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Monday, June 21, 2010

List of richest person of pakistan top 5

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". 

2 - Asif Ali Zardari Pakistan
Ranking: 2 Worth: £900m ($1.8billion) Industry: Politics
Asif Zardari dubbed "Mr 10%" (& now MR 50%) an unknown happy-go-lucky son of a small-time businessman who struck gold by marrying one of the worlds most glamorous women Former Prime Minister of Pakistan Benzair Bhutto. Taking advantage of his wife's authority he is known to have taken kickbacks from many deals inside and outside of Pakistan . The most famous was a $4 billion deal to buy 32 Mirage jets from the French company Dassault. Documents, which include letters from Dassault executives, indicate an agreement was reached to pay a 5% "remuneration" - about $200m - to Marleton Business, a BVI company controlled by Zardari. Besides these many more kickback deals were taken with companies such as ARY Gold, Société Général de Surveillance (SGS), Cotecna, and ZPC Ursus, a Polish tractor company.  Zardari assets holding amount into hundreds of millions of dollars easily, Having 8 prime properties in the UK, of which once is the famous Rockwood Estate 365 acres in Surrey, worth £4.35m has now been sold and money sent back to the Govt. of Pakistan. Also 14 multi-million dollar mansions in the USA, including owning Holiday Inn hotel Houston, Texas Owned by "Mr 10%" and Iqbal Memon and Sadar-ud-Din Hashwani.  They (Zardari and B.Bhutto) also have huge business ventures in the Middle East running into hundreds of millions if not billion mark. Mr Zardari also has huge stakes in sugar mills all over Pakistan ,which include: Sakrand Sugar Mills, Nawabshah, Ansari Sugar Mills, Hyderabad , Mirza Sugar Mills, Badin, Pangrio Sugar Mills, Thatta and Bachani Sugar Mills, Sanghar. 

3 - Sir Anwar Pervaiz UK
Ranking: 3 Worth: £750m ($1.5billion) Industry: Businessman
Chairman of Bestway Group. The Bestway Group started in 1976 with its first Bestway cash and carry warehouse opened in London . Today the 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 the cement business in 1995 and set up cement manufacturing plant in Pakistan at a cost of $120 million. 
Taking Advantage of Pakistan growing economy they also acquired a 25.5% stake in United Bank Limited in 2002. Today, the Bestway Group has 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 £ 2 billion. The group provides direct employment to thousands in the UK and Pakistan . The have many interests in Pakistan too. Sir Anwar Pervaiz and his his partners sheer hard work has bought them to outstanding international levels, which definitely makes him an ideal role model for many young Pakistanis today. He still on the move! 

4 - Nawaz Sharif & Shahbaz Sharif family Saudi Arabia/Pakistan 
Ranking: 4 Worth: £700m ($1.4billion) Industry: Politics/Businessma n
Mr Sharif Businessman turned politician the former Prime Minister of Pakistan. He was ousted in a military coup in 1999 and was forced to forfeit $9million dollars and some of his assets including his $5m Mansion is Raiwind near Lahore . Before becoming PM he was a major share holder along with his brother and cousins of Ittefaq Group, having assets well in excess of £50m in the 90's. However he got richer when he took commissions from foreign companies for construction in Pakistan . He build the first motorway and many new roads and took heavy kickbacks. He then also stole $100m from the Iqra funds, he started a new scheme "Ghar Apna" in which he again looted around $40m, the "Mulk swaaro" scheme involving public & govt. money collections to help pay pf Pakistan's debts also was pocketed. Today he lives in exile in Saudi Arabia where it is known he has a new huge business empire in various sectors. 

5 - Saddaruddin Hashwani Pakistan 
Ranking: 5 Worth: £550m ($1.1billion) Industry: Businessman
Saddaruddin Hashwani is Chairman Hashoo Group is known for his dominance in Pakistan 's hotel industry, though Hashwanis are 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. 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 ma nage 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. 

Pakistan says will abide by U.S. sanctions on Iran

Pakistan will abide by any U.S. sanctions on Iran, which Washington has warned could hit Pakistani companies involved in a $7.6 billion Iran-Pakistan gas pipeline deal, the prime minister said on Monday. Prime Minister Yusuf Raza Gilani's remarks came the day after U.S. Special Envoy for Afghanistan and Pakistan Richard Holbrooke warned Islamabad against becoming too committed to the project because of the expected sanctions' effects. "If the U.S. imposes sanctions, they will have international implications and Pakistan as a member of the international community will follow them," he told reporters at a press conference in the southern Sindh province. The U.S. Congress is finalising legislation tightening sanctions on Iran over its nuclear programme, which Washington believes is being used to develop weapons. Tehran denies that. Holbrooke urged Pakistan to wait and see the final legislation before moving ahead on the deal, signed in March. Pakistan is desperate for new energy sources, saddled with expensive power generation and a daily shortage of as much as 5,000 megawatts. Frequent power outages hamper industry and have sparked street protests against President Asif Ali Zardari's government. Washington has not criticised the gas pipeline project too loudly, forced to balance its need to back Pakistan, a crucial ally in the global war against al Qaeda, against its goal of isolating Iran.

Obama Administration Keeping Blackwater Armed and Dangerous in Afghanistan

Blackwater is up for sale and its shadowy owner, Erik Prince, is rumored to be planning to move to the United Arab Emirates as his top deputies face indictment for a range of alleged crimes, yet the company remains a central part of President Obama's Afghanistan war. Now, Blackwater's role is expanding. On Friday, the US State Department awarded Blackwater another "diplomatic security" contract to protect US officials in Afghanistan. CBS News reports that the $120 million deal is for "protective services" at the US consulates in Herat and Mazar-e-Sharif. Blackwater has another security contract in Afghanistan worth $200 million and trains Afghan forces. The company also works for the CIA and the US military and provides bodyguards for US Ambassador Karl Eikenberry as well as US lawmakers and other officials who visit the country. The company has four forward operating bases in Afghanistan and Prince has boasted that Blackwater's counter-narcotics forces have called in NATO airstrikes. The new security contract was awarded to one of Blackwater's alter egos, the United States Training Center, despite theindictments of five senior company officials on bribery, weapons and conspiracy charges. Its operatives in both Afghanistan andIraq have been indicted for killing innocent civilians. The Senate Armed Services Committee has called on the Justice Department to investigate Blackwater's use of a shell company, Paravant, to win training contracts in Afghanistan. Despite these and numerous other scandals, the State Department once again awarded the company a lucrative contract.