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Short-listing Pakistan s most influential business magnates or Groups has never be en an easy task because there are

the people who have been very powerful in near ly every regime that has held this country s reins since the last 60 years and the n we have had those seasonal species that maneuvered their voice to be heard bet ter than most within the power corridors, but later vanished into the oblivion f or one reason or the other. We have selected only those tycoons who have made th eir 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. The list excludes many names that have previously qualified and all of Pakistan s most prominent feudal land lords who would definitely make it to the top 10, exp ect the few land owners which have declared their assets and work force and regi stered with the CBR Islamabad. In order to promote the new and unknown Pakistani m agnates we have excluded in previous entities. Unfortunately, our extensive research does not currently include the names of a few stars that shone brightly amidst the galaxy of the influential creed of yest eryear like C.M.Latif of BECO- the Steel Man of Pakistan- who did make a lot of name once, but then got gifted with contentment somehow, although the late busin ess wizard got very badly hit by Bhutto s nationalization of 1970 which had inflic ted an astounding thud to everybody in business then. Had it not been the case, many of our tycoons may well have managed to gain the kind of status greeting th e likes of Birlas and Tatas in India today, if not the one saluting Bill Gates o r Warren Buffet. Among these gifted individuals, you will find politicians-turne d-businessmen, businessmen-turned-politicians or even the businessmen-cum-politi cians. With malice towards none and with no intention to decorate somebody, We t hus takes the pride of announcing these names. We hope this document will go a l ong way in serving as the most authentic endeavor of its kind for a very long ti me to come. It has been prepared very carefully in consultation with leading rea l estate barons, stock moguls, business leaders of virtue and senior bureaucrats at the Central Board of Revenue. 1 - Mian Muhammad Mansha Yaha Pakistan Ranking: 1 Worth: £1.25b ($2.5billion)Industry: 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 Nu mber 1 in 1997. Mansha is on the board of nearly 50 companies. He is deemed to h ave made investments in many bourses, currency and metal exchanges both within a nd outside Pakistan. He could have bought the United Bank too, but then who does n t have adversaries. Nishat Group comprises of textiles, cement, leasing, insuran ce and management companies. If Mansha was bitten by Bhutto s nationalization stin t of 1970, his friends think he was compensated by Nawaz Sharif s denationalizatio n programme to a very good effect. There is no stopping Mansha and he is still o n the move. Nishat group assets are $4.4Billion. He is sometimes even regarded as the riches t Pakistani around by his friends claiming he does not show it off . 2 - Asif Ali Zardari Pakistan Ranking: 2 Worth: £900m ($1.8billion) Industry: Politics Asif Zardari dubbed Mr 10% an unknown happy-go-lucky son of a small-time businessm an who struck gold by marrying one of the worlds most glamorous women Former Pri me Minister of Pakistan Benzair Bhutto. Taking advantage of his wife s authority h e is known to have taken kickbacks from many deals inside and outside of Pakista

They (Zardari and B. o f Pakistan. cement production and more recently into banking. Documents. Besides these many more kickback dea ls were taken with companies such as ARY Gold. indi cate an agreement was reached to pay a 5% remuneration about $200m to Marleton Bus iness. Sanghar. the Mulk swaaro scheme involving public & govt. The Bestway Group started in 1976 with its first Best way cash and carry warehouse opened in London. Mr Zardari also has huge stakes in sugar mills all over Pakistan. lentils a nd pulses. Social de Surveillance (SGS). Mirza Sugar Mills.n. 3 .5billion) Industry: Businessman Chairman of Bestway Group. a Polish tractor company. Including their recent takeover of rival group Batleys for arou nd £100m. The group s total sal es amounted to in excess of £ 2 billion. Today he live s in exile in Saudi Arabia where it is known he has a new huge business empire i n various sectors. Badin. having assets well in excess of £50m in the 90's. Also 14 multi-million dollar mansions in the USA.5% stake in United Bank Limited in 2002. which definitely makes him an ideal role model for many yo ung Pakistanis today. Sir An war Pervaiz and his his partners sheer hard work has bought them to outstanding international levels. money collections to help pay pf Pakistan s debts also was pocketed. H e was ousted in a military coup in 1999 and was forced to forfeit $9million doll ars and some of his assets including his $5m Mansion is Raiwind near Lahore. Texas Owned by Mr 10% and Iqbal Memon and Sadar-ud-Din H ashwani. property investments.4billion) Industry: Politics/Businessman Mr Sharif Businessman turned politician the former Prime Minister of Pakistan. Bestway Group ventured into Pakistan s huge the cement business in 1995 an d set up cement manufacturing plant in Pakistan at a cost of $120 million. Ansari Sugar Mills. Pangrio Sugar Mi lls. Zardari assets holding amount into hundreds of millions of dollars easily. milling of rice. He build the first motorway and many new roads and took heavy kickbacks.Sir Anwar Pervaiz UK and Sheikh Rizwan (Chinioti) Ranking: 3 Worth: £750m ($1. Cot ecna. and ZPC Ursus. Nawa bshah. The group provides direct employment to t housands in the UK and Pakistan. Today. the Bestway Group has interests in cash & c arry wholesale. a BVI company controlled by Zardari. He still on the move! 4 . he started a new scheme Ghar Apna in w hich he again looted around $40m. Bef ore becoming PM he was a major share holder along with his brother and cousins o f Ittefaq Group. Havin g 8 prime properties in the UK. of which once is the famous Rockwood Estate 365 acres in Surrey. However he got richer when he took commissions from foreign companies for construction in Pakis tan. He then also stole $100m from the Iqra funds. Thatta and Bachani Sugar Mills.Bhutto) also have huge business ventures in the Middle East running into hundreds of millions if not billion mark. which include letters from Dassault executives. Taking Advantage of Pakistan growing economy they also acquired a 25.35m has now been sold and money sent back to the Govt. including owning H oliday Inn hotel Houston. The have many interests in Pakistan too.which include: Sakrand Sugar Mills.Nawaz Sharif & Shahbaz Sharif family Saudi Arabia/Pakistan Ranking: 4 Worth: £700m ($1. The most famous was a $4 billion deal to buy 32 Mirage jets from the French c ompany Dassault. worth £4. Today the have in total around 50 Cash and Carry s.1billion) Industry: Businessman .Saddaruddin Hashwani Pakistan Ranking: 5 Worth: £550m ($1. 5 . Hyderabad. retail outlets.

Saddaruddin Hashwani is Chairman Hashoo Group is known for his dominance in Paki stan s hotel industry.E/Pakistan Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman Nasir Schon is a prominent business leader of Pakistan and the CEO of Schon Grou p. this group has excelled in export of rice. Starting off in Singapore in 1982. Currently working on an $830 million real estate proje ct known as Dubai lagoon.E Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman Mr Yakoub is a prominent Pakistani expatriate businessman based in Dubai. Schon Circle. batteries. Asif Zardari. Schon Group is the only group in Pakistan who has paid the government over 3 billion rupees ($65m) in order to return from exile. Living in Dubai gave Nasir Schon an opportunity t o start businesses there. Islamabad and Dubai amount ing to over $200m.5Billion turnover) and World Memon Organization (WMO ). In 1984. 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 personall y to Hashwani is unending. Currently. w heat. but these content mega-tycoons never bo ast off. something which has made it uphill for most to predict about their fina . It owns textile units. an ex-pilot of PIA. Famous for the trend-setting roundabout.Rafiq Habib & Rasheed Habib Pakistan Ranking: 7 Worth: £450m ($900) Industry: Businessman Legend has it that the Goddess of Wealth has been in love with the seasoned Habi bs more than anybody else in Pakistan. Nasir Schon is the son of Captain Ather Schon Hussain. insurance.A. He is one of Pakistan s biggest media barons controlling around 7 channels.Nasir Schon & family U. Many assets of th e Schon group were auctioned by the Nawaz Sharif government. Schon Textiles and Pak-China Fertizile rs. Directors of Schon group flew to Dubai in 1997 in exile after the dismissal of ex-Prime Mi nister Benazir Bhutto. residential properti es. Hashwanis are involved in trading of cotton. hotels. Schon Bank. 8 . they were widely being dubbed as t he Cotton Kings of Pakistan. He is major in the gold market also having around 20 outlets in Asia. the Schon group operates a pilot training center in Pak istan known as Schon Air. He is the president ARY group ($1. engineering and information technology. though Hashwanis are have huge strength in real estate busi ness too. grain and steel and till the nationalization of cotton export in 1974. the peek of Schon group was in 1995 whe n they owned National Fibres. cotton and barley. Which he denies and claim s is government forgerie s. Akbar runs the second Hashwani Group. Bes ides this he has a huge property holdings in Karachi.A. The directors of Schon group were known to have close con tacts with the husband of former Prime Minister. Th e Schon family is one of the few striving Muhajir Urdu business families in Paki stan. Today. Sadardu ddin s brother Akbar and the children of another late brother Hassan Ali Hashwani together manage around 45 companies. 7 . Schon group is also fighting to get back the assets th ey once lost. Most pundits believe that Habibs own at l east 100 companies throughout the world. Nasir Schon is also k nown to be one of the first people to have a Rolls-Royce in Pakistan. 6 . tobacco. Hashwani defe ated 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. minerals. construction. He has also been involved in paying Asif Zardari $5m in 1990's for allo wing him to import/export gold.Abdul Razzaq Yakoub & family U. besides having invested billions in mines.

synthetics sugar. The group owns t hree textile units. What makes them extremely influential players of all times is the fact tha t for dozens of top businessmen today. Bashir Saigol and Gul Saigol then nourished an excellent crop.000 cars annually under technical license agreement with Hyundai and Kia Motors of Korea.Dewan Yousaf Farooqui Pakistan Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman Mr Farooqui. NAB did haunt Nasim but Tariq spe nt more time either accepting or refusing prized slots everywhere. construction. a motorcycle manufacturing concern and the largest sugar uni t in the country. cousins Tariq and Nasim are holding the family s fort together and have risen to u nprecedented heights in individual capacities. 750 million by the Reserve Ban k of India. Habibs today are headed by Rafiq Habib and Rashid Habib in two distinct gr oups. They lived in Saudi Arabia during the Bhutto regime. Sultan Lakhan i and his three brothers run this prestigious group and the chain of McDonald s re staurants in Pakistan. Transport. Tariq is the one of the finest business brains around. They had offices in Europe in 1912. music. farm au tos.ncial standing. steel. Dewans also have business interests in India. NAB has alleged the Lakhanis of having created phoney com panies through worthless directors and raised massive loans from various banks a . Habib were a myth once. paper sack. packages. They bought the United Bank in 1959 and then witnessed five of their units ge tting nationalized.Tariq Saigol & Nasim Saigol Pakistan Ranking: 8 Worth: £425m ($850) Industry: Businessman Hailing from Jhelum.G Zurich. concrete. They also have th e franchise licence for BMW in Pakistan and now Rolls Royce showrooms. 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 Pakista n. Dewan Farooqui Moto rs assembles around 10. glass. minerals. And then times saw them shining literally like the Kohinoor until their progr ess was halted by Nationalization in which they lost two-thirds of their wealth. The Dewan Salman Fiber is the pride of this emp ire as it ranks 11th in the world in total production capacity. 9 . The name of the Saigols has been used in this part of the world as si miles describing quantum of wealth. Labour. Indus Motors assemb ling Corolla cars and many dozens of units in sectors such as jute. Saigols got trifurcated in 1976 and 15 descendents of Amin Saigols four sons go t a share. The mentor of this group has been the Sindh Minister for Local Bodi es. Today. oil. In 1948 . Bank Al-Habib. along with his brothers Sayee d Saigol. leasing and capital manage ment. This industrial group was founded by Seth Habib Mitha.Sultan Ali Lakhani & family Pakistan Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman The Lakhanis are currently having a hard time at the hands of NAB. paper. Industries. Mines & Minerals. They own the Habib Bank A. They incorporated the Habib Bank in 1941. 11 . 10 . Dewan Mushtaq Group is one of the Pakistan s largest industrial conglomerates in sectors like polyester acryl ic fiber. The financial strength of the Habib s can be gauged from the fact that Muhammad Ali Habib gave a cheque of Rs 80 mil lion to Quaid-e-Azam in 1948 at a time when Pakistan government was penniless ow ing to delay in transfer of Pakistan s share of Rs. The pioneer of the Saigol dynasty in 1890 was Amin Saigol w ho established a shoe shop that eventually transformed into Kohinoor Rubber Work s. manufacturing and automotives. Yousaf Saigol. born in 1 878 to Esmail Ali-a factory owner in Bombay. Six of their companies are listed at th e Karachi & stock Exchange and one at the Luxembourg bourse. tiles. computers. banking. They possess doz ens of millions of shares of Saudi Cement and Pak land Cement.

He is a leading investor in st ocks. packaging. Irrespective of who is in powe r. Whether he has gifted bungalows free of cost of country s bigwigs or offered them at highly concessional rates. On this land worth many billion of rupees.Sheikh Abid Hussain alias Seth Abid Pakistan Ranking: 10 Worth: £390m ($780) Industry: Businessman Sheikh Abid Hussain alias Seth Abid. Whether it is any government in Sindh or at the Fe deral level. politician. Lakhanis. Pakistan has not had a single ruler.Qadeer and former Premier Bhutto. like their arch-rivals Hash wanis. many of which are joint ventures with leading international conglomerates. throug hout his life. 14 . About three doz en of Seth s very close relatives. Though Lakhanis are in turbulent water s currently. 12 . though the latter was released much earlier. was the brain behind the success of Pakistan s nuclear programme. 13 . He is one of the most resourceful developer s/builders in the country owning vast stretches of land in major cities. The Seth. along with Dr. this developer has reportedly developed tremendous connections where it matters in Pakistan-One of the few reasons why his constructed projects get c ompleted in time without hindrance. the Seth Abid group assumes the role of king-makers during the annual polls of these stock exchanges. bureaucrat or Army General who doesn t know the Seth who is more of a myth for most. Seth came into this business after decades of not oriety as being one of the spearheads in cross-border smuggling. the group is now planning to establish its new retail chai . Their stakes range from m edia. Founded in 1975. They have rifts with large business empires despite being kn own fur their genteel nature. Karachi and Rawalpindi/Islamabad. While many reme mber Seth for his allegedly illegal trading stints. detergents and other house-hold items. the reality on the ground is that Malik has managed to mesmerize most through his generous wal let. Sultan is currently abroad after having served a jail term with younger sibling Amin. but later agreed they pay only Rs 1. a lot of informed circles st ill say with conviction that he. Lakhanis have had trusted friends everywhere. tobacco. metals and currency but what gives him immense pleasure is his philanthrop ic institution Hamza Foundation that he sponsors for the welfare of deaf and dum b children.Malik Riaz Hussain Pakistan Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman Malik Riaz Hussain heads the massive project which is currently developing state -of-the-art schemes in Lahore. He is also the f irst man to drive a Bentley car on Pakistani soil. friends and nephews are members of country s bour ses and for many years now. Chen One has seven outle ts throughout Pakistan. has avoided publicity-a fact known to most journalists. paper. NA B had reportedly demanded Rs 7 billion from Lakhanis.a legislator in the National Assembly of Pakistan. he continues to build house after house-swelling his wealth. ins urance. Chenab Limited set up its first fashion outlet Chen One.5 billion over a 10-year period. though the present er a has proved a painful exception. After establishing its retail chain stores in various ci ties of Saudi Arabia.Mian Mohammed Latif Pakistan Ranking:11 Worth: £350m ($700) Industry: Businessman Chenab Group Mian Muhammad Latif supervises this group along with his brother Mi an Ashfaque. chemicals and surgical equipment to cotton. are the most well-known of all Ismaeli tycoons. the success that greeted them during the last 25 years especially h as been tremendous. Emerging out of the blue. He is the man behind the Bahria Town.nd financial institutions. His land-holdings both within and outside Pakistan amounts to nearly a bill ion dollar. Seth has constructed residential schemes und er the brand name of Green Fort.

The units owned by this establishment include Sitara Chemicals. The Sitara (group. He has all the right connections that are requ ired to be in such business.E. The men at helm of affairs in Sitara hardly believe in setting up dozens of units. Qatar.984 spindles. Sitara s name with the industrial City of Faisala bad is synonymous. The Sheikhani. alleging him for selling his Gwadar land at only $ 4000 per acre only t o senior Army officials while the same was being sold at $ 2. is more famous for its lawn brands like Sitara Sapna and Mughal-e-A zam. Despite being well known to the national political circles. including non-iron suit. to a common man. Chenab is licensed to the Swedish Texcote Technology in the manu facturing and sale of textile materials. Saudi Arabia and Iraq and employ s ov . who have excel led in leaps and bounds. Their textile di visions together operate at strength of 33. It is now its textile cloth fi nishing and processing. The Sheikhanis are famous for their construction and land develop ment-related errands. UA. his adversaries dub him a land ma fia man.Razzaq Dawood Pakistan/UAE Ranking: 14 (tied at 14) Worth: £250m ($500) Industry: Businessman Razzaq presently heads one of Pakistan s biggest construction and engineering cong lomerate know as Dawood group/Descen group. While Chenab Gro up is an eight-time Export Trophy winner. the owners of Sitara use technology imp orted from Japan. Canada. who according to many large develop ers is a man who has managed to create tremendous impression in land business. Sitara Energy and Yasir Spinning. quilt cover and curtains etc. New Zealand and Europe. 16 . its Chief Mian Latif has won the Busine ssman of the Year award on four different occasions from various business bodies . Chenab is principally engaged in manufacture and distribution of clothing. h elps the price of real estate surge unprecedented overnight 17 . although not a very big industrial establishment by any means. are led by Abu Ba kar Sheikhani. Abu Bakar is deemed to be one of the largest investors in real estate trade at Gwadar Port. Sitara Ch emicals (Textile Division 1) and Sitara Chemicals (Textile Division 11).000 per acre to ordinary investors. textile spinning.50.Haji Abdul Ghafoor & Haji Bashir Ahmed Pakistan Ranking: 12 Worth: £330m ($660) Industry: Businessman Sitara Group Started its activity with textile weaving as early as 1956. The charities being managed under th e aegis of Sitara group are Aziz Fatima Hospital. Ghafoor Bashir Children Hospit al and Aziz Fatima Girls School. Today. UK and Germany and are export leaders in bedding and fabric co llection to South America. 15 . the man in street knew more of him during March/April 1991 when he surf aced as the single largest contributor to then Premier Nawaz Sharif s Debt Retirem ent Fund with a donation of $ 8million. Sitara Textiles. They are the decades-old veterans in business. Kuwait and Central Asian Republics. With a roaster of impressive clients . Accusations don t disturb Sheikhani. His group has won many contracts in Dubai. chlor-alkali sector and in power gener ation. At their units. under b rothers Haji Abdul Ghafoor and Haji Bashir Ahmed. The group s textile products have been awarded the Oekotex 100 accreditation. But that is the way Sheikhani runs his vast land/constructio n empire. USA. fur niture goods.ns in Bahrain. Chenab proc esses 50 million square metres fabric weaving and 75 million square metres fabri c dyeing every year and has established a global sales network spanning across f ive continents. T he rumours of his landing in any Pakistani City for land acquisition purposes. garments and textile house-hold goods.Sheikhani Family Pakistan Ranking: 13 Worth: £300m ($600) Industry: Businessman They are one of the most reputed land developers in the country. of which they are otherwise very much capable of.

he owns and operates the Avari Group of companies. and did Executive Development Course from Whittemore School of Business.Shimmy Querishi USA Ranking: 15 (tied at 15) Worth: £240m ($480) Industry: Businessman A jet-setting international businessman who fly s by jet and swings a polo mallet with some of the world s top players. of which he is the chairman. 19 . Qureshi seems a model of successful enterpri se. In Pakistan. A year before the Lindemanns filed their suit. according to court records. P akistan. when Lindemann took him to court claiming he has cheated them in to a deal to buy their home on Hurlingham Drive in Wellington for $3. with approximately US $400 million under management. he returned to Pakistan in the early 90's and started from scratch and today makes it in the top easily. The group is also a ctively pursuing opportunities for owning and/or managing 3 and 4-star propertie s elsewhere in Pakistan. Qureshi named an associa te. Although people may remember him f or his stunt in the early 90's with George Lindemann. The Avari Group is the first Pakistani company to have obtained international hotel management contracts: they operate the 200-room 4-s tar hotel in Dubai in United Arab Emirates and manage the 200-room Ramada Inn in Toronto at Pearson Airport in Canada. The associate Investment Company of Cupola is AL ABRAJ. Qureshi bartered with another wea lthy family the al-Thanis.000 people directly. The group also has investment of $300m in Banglades h in investments in fertiliser. Pizza Expre ss etc. had shunted more than $5 million from . Kazmi. Since then he has managed several ot her brands alongside KFC like Pizza Hut. the 5-star Avari Towers and the seafront Beach Luxury Hotel in Karachi.Rafiq Rangoonwala Pakistan Ranking: 15 (tied at 14) Worth: £240m ($480) Industry: Businessman Mr. Sindh. to run Gulf Union and a subsidiary. Australia and Singapore.) from University of Karachi. Indulge. 18 . who rule the Arab country of Qatar to buy Gulf Union Bank in the Cayman Islands. he started his career in Fast Food restaurants from KFC in Houston. Shimmys business interests are mainly property. TGI Fridays. Kazmi. Within three m onths.5 million. In May 1997. University of New Hampshire along with several management courses f rom U. While Cayman Islands officials were reviewing the deal. was bo rn in Karachi. the al-Thanis agreed to sell Gulf Union to International Business H oldings a Cayman Islands company owned by Qureshi for $4. Freshens and Casa. Chief Executive Officer Cupola Group of Companies. which with the boom and his holidings has took his wealth to a new level. Rafiq Rangoonwala. went to United States of America in 1979. In 1980. acting at Qureshi s direction. U. His name was more prominent among the top 22 richest f amilies in 1970 until the Bhutto nationalization which then made him set up abro ad.K. Ho tel management is the Avari Group s core business. Harry Ramsden s. the group owns and operates Avari Hotels which includes 5-star deluxe hotel in 1. energy and infrastructure and development sector s. 20 .S. First Cayman Bank. the billionaire founder of Cellular One. e joined Artal Restaurants International as CEO in October 1999 and is c urrently heading Cupola Group of Companies who has franchise rights in Pakistan for KFC. did BA (Hons.5 million. Together with his sons Dinshaw and Xerxes and their direct families.Byram Dinshawji Avari Pakistan Ranking: 14 (tied at 14) Worth: £250m ($500) Industry: Businessman Byram Dinshawji Avari is a prominent Pakistani Parsi tycoon in Karachi. Canada.

today his fami ly own Cherat Cement Company Ltd.. Because of his contribution to Pakistan s Industrial development he i s sometimes described as The Goliath who Industrialized Pakistan. Shimmy Qureshi also fully manages all the properties in the USA owned by Asif Zardari. Now shera is the home of the famous Pashtun Tribe the Khattaks of the NWFP Province in Pakistan. Cherat Electric Ltd.Faruque Khan Pakistan Ranking:15 (tied at 15) Worth: £240m ($480) Industry: Businessman The late Khan Bahadur Ghulam Faruque Khan (18991992) was a politician and indust rialist of Pakistan. A JV Company Zensoft (pvt) Ltd and prime properties around Pakistan .. Faruque (pvt) Ltd Greaves Air-Conditioning(pvt) Ltd Gre aves Engineering Services(pvt) Ltd Unicol Ltd. He belonged to the village Shaidu in Nowshera District. 21 . Cherat Papersack Ltd.First Cayman into his own account and into accounts held by Qureshi and the alThanis. Mir purkhas Sugar Mills Ltd.A JV Company Madian Hydro Power Ltd.

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