Top Business Families in Pakistan

 Today we found many enterpr ses groups

i in our
country including some important as:
 Saigal group
 Dewan group
 Habib group etc.

The domestic production of manufacturing
good was established and flourished in Ayub
Khan’s era of mid 50’s.

 He gave extensive incentives to the local

business man.
 This led to the development of a class of
industrialists, later known notoriously as the
twenty-two families
The Ayub Khan era was the 22 families’ heyday. They flourished

mightily in that era, setting up one industry after another and
expanding into sector after sector, until it seemed that they virtually
controlled the economy. Banking, insurance, textiles, consumer
goods - everything was grist for their mill.” ( Omer )

 “Later on the nationalization by Bhutto become a tragic story

for these wealthy families
 After coming in power from one of those rich
family into politics (Sharif Family) they started
returning back these assets to them.
 Rejuvenation of business scenario in private

sector
 Business friendly era during1990’s


As a result new business families emerged and the existing
families resuscitated themselves
 Military regime of Pervaiz Mushraf continued the
process of liberalization by privatizing the state-
owned enterprises

 Current Govt. is also following the same policies

of Privatization.
1947- 58 Er a of emer ging exchange r at e and t rade poli cies and
import subst i tut ion indust r ializat ion.

1953- 64 Virtually all imports into Pakistan were regulated by

some form of quantitative controls

1950- 55 Large scale sector experienced phenomenal growth

rates of over 20%

1 9 5 0 ’s Introduction and active functioning of “Import

Licensing System”

1958- 68 The “decade of development”, industry experienced a

relatively higher growth rate
 1958- 70 65% of t ot al l oans disbursed by PI CI C, went t o 37
monopol y houses, wi th t he lar gest 13 of t hese
account ing f or about 70% of t he loans
1972- 77 Bhutto’s regime characterized by Nationalization.
Caused some dent in elite power.

Still however banks continued to lend on the basis of

political and governmental influence.

1977- 88 Zia years of encouragement of private sector,

preference still given to large scale sector

1988Privatization and liberalization of state owned enterprises - niotprviasetcot.r

present
 Short-listing Pakistan's most influential business
magnates or Groups has never been an easy task
 Among these gifted individuals, you will find

politicians-turned-businessmen, businessmen-
turned-politicians or even the businessmen-cum-
politicians.

Thus we take the pride of announcing these names
with focusing on Business men’s only
 Worth: £1.25b ($2.5billion)
 Mansha has around 40 companies on board
 Nishat Textile
 Nishat Power
 MCB B ank
 D. G Khan Cement
 Adamjee Inssurance
 Nishat Group was country's 15th richest family in
1970, 6th in 1990 and Number 1 in 1997
 He give the bid for UBL
 He also offer a bid PSO along with Patronas

 There is no stopping M ansha and he is stil on the

move.

The Govt. of Pakistan has Awarded Sitara-e- Imtiaz
(The Honor of Distinction) to Mansha
 Worth: £750m ($1.5billion)
 The Bestway Group started in 1976 with its first
Bestway cash and carry warehouse opened in
London
 Bestw ay Group ventured into Pakistan's huge the
cement business in 1995 and set up cement
manufacturing plant in Pakistan at a cost of $120
million.
 They also acquired a 25.5% stake in United Bank
Limited in 2002
 He is still on the move!
 Habib is a prominent Muslim Khoja business family in
Pakistan
 A profile of Rafiq Habib in an Economic Review stated
that the Habib group has owned over 90 companies
 Habib group's most famous and successful subsidiary is
its Banking and Finance division.
 Indus M otors assem b ling C orolla cars and m any 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 m akes th e m extremely influential players of
all times is the fact that for dozens of top
businessmen today, Habib were a myth once.
 Having many companies outside Pakistan
 Saddaruddin Hashwani is Chairman Hashoo Group
with a net worth of Worth: £550m ($1.1billion)

Hashwanis are involved in trading of cotton, grain and steel

 Today, this group has excelled in export of rice,

w heat, cotton and barley. It ow ns textile units, besides
having invested billions in m ines, m inerals. hotels,
insurance, batteries, tobacco, residential properties,
construction etc
 Worth: £425m ($850) Industry
 pioneer of the Saigol dynasty in 1890 was Amin Saigol

w ho established a shoe shop that eventually transform ed

into Kohinoor Rubber Works
 In 1948, Saigols established the Kohinoor Textile Mills

with a cost of Rs 8 million

 They bought the U nited B ank in 1959 and then w itnessed

five of their units getting nationalized

 They lived in Saudi Arabia during the Bhutto regime


Their portfolio includes Kohinoor Textile Mills, (PEL), Kohinoor
Power, Kohinoor Energy, Kohinoor Motors etc
 Dewan Mushtaq Group is one of the Pakistan's largest industrial
conglom erates in sectors ilke polyester acrylic fiber, m anufacturing
and automotives
 Dewan Farooqui Motors assembles around 10,000 cars annually
under technical license agreement with Hyundai and Kia Motors of
Korea
 The D ew an S alm an Fiber is the pride ofthis em pire as it ranks 11th
in the world in total production capacity
 They also have the franchise license for BMW in Pakistan and now
Rolls Royce showrooms.

The group owns three textile units, a motorcycle manufacturing concern and the
largest sugar unit in the country
 Mr Yakoub is a prominent Pakistani expatriate
businessman based in Dubai.
 He is the president ARY group ($1.5Billion turnover) and
World Memon Organization (WMO)
 Pakistan's biggest media barons controlling around 7
channels
 B e sides this he has a huge property holdings in K arachi,
Islamabad and Dubai amounting to over $200m
 He is major in the gold market also having around 20
outlets inAsia.
 Not having the biggest Business like Men
 They were having less opportunities
 Mainly engaged in Clothing, D esigning, Boutiques,
Beauty Salons, Jewelry etc
 Here w e will discuss some one else w ho really did
something daring
 Varan Tours, Sadar , Rawalpindi
 She established a transport company initially

with only one bus

 Then No increased to 75

S he dispel the notion that w o m a n entrepreneurs restrict
them s e lves to certain traditional businesses
 Big problem was inconsistency in the transport

policies of successive governments


A long with the profit motive, she w a nted to start a
quality transport service for the w o rking w o m en
 Pappasalis, Islamabad
 She did a Diploma in Hotel and Restaurant

Management from the Conrad Hilton

College, University of Houston
 After doing many jobs, she realized that there is

no future in seeking a good job.

 She started her own first original Italian restaurant

in Islamabad
 It w a s as a big risk, as Islam a bad w a s not an easy

city for a food business

 She won a legal case against her Business
 Robina and her family underwent severe financial distress 10
years ago
 She then started a business of assembling toys, plastic clips
and artificial jewelry with the help of her father and brother.
 The crucial step was to get her first order, which proved to be
areallydifficulttask.
 She hired two women and trained them to market her
products
 The business has graduated from its infancy stage
 I have built a network now on the basis of the
 trust that we have developed over the last ten years
Discussion