1. Top Business Families in Pakistan
by: Rizwan

2.  Economic development as a conscious
mechanism in Pakistan is a recent post colonial
phenomenon.
 Growth happens when policy and management at
every level in the economy turns entrepreneurial.
Easterly (2003 and 2005)

3.  Entrepreneurship need not always be wealth-
creating and growth. Tulllock (1989),
 Krueger (1974) have shown that entrepreneurship
can be directed towards the accumulation of
wealth through unproductive enterprise.

4.  Today we found many enterprises groups 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.

5.  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

6.  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

7.  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.

8. 1947-58 Era of emerging exchange rate and trade policies and
import substitution industrialization.
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%
1950’s Introduction and active functioning of “Import
Licensing System”
1958-68 The “decade of development”, industry experienced a
relatively higher growth rate

9. 1958-70 65% of total loans disbursed by PICIC, went to 37
monopoly houses, with the largest 13 of these
accounting for about 70% of the 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
1988- Privatization and liberalization of state owned enterprises
Into the private sector. (rich families)
present

10.  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

11.  Worth: £1.25b ($2.5billion)
 Mansha has around 40 companies on board
 Nishat Textile
 Nishat Power
 MCB Bank
 D. G Khan Cement
 Adamjee Inssurance
 Nishat Group was country's 15th richest family in
1970, 6th in 1990 and Number 1 in 1997

12.  He give the bid for UBL
 He also offer a bid PSO along with Patronas
 There is no stopping Mansha and he is still on the
move.
 The Govt. of Pakistan has Awarded Sitara-e-
Imtiaz (The Honor of Distinction) to Mansha

13.  Worth: £750m ($1.5billion)
 The Bestway Group started in 1976 with its first
Bestway cash and carry warehouse opened in
London
 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.
 They also acquired a 25.5% stake in United Bank
Limited in 2002
 He is still on the move!

14.  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 Motors assembling Corolla cars and many 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

15.  Habibs today are headed by Rafiq Habib and
Rashid Habib in two distinct groups
 What makes them 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

16.  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,
wheat, cotton and barley. It owns textile units, besides
having invested billions in mines, minerals. hotels,
insurance, batteries, tobacco, residential properties,
construction etc

17.  Worth: £425m ($850) Industry
 pioneer of the Saigol dynasty in 1890 was Amin Saigol
who established a shoe shop that eventually transformed
into Kohinoor Rubber Works
 In 1948, Saigols established the Kohinoor Textile Mills
with a cost of Rs 8 million
 They bought the United Bank in 1959 and then witnessed
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

18.  Dewan Mushtaq Group is one of the Pakistan's largest industrial
conglomerates in sectors like polyester acrylic fiber, manufacturing
and automotives
 Dewan Farooqui Motors assembles around 10,000 cars annually
under technical license agreement with Hyundai and Kia Motors of
Korea
 The Dewan Salman Fiber is the pride of this empire 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

19.  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
 Besides this he has a huge property holdings in Karachi,
Islamabad and Dubai amounting to over $200m
 He is major in the gold market also having around 20
outlets in Asia.

20.  Not having the biggest Business like Men
 They were having less opportunities
 Mainly engaged in Clothing, Designing, Boutiques,
Beauty Salons, Jewelry etc
 Here we will discuss some one else who really did
something daring

21.  Varan Tours, Sadar , Rawalpindi
 She established a transport company initially with
only one bus
 Then No increased to 75
 She dispel the notion that woman entrepreneurs
restrict themselves to certain traditional businesses
 Big problem was inconsistency in the transport
policies of successive governments
 Along with the profit motive, she wanted to start a
quality transport service for the working women

22.  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 was as a big risk, as Islamabad was not an easy
city for a food business
 She won a legal case against her Business

23.  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
a really difficult task.
 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

24. Discussion