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
Comments
322 responses to “Pakistans Rich List of 2008”
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 !
the numbers given in this report are nonsense…
Where is Siraj Qasim Teli, owner of multiple bevrages companies?
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
lollllz………….sab jhoot ha.salah jhoota
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.
ah thanks i was looking for the list….
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
Hi, Who is Nasir Schon? Who is the Schon group?
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 😛
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 is Nasir Schon guys?
I thnk shahzada Alam Manon Name Mising
bec he is tycon of textile in pakistan