[SwF] Richest Families in Pakistan

---------- Forwarded message ----------
From: Hussain Hyder Ali Khowaja <hhalik-/[email protected]>
Date: Sun, 4 Sep 2005 03:09:04 -0700 (PDT)
Subject: [SU] Fwd: Richest Families in Pakistan
To: Hussain Hyder Ali Khowaja <hhalik-/[email protected]>

Richest Families in Pakistan
=20
1. The Nishat Group=20
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!

2. The Jang Group=20
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.

3. The Hashoo Group=20
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.

4. The Packages Group=20
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.

5. The House of Habib=20
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.

6. The Saigols=20
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.

7. Nawa-E-Waqt Group=20
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.

8. The Saif Group=20
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.

9. The Crescent Group=20
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.


10. The Monnoo Group=20
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!

11. The Dewan Group=20
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.

12. The Lakson Group=20
The Lakhanis are currently having a hard lime 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.

13. The Sapphire Group=20
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 and has
an annual turnover of $ 219 million. 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.

14. The Dawood Group=20
Was ranked Pakistan's biggest group in 1970, 3rd in 1990 and 15th in
1997 like all. Nationalization and the East Pakistan tragedy trampled
all over the Dawoods too. Today, the original Dawood Group stands
split in three factions. The owners of this empire refrained from
opening any unit for a good part of some 20 odd years. This group was
founded by Ahmed Dawood, but later the dynasty found itself divided
among the three Dawood brothers-Ahmad Sadiq and Suleman, The key
players in this group led lives in exile during the Bhutto regime.
Former Federal Minister fur Commerce and Trade Razzak Dawood, the son
of the late Suleman Dawned runs the Descon Engineering and a few other
units dealing in manufacturing refrigerators and other consumer
products. Hussain Dawuod, sun of Ahmed Dawood, has already rendered
meritorious philanthropic services in the field of education by
supporting brilliant and needy students. Hussain runs Dawood Hercules,
some modaraba companies and a few textile units.
 The Sadiq Dawned Group owns a few leasing, modaraba and insurance
concerns too, apart from the Dawood Yamaha. Sadiq Dawood's decision to
become an MNA in 1951 and Treasurer Pakistan Muslim League during
Ayub's rule certainly benefited the Dawoods.

15. The Best Way Group=20
Sir Anwar Pervaiz is the Chairman of Bestway Group which started off
as a specialist Asian food store in West London in 1962. More retail
units followed and by the early l970's the group had opened ten
general food stores. He may easily be dubbed the richest Pakistani.
The Bestway Group moved into the wholesale business in 1976 when its
first Bestway cash and carry warehouse was established in London.
Rapid expansion in wholesaling followed during the 1980's and 1990's,
and to date, the Bestway Group comprises of about 30. The Bestway
Group moved into the cement business in 1995 when it decided to set up
cement manufacturing plant in Pakistan at a cost of $120 million. In
2002, the Bestway Group acquired a 25.5% stake in United Bank Limited.
Today, the Bestway Group has a diversified portfolio, with 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 =A3 1 billion for the year ended 30th June
2002. The group provides direct employment to over 2300 people.

16. The Haroon Family=20
Headed by Yusuf Haroon, 9l, the former Sindh Chief Minister and
Governor West Pakistan, this family owns The Herald Group of
publications which includes the Daily Dawn, Monthly Herald, Aurora and
Spider magazines. When he rose to Karachi's Mayorship, Yousaf was the
youngest Mayor in sub-continent's history. This prominent scion of the
Memon clan had remained a strong believer that General Zia-ul-Haq bad
launched systematic discrimination against the Karachi businessmen
that made the Memons fly outside Pakistan with their money. Yosaf's
younger brother Mabmood A.Haroon has also remained Sindh's Governor,
besides having served as ADC to Quaid-Azam at the age of 17. The
Haroons; wealthiest in the country once, are prominent media barons of
today who enjoy unmatched influence in country's political and
business arena. Sir Abdullah Haroon, father of Yousaf and Mahmood, bad
died in 1942, but sot before he had devoted his residence for the
cause of Pakistan. Handling both business and
 politics at the same time never seemed tough job for the disciplined
sons of Sir Abdullah Haroon. Yousaf Haroon also served a country's
High Commissioner to Australia. The great grandfathers of the Haroons
had migrated to Karachi some 150 years ago where they made fortunes in
clothing and sugar trades.

17. The Yunus Brothers=20
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.

18. Gul Ahmad/Al-Karam Group=20
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.

19. The Bawany Group=20
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.=20

20. The Servis Group=20
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.

21. The Tata Family=20
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.

22. The Alam Group=20
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.

23. The Guard Group=20
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

24. The Ejaz Group=20
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.

25. The Tabani Family=20
The Tabanis are also deemed as one of the biggest groups associated
with manufacturing, trade, export and import business. They are one of
the few Pakistani industrialists holding massive stakes in Central
Asian Republics. They own Pakistan's first private airline-Aero Asia.
Yaqoob Tabani is this group's chairman. The fields of Tabanis'
businesses include counter trade and barter transactions, textiles,
fashion garments, leather, tourism, automobiles, shipping, power
generation, oil and gas, metals, chemicals, fertilizers, cigarettes,
cement and medicines. Tabanis have wings stretched everywhere. You
name a business field and Tabanis are there. But despite all the clout
it enjoys at the top levels, the family opts to remain modest. Ashraf
Tabani, an elder Tabani, has served Sindh's Governor, Provincial
Minister of Finance, Industries, Excise and Taxation between 1981 and
1984. He was appointed Honorary Administrator of the FPCCI during the
1971-1973 periods soon after Bhutto's
 Nationalization. Ashraf Tabani has also served as Chairman Employers
Federation Pakistan, President Silk and Rayon Mills Association and
former Chairman of Industrial Development Bank of Pakistan's Board of
Directors. They are a leading Memon family, also engaged in funding
various public welfare schemes. Though scandals can confront any
industrial establishment of this size, Tabanis have been fairly lucky
in evading them.


26. The Tapal Group=20
Is headed by Aftab Tapal. The group's success in tea business has
astounded many. The journey of Tapal's remarkable success is the
combined harvest of three generations of this family. In 1947, Tapal
started out as a family concern under the supervision of Adam Ali
Tapal. Faced with tough competition from very well known tea brands in
the market, the Tapals dispelled the common impression that their
capital base would soon be eroded. The company grew under Faizullah
Tapal, whose son Aftab today brings a lot of innovation and marketing
vision to make Tapal a household name. After having lived abroad,
Aftab rushed hack home with flourishing ideas and introduced new
concepts in the commodity that was first sold at Thomas Garway's
Coffee House in London in 1657. Equipped with latest state-of-the art
blending and tea-mixing paraphernalia. Tapal is today Pakistan largest
tea company as its consumption runs into millions of cups every month,
according to an estimate by this company's
 marketing division. In December 1997, Tapal Tea became the first
Pakistani of its kind to have attained the ISO-9001 certification.
Tapals are also known to have stakes in power generation business. But
their tea makes the Tapals known to all. The group claims nearly 1.4
million cups of tea in Pakistan are made of Tapal every hour.

27. The Atlas Group=20
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 Rs 15 billion mark and so have the sales.

28. The Abid Group=20
Is run by 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.

29. The Sheikhani Family=20
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 Rs 450 million.
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 unprecedently
overnight.

30. The Dadabhoy Group=20
Abdul Ghani Dadabhoy was the founder of Dadabhoy group, starting in
trade and branching off into the construction business. The group has
a big share of cement market in Southern Pakistan. Memons by clan,
Dadabhoys are closely related to the Bawanies. Abdul Ghani Dadabhoy
had five sons and two daughters, namely Noor Mohammad Dadabhoy,
Mohammad Farooq Dadabhoy, Mohammad Hussain Dadabhoy, Abdullah Hussain
Dada Bhoy and Ghulam Mohammad Dadabhoy. Daughters are Mrs Mehrunisa
Jaffer and Mrs Zaibunisa Tanveer. This Group has massive investments
in cement, energy, construction, leasing, polyester, banking and
insurance etc. Dadabhoys are seasoned campaigners and perhaps do not
like being brought into any sort of reckoning like the Habibs. Despite
being a formidable business entity, this family is deemed to be
extremely reluctant throughout its history, when it comes to flashing
headlines, but mind you these unassuming Dadabhoys are still
news-worthy. Any good day, you might hear them doing
 something new. Stock pundits know a lot more about their past stints
at the country's bourses.


31. The Bahria Town (Pvt) Limited=20
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.

32. Adamjee Group=20
The seed of the formidable Adamjee Empire was sown by Haji DAwood in
1896 by establishing a commodity trading company. His son Sir
Adeamjee, Haji Dawood went out building a match factory, second
largest of its kind then, in 1923 at Rangoon (Burma). By 1947 Adamjee
Group wan the biggest exporter of jute from Calcutta. During Bhutto's
nationalization, they lost the Muslim Commercial Bank & stakes in the
Mohammadi Steamship Company, leaving then with only Adamjee sugar
Mills and Adamjee Cotton Mills, Karachi. Toda, they own the KSB pumps,
besides having poured money in paper flooring, diesel engineering,
construction centre, garments, general trading, insurance and
chemicals etc. one of the biggest names in 1970's, the Adamjee
some-how failed to keep hold on Pakistan's largest insurance
companies. The Adamjee Insurance Company is one of them, which still
has around 70% of country's total insurance business & is the most
internationally reputed and accepted Pakistani company of its kind.

33. Jahangir Siddiqui& Co=20
This firm has floated ABAMCO which is perhaps the largest mutual fund
in Pakistan's capital market arena. The firm offers full financial
services in the securities industry. ABAMCO is a joit venture among
major Pakistani and foreign institutions including International
Financial Corporation (IFC) headquartered in Washington. Muslim
Commercial Bank, Saudi Pak Commercial Bank & Messrs AMVESCAP, which is
a British company created through the merger of the AIM Management
Group with and into a subsidiary of INVESCO which is one of the
largest asset managers on the globe having assets worth approximately
$ 348 billion under its direct management. While the Munawwar Aslam
Siddiqui is the Chairman of this apex capital market operator, Najam
Ali sits in the Chairman's office of the Jahengir Siddiqui and
company. The Pakistan Credit Rating Agency (PCRA) has awarded
heartening long and short term ratings to this concern. ABAMCO was
incorporated in 1995. ABAMCO is the first asset management
 company in the private sector in the country. MCB, with a deposit
base in excess of Rs 182 billion & operating with a network of 257
on-line branches too has played a major role in ABAMCO's success.

34. THE Din Group=20
The group is headed by S.M.Muneer, former president of FPCCI and that
of the Karachi Gymkhana. He is vice chairman of Muslim Commercial Bank
too.Muneer's din Group is engaged in textiles and leather business
mainly, though this Chinoti family has also made massive investments
in real estates and stock business too.Muneer has been active in few
political tenures too, as the former two-time prime minister Benazir
Bhutto had appointed him Minister of state along with Mian Habibullah,
another Chinoti who has headed the FPCCI too. Though people still
remember Habibullah as having served as Chairman Export Promotion
Bureau during Benazir Bhutto's regime, they tend to forget that time
had come when Muneer also shared EPB's Fairs and Exhibition Division
with him.Muneer's son SM.Tanveer is a key figure at APTMA Punjab Zone.
He is a busy bee in business politics. Despite hectic life schedule,
he still manages to take time out and play an active role at prime
business bodies in one way or the
 other.muneer has a visible instinct to be district-a passion that has
helped him rise to all heights. At Din Textiles, the entrepreneurs
have strived to produce nearly 1000 shades by mixing dyed cotton.

35. The Adil Group=20
Mian Adil Mehmood, who is married to Mian Mansha's niece, is in
textiles business mainly, but what has actually helped him climb the
ladder of fame and respect, have been his untiring efforts to resolve
the problems of bank defaulters under Governor State Bank of Pakistan,
in collaboration with country's Development Financial Institutions
(DFIs) all of which has resulted in revival of sick induxtries. Both
defaulters & banks appear indebted to Adil as he has visibly save one
party from a possible action & other from spending millions of rupees
on lenghthy litigation. Along with Mian Usman, Adil was appointed
member Governor SBP, s Dispute Resolution Committee on Defaulted Loans
in 2001 and since then he has been flying between Lahore & Karachi to
provide respite to some 700 defaulters meaning thereby that he has
been catalyst in helping banks recover billions of rupees from their
stuck up credits. Adil is also senior Vice Chairman APTMA Punjab zone.
By vitue of the honorary slots he
 holds, this Chinoti magnate has been one of the most sought after
businessman in the country of late, despite him chanting the merit
slogan. Like most of his contemporaries, he too has excelled in
philanthropic services. Free eye-treatment is what his charity
specialises in.


36. Chenab Group=20
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. In August 2003, the
Chenab Group signed a Rs 900 million loan facility with the National
Bank of Pakistan. The group's textile products have been awarded the
Oekotex 100 accreditation.

37. Sitara Group=20
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.

38. The Colony Group=20
Mian Muhammad lsmaeel Sheikh, who laid the foundation stone of this
group, set up his first factory in 1898, first flour mill in 1908,
taking Colony Group's total tally to 14 ginning factories and 4 flour
mills by 1947. The group suffered heavily during Zulfiqar Bhutto's
nationalization and it was left only with a few textile mills, flour
mills and ginning factories. Though Sheikh Ismaeel's heirs could not
manage to take Colony's name to the top, they have had an excellent
time. But despite their share of hard luck, Colony Group's owners that
still run some jute, textile and financial companies. Colony Textile
Mills was the first unit of its kind to go into operation in
independent Pakistan. Ismaeel Sheikh's sons Aziz, Naseer, Farooq and
Mughis have also been active in politics. They once owned equities in
newspaper and a few of them even went out contesting elections in
1970. These Colony people, many thought, could have scaled far more
greater heights, because the kind of start
 they had in business falls in the lap of very lucky people only.=20

39. Arif Habib Securities=20
This company is owned by Chairman Karachi Stock Exchange (KSE) Arif
Habib. It is one of the largest brokerage operations on the bourse.
One of its subsidiaries-Arif Habib Investment Management
Limited-specialises in mutual funds. By 2001, this concern was listed
on all the three stock exchanges. Since its inception, Arif Habib
Securities has been one of the best-performing and most profitable
brokerage houses in the country, helping its net profit jump to Rs
751.9 million by almost 200%. At the same time, the overall capital
base of this firm had almost doubled to Rs 1415.1 million till 2003.
Recently, Arif went out slating the imposition of 0.1 per cent Capital
Value Tax on turnover and managed to get it slashed through
negotiations with the government. Operating with numerous high-worth
clients, Arif Habib has won it all through the reputation and
connections he has managed to build since 1989. Arif's success is also
attributed to the generous per centage of cash dividend and bonus
 issues that he believes in announcing regularly. The company's assets
had surged from Rs 73.54 million in 1997-98 to Rs 2178.95 million by
2002-03, while earning per share had soared from 3.72 to 12532 during
the same corresponding period.

40. Kassim Dada=20
Kassim Dada, hails from a 19th Century Memon business family known to
have possessed the vision of international trade when most of their
contemporaries were rather na=EFve 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.
=20

regards

Hussain Hyder Ali Khowaja
URL: www.hhalik.cjb.net
Email: hhalik-/[email protected]
Cellular: 0044 (0) 7951 434197


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