Can any one tell me how many billion dollar private companies are there in pakistan, and also how many billionaires are there inside or outside the pakistan. I am asking Just out of curiosity so flammers please find some other thread.:nono:
Re: Que-Billionaires an billion $$ companies of Pakistan
There are no exact figures available for a country like Pakistan, since in order to avoid taxes, businesses and individuals resort to all sorts of tactics in order to understate their value. Taking a rough guess, Id say there is no company in Pakistan with declared assets in the billion dollar range (unless you meant billion rupees). As for individuals, there are probably less than 5 individuals with declared assets of over a billion dollars.
This doesnt necessarily mean that the government is losing out on lost revenues because of the above. Recent policies have made it easier for investors, and while you may not find many billionaires, you will find a lot of millionaires, since what they do is break down their holdings, and distribute them into multiple smaller ventures under different ownerships, which in fact, does earn the government a lot of revenue, and at the same time keeps the investors retain a low tax bracket.
Re: Que-Billionaires an billion $$ companies of Pakistan
according to forbes the richest pakistan companie is PTCL, they had somewere around $500 million, as for billionaires theres no one, but people do say nawa shrif, benizir, zadari have over a billion hidden in different banks around the world, they probly stole it all from the nation bank of pakistan while they were PM.
Re: Que-Billionaires an billion $$ companies of Pakistan
good topic...I actually tried to do a lot of research on this topic sometime ago but could not find any pakistani billionare...but the info from suhaib is helpful...I think there wud be billionares in pakistan but kyonke corruption ka paisa hai ya to avoid taxes they wud never show it..
Re: Que-Billionaires an billion $$ companies of Pakistan
india has plenty of billionaires
Re: Que-Billionaires an billion $$ companies of Pakistan
Thanks akif and suhaib. Thats the kind of information i was looking for.
one more quick question for you guys, who is the richest pakistani(officially) in or outside of pakistan.
guys thanks again.
Re: Que-Billionaires an billion $$ companies of Pakistan
The richest individual, I dont know. Again, as a guess, Id say it would have to be someone in the brokerage business, or some money changer, mainly because they are always in posession of their capital. There may be other billionaires too, but industrialists normally dont have capital on hand. Their assets are mainly in the form of property, equipment, or stock.
PTCL is not a private company, not yet anyway. Only 10% of it is public holding, with 90% stake with the government, so it wouldnt fall in this category.
Re: Que-Billionaires an billion $$ companies of Pakistan
I would think it is probably within the landed gentry class.
Re: Que-Billionaires an billion $$ companies of Pakistan
the bahria guys are pretty rich. Just filling out their form costs 40,000 rupees. Jang group of publications are another rich group. They are basically in every form of mass media in pakistan.
Re: Que-Billionaires an billion $$ companies of Pakistan
30 years from now im gonna be the richest pakistani person, and im gonna be in forbes cus i pay taxes.
hahaha, but seriously it will be me!
Re: Que-Billionaires an billion $$ companies of Pakistan
richest guy from pak is a tought one between riaz malik of bahria town and the guy who owns hashoo group, who have many 5 star hotels all over pakistan and many other business.
Re: Que-Billionaires an billion $$ companies of Pakistan
That would be Sadruddin Hashwani (Pearl continental Hotels, formerly Inter continental)but I dont think he is the richest even though he bought Occidental's Oil and Gas fields in Pakistan, now Zevar petroleum named after his mother
Re: Que-Billionaires an billion $$ companies of Pakistan
Richest man in pakistan....has to be Nawab Akbar Bugti.
Re: Que-Billionaires an billion $$ companies of Pakistan
well you can guess
http://hoh.net/ - Habib Group auto, and many others
http://www.hashoogroup.com.pk - Hashoo runs 5 start hotel chains in pak.
Saigals - many
Nishat group, owns a bank and cement and taxtiles
Adamjee group
so possible many may be hiding in those groups but not declared.
and landlords who dont pay a single tax - most hidden economy in the country, whose only assets can reach to billions.
Jataoi i guess he is on top of the list.
and then
Mazari, Leghari, Bhuttos and others.
one other thing we are ignoring here, many Pakistanis have investment and industries in other countries - not declared at all,
Chaudris - Korea and may be japan.
Ijaz-ul-Haq - in US - he himself declared he is richest person in Pak but then backed off.
I dont think we have single but in double figures but in hiding. 
which doesnt help Pakistan economy though unfortunately.
Sir Anwar Pervez, Bestway £175m = $340+ aprox in uk
Re: Que-Billionaires an billion $$ companies of Pakistan
CURRENT RATINGS 2004: Pakistan’s 40 most powerful business empires
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The Nishat Group
Mian Muhammad Mansha Yaha is the captain of this splendid ship having around 30 companies on board. Mansha, who owns the Muslim Commercial Bank as well, is now setting up a billion rupee ($ 17 m) paper sack project too. 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. Chinioti by clan, Mansha is married to Yousaf Saigol’s daughter. He is deemed to have made investments in many bourses, currency and metal exchanges both within and outside Pakistan. He has had his share of luck on many occasions in life and has recently been awarded Pakistan’s highest civil award by President Musharraf. 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! -
The Jang Group
This huge media empire was founded by late Mir Khalil-ur-Rehman some six decades ago. Today, around 10 top newspapers and the multi-billion rupee GEO TV project are being run by Mir Shakeel-ur-Rehman, Mir Khalil’s brainy son, who has a lot of projects pertaining to real estate under his belt too. Though he can be very modest, Shakeel is known to have taken country’s Prime Ministers head-on. His tussle with Nawaz Sharif in 1999 spoke volumes of his unmatched influence in all domestic and international quarters which matter Shakeel is one of Asia’s most well known media barons, whose newspapers have served to be the breeding nurseries for country’s top journalists. He invests massively in stocks business regularly. His elder brother Mir Javed ur Rehman and tender son Mir Ibrahim also assist him in business. Such magnificent has been his influence that at times, a few governments have opted to take a few of his employees as ministers. The Group, as most politicians agree, has been instrumental in both toppling and building governments in Pakistan for decades now. Limelight is the product that he sells but doesn’t like tasting the fruits of his own garden. -
The Hashoo Group
Led by the vintage Saddaruddin Haswani, the Hashoo Group is more known for its dominance in Pakistan’s hotel industry, though the people who know a bit more about the Hashwanis are of their 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. -
The Packages Group
The seed of this huge empire was sown by Syed Maratib All, a renowned supplier for British Army and the Indian Railways before partition. The group launched a joint venture with Lever Brothers soon after 1947, but massive production of Pakistan Tobacco Company later reportedly made Syed Maratib All and sons install a packaging Unit by the names of Packages. Two of Maratib’s sons-Syed Amjad All and Syed Babar Au have remained Pakistan’s finance Ministers and two of his well-known grand-children-Syeda Abida Hussain and Syed Fakhar Imam-are political stalwarts who need no recognition. Late Syed Amjad Ali was Pakistan’s first Ambassador to the United Nations, while Syed Babar Ali is the force behind the establishment of the LUMS. The group owns Nestle Pakistan too which is being run by Syed Yawar Ali. Syed Babar Ali has also served as Chairman National Fertilizer Corporation during the Bhutto regime too and has been the Chairman of Hoeist Pakistan, Lever Brothers and Siemen. 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 groups Contributions towards the cause of an independent Pakistan are unprecedented. -
The House of Habib
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 was 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. -
The Saigols
Saigols originally hail from Jehlum. 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 by Nationalization in which they lost two-thirds of their wealth. Saigols got trifurcated in 1976 and 15 descendents of Amin Saigols tour 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 lime either accepting or refusing prized slots everywhere. Tariq is the one of the finest business brains around. -
Nawa-E-Waqt Group
The Nizamis may not be Rockefellers or the Sheikh Muhammad, but arc the custodians of a highly influential media empire. Since media is now beginning to be classified as very serious business, Clout or this group’s head Majid Nizami and that of his nephew Arif Nizami in nearly every sphere or the Pakistani society is being Widely acknowledged. The impact this group has managed create on Pakistan’s political scenario since 1947 is unprecedented too. The group runs two esteemed dailies-the Nawai-e-Waqt (Urdu) and The Nation (English). Besides publishing a few other monthlies and weeklies. They too are serious custoniers for an electronic media channel. Hailing from Sangla Hill, a youth Hameed Nizami (late) went out taking a paper that was badly needed by the Muslims of India during the Pakistan Movement. Hameed was a renowned student leader in the sub-continent who only gained proximity with the Quaid-c-Azam because of his distinct and selfless for an independent Pakistan. Though Hameed died very young in 1962, he gave Majid Nizami a rich legacy to take care of. The youngest Nizami, Khalil, died some years ago and was also part of this illustrious group. Out of Hameed Nizami’s three sons-Shoaib, Arif and flr.Tahir’only Arif has followed in his father’s footsteps and is the sitting President 0f All Pakistan Newspaper Society (APNS). Nizamis are a 60-year old entity too. -
The Saif Group
Is owned and operated by the sons of famous NWFP lady politician Begum Kalsum Saifullah. Her eldest son Javid Saifullah heads Ibis 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. -
The Crescent Group
The history of this group dates back to 1910 when Shams Din of Chiniot and his four sons came into business with a tannery at Amritsar. This family was allotted 125 acres in Faisalabad in lieu of their left-over property in India. These brothers’ Muhammad Antis, Muhammad Bashir, Fazal Karim and Muhammad Shafi-then ruse up to become country’s largest textile exporters. They had initially set up the Mohammad Amin-Muhammad Bashir Limited for export of cotton and import of various products. Having more than two dozen concerns in its fold, Crescent is majestic force to reckon with. This empire serves as the best example of cohesion among cousins, uncles and nephews. Altaf Saleem of this group has enjoyed the slot of Chairman Privatisation Commission during the Musharraf regime, but has not been accused of any bungling during despite having served on a Prized slot. The group today owns numerous textile, steel, sugar, modaraba, food, leasing, knitwear, software, power, chemical, banking and investment units. They are one of the richest people in the country for the last 40 odd years. This Chinioti Sheikh family has lived up with quite a wonderful reputation, bearing an excellent record with its creditors throughout its bu.siness history. Men running Crescent do not have to make contacts, for the privilege comes to them naturally. -
The Monnoo Group
The Monnoo dynasty was founded by two brothers-Dust Muhammad and Nazir Hussain in 19405 at Calcutta. The first unit owned by the Monnoos was the Olympia Rubber Works. And then time saw the Monnoos setting up sonic 20 textile mills in succession. Former President Shahzada Alam Monnoo is the man behind the strength of this group-known more for its achievements in the textile sector. Munnoos have been a symbol of wealth during the last 65 years or so. Shahzada’s brothers, .Jahengir and Kaiser are assisting him in business, while silting APTMA Central Chairman Waqar Monnoo also hails from this magnificent group. In East Pakistan, Monnoos had also left a few power, feed, textile and agriculture-related units some nine in all. Their elder Munir Monnoo, after leaving East Pakistan, had set up looms at Faisalabad. Shahzada Alum Monnoo, perhaps the well-dressed man in the country along with Saddar-ud-Din Hashwani, is no alien for any ruler. The Monnoos are Chiniotis too. Shahzada Alum Monnoo, after some break, is again active in the politics of Lahore Chamber while Jahengir Monnoo is siding with Waqar Monnoo in latter’s vicious battle of ego with Messrs Tariq Saigol and Mian Mansha. They star in business politics of and on, but seem to have Inst the taste of ii somehow. Perhaps had enough of salutes! -
The Dewan Group
Dewan Yousaf Farooqui. The mentor of this group has been the Sindh Minister for Local Bodies. Industries, Labour, Transport, Mines & Minerals. Holding of so many portfolios by a single man bears ample testimony to the fact that the Dewans keep a leg sticking in polities too. The 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 finance some 40 medical dispensaries and over a dozen schools, apart from funding roads/drinking water and Bio-energy infrastructures. Dewans arc on their way building a $ 1O million SME Resources with IFC investment of $ 3 million. The Dewans enjoy massive influence in the engineering sector.
http://www.presidentofpakistan.gov.pk/CelebratedPakistanis.aspx - this has top 40 declared groups of Pakistanis according to CBR.
Re: Que-Billionaires an billion $$ companies of Pakistan
^^^^^
well bahria group is pretty new and wouldnt be on that list but with $25 billion projects happening in pak they should be number 1 in 2 years time.
Re: Que-Billionaires an billion $$ companies of Pakistan
well if that happens then they will be first one as only real estate group in top list.
where did you get this hefty fugure of $25 Billions??? thats is very surprising
Re: Que-Billionaires an billion $$ companies of Pakistan
^^^^^^
well it was everywere, all over newspapers, he signed a deal with malaysian companie TAK.
he even came in every newspaper in malaysia.
15billion dollars projects has allready been lauched., other 10 will be done soon.
Re: Que-Billionaires an billion $$ companies of Pakistan
salam,
interesting topic. I dont know of any individuals who are billionaires in pakistan, but there are around 7-10 outside pakistan. Hajji abdul razzaq is one, owner of ARY gold. My dad knows one kashmiri Malik from amritsar (originally) in the states who is a billionaire and 3 pakis with pathan backgrounds 2 in Saudi Arabia and 1 in Qatar.
I havent personally met a billionaire but i remember in england 7 months ago i was with my saudi friend in st jones wood and i met this guy from karachi who told me tht his family’s assets were about 200 million USD, u could tell the guy was filthy rich, his watch was 75,000 pounds. I didnt ask him wot his family name is or wot business they do, coz to me its cheap, i mean i hate it whenever i go to a paki barbershop and they start asking wot ur dad does, how much his salary is bla bla.
oh yeah, dont believe that forbes list its bull****. firstly coz i know there are about 7-10 if not more paki billionaires in the world and secondly bill gates is not the richest man in the world. Kuwaits Jassim AL-Khorafi has more, his estimated wealth is around 80 billion USD.
Re: Que-Billionaires an billion $$ companies of Pakistan
Dont worry i will take 10 years, n i prefer to be in Fortune:blush: