
ALLAH JISSY CHAHAY EZZAT DAY OR JISSAY CHAHY ZILLAT
MA OR AP KON HOTAY HAIN KISI PER UNGLI UTHANAY WALAY HUMAIN APNAY AP KO DEKHNA CHAHIYE
DUAA KA TALABGAR
KAMRAN
So Sharifs and Zardari are at the top. This means you have be filthy rich to be a leader in Pakistan.
And by the way why no one cares about Sharif family’s ill gotten wealth anymore?
Spending 8 years in exile does not mean everything they own is legalized.
As a Pakistani citizen I beg Mr. Zardari and Mr. Nawaz who are on second and fourth place respectively to put all thier offshore money in Banks of Pakistan which can be utilized for different projects and help Pakistan out of crises and save us begging IMF for loans.
This could help in increase in foreign exchange and other Rich overseas Pakistanis will too contribute.
Please help Pakistan
I was the strongest opposer of Surkh Inkilab ANP at the time when i was in my student carrier but things have changed as well as the currunt circumstances has changed my as well as the mind of other common people as well.
I cast my vote for the first time ever in the favour of PPP just sympathatically as i thougt that Mr Zardari has changed now and now he is gonna take off our country but some poeple never change, we only can hope so.
Now the nara-e pakistan is:
Pakistan ka matlab kia, jitna chahay band baja.
The person who initatied this documents whould see his collour whether he is honest in his dicipline wherever he is, if his answer is honesty then I solute him for his struggle and if not then first he should improve himself.However, I apperciate the effort u have made up regarding exposing the persons who have made money through various ways.
Salam to All…
In sab k pas itna paisa hay to phir pakistan k banks main apnay Accounts q nahi rakhtay sirf 20/25 LACs k accounts hotay hain baaki paisa SWISS / Foreign Banks main q rakhtay hain???? Koi jawab de ga ??? agar ye Amount apnay Mulq main used karein to Pakistaqn ki Ecnomics main Tawazzun paida ho ga.. lekin ye log kion aisa karein gay Apnay Mulq ko to Loot k khaa rahay hain hamein afsos hay k ASIF ZARDARI Pakistani Awaam k paison se ameer bana hay….. is jese or bhi Buhat se Polititions hain…. Jeetay raho zardari hamare Paison pe Tum Raaj kar rahay ho hhahahah
Why are we running around like a begggar at any signals in Karachi have these uber rich Pakistani show some national spirit and bring their wealth back , we would’nt need any international khairat , Mr Prez when you Pakistan Khape show it by brining in ‘your’ wealth in Pakistan and others will follow
what ever has discussed in the comments is tottaly wrong as the asseccets shown in this site are absolutly wrong as these all people excluding some are the big and white collor criminals and they have grabed the money of pakistani nation in their own account nawaz sharif on the name of karz uttaro mulk sanwaro zardari as a ten percent and now cent per cent and other all too no one can collect such a huge amount by fair mean
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The list is fairly accurate but not completely. It needs to be updated, there have been major changes in the last 5-6 years. In addition I am astonished the Shakeel ur Rehman’s name is missing, head of the media empire in Pakistan?
He should be number 2 I would imagine.
Also,quit the religious verbosity on this comments page. Religion – the fanatic variety some of you are preaching on this page – is exactly what has driven Pakistan close to breaking point. We are now called a “failed state.” Good work.
Wish we had someone like Ataturk around to drown……..Ha.
Khanani And Kalia ko kioon pakra?????? mein ne pehle bhi ooper ye likha tha k ((((( In sab k pas itna paisa hay to phir pakistan k banks main apnay Accounts q nahi rakhtay sirf 20/25 LACs k accounts hotay hain baaki paisa SWISS / Foreign Banks main q rakhtay hain???? Koi jawab de ga ??? agar ye Amount apnay Mulq main used karein to Pakistaqn ki Ecnomics main Tawazzun paida ho ga.. lekin ye log kion aisa karein gay Apnay Mulq ko to Loot k khaa rahay hain )))))
Afsos k Khanani & Kaalia ko to pakar lia magar abhi wo log pakray nahi gay jin k PAISAY (AMOUNT )thay.. KHANANI to business chala raha hay na,,,, is ko LICENCE bhi dia hua hay MONEY CHANGER ka….. beherHAAL is ka bhi kasoor hay… or jo asal qasoor waar hain on ko bhi pakra jaay takay hamaray banks khali na paray rahein or Paisa bahir Countries k banks main na jaa sakay…
Its really shame the way the government of pakistan is handling to fix the economic problems of pakistan. They are part of the paroblem, not solution, and the economic situation will detoriate day by day, they are totally incapable. The people of pakistan neet to reject most of these polititions and not only bring new faces but capable people.
sAllAmX!!!
Its really a good work by the person who posted. Thakns!!
Although, this is hard effort but I believe there are so many ambiguities in it. The person should have cited the reference from where he collected that material and waht is the witness of vialbilty of data.
Anyways, good work, keep it up!
assholes like zardari should return the millions he has stolen from pakistan so we dont have to big the IMF and foreign countries like penniless dogs for money in order to avoid going bankrupt.
PPP supporters are unwashed, uneducated, mobster-like masses who have resorted to shutting down factories and rioting, demading pay inreases that only begin at 25% and over.
first we are bankrupt because people like Zardari steal.
secondly we are slipping into further economic decline because of his mobster supporters who now they think rule Sindh and feel it’s ok to resort to violence, and other lowly forms of manipulation and terror.
A damn shame.
@Above
“PP Supporters are uneducated”
For your kind information PPP supporters are well-educated. As far as concerned with the matter,I would say, people who are uneducated doesn’t belong to any single party.
Even though I don’t belong to any party, I support people who are really working for the betterment of Pakistan… like, Imran Khan, Mustafa Kamal, Shaukat Tareen, etc.
yeah! You’re rite I Zardari would bring his money to Paksiatn, Pakistan would need to beg from IMF..
The point that he looted miney of Pakistani People is wrong, because we don’t have any prove that he had done so! So better to respect him because he is now president of Pakistan….!!!
I don’t BELONG to Any PARTY!!!!
SAB JAO GAI 2 FOOT KE ZAMEEN MAI KYA KARO GAI ITNAY MAAL KHAAL KA JAHA PAR KOOCH KAAM NAHI AIGA SIWAI AMAAL AUR NIMAZ KA MOST OF THEM WILL GO TO HELL BECAUSE IN QURAN ITS CLEARED RICH MUSLIMS WILL ENTER HEAVEN 40 YEARS LATER THEN POOR FOR LONG ACCOUNTABILITY WILL TAKE PLACE ON THE DAY OF JUDGEMENT WITH THEM HOW DID THEY EARNED AND SPENT WHO KNOWS THEY ARE GOING TO HELL OR HEAVEN BUT AS MUCH WE KNEW MOST OF THEM IN THIS LONG RICH LIST IN DETAIL ONLY 1 OR 2 GOT 5%CHANCES TO GO IN HEAVEN ALL OTHER WILL BE PUTTEN IN WORST GRADE OF HELL THE WAY THEY EARNED AND SPENT
Hmmmmm………
Well quoted…. But our rulers do not understand this, they think that they got chance for looting money of public..
I note you have Shaid Luqman as number 16, worth an estimated £250M, does this amount include assets just in Pakistan or World wide?
This guy is a true genious as an Entrepreneur, one that has been self made and a true role model to Pakistani’s around the world.I have done some research on this guy and he has assets in the UK alone worth £275M, over $75M in the USA and approximately £130 Million in Saudi in hotels where he is a partner with one of the largest hotel developers in Saudi and is respected for as a true bussines man that has both ability and intelligence to create wealth.
Unlike some of the other people in your list where they have robbed the government through back handers and loan defaults this guy is the real man of steel.
Someone give me the email address or contact number of these rich person, me ask for some donation for my two disable child.
0333-5116917
WOW
I CANT BELEIVE THAT THERE ARE PEOPLE IN PAKISTAN WHO KNOW AND HAVE PROOF THAT ASIF ZARDARI IS A CROOK
ITS AS PLAIN AS YOUR NOSE THAT ASIF ZARDARI AND HIS PPP IS NOT FIT TO BE THE OFFICE BEARERS OF THE PRESIDENCY
REMOVE THEM PEOPLE
CMON GET UNITED AGAINST THIS SCOURGE GET YOUR COUNTRY ON A BETTER FOOTING
LET THE WORLD SEE THAT THE PAKISTANIS ARE MUSLIMS AND NOT INDIANS WHO ALLOW BRIBERY AND MONEY TO COVER ALL THE UNSAVOURAY TRUTHS
WHATS UP WITH LAILA
HELLO ITS A KNOWN FACT THAT ZARDARI IS A THIEF THAT IS HIS LEGACY
LET US MAKE DUA THAT HE IS DEPOSED BEFORE THE YEAR END COS THIEVES SHUDNT BE GIVEN ANY POSITION
PEOPLE ARISE AN DGET A LIFE WITH THE TRUTH
LET US TALK WHAT MAY WORK .
LET THE RICH INVEST ,IN COMMERCIALLY VIABLE PROJECTS, THEIR MONEY , RESOURCES , CONNECTIONS ,AUTHORITY AND TALENT IN PUBLIC WELFARE PROJECTS ENABLING MASSES TO FIND OPPORTUNITIES FOR WORK AND ENTREPRENEURIAL ENGAGEMENTS IN SECTORS OF FOOD ,WATER , MEDICINE , EDUCATION , HOUSING ETC THAT WILL ALSO PROVIDE NEEDED GOODS AND SERVICES AT AFFORDABLE PRICES IN GOOD QUALITY , PRODUCED COST EFFECTIVELY
ALLAH WILL GIVE THEM MORE .
I think these guys should bring their money back home if they have any outside…Atleast they can do that for the nation, who`s right have been snatched by them.One of the most authentic problem in pakistan is that there is accountabillity for for poor but not for elite class….
well i think our president zerdari shud b on the top ov the list as Mr.10% is now completely enjoying his leadership.
Well the list is interesting no doubt but as many said, missing some big names like Jang Group, Arib Habbib etc. and i very much doubt about some one here using Rolls Rice first time in pakistan as some old nawabs had RR for garbage removal just to humiliate British, and yes some ppl mention here r under valued as they r far more rich than mentioned here. But as a whole a good work.
We are one of those who struggles too hard to reach to our goals and we did it with Blessings from Allah Almighty and Now when we r ready to take big steps no one in pakistan allows us to do legal business and made large transactions to sellers legally we r trying to work in right way but Government ppl and banks not helphing us for the betterment of Pakistan and They refused to apply Bio diesel in agriculture by producing Bio feul here Our Most Corrupted Higher officials Ask for share (BRIBE) even in legal matters and any thing good for Pakistan.
Thats our story but it continues till we succeded to be 1 of the richest in paksitan.
Shouldn’t Altaf Hussain come back to Pakistan. Does it look nice that he vows of his love with Pakistan on TELEPHONE from UK. What’s the reason behind it. Is he afraid of being shot or afraid of his cases. He should take the example of Benazir Bhutto if he is afraid of being killed. Benazir despite getting life threats, came to Pakistan and sacrificed her life for this country.
Please, please let us have a Poor List of Pakistanis, for example, No 1 may be Ghulam Julandri of so and so pind, under nourished, lying on his death bed, heavily in debt, 10 kids to feed, physically handicapped, zero state pension, uneducated, blind, inhaling ganja to survive, HIV positive and total assets comprising a mussalla, lota and cloth bound edition of the Quran…anyone care to describe number 2?
Like acquisition of wealth is every Pakistani’s dream and salvation …. the key to survival in Pakistan. The divide is ugly…. it is vast …. it is real.
Where does loyalty and sacrifice for the Nation stand in all this?
We seem to be diverting our energies towards material pursuits through justified legal and illegeal means just because ….??
Zardari may be on a perceived list of the wealthiest – but not on my list cause he has given in to bad governance ….
In that …. he is without value for he has stabbed the nation in the back.
Aarz Kiya Hai….
Swat Kee Batwadaree
Khanjar Kiss Ney Utaree
Senay Me Mulk Key Saree?
Talibon Ki Ub Zamin Daree
Bandookein Sub Ko Pyaree
Aurtaun Kee Qismet Haree
Yeh Kaisee Chahar Deewari
Swat Mey Ab Yeh Bimari
Na Tumharee Na Humaree
Hakumat Kaisee Hai Haree?
Ravion Ko Qismet Pyaree
Saqi Ko Mey Hai Pyaree
Wardi Ko Kya Hai Pyaree?
Kya Ayeh Gee Unki Baree
Bari Bari Sub Ki Salaree
Ye Qisimeth Mey Ab Hai Humaree
Aapki …Bechari Tumharee Aur Humari
~Likhta Hai Ari
Lets talk about real issues …… real nightmares facing the country today …. now!
~Ari
aaj pakistan ko alag karney per tuli hi hoyi hai hamari khud ki awam q itna tassub hai hamari awam may khaaaas kar yeh tassub punjab may hai lakin ab dehktey dehktey patahano may bhi aagyaa aakhir kyu kyu jawab do koi muje
SUB BUCKWAAS HAI
i’m a richest man of all over world!
Because, I’m real muslim.
and no one is rich than a real muslim.
i have faith, Love, lot of respect, health…than who stupid said that wealthy is a richest man.
Wealth is nothing,
Health is something,
But
Respect is everything.
and all these richers are blood suckers, specially, Politicians Mafia, Builders Mafia, and Smugllers of Drugs & Weapons.
We are all fed up of bloodsuckers and Hyneas and wolfs eating pakistan like its a property given by their elders no 1 after 1948 is sincere to Pakistan.Army and Bureauecrates are labeled as For Sale and whenever Upper Hand want they kill Pakistani ppl like they r hunting birds.
Corruption and bribe is in our blood and when the stockists store all the consumable products it is not American order or when the rates of normal things goes up its not American order its WE the PAkistanis who are doing this.
Allah is watching over them and 1 day they are all doomed and be beggers but then they were kicked and cursed by poor and those who has nothing to eat and no where to live.
Complaints Complaints Complaints…
Anyways, this list is just generated to create propaganda against Asif Ali Zardari, for what it sounds like. Reason being, as the other comments have proven that this list is bogus cuz it doesnt have any generals in it, nor Jang group, nor Packages group, and where are saigols?
Second reason, all other big groups are being praised for there so much hard work and business strategies. But only Zardari is being penalized for all the corruption. May be because the writer of the list and then the commentators over the article thinks that only if Zardari is finished from this country, our country will not be a corrupt nation no more. How cool is that :D HUH ?????
Also, if he is the only one who is corrupt and the rest are angels, then i must say he deserves to be on the top of the list. Whatever guys… OPEN UP YOUR EYES? Read about how propaganda works!!! Quit following what your fathers and forefathers have told you about how corrupt these politicians. Because that is also the part of propaganda to bring the work POLITICS into a negative connotation so that the youth of the nation does not will to join it. As you have seen, those who did and became a threat for THEM, got killed. But our nation only appreciated there contributions after there death. And I will not be surprised when Zardari would be assassinated, these very people will also sing his songs, just because he is not going to be a threat to them no more.
Hi,
I need scholarship to finance MSc from Manchester. Can anyone donate GBP22,000
qaisarirfan@gmail.com
This list is damn doubful!
Mr Shakil Rehman (Jang/GEO Group) ignored.
Jahangir Siddiqui (JS Group) ignored.
Habib/Bohra people ignored.
While
Benazir Bhutto and Bhutto Family is ignored, Bhutto Family before and after Pakistan owned great agricultural lands in Sindh and Benazir Bhutto was born richer than all others, its said that she has world’s 2nd largest collection of diamonds personaly. Not after coming into power.
The above rich list maker seems very bias regarding some people.
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