Who owns PSL cricket teams

Pakistan is a cricket loving nation. The cricket matches between Pakistan and India are biggest sports event and therefore good business opportunity for sponsors.

Pakistanis use to spend a lot of time on watching the game as it is long game unlike football.

Pakistan Cricket Board in its effort to reintroduce international cricket in Pakistan, established Pakistan Super League (PSL). PSL is a single entity and has five cricket teams as its franchises. The commercial rights to the initial franchises were sold for PKR 9.85 billion ( 91.4 million $) for a span of 10 years in December 2015. The first session, held in 2016, yielded 2.6 million $ in profit.

Owners of these teams are:-

Karachi Kings is owned by ARY Media Group. ARY Media Group is owned by  Salman Iqbal, whose net income for year is 90 million$.¹ Karachi King was sold to ARY Media Group for a period of 10 years, from December 2015, for 26 million$, thus making it the most expensive PSL team.                                                                                                                                                                                                                                   

Lahore Qalandars are owned by Qatar Lubricants Company limited (QALCO). QALCO is the only state-of-the-art lubricants blending plant in Qatar. This company is headed by Rana Fawad. It is the second most expensive team after Karachi Kings and was priced at 24 million $ in December 2015.

Peshawar Zalmi was sold to Haier Paksitan for 10 year period against 16 million US dollars. Javed Afridi is the CEO of Haier Pakistan. Haier Pakistan is subsidiary of Haier Group Corporation based in China.

Quetta Gladiators is owned by Omar Associates, a Karachi based company. The company was founded in 1969. Nadeem Omar is presently the CEO of the company. The group was basically a construction company but now the group is planning to enter into mining sector. The group acquired the franchise for 11 million$.

Islalmabad United Leonine Global Sports won the bid for franchise rights of Islamabad United for a decade against 15 million$. Leonine Global Sports is owned by venture capital firm Leonine Global which is based in UAE. The sports entity Leonine Global Sports also owns a franchise team in Hong Kong T20 League. The venture capital firm is owned by Ali Naqvi.  Ali Naqvi is a renowned businessman having business interests in different countries.

Related links

1. Salman Iqbal

2.    Islamabad United 

3. Ali Naqvi

Pakistan's top tax payers

FBR, Pakistan’s Tax collecting agency has recently issued the list of top tax payers in the country. Pakistani tax laws provide for 4 categories of tax payers. Following are the categories

Salaried individuals,

Non-salaried individuals,

AOP, and

Company

The tax payers include top executives, entrepreneurs and high net worth individuals.

Following is the list provided by the FBR.

Salaried Individuals:

Tariq Nisar, tax payable/paid Rs189,910,478; Mohammad Naeem Mukhtar, Rs159,149,750; Muhammad Waseem Mukhtar, Rs158,858,269; Hassan Mansha, Rs149,423,639; Sheikh Mukhtar Ahmed, Rs147,855,957, Sohail Nisar, Rs105,657,657;

Khalil A Sattar, Rs93,288,432; Anjum Nisar, Rs80,983,805; Arif Habib, Rs80,681,004; Madiha Mehmood Moulvi, Rs67,582,338; Mian Umer Mansha, Rs64,828,437; Muhammad Yasin Malik, Rs58,599,486; Iqbal Alimohamed, Rs58,168,344; Fazal Ahmed Sheikh, Rs55,751,010; Muhammad Shoaib, Rs54,717,751; Rafiuddin Zakir Mahmood, Rs54,312,821; Faisal Mukhtar, Rs 54,167,795; Shuaib Anwer Malik, Rs51,076,156; Arpad Konye, Rs49,862,638; Waqar A. Malik, Rs44,415,066; Syed Babar Ali, Rs43,505,178; Uzair Saboor, Rs41,266,844; Aftab Faizullah Tapal, Rs40,097,924; Pervaiz Afzal Khan, Rs39,578,741; Mohammad Anwar Pervez, Rs38,733,282; Saima Shab Malik, Rs36,638,766; Atif Bajwa, Rs36,020,888; Mian Raza Mansha, Rs

34,969,949; Shamim Ahmed, Rs 33,562,048;

Atif Riaz Bokhari, Rs 33,112,789; Naved Abid Khan, Rs 32,303,687; Rashid Naseer Khan, Rs

31,966,552; Ricardo Guillermo Cordova Alban, Rs 31,352,079; Malik Amanat Khan, Rs30,963,744; Hussain Dawood, Rs29,993,841; Naushaba Khalil, Rs29,837,249; Syed Ali Javaid Hamdani, Rs29,745,236; Iqbal Ali Lakhani, Rs29,625,310; Fawad Ahmed Mukhtar, Rs29,546,012; Adil Khalil Sattar, Rs28,133,957; Amin Mohammad Lakhani, Rs26,870,151; Sikandar Mustafa Khan, Rs26,224,754; Siraj Jaffrani, Rs26,223,089; M. Farhan Hanif, Rs25,617,840; Saad Iqbal, Rs25,445,391; Zameer Mohammad Choudrey, Rs

25,320,022; Abid Hussain, Rs24,901,110; Syed Ali Akbar, Rs24,758,615; Junaid Shamim, Rs24,721,681; Shoaib Shamim, Rs24,085,957; Ovais Shamim, Rs23,918,738; Irfan Siddiqi, Rs

23,729,898; Zubair Shamim, Rs23,355,326; Laeeq Ud Din Ansari, Rs23,213,655; Arshad Riaz Fazail, Rs23,072,138; Mohammad Shoaib, Rs22,878,391; Abdul Salam, Rs22,642,265; Shahzad, Rs

21,935,820; Naz Mansha, Rs21,825,381; Shahbaz Yasin Malik, Rs21,256,927; Lars Christian Luel, Rs21,142,743; Badar Kazmi, Rs21,138,926; Naveed Arshad Fazail, Rs21,129,653; Dr M.S. Habib, Rs

20,862,016; Roar Bjaerum, Rs20,720,722; SM Kashif Qaseem Ud Din, Rs20,637,695; Grame Douglas Amey, Rs20,578,984; Kumail Aftab Tapal, Rs20,436,264; Muhammad Ali Tabba, Rs20,240,800; Amin A Hashwani, Rs20,162,114; Mehvish A Tapal, Rs20,000,593; Liubov Guskova, Rs19,813,634; Nauman K Dar, Rs19,688,632; Rashida Tapal, Rs19,663,377; Abdul Hameed Agar, Rs19,506,793; Farzana Firoz, Rs19,498,174; Andre Nel, Rs19,473,633; Jehangir Firoz, Rs19,124,263; Sohail Bashir Rana, Rs18,814,094; Aurangzeb Firoz, Rs18,520,588; Abdul Aziz, Rs

18,516,069; Shahid Yasin Malik, Rs18,463,355; Anwaar Ahmad Khan, Rs18,137,263; Jahangir Khan Tareen, Rs18,130,622; Ehsan Ali Malik,

Rs17,885,412; Imtiaz Hamad Khan, Rs17,859,328; Karl Erik Broten, Rs17,435,358; Peter Day, Rs

17,328,403; Ahmed Khizer Khan, Rs17,127,375; Muhammad Rafique, Rs17,048,424; Latif Khalid Hashmi, Rs16,996,864; Abdul Razzak S Dawood, Rs16,779,806; Fawad Yousuf, Rs16,667,383; Umair Amanullah, Rs16,487,173; Jhon Seward, Rs

16,434,922; Aftab Ahmad Khan, Rs16,399,329; Danish Iqbal, Rs15,857,529; Asif Jooma, Rs

15,721,467; Tariq Khamisani, Rs15,376,005; Javed Iqbal, Rs15,346,500; Babur Sultan, Rs15,309,994

Non-Salaried Individuals

Irfan Usman, Tax Payable/Paid Rs749,008,253; Wazir Ali Pardhan, Rs210,332,864; Tariq Rafi, Rs

174,246,502; Muhammad Irfan Ghazi, Rs

117,179,385; Sh Jhanzeb Jilani, Rs104,780,291; Abdullah A. Hashwani, Rs100,131,932; Sheikh Wajahat Ali, Rs98,363,593; Farrukh Ijaz, Rs96,964,775; Muhammad Akram Khan Panazai, Rs95,509,632; Iqbal Ahmad Qarshi, Rs84,362,395; Muhammad Ameen, Rs83,375,785; Asifa Malik, Rs80,634,780; Iqbal Naeem, Rs78,390,180; Sher Muhammad Mugheri, Rs77,243,231; Sabir Hussain, Rs75,084,388; Farhan Hanif, Rs

73,142,703; Alam Khan, Rs71,051,166; Siddik S.Jaangda, Rs68,574,255; Aamir Zia, Rs68,125,766; Falak Sher Awan, Rs66,678,108; Haji Sirajuddin, Rs66,324,515; Abdul Samad, Rs63,628,741; Ali Mehboob, Rs57,477,619; Ali Jehangir Siddiqui, Rs57,249,652; Syed Abdul Manan, Rs56,447,033; Nelofar Sikandar, Rs53,529,363; Qalander Bux Abro, Rs53,356,908;

Muhammad Tehreem Shamim, Rs 53,083,878; Tariq Chobdar, Rs52,575,479; Muhammad Aneeq Siddiqui, Rs52,488,217; S.M. Ashfaq, Rs52,216,103; Shahid Ansari, Rs52,048,375; Malik Muhammad Mukarram, Rs51,886,071; Muhammad Dawood, Rs49,725,378; Liaquat Ali Gondal, Rs49,282,666; Rabnawaz, Rs48,660,492; Manzoor Hussain, Rs47,612,252; Muhukum Uddin Solangi, Rs46,964,804; Muhammad Riaz, Rs 45,463,685; Mohammad Saleem, Rs44,922,249; Abdul Jabbar, Rs44,674,656; Muhammad Waris Panhwar, Rs44,344,256; Muhammad Akbar Sheikh, Rs44,289,527; Ejaz Ahmed Dogar, Rs 43,709,625; Muhammad Tariq Butt, Rs42,422,376; Sabz Ali, Rs39,793,113; Naeem Ali Muhammad Munshi, Rs38,927,581; Nisar Ahmed Dogar. Rs

38,563,185; Amin Muhammad Lakhani, Rs38,517,189; Mian Mohammad Jahangir, Rs

37,834,401; Muhammad Usman, Rs37,529,538; Saifullah Mangat, Rs37,463,832; Muhammad Atif Butt, Rs37,328,546; Dilawar Hussain, Rs37,166,425; Mohammad Umair Kara, Rs

36,898,227; Ahmad Ghezal Usmani, Rs

36,181,766; Abdul Waheed Shaikh, Rs35,700,855; Zeeshan Arshad, Rs35,540,911; Ammil Raza Mansha, Rs35,521,875; Niamatullah, Rs35,187,558; Ayoob Eusoof, Rs35,076,600; Wajid Iqbal, Rs34,814,616; Anil Kumar, Rs34,725,317; Pervaiz Shakeel, Rs34,610,484; Mohammed Ahmed Chobdar, Rs 34,414,163; Sultan Ali Kamruddin, Rs34,294,574; Mansoor Ahmed Soomro, Rs 33,880,026; Mohammed Sabir, Rs

33,847,558; Zamir Ahmed Qureshi, Rs33,536,504; Aziz Hasan Jillani, Rs33,486,038; Faisar Mehmood, Rs33,435,252; Maqbool Ahmed Soomro, Rs 33,339,191; Muhammad Rafique, Rs

33,302,711; Muhammad Atif, Rs33,251,530; Shakir Ahmed, Rs33,235,379; Imran, Rs33,235,379; Amir Amin Kothawala, Rs 32,939,226; Zaitun H. Jan Muhammad, Rs

32,852,562; Zahid Amin Sethi, Rs32,830,957; Zor Alam, Rs32,574,385; Saleem Zakaria, Rs

32,521,971; Shahid Majeed, Rs32,294,104; Khan Ayaz Khan, Rs32,256,830; Muhammad Kashif, Rs

31,683,423; Malik Mushtaq Ahmed, Rs31,606,421; Jahangir Siddiqui, Rs31,566,375; Mohammad Shakeel, Rs 31,512,743, Gulbano Hasan Ali, Rs 31,213,846; Ebrahim Qassim, Rs31,183,290; Mohammad Iqbal Shaikh, Rs30,863,501; Abdul Qader, Rs30,565,958; Ronaq Iqbal Ali Lakhani, Rs 30,444,703; Waqas Aftab, Rs

30,297,262; Mumtaz Ali Chandio, Rs

30,136,960; Shazia Arif, Rs29,734,662; Mohammad Najeeb Haroon, Rs29,625,113; Mohammad Muqeet, Rs29,542,025; Iftikhar Ahmed, Rs29,439,873; Muhammad Farooq, Rs

29,273,343; Rasheed Khan, Rs29,185,972

ASSOCIATION OF PERSONS

LTHJV, Tax Payable/Paid Rs496,882,503; United Agro Chemical, Rs 464,893,376; Limak Jv Zkb, Rs

424,226,717; Zahir Khan & Brothers, Rs384,895,596; Chawla International, Rs

357,433,819; Advance Telecom, Rs231,960,765; Kingcrete Builders, Rs223,181,907; United Mobiles, Rs 217,779,874; Triple Tree Associates, Rs210,177,344; Descon-Ccc Joint Venture, Rs 172,649,975; Wr Edible Oil Refinery, Rs 171,263,860; Zafar Enterprises, Rs 153,574,140; A.F. Ferguson And Co., Rs 140,711,931; Dbh Joint Venture Projects, Rs134,749,136; Habib Construction - Ikan Jv, Rs134,280,851; Saadullah Khan & Brothers Engineering & Construction, Rs

126,851,510; S.M. Jaffer & Company, Rs

124,614,948; Eko -Krc (Joint Venture), Rs

119,052,042; Niaz Muhammad Khan And Brothers, Rs110,160,293; Rajby Industries, Rs

97,768,036; M Irfan M Aamir Construction (Mima Construction), Rs96,714,838; Haji Muhammad Shabir Ch. Nazir & Co., Rs 86,687,866; Ernst & Young Ford Rhodes Sidat Hyder., Rs84,726,066; Kpmg Taseer Hadi & Co., Rs82,480,509; Tayyab Manzoor Tarar, Rs 79,850,001; Wazir Ali & Company, Rs73,728,419; Teletec Enterprises, Rs

68,875,982; Werrick Pharmaceuticals, Rs63,469,852; Nkke (Jv), Rs62,314,770; Sparco-Clic Joint Venture, Rs61,830,419; Shafique Brothers And Company, Rs60,582,986; Muhammad Ramzan & Company, Rs59,054,448; Wilsons Pharmaceuticals, Rs57,162,719; S. Ejaz Ud Din & Company, Rs56,832,072; Crescent Corporation, Rs55,759,206; Hantex, Rs54,940,039; Khattak Allied Construction Company, Rs53,967,219; Gourmet Foods, Rs

52,874,139; Saadat International, Rs51,873,837; Neie-Lac (Joint Venture), Rs51,183,579; Aman Autos, Rs 50,193,912; Al-Kamal International, Rs

50,080,044; Chief Machinery Corporation, Rs

48,013,666; Haji Abdul Sattar & Co, Rs46,641,618; Green Stone Corporation, Rs46,547,076; Multilynx, Rs 45,152,140; Friends Enterprises, Rs

45,108,210; Pakistan Rubber & Tyre Co, Rs

43,859,437; Kamal Textile Mills, Rs 42,625,533; Shafiq Construction Company, Rs 42,493,372; U.M Enterprises, Rs 42,140,749; United Towel Exporters, Rs 42,138,805; GKG, Rs 41,812,402; Jamaluddin & Company, Rs 41,724,427; Iftikhar & Company Contractors, Rs 40,953,982; Baba Enterprises, Rs 40,366,018; Nafcon Construction,

40,040,147; Elcon Associates, Rs 39,801,538; Muhammad Faisal Ghafoor, Rs 39,005,768; RMC Construction Company, Rs 38,391,730; Inland Construction Company, Rs 36,882,648; Unique Trading Company, Rs36,550,945; Imran Ship Breaking Co., Rs36,355,040; Qasim Khan & Company, Rs35,832,614; Construct, Rs35,492,899; Kazi Nisar Ahmed Pirzada & Co, Rs35,445,003; Al-Hamza Trading Company, Rs35,236,187; Fashion Knit Industries, Rs34,394,033; S.S. Enterprises, Rs34,226,571; Riaalaw, Rs 34,149,093; Choudhery Construction Company, Rs

33,647,308; Shaheen Freight Services, Rs

33,641,143; Ch Engineers Associates, Rs 33,252,943; Ss Fashion Resources, Rs 33,251,530; Plastochem Corporation, Rs32,595,465; Rachna Agri Business, Rs32,553,140; Sattar Electronics,

32,135,867; Jubilee Corporation, Rs 30,136,384; Advance Business Systems, Rs 30,109,915; Zahoor Die Casting Co., Rs30,072,930; Kaghan Trading Company, Rs30,067,098; Kanpa International Sales, Rs29,809,227; Adamjee Enterprises, Rs

29,632,055; National Tent House, Rs29,498,725; Aq Enteprises, Rs29,480,328; Zain Ul Abideen And Sons, Rs29,398,532; The Legend, Rs29,342,277; Al-Hamza Trading & Ship Breaking Company, Rs29,321,325; A & B Productions, Rs

28,904,812; Asif Brothers, Rs28,877,725; Pinggao-Potential Jv, Rs28,555,197; Transfab, Rs

28,297,503; Haji Said Muhammad And Sons, Rs

28,239,681; Amir Rice Traders, Rs28,105,446; M. Yahya M. Yousuf Bari, Rs27,243,493; Iqbal Rice Mills, Rs26,924,165; Agro Industrial Solutions, Rs

26,867,009; Shaheen Enterprises, Rs26,554,220; Dha Bahria Town Joint Venture Project, Rs

26,540,772; Cot Link International, Rs

26,388,916; Hub Pak Salt Refinery, Rs26,104,853

Companies

Oil And Gas Development Company Limited, Tax Payable/Paid Rs36,963,745,646; Pakistan Petroleum Limited, Rs15,404,269,282; Habib Bank Limited, Rs11,786,705,153; Government Holdings (Private) Limited, Rs10,756,321,121; Fauji Fertilizer Company Limited, Rs 9,898,049,256; Muslim Commercial Bank Limited, Rs9,589,120,400; Pakistan State Oil Company Limited; Rs7,946,259,287; United Bank Limited, Rs6,588,129,067; Pak-Arab Refinery Limited, Rs

6,213,915,419; Eni Pakistan Limited, Rs

5,145,178,569; Civil Aviation Authority, Rs

5,100,197,646; National Bank Of Pakistan, Rs

4,486,609,700; Kot Addu Power Company Limited, Rs3,916,656,945; Bhp Petroleum Pakistan Pty Limited, Rs 3,456,964,686; Allied Bank Of Pakistan Limited, Rs3,358,099,795; Bank Al-Habib Limited, Rs3,197,816,366; Pakistan Telecommunication Authority, Rs3,140,132,933; Pakistan Oilfields Limited, Rs2,739,043,233; Kirthar Pakistan B. V., Rs2,682,810,578; Unilever Pakistan Limited, Rs2,353,785,690; Habib Metropolitan Bank Limited, Rs2,209,280,571; Pepsi-Cola International (Pvt) Limited, Rs

2,175,666,033; Eni Pakistan (M) Limited S.A.R.L, Rs 2,139,436,878; Standard Chartered Bank (Pakistan) Limited, Rs2,050,011,450; Fauji Fertilizer Bin Qasim Limited, Rs2,046,773,876; United Energy Pakistan Limited, Rs1,876,002,340; Indus Motor Company Limited, Rs1,822,993,007; Eni Aep Limited, Rs1,728,376,093; Attock Petroleum Limited, Rs1,659,963,223; Mari Petroleum Company Limited, Rs1,616,940,173; Bank Alfalah Limited, Rs1,539,981,471; Nestle Pakistan Limited, Rs1,498,936,479; Meezan Bank Limited., Rs 1,427,078,960; Zarai Taraqiati Bank Limited, Rs 1,414,868,346; Omv (Pakistan) Exploration Gesellschaft M.B.H., Rs1,385,103,872; KP Exploration 2 Limited, Rs 1,294,291,629; Qasim International Container Terminal Pakistan Limited, Rs 1,293,414,906; Chevron Pakistan Limited, Rs 1,231,140,751; Pkp Exploration Limited, Rs 1,168,372,650; Karachi International Container Terminal Limited, Rs 1,162,191,804; Fauji Foundation, Rs 1,094,064,396; Shell Pakistan Limited, Rs 1,085,084,121; National Refinery Limited, Rs 1,065,977,142; Millat Tractors Limited., Rs 1,043,149,828; Tapal Tea (Private) Limited, Rs 1,025,292,744; Al-Ghazi Tractors Limited, Rs 960,833,557; Pakistan Security Printing Corporation (Private) Limited, Rs

960,367,365; Pkp Kirthar 2 B.V, Rs 950,543,986; Abbott Laboratories Pakistan Limited, Rs 895,030,776; Rafhan Maize Products Company Limited, Rs 876,938,659; The Attock Oil Company Limited, Rs 857,052,275; Pkp Kadanwari 2 Limited, Rs 818,143,871; Presson Descon International (Private) Limited, Rs 807,783,382, Askari Bank Limited, Rs 769,993,779; Colgate-Palmolive (Pakistan) Limited, Rs738,675,258; Procter & Gamble Pakistan (Private) Limited, Rs

669,685,838; Nishat Mills Limited, Rs

668,373,334; Pakistan Refinery Limited, Rs

662,120,349; Descon Engineering Limited, Rs

660,231,773; PKP KIRTHAR B. V., Rs

651,803,541; Khadija Edible Oil Refinery Pvt Limited, Rs648,397,015; Glaxo Smithkline Pakistan Limited, Rs640,940,231; Huawei Technologies Pakistan (Private) Limited, Rs

637,939,012; Pepsico Investments Europe I.B.V, Rs

626,847,327; Pakistan Tobacco Company Limited, Rs613,558,083; Kufpec (Pakistan) B.V, Rs606,366,866; Thal Limited, Rs604,025,223; Lucky Cement Limited, Rs593,207,938; MOL PAKISTAN OIL & GAS COMPANY B. V., Rs

581,818,532; PKP Kadanwari Limited, Rs

563,813,985; Getz Pharma (Private) Limitted, Rs

555,996,520; Attock Cement Pakistan Limited, Rs

555,898,652; Dawlance Electronics (Private) Limited, Rs554,129,798; Educational Services (Private) Limited, Rs531,655,881; The Coca-Cola Export Corporation, Rs524,887,388; PAK SUZUKI MOTOR CO. LIMITED, Rs513,605,147; Pakistan Mobile Communications Limited, Rs

509,356,994; Unilever Overseas Holding Limited, Rs500,555,433; Atlas Honda Limited, Rs

494,413,732; Efu Life Assurance Limited, Rs

477,548,482; United Refrigeration Industries Limited, Rs476,091,352; Cargill Pakistan Agri Foods (Private) Limited, Rs455,658,203; Novartis Pharma (Pakistan) Limited, Rs445,673,972; Mapak Edible Oils (Private) Limited, 441,570,357; Trading Corporation Of Pakistan (Private) Limited, Rs434,844,350; Pakistan Services Limited, Rs428,731,650; Telenor Pakistan (Private) Limited, Rs427,579,061; Reckitt Benckiser Pakistan Limited, Rs421,977,892; State Life Insurance Corporation Of Pakistan, Rs410,727,775; Sitara Chemical Industries Limited, Rs404,910,290; Habib Construction Services (Pvt) Limited, Rs403,495,849; Murree Brewery Company Limited, Rs401,342,406; Pakistan International Container Terminal Limited, Rs397,552,545; The Bank Of Khyber, Rs 396,640,829; Dalda Foods (Private) Limited, Rs394,332,240; Attock Refinery Limited, Rs

385,058,343; Tahir Omer Industries Limited, Rs

373,311,786; Bata Pakistan Limited, Rs372,108,292; International Power Global Development Limited, Rs370,427,288; Franklin Templeton Investment Funds, Rs356,442,524; Zhongxing Telecom Pakistan (Private) Limited, Rs

353,117,065; Sea And Land Drilling Contractor Inc, Rs351,648,623; Pakistan Reinsurance Company Limited, Rs349,905,068; Pak China Investment Company Limited, Rs347,293,852; Gold Trade International Limited, Rs338,506,598; and K & N’s Foods (PVT.) Limited, Rs333,372,420

Related Link

FBR List

Tycoon once again spells the magic.

Malik Riaz signed an agreement with His Highness Sheikh Nahyan to construct world’s tallest building in Karachi. The project will be worth 45 billion us dollars. Of the total 45 billion US dollars 10 billion US dollars will be invested in Lahore and Islamabad and other 35 billion US dollars will be invested in Sind. In addition to the tallest building sports club, educational and media city will also be constructed. The project also includes construction of miniature of Seven Wonders of the World. Construction project will boost 55industries including cement industry, bricks industry, electrical industry, iron and steel industry and glass industry. The project also encompasses generation of electricity from sea water. According to the statement the project will provide employment to 2.5 million people.

Nahyan is Chairman Abu Dhabi group, which is largest foreign investing group in Pakistan. The group has its investment tin many sectors of the economy. Bank Al Falah, Warid and Wateen Telecom companies etc are some big names that are owned by the Abu Dhabi group. Sheikh Nahyan is also recipient of Pakistani highest civilian award hallal e Pakistan.

Malik Riaz is a Pakistani tycoon who is the founder of Bahria Town. Malik Riaz has completed this project as an example for the country’s real estate developers. As much as 100000 families are dependent on bahria town for their livelihood. He belonged to a business family. At a young age the Business of his family was collapsed and he was forced to start his practical life as a clerk in Military Engineering Service. Then he started his entrepreneurial career as a small government contractor and achieved unprecedented success as a businessman.

Malik riaz is famous for his remarkable quality of maintaining good relations with many important political personalities even when they are at daggers drawn with each other. He also enjoys cordial relationship with many in military and civilian establishment of Pakistan.

Malik Riaz is a great philanthropist as well. He helped flood affectees and provided ransom for the freedom of Pakistani hostages from Somali pirates. 

According to the Newsweek the net worth of the tycoon is around 6 billion us dollars. These days his son takes care of the Bahria Town as its CEO.

Malik Riaz has started and completed many projects ancillary to Bahria Town in collaboration with many international and foreign contractors in order to provide world class residential facilities to the residents of Bahria Town. Malik riaz has brought Thomas Kramer as well as Sultan Nahyaan to invest in Pakistan along with him.

Thomas Kramer is leading global networker and an entrepreneur, who has to his credit major construction projects around the world, including Miami Beach, in USA. He has a net worth of 90 million us dollars. He is working on many large scale projects including a mixed use tower in Germany, mega development project in Brazil including a five star hotel etc.
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the news

Pakistan's Logistic Giant

Agriculture sector contributes a lion share in Pakistan’s GDP. But presently Pakistan’s 40% agricultural produce is lost because of bad logistic infrastructure. And this company is experimenting with ways to provide logistic services to Pakistani agriculture sector with only three to four percent loss.

Starting from four employees, it now has over 400 people as its employs. With 700 customers including many national and multinational companies, it takes care of whole process of logistics including shipping, trucking and warehousing.

The company was started by Abid Butt in 2005, who earlier worked for a French logistic giant Geodis. At that time, in Pakistan, no one was available to provide end to end solution, so initial idea was to provide all services including trucking, warehousing and shipping etc by the same company. This led the company’s name being e2e supply chain management (pvt.) ltd. i.e. end to end supply chain management (pvt.) ltd. In 2011 butt’s company had around 76 million us dollars in annual revenues. The company grew 1918% from 2008 to 2010 and was nominated as Pakistan’s fastest growing private company by AllWorld network in 2012. Initial investment in e2e supply chain management (Pvt.) ltd. was arranged by him and his friend and was 1 million rupees (nearly 20000 us dollars at that time) each.

Company’s founder Abed butt is a LUMS graduate with a major in economics and also holds an MBA from INSEAD. After graduating from LUMS, Pakistan’s leading business school, Abid worked for Maersk. Later on he joined Geodis, and was posted in Paris.

He started his business from Karachi, Pakistan’s industrial and commercial heart. He started his entrepreneurial career by resigning from Geodis, risking a steady career growth. At that time he was making 15000 euros per month.

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Waste Management entrepreneur

Pakistan generates nearly 56000 tons of solid waste daily in urban areas only, and it is increasing at the rate of 2.4% annually. This solid waste is an opportunity for entrepreneurs.

This waste can be recycled, used to produce liquefied petroleum products, or electricity.  There are advanced waste-to-energy conversion technologies that are commercially viable and sustainable. Presently Fauji Cement Company is using municipal solid waste to produce electricity.

Garbage is not only a cheap source of producing electricity but it can also be used to produce fertilizers. It is profitably being converted to fertilizer by an entrepreneur from Lahore.

Asif Farooqi is a green entrepreneur. He is CEO of waste buster, a waste management company. He is the pioneer of the waste management business in Pakistan.

Some years earlier he started with 6 donkey carts that collected waste from house to house. Now his business waste buster has 200 garbage collection vehicle and employees 3000 people. His business is not only about making money but also conserving environment as well.

Mr. Farooqi informed in a report of al Jazeera that what started from six donkey carts has become a business employing three thousand people and all this money is generated from waste. His men collect garbage and other waste from narrow streets of Lahore and deliver to factory through garbage collection vehicles. His waste management plants separate garbage into organic, plastic and metals to produce liquefied petroleum products, and fertilizers for farmlands. 

Asif Farooqi holds masters degree in environmental engineering from northwestern university, USA with specialization in waste management. He has more than 20 years of experience in the field of environmental engineering. His company waste buster is based in Lahore. Many contracts have been won by the waste busters in Karachi and other cities of Pakistan.

 related links.

dawn

south asia investor review

al Jazeera

Iqbal Zafaruddin Ahmed

Iqbal Zafaruddin Ahmed is a Pakistani entrepreneur and philanthropist. His business group, Associated group, was founded by Iqbal and his father. It was 1965 when they laid the foundation of this energy group.

Today his group has become the largest producer, transporter and marketer of liquefied petroleum gas in private sector. The member companies of this group are jamshoro joint venture limited, lub gas, mehran LPG, Pakistan Gasport limited, AG omnimedia, AG publications, and associated estate developer. This group has revenues in excess of 200 million us dollars.

The group has extended its interest in the media and property development by launching AG omni media, AG publications, and associated estate developer.

Iqbal Zafaruddin Ahmed is a self made businessman who started business at the young age of 16. He was born in Patna, India to Z. Z. Ahmed, who later becomes deputy inspector general police (Pakistan). Iqbal Ahmed has been featured in Newsweek international and Forbes. His family has produced lawyers, judges, politician, and bureaucrats. Some leading names from his family include moulvi Ziauddin Ahmed, first Indian to serve as DIG (deputy inspector general) Bombay sindh presidency. Pakistan’s ambassador Riazzuddin. Former (Pakistani) Supreme Court Justice Sabihuddin Ahmed was his cousin.

Mr. Iqbal played an important role in improving Pakistan US relations.

related links

wikipedia

forbes 

Pakistani people in private equity industry.

Private equity represents a class of investors, their funds, and their subsequent investments, which are made in private companies or public companies with the goal of taking them private.

Below are some notable Pakistani people from private equity industry around the globe.

1.      Riaz Siddiqi is a Founder and Managing Partner of Denham Capital, a private equity firm that manages over 4 billion dollars and invests in the commodity and energy sectors globally.

2.      Faysal Sohail is a venture capitalist and has served as a General Partner at CMEA Capital since 2002. 

3.      Wahid Hamid is a Senior Partner at Abraaj Capital and Head of Portfolio Management and Operations Group.

4.      Dr. Moeen Qureshi - Chairman of EMP Global, a multi-billion private equity fund; Former Prime Minister of Pakistan; Former CFO of World Bank

5.      Arif Naqvi is founder Abraaj Capital, a leading private equity firm that invests in Middle East and North Africa.

6.      Aamer A. Sarfraz is founder of Indus Basin Holding, a developer of agribusiness projects in Pakistan.

7.      James Caan is also the founder and currently CEO of the UK-based private equity firm Hamilton Bradshaw

8.      asad zain Founding Member at Manara Equity Partners

9.      Abdul Hafeez Sheikh, General Partner New Silk Route Partners (a private equity firm that invests in Asia and middle east)

10.  Sardar Sherazam Mazari. In May 2009, he established Rojhan Capital as Managing Partner, which is an investment and management company focused on Pakistan.

11. Asad Jamal of ePlanet Capital is global venture pioneer. He has offices in Asia, Europe, U.S. he led investments in many hi-tech firms including Baidu ( China’s google), HiSoft (information technology and business process outsourcing company headquartered in China), median technologies (cancer detection company based in France), SiliconFile Technologies(chips for cell phones and cameras, South Korea) 

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asad jamal
moheen qureshi
arif naqvi
indus basin holding
sardar sherazam mazari

Izzat Majeed, CEO Alyph Limited

Izzat Majeed is an entrepreneur, investor, poet and educationist. His investment company Alyph Limited is a billion dollar company. Izzat Majeed studied in Britain from Oxford University and completed his master’s degree with economics. He started his career as a lecturer at Punjab University. After 7 years as lecturer he resigned from the university. He still lectures in west on Islam. In 1982 he moved to Saudi Arabia where he served as an advisor to Saudi Arabian minister, his Excellency Hisham Nazer. After leaving advisory to Saudi minister he started an investment company, Alyph Limited in London.

Alyph Limited has investment in green field industrial and infrastructural investment projects globally. The business interests of this company around the world exceeds 1 billion us dollars. In Pakistan Izzat Majeed bought union bank and then sold it to standard chartered bank.

His interest in music especially classical music led to the birth of Sachal Music in Lahore.

Sadeq Saeed, a Pakistani banker

Sadeq Sayeed is a prominent Pakistani banker and electrical engineer. Presently he is serving London based hedge fund firm, Metage Capital Limited, as its chairman.

Sayeed was born in Pakistan and went to United States for studies. He took admission in Massachusetts Institute of Technology undergraduate programme in economics with concentration in electrical engineering. Later he also got his master in finance from the MIT.

He started his active professional life at the age of 23 by joining World Bank. His assignments in World Bank include working as research associate and internal consultant.

Later in 2000 he joined Nomura group, a Japanese financial conglomerate. Before joining Nomura he also served Credit Suisse First Boston, an investment banking division of Credit Suisse group.

At retirement from Nomura, he is reported to have received severance package amounting to 34 million us dollars.

In Pakistan he along with shaukat tareen, former Pakistani finance minister, led consortium which acquired controlling stakes in Saudi pak commercial bank. Later Saudi pak commercial bank was renamed as Silk Bank Limited.

Success achieved by Pakistani bloggers.

Income diary has a post named ‘20 top blog sales’ that has a list of blogs that were sold for millions. In recent past a name of Pakistani blog appeared in ‘top earning blogs’ on incomediary. According to incomediary Saad Hamid’s blog Sizlopedia was making 11000 us dollars per month.

Blogging has become common in Pakistan and there are many successful bloggers in Pakistan. Recently another success has been achieved in this area by Pakistanis. Gagism.com, a humor blog, co-founded by Farrukh Zafar and Salman Saeed, has been acquired by an Australian firm for rupees 10 million (105000 us dollars approximately).  Presently gagism has a team of 6 members including two founders. 

related link
propakistani

Founded by former income tax oficer

Interwood Mobel is Pakistan’s largest producer of wooden furniture. Interwood Mobel is founded and run by Farooq Malik, who is a former government employee at FBR. Interwood is manufacturer and retailer of furniture and owns retail outlet in many cities of the country. Presently this company is running 6 show rooms in Lahore, Karachi, and Islamabad. Nearly 1500 people are working for this company. Presently interwood is working with international household company Ikea. According to Farooq Malik profit margin is low but his company is learning a lot from Ikea.

The lifestyle of Interwood Mobel owner resembles that of Ikea owner Ingvar Kamprad. He lives in a rented house and owns an old car. He frequently attends exhibition in different countries and according to him he learns from these events. He is impressed with the creativity of Italian people.

Interwood Mobel was started when Mr. Malik was removed from government service. He started by making television cabinet, and then converted to manufacturing wooden doors. Meanwhile he was reinstated in previous job by government. After his retirement from government service as a 22 grade officer he started focusing on his business. Now his other family members have also joined him in this business.