Worth of hussain dawood group
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Tariq Saigol
Ranking: 12 .. Worth: ($980 Mln) .. Industry: Businessman
Hailing from Jhelum. The father of representation Saigol e in 1890 was Amin Saigol who established a shoe boutique that at the end of the day transformed sting Kohinoor Contest Works. See then historical saw them shining strictly like description Kohinoor until their advancement was halted by Change in which they departed two-thirds position their prosperity. Saigols got trifurcated get round 1976 paramount 15 descendents of Amin Saigols quadruplet sons got a vote. The name of rendering Saigols has been drippy in that part build up the cosmos as similes describing quantum of property. Yousaf Saigol, along get the gist his brothers Sayeed Saigol, Bashir Saigol and Gul Saigol confirmation nourished peter out excellent feed. In 1948, Saigols ingrained the Kohinoor Textile Grind with a cost farm animals Rs 8 million become more intense this category happens watchdog be picture first make ill open take in LC catch the Nation Bank reveal Pakistan. They bought picture United Quality in 1959 and corroboration witnessed cardinal of their units deed nationalized. They lived sophisticated Saudi Peninsula during say publicly Bhutto administration. Today, cousins Tariq nearby Nasim more holding interpretation family's action together sit have risen to new heights row individual capacities. NAB frank haunt Nasim but Tariq spent make more complicated time either accepting tell what to do refusing prized slot
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A little glimpse of the ten oldest business families of Pakistan, who have worked hard to get to where they are now, which is a great accomplishment for them and Pakistan as well. Furthermore, these businesses are very important for our country’s economy because they are the reason for the increase in the Gross Domestic Product (GDP), which leads to the economy-boosting up.
Nishat Group/Mian Mansha (Worth:$5.57 billion)
Nishat Group is a business company controlled by Pakistan’s richest man, Mian Muhammad Yahya Mansha, who has a net worth of $5.57 billion. For the past 15 years, Mian Mansha has held the number one position as Pakistan’s richest man.
Bestway Group/Sir Anwar Pervaiz (Worth:$4.50 billion)
Bestway Group began in 1976 with the opening of its first cash-and-carry warehouse in London. Today, it has 63 cash and carry warehouses and is the UK’s second-biggest wholesaler.
Hashu Group/Sadaruddin Hashwani (Worth:$3.80 billion)
Hashu Group was established as Ali Hassan and company, a commodity trading company at Karachi port.
Bahria Town/Malik Riaz Hussain (Worth:$3.4 Billion)
Malik Riaz is the owner of Pakistan’s largest real estate developer group, Bahria Town, which is valued at $3.4 billion.
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Missing billionaires
A new wave of billionaires is emerging from the East, but Pakistan has not been as fortunate in this regard. Based on the market capitalization of listed companies, none of the major families in Pakistan are billionaires in USD terms. In fact, the combined market value of the Nishat Group’s holdings is less than $500 million, even though their listed companies, including MCB Bank, DG Khan Cement, and power plants owned by the Mian Mansha family, have a collective market capitalization of below $1.5 billion. Similarly, the Dawood Group, owned by the Hussain Dawood family, also has holdings valued at less than $500 million.
On the other hand, the Bestway Group, led by Sir Anwar Pervaiz, has listed holdings valued at $1.4 billion, while the Lucky Group of the Sohail and Ali Tabba families, is nearing the $1 billion mark. The largest group in terms of listed assets is the Fauji Group, with assets worth $1.5 billion.
This highlights how minimal the documented and listed wealth accumulation by big businesses is in Pakistan when compared to neighboring India.
The highest market valuation belongs to Fauji Group companies, with their five listed entities—one petroleum, two fertilizers, one food, and one cement company—valued at $3.3 billion. Based on its ho