The Richy Rich Ones of Poorly Poor Nation

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By our Special Correspondent
Pakistan is considered to be one of the badly poverty-hit nations in the world. Though the successive
leaders have been making claims of enhancing country's economy and changing the lives of the
poor, yet it seems that the richy rich have only been focusing on enhancing their personal accounts
and assets while claiming to be the champions of anti-poverty campaigns.
The Daily Mail, with the help of authentic sources, has prepared a data of just afew Pakistanis of
important profiles and are, otherwise, supposed to be the custodians of the rights of the poor
masses. Our aim behind publishing this list is not to tarnish anyone's image but to highlight the other side of the coin
as well and that is that all the Pakistanis are not so poor, many are as rich as ony richy rich from any part of the
world.
The list excludes many names that have previously qualified and all of Pakistan's most prominent feudal lords who
would definitely make it to the top 10, accept the few land owners which have declared their assets and workforce
and registered with the authorities concerned. In order to promote the new and 'unknown' Pakistani magnates we
have excluded in previous entities.
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Ranking: 1 Worth: £1.25b ($2.5billion)Industry: Businessman
Mansha has around 40 companies onboard. Mansha, who owns the MCB Bank (earlier known as 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's assets are $4.4Billion. He is sometimes even regarded as the richest Pakistani around by his friends
claiming he does not 'show it off'.
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Ranking: 2 Worth: £900m ($1.8billion) Industry: Politics
Asif Zardari, now known as Nelson Mandela of Pakistan is currently ranking at the coveted Number 2 position.
Though he remained in prison for about a decade, yet he managed to establish enough assets to lead a successful
and comfortable life, his assets holding amount into hundreds of millions of dollars easily, having 8 prime properties in
the UK and in the US.
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Ranking: 3 Worth: £750m ($1.5billion) Industry: Businessman
Chairman of Bestway Group. The Bestway Group started in 1976 with it's first Bestway Cash & Carry Warehouse
opened in London. Today we 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 cement business in 1995 and set up
cement manufacturing plant in Pakistan at a cost of $120 million.
Taking Advantage of Pakistan's 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, 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. They have many interests
in Pakistan too. Sir Anwar Pervaiz and 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 is on the move!
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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 and some of his assets including his $5m Mansion in Raiwind, near Lahore.
Before becoming PM he was a major shareholder along with his brother and cousins of Ittefaq Group, having assets
well in excess of £50m in the 90s. However, he got richer as he continued to progress as a politician, during his exile
period in Saudi Arabia. It is said that he established a new huge business empire in various sectors.
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Ranking: 5 Worth: £550m ($1.1billion) Industry: Businessman
Saddaruddin Hashwani is Chairman of the prestigious HashooGroup. Hashoo Group is known for it¶s dominance in
Pakistan¶s hotel industry, though Hashwanis 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.
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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 Fertilizers. 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.
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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 of 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 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 claims, is
government¶s forgeries.
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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, synthetic 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, Habibs were a myth
once.
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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 one of the finest business brains around.
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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 license
for BMW in Pakistan and now Rolls Royce showrooms.
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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 phony 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.
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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.
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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 ³Green Fort.´ Seth came into this business after decades of notoriety as being one
of the spearheads in cross-border smuggling. 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 or bureaucrat 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.
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Ranking:11 Worth: £350m ($700) Industry: Businessman
Chenab Group Mian Muhammad Latif supervises this group along with his brother Mian Ashfaque- a known politician.
Founded in 1975, Chenab Limited set up its first fashion outlet ³Chen 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 µBusinessman 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.
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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.
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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
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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 fertilizer, energy and infrastructure and development sectors.
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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.
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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.
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A jet-setting international businessman who flys 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.
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Ranking:15 (tied at 15) Worth: £240m ($480) Industry: Businessman
The late Khan Bahadur Ghulam Faruque Khan (1899-1992) 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 ³The 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
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Shahid Luqman, born in Gujrat, is a financier from Manchester and has founded µPearl 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.
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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 ³Ibrahim 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 $300m.
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Starting from interests in real estate and stock-broking in the year 1947, the late Haji Abdul Karim Dhedhi (may he
rest in peace) laid the foundation of what today is the AKD group of companies, one of the largest domestic business
enterprises in Pakistan with a combined net worth of over US$ 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!
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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.c
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Director of the London-based Bestway cash-and-carry business established by Sir Anwar Pervez.
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Bestway director Sheikh, 70, London cash-and-carry business Bestway continues to thrive.
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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
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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 ³Prince of Sargodha´. Also referred to as the
³Shaheen 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.
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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.
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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.
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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 .
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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.
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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.
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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.
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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.c

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