Pakistan’s most influential business magnates or groups have never been easy to shortlist. These are the richest, most powerful families – the people who make and break lives in Pakistan. They have a say in everything with the power and money at their feet.. these are the opinion makers, the trend setters and the wealthiest families.
We have selected only those tycoons who have made their presence felt for a better part of country’s history, have earned consistently, have been setting up units at regular intervals or have been legends in stocks, currency or real estate business.
1. Mian Muhammad Mansha Yaha – Worth: $2.5 billion/ PKR 25,421,250,000 (Businessman)
Mansha has around 40 companies on board. Mansha, who owns the Muslim Commercial Bank is also setting up a $17m paper mill. He is one of the richest Pakistanis around. Nishat Group was country’s 15th richest family in 1970, 6th in 1990 and Number 1 in 1997. Mansha is on the board of nearly 50 companies.
2. Sir Anwar Pervaiz – Worth: $1.5 billion/ PKR 152,527,500,000 (Businessman)
He is the Chairman of Bestway Group. The Bestway Group started in 1976 with its first Bestway cash and carry warehouse opened in London. Today they 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.
3. Saddaruddin Hashwani – Worth: $1.1 billion/ PKR 111,853,500,000 (Businessman)
Saddaruddin Hashwani is Chairman of Hashoo Group and is known for his 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.
4. Nasir Schon & family – Worth: $1 billion/ PKR 101,685,000,000 (Businessman)
Nasir Schon is a prominent business leader of Pakistan and the CEO of Schon Group. Nasir Schon is the son of Captain Ather Schon Hussain, an ex-pilot of PIA. The Schon family is one of the few striving Muhajir Urdu business families in Pakistan. Starting off in Singapore in 1982, the peek of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertizilers. Currently, Schon Group is managed by his sons, Asher Schon and Khizer Schon who look after day-to-day affairs in their Dubai HQ. They have also launched Schon Ventures, which is the group investment vehicle which has invested in Fitness, Transportation, Real Estate, and Technology start ups.
5. Abdul Razzaq Yakoub and family – Worth: $1 billion/ PKR 101,684,000,000 (Businessman)
Mr Yakoub is a prominent Pakistani expatriate businessman based in Dubai. He is the president of ARY group ($1.5 Billion turnover) and World Memon Organization (WMO). He is one of Pakistan’s biggest media barons controlling around 7 channels. Besides this, he has a huge property holdings in Karachi, Islamabad and Dubai amounting to over $200m, along with 20 gold outlets in Asia.
6. Rafiq Habib & Rashid Habib – Worth: $900 million/ PKR 91,516,500,000 (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.
7. Tariq Saigol & Naseem Saigol – Worth: $850 million/ PKR 86,432,250,000 (Businessman)
Hailing from Jhelum, the pioneer of the Saigol dynasty in 1890 was Amin Saigol who established a shoe shop that eventually transformed into Kohinoor Rubber Works. And then times saw them shining literally like the Kohinoor until their progress was halted by Nationalization in which they lost two-thirds of their wealth.
8. Dewan Yousaf Farooqui – Worth: $800 million/ PKR 81,348,000,000 (Businessman)
Mr Farooqui, the mentor of this group has been the Sindh Minister for Local Bodies. Dewan Mushtaq Group is one of 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.
9. Sultan Ali Lakhani & Sons – Worth: $800 million/ PKR 81,347,000,000 (Businessman)
The Lakhanis are currently having a hard time at the hands of NAB. Sultan Lakhani and his three brothers run this prestigious group and the chain of McDonald’s restaurants in Pakistan. NAB has alleged the Lakhanis of having created phoney companies through worthless directors and raised massive loans from various banks and financial institutions.
10. Malik Riaz Hussain, Bahria Town – Worth: $800 million/ PKR 81,346,000,000 (Businessman)
Malik Riaz Hussain heads the massive project which is currently developing state-of-the-art schemes in Lahore, Karachi and Rawalpindi/Islamabad. Emerging out of the blue, this developer has reportedly developed tremendous connections which is what matters in Pakistan – One of the few reasons why his constructed projects get completed in time without hindrance.
11. Sheikh Abid Hussain aka Seth Abid – Worth: $780 million/ PKR 79,314,300,000 (Businessman)
Sheikh Abid Hussain alias Seth Abid. He is one of the most resourceful developers/builders in the country owning vast stretches of land in major cities. On this land worth many billion of rupees, Seth has constructed residential schemes under the brand name of “Green Fort.”
12. Mian Muhammad Latif – Worth: $700 million/ PKR 71,179,500,000 (Businessman)
Chenab Group Mian Muhammad Latif supervises this group along with his brother Mian Ashfaque- a legislator in the National Assembly of Pakistan. Founded in 1975, Chenab Limited set up its first fashion outlet “Chen One.”
13. Haji Abdul Ghafoor & Haji Bashir Ahmed – Worth: $660 million/ PKR 67,112,100,000 (Businessman)
Sitara Group Started its activity with textile weaving as early as 1956, under brothers Haji Abdul Ghafoor and Haji Bashir Ahmed. It is now its textile cloth finishing and processing, textile spinning, chlor-alkali sector and in power generation.