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Top 40 Richest Families In Pakistan

F ollowing is the list of the top 40 richest families in Pakistan at the moment. I received it through a friend and have no idea about how authentic it is. It is an interesting read and does seem like that if not 100%, then it must 80% correct. However, it has missed some families which are sure to make the top 10, of the top of my head I can think of two: Giga (Pardesi family) and the family that owns ARY. Both of them gave the government of Pakistan huge interest free loans when it was on the brink of default after the sanctions imposed due to the nuclear tests almost crippled Pakistan. Anyway, check it out if you have time, as it is quite a long post.

1. The Nishat Group Mian Muhammad Mansha Yaha is the captain of this splendid ship having around 30 companies on board. Mansha, who owns the Muslim Commercial Bank as well, is now setting up a billion rupee ($ 17 m) paper sack project too. 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. Chiniotiby clan, Mansha is married to Yousaf Saigol's daughter. He is deemed to have made investments in many bourses, currency and metal exchanges both within and outside Pakistan. He has had his share of luck on many occasions in life and has recently been awarded Pakistan's highest civil award by President Musharraf. 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!

2. The Jang Group This huge media empire was founded by late Mir Khalil-ur-Rehman some six decades ago. Today, around 10 top newspapers and the multi-billion rupee GEO TV project are being...