Re: Pakistan’s 40 most powerful business empires
Well if people like me will ask them, they will just reply:
"Allah ka karam hai ji"
Re: Pakistan’s 40 most powerful business empires
^
that karam comes in the shape of corrupt politicians and IMF who despite knowing how rampant corruption is in pakistani political circles still lends them the money in billions of dollars. it doesn't care whether money is being used for public's betterment. all they know is that they'll get it back with hefty interests. all that matters in the end.
Re: Pakistan’s 40 most powerful business empires
^^ its not good to brand all of above as corrupt, there are some people here in the list whose empires evolves with consistant efforts.
I am impressed by House of Habibs. give them due respect where its due.
Re: Pakistan’s 40 most powerful business empires
^^
Roughly speaking, the rich of Pakistan fall into many categories, most important ones include:
- Pure Business empires.
- Semi-political business empires.
- Political Business Empires.
- (Criminal background) Business Empires. (very rare)
There are many families who have restricted themselves to business and put their best to attain a certain level. Anyone who had worked hard in Pakistan has achieved some status, and they must be respected for their hard-work, loyalty and broadness.
Many families worked hard but were left in a situation where some political support was necessary. They used that political support when highly desirable; otherwise they had no share in politics.
Re: Pakistan’s 40 most powerful business empires
Actually I disagree..most of Pakistans new rich super rich families..new as in the last 20 years are political families..Humayun Akhtars, Saifullah, Chaudhrys..all these families have made money through being patronised by the Military usually followed by misuse of official power once they entered politics directly. The old business class of the 60's..predeominantly karachi based, has recovered substantially from the shock of the 1970's but due to the nature of the politics in Karachi they could never build a base on par with the Chaudhrys or the Sharifs..the only Karachi exception to that was the Haroons, but even there power has long since been eclipsed politically, a by product of Karachis very party oriented politics.
Re: Pakistan’s 40 most powerful business empires
31. The Bahria Town (Pvt) Limited
Malik Riaz Hussain heads the massive project which is currently developing state-of-the-art schemes in Lahore and Rawalpindi/Islamabad. Though Malik Riaz may not be having a very renowned name in business circles, fact has it that the value of his land-holdings both within & outside Pakistan amounts dozens of billions of rupees. 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. Possessing no convincing financial background, Malik Riaz is known to have been benefited immensely-courtesy patronage of former Pakistan Navy chief admiral retired Mansoor ul Haq. Others say both Malik and the admiral had stuck a $ 200,000 deal but the man behind the Bahria Town is least moved and irrespective of who is in power; he continues to build house after house-swelling his wealth. And then he is happy being a sponsor for many-welfare parties held under patronage of the ruling elite
He is definitely gonna go up this ladder and will become one of the richest in pakistan, he is starting various $ multi-million projects around pakistan and one of his recent projects is worht $1 Billion. He is just rocking the Pakistan Housing industry.
- The Yunus Brothers
The Yunus Brothers
The Chairman of this group is Abdul Razzak Tabba. This group owns one of the largest warehouses (textile products) in Pakistan. The concerns falling under the ambit of the Younus Brothers are Fazal Textiles, Gadoon Textiles, Lucky Cement, Lucky Energy, Lucky Power-Tech, Lucky Textiles, Younus Textiles, Security Electric Power Company and Younus Brothers etc. Razzak Tabba is an active player in the politics of the prestigious All Pakistan Textile Mills Association (APTMA) too, apart from assuming a king-maker’s role in the political arena of the FPCCI. Tabba came to more limelight last year when he hosted very heavily attended dinners in honour of the textile magnates from all across the country, while siding with Messrs Tariq Saigol and Mian Mansha in their battle against the APTMA Chief Waqar Monnno. He is quite a philanthropist too and has initiated various welfare projects for his Memon community in Karachi and Sindh. He frequently stars in the community welfare programmes held under the auspices of the Asia Tabba Foundation, World Memon Foundation and the Kathiawar Cooperative Housing society etc Tabba is a man who likes to keep away from camera and despite all his influence and riches-something which has made him earn tots of respect.
- Gul Ahmad/Al-Karam Group
Gul Ahmad/Al-Karam Group
Gut Ahmad is one of the most vibrant Memon business houses in the country that was founded by Haji Mohammad Pakolawala, but is now split between Gul Ahmad and Al-Karam Group of Industries. While Gul Ahmad is headed by Bashir Al Muhammad, the Al-Karam faction is controlled by Umar Haji Karim. In 1953, Gul Ahmad was incorporated as a private limited company with a capital of Rs eight million. Gul Ahmad is presently a composite unit with an installed capacity of 88,000 spindles, 108 air-jet looms and 297 conventional looms. The group has been a pioneer in the field of power generation as well. Gul Ahmad’s directors have held top positions in various textile bodies, export committees, besides having assisted government of Pakistan in few major talks with EU and US. The group is set to launch the Excel Insurance Company shortly as required licenses/documentation stands done. Al-Karam, on (be other hand, is one of the largest textile concerns in Pakistan producing superior quality yarn, apart from having Amna Industries, Orient Textiles, Imran Crown Cork, Gul Agencies, Dabheji Salt Works and Pakistan Synthetics in its wallet. It owns a dairy-related establishment too by the name of Pakistan Dairy Products Limited. During Moeen Qureshi’s tenure, Alt Muhammad was appointed Vice Chairman of Export Promotion Bureau.
- The Bawany Group
The Bawany Group
Bawany dynasty was founded by two Bawany brothers, Ahmad Karim Ebrahim Bawany and Abdul Latif Ibrahim Bawany born in 1882 and 1890 respectively at Jetpur, Kathiawar, who had migrated to Burma towards end the end of 19th century and set up Ahmad Violin Hosiery Works in Rangoon. In 1947, they migrated to Pakistan. It was perhaps in memory of the Hosiery Mills at Rangoon that a company with the same name was incorporated in Karachi and is doing a flourishing business. The name Bawany has its origin in the name of an elder of the family, who was known for his honesty and hard work in home-town Jetpur. They were the first among the Memons to open a purchase office in Japan and nre currently active in textiles, jute, sugar, particle board, Oxygen, leather, garments, tanneries and cables Bawanis are known to have maite night investment decisions at the right time and their contemperaine still acknowledge them for his quality. Bawanis are known to have made right investments us the right time-something their contemporaries acknowledge.
- The Servis Group
The Servis Group
Shahid Hussain is the Chairman of this massive foot-wear giant whicb now is neck-deep in textile business too. Shahid has replaced Ch Ahmad Saeed (sitting PIA Chairman (as the Servis boss. Both Chaudhary Ahmed Saeed and President General Musharraf happen to be old friends from their Forman Christian College days. Ch. Ahmad Saeed’s younger brother Chaudhary Ahmed Multhtar is a well-known Pakistan Peoples Party leader who has been the Federal Commerce Minister of Pakistan during one of the two tenures of two-time ex-Premier Benazir Bhutto. Ch. Ahmad Saeed’s son Arif Saeed is Chairman APTMA Punjab and is siding with his Central Chief Waqar Munnoo against a huge number of textile gurus. The Servis Group operates in sectors like shoes, tyres, cotton yarn, leather, syringes and retailing. The political constituency of these politicians-cum-businessmen also happens in be the feud-ridden Gujrat district of Punjab where Ahmed Mukhtar sometimes emerges triumphant against President Pakistan Muslim League Ch Shujaat Hussain, and at times loses the support of voters for a National Assembly seat. It is this proximity with various regimes that the Servis Group bus been rated so highly. And then, even if alleged for a white-collard crime, these Servis guys remain relatively comfortable-courtesy their clout as a political-cum-business family.
- The Tata Family
The Tata Family
Do not confuse the Tatas in Pakistan with their name-sake market leaders in India. Having migrated from Nepal Mehboob Elahi started with a tannery in Bangladesh much before 1971 but his five Sons Mehboob lqbal ‘Tata ( Chairman Jinnah Hospital Lahore). Riaz Tata (President FPCCI) Anwar Tata (Former Chairman APTMA), Khalid Tata and ljaz Tate together built 15 odd units, ably supported by the third generation scions like Shahid, Masud and Hasan Tata. Tatas are in textile spinning, weaving, denim, woven, knitwear, leather and energy business. Having annual turnover in excess of Rs 1.5 billion, this Chinioti family too traces its presence in business as early as 200 years from now. Bound in a cohesive bond, each of the Tatas heads a separate unit. The sitting Federation President Riaz Tata heads the Naveena Exports Division and despite having faced some tough times at the top slot in the apex body. Pakistan’s key business leader is holding his throne tightly, though there have been occasions when he (Riaz Tata) seriously thought in terms of vacating office due to business pre-occupation. But the mammoth number of colleagues and friends around him barred him from doing so. The vintage Tatas overall lead unassuming life styles. They love to remain in low key but prove their worth when times demand.
- The Alam Group
The Alam Group
This establishment comprising three leather and two textile units is led by former President Karachi Chamber Shahzada Alam, elder brother of sitting Vice President FPCCI and Senior Vice chairman Pak-USA Business Council Arshad Alam. Messrs Leather Connections, a joint venture with a UK conglomerate, is one of those units managed by this group which happens to be Pakistan’s largest exporter of value-added leather products. While Leather Connections is looked after by Arshad Alam’s son Khurshid Alam, the textile arm of this group is supervised by Faraz Alam son of Shafiq Alam, the youngest Alam brother. The family has also made huge investments in real estate and stocks, within and outside Pakistan. While the younger creed looks after business, the elder Alams give time to their passion of playing ring leaders in the politics of the FPCCI and other business chambers. The group also runs an import/export entity by the name of Continental Traders, besides having recently set sails for investment in media too. Shahzada Alam gained more recognition when he went out airing strong resentment against the involvement of business institutions in country’s politics. The Alams are an eminent Chinioti family in business for the last 150 odd years, known more for dominance in leather sector. COMPASS is the name of the philanthropic school for retarded and disabled children which the Alams operate in Gulberg Lahore sans any external assistance.
- The Guard Group
The Guard Group
The 87-year old Malik Shafi, decorated with Pakistan’s highest civil award, still looks after numerous business entities with complete vigour. Eldest of his four sons is the former LCCI/FPCCI President lftikhar Malik who is also the sitting Chairman of Pak-US Business Council. The Guard Group deals in automotive parts, filters, brake fluids and other vital accessories of motor vehicles. The group has enjoyed monopoly in this business since 1959, when the government servant turned magnate Malik Shaft decided to enter business. Guard Rice, one of the largest exporters of this community around the world, is being run by Shafis youngest son Shahzad Matte who is also holding the slot of Lahore Chamber’s Vice President. The’ other two Maliks-Waqar and Shahbaz control the technical sides of their family business, apart from keeping an eye on this group’s real estate & agricultural land holdings. Maliks are an Arain Punjabi family that also runs a few free hospitals and dispensaries. Malik lftikhar however, is keener with his hobby to be in limelight all the time and is perhaps Pakistan’s most photographed tycoon. While people refrain from coming under camera when they grow in stature, Malik loves operating a Lahore-Islamabad shuttle service to sit next to anyone who is ruling. But then he delivers when needed
- The Ejaz Group
The Ejaz Group
This establishment owns country’s largest knitwear-cum-dyeing facility at Lahore. More than half a dozen textile units of Ejaz Group are being run by yet another chinioti scion*** Mian Gohar Ejaz*, son of late Senator ***Sheikh Ejaz*. Gohar held the reins of this group very much during his college days when Sheikh Ejaz left for his heavenly abode after protracted illness that lasted months. Gohar is now a noted policy maker at both Federal and Provincial Textile Boards. He is one of the Boards of Governors at the Punjab institute of Cardiology Lahore. People started paying a heed to his leadership abilities in 1997, when he took on the APTMA grey-heads convincingly during the 1997 annual polls and narrowly lost to his opponent in fight for the top slot. Gohar then had led a rebellion comprising promising youth from renowned textile families. Against the hegemony of stalwarts including the likes of Messrs Tariq Saigol, Mansha and Jahengir Elahi etc. His younger brother Mian Faisal Ejaz is the son-in-law of Shahzada Alam Monnoo. He is yet another investor in mutual funds and real estate, though relies more on his obsession i.e the textiles and his passion which is value-addition in this sector. The services Gohar has rendered for creating awareness with reference to value-addition are certainly quite meritrions.
Re: Pakistan’s 40 most powerful business empires
umm umer, dont u think a lil miserable si link will fit quite nicely over here? or do claim to have straddled the 50 years of pakistani existence with the transgenerational development of these empires watching the moneyed landscape sitting within corridors of power and privielged influence? 
Re: Pakistan’s 40 most powerful business empires
^OK, Sir. Discontinued at 24.
Re: Pakistan’s 40 most powerful business empires
IN SAB KAY BARAY MAIN T OPARH RAHA HON BUT IN SAHAB KA PATA HAY MUJHYA ABHE KARACHI MIAN KUCH ARSA PEHALY 3.50 KHARAB KA JO LOSS HUA HYA AIK TV PROGRAM MAIN IS BARAY MAIN YEA AAY TAH KAY US MAIN AIK NAAM AISA BHEHAY JO IN SAY MUNSALIK HYA , AB YEA NAHE PATA KAY KAHAN TAK HAQEQAT HYA , I THINK VIEWS ON THE NEWS THA ARY DIGITAL PAY
Re: Pakistan’s 40 most powerful business empires
The business in Pakistan is still dominated by people of Karachi to some extent, who have worked hard to establish and reestablish it. Memons are perhaps the best minds Pakistan have when it comes to business. Sheikh families of Chiniot also have a big share throughout history. Though some of these 40 richest groups can easily be said to have political support but still there are some who have worked hard. Even if political support was there, still one need to have enough intelligence and hard work to get benefit out of it.
Re: Pakistan’s 40 most powerful business empires
Is it not unbelievable!! the perosn whose image has been tarnished the most Asif ZArdar and Benazir Bhutto are not any where on the to 100 even!! so guys it must be time to say that all the cases against BB and Zardari ar false!!! and let us bring them back and let them serve the country!!" i think it is time to stop propaganda jsut for the sake it and really look at the truth behinf the headlines that make us hate politicans!
Can youalso add Ijaz Ul Haq he is filthy rich too and so are alot of the previous army generals daughter and sons!!
Re: 8. The Saif Group
Awwww family…Saifullah mama, what a brave man. I remember when I met Saifullah Shah the head of this Saif family, a true Pashtun. During the Karachi fights, when the Mohajiroon and Punjabi police were busy killing Pashtuns, Saifullah Shah sent thousands of AK’s and support to his people there and tought the monkeys who not to mess with. He funded many Pashtuns, and by far has done more for Pashtuns then any Afridi Khatak or Shinwari bataans. His current family is full of bunch of urdized battaans though.