| Short-listing
Pakistan’s most influential
business magnates or Groups
has never been an easy task
because there are the people
who have been very powerful
in nearly every regime that
has held this country’s
reins since the last 60 years
and then we have had those
seasonal species that maneuvered
their voice to be heard better
than most within the power
corridors, but later vanished
into the oblivion for one
reason or the other. 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.
The list excludes many names
that have previously qualified
and all of Pakistan’s
most prominent feudal land
lords who would definitely
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make it to the
top 10, expect the few land owners
which have declared their assets
and work force and registered with
the CBR Islamabad. In order to promote
the new and “unknown”
Pakistani magnates 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 yesteryear 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 business
wizard got very badly hit by Bhutto’s
nationalization of 1970 which had
inflicted 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
the likes of Birlas and Tatas in
India today, if not the one saluting
Bill Gates or Warren Buffet. Among
these gifted individuals, you will
find politicians-turned-businessmen,
businessmen-turned-politicians or
even the businessmen-cum-politicians.
With malice towards none and with
no intention to decorate somebody,
We thus takes the pride of announcing
these names. We hope this document
will go a long way in serving as
the most authentic endeavor of its
kind for a very long time to come.
It has been prepared very carefully
in consultation with leading real
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 Number 1 in 1997. Mansha
is on the board of nearly 50 companies.
He is deemed to have made investments
in many bourses, currency and metal
exchanges both within and outside
Pakistan. 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.
Nishat group assets
are $4.4Billion. He is sometimes
even regarded as the richest Pakistani
around by his friends claiming he
does not “show it off”.
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