The Largest Dairy Farm of the world
The most comprehensive dairy project of the world build in Vietnam. The farm will contain 35000 cows and will supply millions of liters of milk every year.
Monday, September 9, 2013
Dairy Farming
How To Start Dairy Farm
You will know why dairy farming is a good business, and what to look out for when you are starting out, because I am going to share some of my experiences (I have been involved directly in dairy farming for the last almost-two years).
Dairy Farming is a very hot topic in Pakistan. A lot of seasoned and would-be entrepreneurs have already jumped onto the Dairy Farming bandwagon in Pakistan, and even more so like to talk about getting into dairy farming. But have you asked yourself this question,
“why start a dairy farm?”
Why Start A Dairy Farm
Yours truly have been working on the dairy farming project since June 2009. My interest was pretty much ‘academic’ at first; just knowing how the business and the animals operate. It was after almost a year of travelling in and around Punjab meeting countless number of people in the field, discussing and debating with some very qualified consultants and breeders, that I decided to dip my toes in this project.
I was interested in quite a few facets of Dairy Farming:
- The Business Model: Dairy farming has a very unique business model, and no other business has the capability of multiplying its assets while still producing revenue. Remarkable.
- The Current Situation: One of many lessons that Richard Branson has taught me is that you should get into a business where you think you can do better. Dairy farming, I knew, had a very, very large room for improvement.
- A Very Solid Demand: A lot of businesses and entrepreneurs would consider a ‘demand’ for something a good enough reason to get into any project. But for me, dairy farming is not only the demand of the market, but also a need. People need healthy, quality milk (and meat). It fits in with the idea of for-profit philanthropy where I stand a chance of actually helping people out, and earning prayers as well as profits. Now that’s an inspiration!
- Super Integration: This was not vertical integration as much as it was super integration. I already have two independent projects, one agriculture farming and the other is milk supply within Lahore, Alhumdulillah. The dairy farm has the potential of sitting in very nicely between the two, and providing wholesome integration. Although integration of any two businesses, much less three, is a pain in the neck (amongst other body parts), dairy farming provides me with the perfect long-term inspiration for working on these three projects!
Warning: Know This Before You Start Dairy Farming
Most of the things people say, they just say them without much thought. They’d discourage you from doing anything different. This should not stop any half-decentstarta from doing and starting different projects, of course. Having said that, following are the main points – so far – that should be considered when starting your own dairy farm:
1. It is a long term project.
There are no two ways about it. The time when you actually start seeing profits, IF a lot of things go right, is at least three years, usually five years. If you start taking out profits from it before three years, be prepared to inject more money in to it afterwards. But the upside to this remarkable business model is best explained by the following example that I frequently give to my friends and would-be entrepreneurs:
- I start a shoe shop, selling shows. You start a dairy farm, selling milk.
- After three years, if both of us do well in our businesses, I’d be richer than you.
- After six years, I’d have five branches all over the city, and will still be richer than you. You’d have great cash flows but you will find it hard to beat my retail outlets.
- Ten years later, it won’t matter how good I am doing, you will be much richer than me, in terms of assets, and most importantly, in terms of cash in hand.
- After 10 years, no business seem to even come close to the almost logarithmic growth of a dairy farm.
So if you can train yourself to actually think slow and steady, rather than fast and wobbly, then dairy farming is definitely something to consider.
2. The Most Important Factor is Currently the Hardest
The hardest part of setting up a dairy farm is the procurement of good-quality, high-yielding, environment-hardened animals. This is also themost important activity for an owner of a dairy farm.
You can go for imported cows, but I did not and I recommend that you don’t either.
A lot of people will tell you that you shouldn’t because they are expensive. I want you to know that imported cows are not expensive. If you are paying 140,000 (PKR) for a cross-bred cow, then paying 180,000 for an imported cow does not make the cow ‘expensive expensive’, it just makes it ‘relatively expensive’. And your target is not to increase the number of heads, but to increase the number of liters of milk. So an imported cow averaging 25 to 30 liters per lactation is much better than a cross-bred cow averaging 14 to 18 liters per lactation. The ROI is just plain and simple and you should stop listening to people who tell you otherwise.
But that’s not the reason why you should not get imported cows. The number one problem with imported cows is that they are unable to withstand the blast of heat of the Pakistani summers. Setting up the right infrastructure is essential, but that is not the only thing that you’d have to look into. There is disease and the very little margin of error that the imported cows give to you and your management.
I would suggest you do what I am doing; find good-quality locally bred cows, make sure that your dairy farm shed and cooling infrastructure is very much in place and then run the farm for at least a year to gauge how well your infrastructure (shed, cooling etc) is handling your locally-bred cows.
But that brings me back to the main point: finding high-quality locally bred cows is the hardest thing you’d have to do. It is also the MOST IMPORTANT thing for any dairy farm. As I have repeated this repeatedly (!!), a dairy farm’s main function is to procure and breed good-quality cows. The milk (and meat) is a by product of that main function.
So be prepared to hunt down good animals wherever you can find them. I remember travelling a total of 2000 kms plus, by road, all over Punjab, in one week, just to see and meet cow breeders. I didn’t pay half as much attention to the shed that I was constructing, or even the silage pits that were being prepared at the time, because purchasing the right animals is that one 20% activity that gives more than 80% of the result (if you are not aware of the wonderful 80/20 principle and how it applies to everything I talk about here, do read up on it by clicking here)
3. Finding the right people
Finding the right person to manage your dairy farm is also something to pay VERY close attention to. Stealing milk is very easy. If you do not trust the person who is managing the farm, then that’s a losing proposition. You should pray that God helps you find that person. You can also start with a solid attitude of trust, of reward and of accountability. I can write quite a few things on how to deal with people, because that is ALL of this is about, but suffice it to say for now, that one of the hardest things to do in dairy farming – just like in any other business – is to find the right people to manage and carry your dairy farm forward.
Details of who’s who and how many people should do what activity, those things are not the scope of this article and may be covered/posted later, God willing.
Finding technical help like that of vets and professional consults for animal feeding etc is NOT a problem, especially here in Pakistan. That is again one of the benefits of dairy farming, that the infrastructure that only a government can provide, is ALREADY IN PLACE in Pakistan. Sure there are problems, but it is good enough for you to not complain and get some work done.
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This is just a run down of my thoughts on dairy farming and some – just some – of the pitfalls that you should look out for. By God’s Grace, my dairy farm has been operational for a about 4 months now and I am happy that I have started this business.
God guide and bless us all. Good luck to you in your conquests and queries.
NOTE:We now have a community DEDICATED to Dairy Farming! I have started a small forum site that we all can use and share our experiences AND ask for help! Please click here to check it out because you will find a lot of help, God willing.
Update June 2012:
Thanks to the overwhelming response and feedback on this post, I am happy to report that the dairy farming guide is available for download.
A lot of people who read these free resources and comment and meet me etc do not buy the eBook and I don’t want to put any sort of pressure on you.
But those who have bought the eBook have very good things to say about it, by God’s Grace. I thank you and wish you all the best.
To know more about the Dairy Farming Guide, please click here. Thanks. And God bless.
If you are interested in learning more about creative self employment, living a life of adventure, attaining financial freedom and wholesome living, please do subscribe to LifeETC.
Palm oil import business
Import business in Pakistan
Pakistan, a very large consumer of vegetable oils and fats, remains a very large market for palm oil, thus making it an important export destination for the golden crop.
In 2012, Pakistan imported over 1.4 million tonnes of palm products from Malaysia valued at over US $1.3 billion, said Malaysia’s Consul General in Karachi, Abu Bakar Mamat. “We place great importance on this market,” he said.
Abu Bakar said this at the seminar on Palm Oil Standardisation, which was jointly organised by the Malaysian Palm Oil Board (MPOB) and Pakistan Standards Quality Control Authority (PSQCA) in Karachi on Thursday.
He said efforts by the Malaysian government, industry and also by MPOB had been put in to ensure that Malaysian palm oil remained relevant as the major product in Pakistan edible oil industry.
“MPOB is actively involved in developing standards for palm oil products and seats in numerous technical committees in the development of international standards such as the ISO standards, the American Oils Chemist Society and Codex,” he said.
Abu Bakar said the Regional Manager, MPOB, Karachi also sat in the technical committee of the PSQCA and provided the technical knowledge and expertise in drafting and proposing related standards on palm oil products in Pakistan. He gave an assurance that the consulate general would extend its maximum effort to ensure the quality of Malaysian palm oil in Pakistan.
MPOB has a regional office in Karachi, which has been here for 27 years. “The fact that this office is covering 24 other countries from Karachi is a true manifestation of our commitment to ensure the smooth flowing of quality Malaysian palm oil into Pakistan market.
News Source
Courtesy Business Recorder
Courtesy Business Recorder
Partnership Business
Partnership Business in Pakistan
A Partnership in Pakistan is a business entered into by a formal agreement between two or more persons or corporations carrying on a business in common. The capital for a Partnership is provided bythe partners who are liable for the total debts of the firms and who share the profits and losses of the business concern according to the terms of the partnership agreement.
Partnership in Pakistan (other than banking companies) are generally limited in size to twenty partners. The interest of a partner is transferable only with the prior consent of the other partner(s). However, a partner’s right to a share of the partnership income may be received in trust for another person.
For taxation purposes in Pakistan, partnerships are classified into:
Registered firms and unregistered firms.
The income of the registered firm is subject to super tax before distribution to the partners. Also the individual income of the partners is subject to income tax at the usual rates.
For unregistered firms, income tax is levied on the firm’s income and the partners are not liable to pay tax on the shares of profit received from the unregistered firm(s).
We offers under mentioned services in the field of Partnership in Pakistan.
Consultation on a business name for partnership
Search availability of partnership business name
Drafting of partnership agreement
Registration of partnership
Drafting of deed of dissolution of partnership
Registration of deed of dissolution of partnership
You can also Contact Us for detailed consultation regarding business setup or company registration in Pakistan.
Tuesday, September 3, 2013
Pakistan- a land for business
Pakistan is a great land for doing business.
But one should aware of something before investing your money or putting your money in some business.Here are something one should know before setting up a business and one should try to act upon them.
1. Pakistan is a land of tremendous opportunity.
2. Hotels are expensive and if in Karachi you should only stay at the PC or the Marriott - don't try to save money and use cheaper hotel. Security is a big issue.
3. If you are an expat use your the embassy. I used the British high commission. Cost me £1060 for just organizing meetings with banks etc but well worth it as it opens so many doors that you would never be able to open yourself.
4. Also register a parent company abroad and use that to propel your idea.
5. Don't try to be a Pakistani.they will eat you up. If you speak English use it to your advantage. The Pakistani locals speak good English but it will give you an edge. They tend to shy away from confrontation.
6. Don't wear a shalwar kameez to a business meeting. Smart business suit and tie(always).
7. If you know your subject then stick to the facts. Most Pakistanis do not do maths and their business just run somehow. They will even impart critical company information just to impress you without even realising it.
8. Never be flexible on quality. Pakistanis are obsessed with Chinese product but always put them down for poor quality. But you simply have to tell them yes but if you pay peanuts you will get monkeys. China develops some of the best products in the world but if you don't pay for quality you won't get it.
9. Be careful even when getting an accountant, they will talk to you about fees but its the monthly fee. Not an annual one as in the west, they will then up the fee greater than even the city of London. Trust me I know I have used them. Be prepared tom negotiate everything. There is no such thing as a deal done or fixed price.
10. Talk to your competitors. Be prepared for negative feedback as to how rubbish the business is and I want to sell up and go but I have no choice etc. just pretend to be dumb and listen.
11. Focus on quality and do not compromise. Do not put down your competition. Even if asked. I have just been asked to put down some competitor but I politely refused and sidestepped. If you do this they will see you the same as the rest of Pakistani.
12. You will hear Pakistanis use God as a weapon during negotiation. Don't fall for it even the ones with the beards are crooks. View everyone as a crook and then sieve the good ones out. There are a few and Alhumdulillah I have met some.
13. They will ask for bribes. Be prepared to walk away. It's better for you. I was asked and I stopped the conversation stating 'never eaten haram and never will inshallah and please do not mention this topic to me again'. Just be polite and nip,it in the bud. They want to know if you are up for sale and at what price.
14. Anything yo want to do you can here, its a virgin country with negative attitudes. Even if you wan to flip burgers. Make the joint clean and I will work
15. Come to Pakistan but be prepared.
The above is a quick writeup. Please feel free to add.
New ideas if u dont already know them
The following ideas were brainstormed by fourteen high school students in a 90 minute period on July 20, 2003.
1. underwater restaurant
2. spa franchise
3. foldable hammock for car trunks
4. high quality light fixtures
5. health bar chain
6. comfy, damage-free ear phones
7. chair with popcorn holder, tray, built-in radio, massager
8. self-cleaning microwave
9. security software to protect against hackers and credit card scams
10. wholesale store without membership card
11. aerobic center for teenagers
12. chair store w/ imported European chocolate
13. restaurants for dogs and cats
14. oxygen tanks so dogs and cats can go diving
15. computer animation company
16. real estate company
17. cosmetics/hair care company
18. bowling alley in Cartagena, Columbia
19. Store that makes custom clothes
20. electronic translator that you put in your ear
21. fashion design company for new designers that need a start
22. iron rod production
23. selling traditional jewelry
24. brail screen that reads computer and translates the text on a computer into 3D brail that the blind could read
25. lumber company
26. Make a ski board rotating wardrobe at ski resorts
27. flavored straws
28. A grocery store that also had a fitness center
29. a diagonal load dishwasher
30. sushi restaurant
31. Candyland theme park chain
32. web design/advertising company
33. per month CD online company
34. educational software for the visually impaired
35. bringing broadband internet access into developing countries
36. Sonar for blind people
37. voice/data equipment for hospitals
38. drink machine that talks to you.
39. a teddy bear with sensors and small computer inside that would talk to infants/toddlers and encourage good behavior or tell them a bed-time story
40. an online store where you could customize clothing and then have it shipped to you
41. an educational software company that made console games for kids that were actually fun to play.
The following ideas were brainstormed by fourteen middle school students in a 90 minute period on July 27, 2003.
1. New brand of cola
2. Monorail company
3. triangular and circular houses
4. interchangeable shoes
5. internet caf�
6. pens that never from out of ink
7. new type of fuel
8. hovercars
9. new internet service provider
10. college/cheerleader calendars
11. college/male athlete calendars
12. voice-activated radio/TV
13. voice activated hourse
14. remote control finder
15. voice activated keys
16. hydrogen powered cars
17. easy wrinkle remover
18. never-ending bottle of soda
19. underwear with pockets
20. new clothing line
21. donut store
22. shoe pockets
23. wireless TV headseats
24. haircoloring shampoo
25. desks with build in computers
26. text books on computers
27. automatic dog food dispenser
28. remote control lawnmower
29. washer-dryer all in one combo30. color eye drops
31. mechanical spiders
32. MP3 player watch
33. watch that automatically knows what time zone it’s in
34. butt-wiping toilets
35. better toothpaste
36. virus protection
37. toothbrush with toothpaste in it
38. video phone
39. logo changing shirt
40. solar color changing shirt
41. solar powered sports cars
42. color changing nail polish
43. TV on cell phones
44. personal soda dispenser
45. voice-controlled air conditioning system
46. resort
47. color changing hair bow
48. voice activated elevators
49. phone/tv/radio in a shower
50. sponges with built in soap
51. self-moving furniture
52. multi-colored markets
53. reversible backpacks
54. student tracker system
55. remote to control of your appliances
56. sneakers with comfortable insides
57. auto food/water dispenser for animals for when family is away for a few days
58. vacuum with perfume in it
59. trash can with perfume in it
60. real-looking pony tail that hooks in your hair
61. 3 in 1 paint color can
62. refrigerator that has an alarm for bad food
63. cat food dispenser
64. boats that give a smooth ride
Monday, September 2, 2013
Top Ten Richest Families Of Pakistan
Top 10 Richest Families in PAKISTAN from accountancy.com.pk
Ranking: 1 Mian Muhammad Mansha
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%" 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/Businessman
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 manage 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.
6 - Nasir Schon & family U.A.E/Pakistan
Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman
Nasir Schon is a prominent business leader of Pakistan and the CEO of Schon Group. Nasir Schon is the son of Captain Ather Schon Hussain, an ex-pilot of PIA. The Schon family is one of the few striving Muhajir Urdu business families in Pakistan. Starting off in Singapore in 1982, the peek of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertizilers. Famous for the trend-setting roundabout, Schon Circle, Nasir Schon is also known to be one of the first people to have a Rolls-Royce in Pakistan. Directors of Schon group flew to Dubai in 1997 in exile after the dismissal of ex-Prime Minister Benazir Bhutto. The directors of Schon group were known to have close contacts with the husband of former Prime Minister, Asif Zardari. Many assets of the Schon group were auctioned by the Nawaz Sharif government. Schon Group is the only group in Pakistan who has paid the government over 3 billion rupees ($65m) in order to return from exile. Living in Dubai gave Nasir Schon an opportunity to start businesses there. Currently working on an $830 million real estate project known as Dubai lagoon, Schon group is also fighting to get back the assets they once lost. Currently, the Schon group operates a pilot training center in Pakistan known as Schon Air.
7 - Abdul Razzaq Yakoub & family U.A.E
Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman
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). He is one of 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. He has also been involved in paying Asif Zardari $5m in 1990's for allowing him to import/export gold. Which he denies and claim's is government forgeries.
8 - Rafiq Habib & Rasheed Habib Pakistan
Ranking: 7 Worth: £450m ($900) Industry: Businessman
Legend has it that the Goddess of Wealth has been in love with the seasoned Habibs more than anybody else in Pakistan. Most pundits believe that Habibs own at least 100 companies throughout the world, but these content mega-tycoons never boast off, something which has made it uphill for most to predict about their financial standing. This industrial group was founded by Seth Habib Mitha, born in 1878 to Esmail Ali-a factory owner in Bombay. The financial strength of the Habibs can be gauged from the fact that Muhammad Ali Habib gave a cheque of Rs 80 million to Quaid-e-Azam in 1948 at a time when Pakistan government was penniless owing to delay in transfer of Pakistan's share of Rs. 750 million by the Reserve Bank of India. They had offices in Europe in 1912. They incorporated the Habib Bank in 1941. They own the Habib Bank A.G Zurich, Bank Al-Habib, 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. 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.
9 - Tariq Saigol & Nasim Saigol Pakistan
Ranking: 8 Worth: £425m ($850) Industry: Businessman
Hailing from Jhelum. The pioneer of the Saigol dynasty in 1890 was Amin Saigol who established a shoe shop that eventually transformed into Kohinoor Rubber Works. And then times saw them shining literally like the Kohinoor until their progress was halted by Nationalization in which they lost two-thirds of their wealth. Saigols got trifurcated in 1976 and 15 descendents of Amin Saigols four sons got a share. The name of the Saigols has been used in this part of the world as similes describing quantum of wealth. Yousaf Saigol, along with his brothers Sayeed Saigol, Bashir Saigol and Gul Saigol then nourished an excellent crop. In 1948, Saigols established the Kohinoor Textile Mills with a cost of Rs 8 million and this group happens to be the first to open an LC with the State Bank of Pakistan. 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. Today, cousins Tariq and Nasim are holding the family's fort together and have risen to unprecedented heights in individual capacities. NAB did haunt Nasim but Tariq spent more time either accepting or refusing prized slots everywhere. Tariq is the one of the finest business brains around.
10 - Dewan Yousaf Farooqui Pakistan
Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman
Mr Farooqui. The mentor of this group has been the Sindh Minister for Local Bodies. Industries, Labour, Transport, Mines & Minerals. Dewan Mushtaq Group is one of the Pakistan's largest industrial conglomerates in sectors like polyester acrylic fiber, manufacturing and automotives. Six of their companies are listed at the Karachi & stock Exchange and one at the Luxembourg bourse. 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. The group owns three textile units, a motorcycle manufacturing concern and the largest sugar unit in the country. Dewans also have business interests in India. They possess dozens of millions of shares of Saudi Cement and Pak land Cement. They also have the franchise licence for BMW in Pakistan and now Rolls Royce showrooms.
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%" 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/Businessman
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 manage 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.
6 - Nasir Schon & family U.A.E/Pakistan
Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman
Nasir Schon is a prominent business leader of Pakistan and the CEO of Schon Group. Nasir Schon is the son of Captain Ather Schon Hussain, an ex-pilot of PIA. The Schon family is one of the few striving Muhajir Urdu business families in Pakistan. Starting off in Singapore in 1982, the peek of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertizilers. Famous for the trend-setting roundabout, Schon Circle, Nasir Schon is also known to be one of the first people to have a Rolls-Royce in Pakistan. Directors of Schon group flew to Dubai in 1997 in exile after the dismissal of ex-Prime Minister Benazir Bhutto. The directors of Schon group were known to have close contacts with the husband of former Prime Minister, Asif Zardari. Many assets of the Schon group were auctioned by the Nawaz Sharif government. Schon Group is the only group in Pakistan who has paid the government over 3 billion rupees ($65m) in order to return from exile. Living in Dubai gave Nasir Schon an opportunity to start businesses there. Currently working on an $830 million real estate project known as Dubai lagoon, Schon group is also fighting to get back the assets they once lost. Currently, the Schon group operates a pilot training center in Pakistan known as Schon Air.
7 - Abdul Razzaq Yakoub & family U.A.E
Ranking: 6 (tied at 6) Worth: £500m ($1billion) Industry: Businessman
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). He is one of 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. He has also been involved in paying Asif Zardari $5m in 1990's for allowing him to import/export gold. Which he denies and claim's is government forgeries.
8 - Rafiq Habib & Rasheed Habib Pakistan
Ranking: 7 Worth: £450m ($900) Industry: Businessman
Legend has it that the Goddess of Wealth has been in love with the seasoned Habibs more than anybody else in Pakistan. Most pundits believe that Habibs own at least 100 companies throughout the world, but these content mega-tycoons never boast off, something which has made it uphill for most to predict about their financial standing. This industrial group was founded by Seth Habib Mitha, born in 1878 to Esmail Ali-a factory owner in Bombay. The financial strength of the Habibs can be gauged from the fact that Muhammad Ali Habib gave a cheque of Rs 80 million to Quaid-e-Azam in 1948 at a time when Pakistan government was penniless owing to delay in transfer of Pakistan's share of Rs. 750 million by the Reserve Bank of India. They had offices in Europe in 1912. They incorporated the Habib Bank in 1941. They own the Habib Bank A.G Zurich, Bank Al-Habib, 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. 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.
9 - Tariq Saigol & Nasim Saigol Pakistan
Ranking: 8 Worth: £425m ($850) Industry: Businessman
Hailing from Jhelum. The pioneer of the Saigol dynasty in 1890 was Amin Saigol who established a shoe shop that eventually transformed into Kohinoor Rubber Works. And then times saw them shining literally like the Kohinoor until their progress was halted by Nationalization in which they lost two-thirds of their wealth. Saigols got trifurcated in 1976 and 15 descendents of Amin Saigols four sons got a share. The name of the Saigols has been used in this part of the world as similes describing quantum of wealth. Yousaf Saigol, along with his brothers Sayeed Saigol, Bashir Saigol and Gul Saigol then nourished an excellent crop. In 1948, Saigols established the Kohinoor Textile Mills with a cost of Rs 8 million and this group happens to be the first to open an LC with the State Bank of Pakistan. 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. Today, cousins Tariq and Nasim are holding the family's fort together and have risen to unprecedented heights in individual capacities. NAB did haunt Nasim but Tariq spent more time either accepting or refusing prized slots everywhere. Tariq is the one of the finest business brains around.
10 - Dewan Yousaf Farooqui Pakistan
Ranking: 9 (tied at 9) Worth: £400m ($800) Industry: Businessman
Mr Farooqui. The mentor of this group has been the Sindh Minister for Local Bodies. Industries, Labour, Transport, Mines & Minerals. Dewan Mushtaq Group is one of the Pakistan's largest industrial conglomerates in sectors like polyester acrylic fiber, manufacturing and automotives. Six of their companies are listed at the Karachi & stock Exchange and one at the Luxembourg bourse. 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. The group owns three textile units, a motorcycle manufacturing concern and the largest sugar unit in the country. Dewans also have business interests in India. They possess dozens of millions of shares of Saudi Cement and Pak land Cement. They also have the franchise licence for BMW in Pakistan and now Rolls Royce showrooms.
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