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

8 surprising benefits of getting up early

"The sun has not caught me in bed in fifty years”
President Thomas Jefferson.

"The early morning has gold in its mouth" Benjamin Franklin

Many successful people term their habit of waking up early as their secret to success. Successful investors also use early morning to know about news, which may affect their holdings. Moreover, it helps them analyze international events as well.

Rich and famous like Richard Branson, Donald Trump and many other billionaires start their day before the sun rises. There are numerous benefits of being an early morning person, some of which are:-

1.    Better Grades

A study at Texas University has shown that students who got up early in the morning had an average grade point average that is full point higher than that of evening types.

2.    Business success

Getting out of bed at an early hour can give a boost to your business career

“When it comes to business success, morning people hold the important cards," says Christoph Randler, a biology professor at the University of Education in Heidelberg, Germany. He told the Harvard Business Review of his research, some of which originally appeared in the Journal of Applied Social Psychology. "[T]hey tend to get better grades in school, which gets them into better colleges, which then leads to better job opportunities."

This can have major impact on their earning in future as the market is getting competitive.

Know why Richard Branson gets up early

3.    More proactive

 “Morning people (also) anticipate problems (well) and try to minimize them. They're proactive” says Randler.

 They are more proactive as compared to night owls.

4.    More will power

Studies have shown that will power is a finite source and it is highest in morning.  You can use it for important task because as you use up your will power on a certain task, the less you’ll have to go around for other tasks.

5.    Productivity

A new report published in the Wall Street Journal says that 4 a.m. may be the most productive time of the day. This information means that you can use early mornings to boost your productivity.

6.    Happier and more optimistic

Other studies have proved that morning people are happier, and are more optimistic.

7.    Regular exercise

Larks are more consistent with their exercise. Being proactive helps them, focus on activities which are beneficial in the long run.

8.    Good night sleep

More sunlight exposure helps you enjoy better quality sleep in night. A research showed that workers with windows received 173 percent more natural white light exposure during work hours and slept an average of 46 minutes more per night.

By getting up early you can receive more sunlight and can enhance your sleep quality.

Top 10 richest presidents of U.S.A.

With the election of Donald Trump as next U.S. president, America is going to see the richest President all time.  Earlier the richest one was founding President George Washington with worth of 580 million U.S. dollars. Below is the list of richest presidents along with their wealth, in 2016 dollars. The figures represent peak wealth.

1.       John. F. Kennedy ( more than 1 billion $)

He along with his family owned more than 1 billion us dollars. His family fortune was created by his father John Kennedy, who made money from commodity trading and real estate investing.

2.       George Washington (580 million dollars)

He was an industrialist and entrepreneur. He sat up his own distillatory for making alcohol. Moreover he owned more than 8000 acres of land. President Washington estimated worth in today’s dollars is 580 million $.

3.       Thomas Jefferson (234 million dollars)

He was third president of United States. His net worth was 234 million $.  He inherited vast fortune but ended up in debts, in later part of his life.

4.       Theodore Roosevelt(138 million dollars)

He owned 138 million dollars. He was born to prominent and wealthy New York family and became 26^th U.S. president.

5.       Andrew Jackson(131 million dollars)

Andrew Jackson was 7^th president of United States. He owned 640-acare plantation called hermitage situated near Nashville. He was among first three investors who founded Memphis.

6.       James Madison (112 million dollars) 

112 million dollars president Madison after inheriting some land from his father, he eventually owned 5000-acres.  He became the largest land owner of Orange County, Virginia.

7.       Lyndon b. Johnson. (108 million dollars)

After inheriting small piece of land, in Texas, he eventually built it up into expensive 1500-acre ranch. His wife also owned radio and TV station in Austin, Texas.

8.       Herbert Hoover (82 million dollars)

A mining engineer by profession amassed huge stakes in different mining companies.

9.       Bill Clinton ( 75 million dollars)

He unlike other presidents, Clinton didn’t inherited family fortune. He made his fortune during his tenure as Arkansas Governor and later as President. He also received 15 million$ advance for his autobiography in 2005. President Clinton is one of the highest paid keynote speakers.

10.   Franklin D. Roosevelt (66 million dollars)

32^nd President of United States owned 66 million dollars. Like other wealthy U.S. presidents much of his fortune was inherited.

Investment in Dubai realty sector

Dubai presents lucrative investment opportunities for Asian investors in real estate sector. The proximity of Dubai to these countries along with good rental yields is the main attraction. Moreover, Dubai offers unique opportunity of earning tax free gains.

Furthermore, the deteriorating law and order situation in many of surrounding countries is another reason which boosted Dubai’s property market. Affluent investors from gulf including Syria, Lebanon, Iraq, and other Arab countries have flocked to Dubai.

Investors from non-Arab countries too have benefited from its property market. The data from Dubai Land Department shows that Pakistani investors, during 2015, has invested AED 8 billion in Dubai, which is more than AED 7.588 billion, invested during 2014.

India has topped the list of largest investor. The amount invested by Indians during 2015 is AED 20 billion which is more than AED 18.123 billion, invested by Indians during 2014. 

Burj khalifa

UK citizens are second largest investors in Dubai’s property market. The amount invested by U.K. investors, during 2015, is AED 10 Billion. Previous year investors from U.K. invested AED 9.318 billion.

The improvements made by UAE Govt., after 2008 crisis, helped build investor confidence. Steps like increase in property transfer fee sidelined speculators. Furthermore, Escrow account added another layer of security for genuine investors. 

The enormous wealth of presidential contestants

Hillary Clinton and her husband have earned 30 million dollars during previous 16 months, according to ‘financial disclosure forms’ filed with federal elections officials on Friday.

Bill Clinton, husband of Hillary Clinton

In the 2016 presidential elections many of the possible contenders are much wealthier than average American citizen.

Jeb bush, for example, is a member of wealthy families that own Oceanside compound in Kennebunkport, Maine. Democrat’s possible contender Hillary Clinton, wife of former President Bill Clinton, has earned 200,000 dollars as speaking fees over the past year. The one hour speech can earn Mrs. Clinton what average American make in four years.

 In addition to speaking fees she was known to have received a $14 million advance for the book she released last year.

Other contestants include Ted Cruz having worth of $3.2 million, Rand Paul having $1.3 million.

Businesswoman Carly Fiorina is one of the wealthiest potential White house contenders. She is worth an estimated $ 71 million.

But these contestants are nowhere near to the former contestant, private equity mogul, Mitt Romney. At the time of contest he had had somewhere between $190 million to $250 million.

The tendency of power to concentrate in the hands of rich and those having strong family connection is seen in the World’s sole super power.

Past presidents did include millionaires. The richest president till now is J. F. Kennedy who is estimated to be a billionaire in 2010 dollar terms. Other rich presidents in 2010 dollars terms were George Washington 525 million dollars, Thomas Jefferson 212 million dollars, Theodore Roosevelt 125 million dollars, Andrew Jackson 119 million dollars, James Madison 101 million dollars, Lyndon Johnson 98 million dollars, Herbert Hoover 75 million dollars, Franklin Roosevelt 60 million dollars, bill Clinton 55 million dollars, George H W Bush 23 million dollars, George W Bush 20 million dollars.

Although J. F. Kennedy is considered to be billionaire but conservative estimates suggest much less figure hence George Washington can be considered to be the richest president of all. President Washington owned nearly 60,000 acres and more than 300 slaves.

George Washington was in the business of flour milling, fishing, horse breeding, spinning, weaving and (in the 1790s) whiskey production.

Wealth of congressman, senators and presidential contestants has brought severe criticism from general public. The criticism is not entirely unwarranted.

 The general trend of American society from meritocracy to aristocracy has been noticed.  

The nation of ship-owners

No nation has ever been so much successful in maritime industry as this nation. Today 95 % goods are carried through ships and shipping magnate from this nation owns 23% of the world bulk carriers.

95% of merchant goods are carried through ships

The fleet belonging to wealthy of this nation is valued at 105 billion dollars, according to vesselvalues.com. The combined value of global fleet of vessels is 680.4 billion dollars. Hence the maritime nation owns 15.43% worth of global fleet. 

The maritime nation is no other than Greek, who have been fighting severe debt crisis since 2009. Severe Government debt crisis has caused many Greeks to lose their jobs. The unemployment rate is as high as 25.40% for February 2015. But the families involved in shipping business are spending as if there were no crisis.

Ship owning business is part of Greek culture. Owing to mountainous landscape, limited availability of farming land and extended coastline, Greek, at an earlier stage, turned to maritime business. Furthermore Greece, being situated at crossroads of ancient sea lanes in eastern Mediterranean and proximity of other advanced civilizations helped Greek succeed in this business. New evidence suggest that since ancient times wine, oil and honey were traded, as well as fruit, fish, meat and resin by Greek ship owners.

The majority of these maritime companies are run by families with a long tradition in shipping.

There are 800-900 families involved in this business, leading among them are Onassis, Niarchos, Evgenidis, Latsis, Lemos, Laskaridis, Pateras, and Tsakos families.

Today constitutional protection related to taxation provided to ship owners and geographical factors led the ship-owning families to live like landed aristocrats of medieval times. Like aristocratic families ship-owning families have their own family culture, and a thrust to protect their status in Greek society. These families often inter-marry thus multiplying power and wealth of these families.

These 800-900 families, involved in Ship-owning business, own slightly more than 4000 vessels.  Hence per family average ownership comes to 4.7 vessels. Families in Greece along with Spain and Italy are more cohesive than many other European counterparts. Hence the help and support from family is also an important factor in the success of Greece's maritime business.

These rich families, although are accused of not doing enough for Greece; especially during the time of crisis, are also involved in philanthropy. Foundations bearing the names of the rich maritime families like Onassis foundation are highly involved in charity.

Indian Silicon Valley

San Jose; California, is nick named silicon valley, owing to presence of large number of technology companies in this city.

Now the term Silicon Valley has become so popular that any area having sizeable number of technology firms is known as Silicon Valley.  Bangalore, India is one of these cities famously dubbed as Indian Silicon Valley. It is home to as many as 900 IT firms.

The Indian Silicon Valley Bangalore has increased in size to more or less the same size as that of San Jose, The American Silicon Valley. The estimated GDP of the city during 2007 was 83 billion us dollars.

The rise of Bangalore as IT city is attributed to various factors.

First of all its location helped it to be the hub for defense technology and supply companies. As it was situated away from Pakistan and China, Indian planners considered it to be suitable for locating strategic industries. Hence they located important defense equipment manufacturing factories in Bangalore.  For example The Hindustan Aeronautics Limited (HAL) headquarters is based in Bangalore, and is responsible for research and development activities needed to develop indigenous fighter aircraft for the Indian Air Force. Other such companies which were homed in Bangalore were HAL, DRDO, BHEL, and ISRO.

Owing to these strategic industries and defense manufacturers skilled engineers were in high demand in this city. Engineers from neighboring regions shifted to Bangalore. Later on these highly skilled engineers supported the growth of IT. In other words the growth in IT was a direct result of external economies of scale generated by the defense equipment manufacturers.

Another reason was boom in engineering colleges in Karnataka.

Boost came from the liberalization policies adopted by the Government is also one of these factors which established Bangalore as IT capital of India. In 1991, Government actively pursued the liberalization of the economy. This provided the best environment for start ups.

High speed internet was another reason as Bangalore was technology intensive city hence Bangalore was first city to be connected to internet. The Internet boom along with economic liberalization of 90’s provided double boom to IT industry of Bangalore.  

Special Economic Zone (SEZ)   Karnataka was among the first to setup tax free zones to support technology companies. This further encouraged ICT companies to set their businesses in Bangalore.

Low crime rate and great weather Compared to other metropolitan and bigger Indian cities, Bangalore has relatively low crime rate. Weather of the city is also pleasant almost throughout the year. This encouraged entrepreneurs to move to Bangalore.

The rise of Indian information technology has created many millionaires in this city. Now the city is the third largest hub for high-net-worth individuals. The city can boost over 10,000-dollar millionaires and about 60,000 super-rich people who have an investable surplus of US$714,299 and US$79,400 respectively.

These Information Technology firms located in the city contributed 33% of India’s 23 billion dollars IT exports in 2006-07.

The dark side of Bangalore growth

The growth of IT has presented the city with unique challenges. The encouragement of high-tech industry in Bangalore, for example, has not favored local employment development, rather it forced out small enterprise. The state Government has also resisted the massive investments, required by Cities’ IT moguls, to reverse the rapid decline in intra-city transport which has already begun to drive new and expanding businesses to other centers across India.

Cybersecurity Billionaire Ashar Aziz Butt

Ashar Aziz Butt is founder, CTO and chief strategy officer of cybersecurity firm, FireEye. FireEye provides companies with technology and services to protect them against malwares and cyber attacks.
For a short duration Ashar Aziz, being the largest individual shareholder of the company became cybersecurity billionaire. He is the son of Asghar Butt, renowned Editor of the leading daily ‘The Nation’ and a former Pakistani bureaucrat.

Aziz's previous venture was Terraspring, which was later acquired by sun microsystem, a company where Aziz  worked for 12 years. Today Aziz is one of the top experts in internet and computer security. He is the original inventor of the set of technologies used by FireEye.
Owing to his holding in the cybersecrity giant, his net worth in the month of march 2014 jumped slightly more than a billion us dollars, as the share of his company hit 96$. His billionaire status was quickly taken away by a fall in the share price. Recently his company's share lost considerable value. His company's share is currently valued at 27.53$. This makes his net worth at 269.548 million dollars. At present he holds 9,791,096 shares of FireEye Inc.
 His company has acquired another company nPulse Technologies. In January the company acquired Mandiant, a cybersecurity firm based in Alexandria, for $1 billion.
Aziz holds Bachelor's degree in electrical engineering from Massachusetts Institute of Technology and Master's in computer science from University of California, Berkeley. He has one brother named Dr. Ahmer Aziz Butt.

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

List of some hotel magnates

There are many people who achieved remarkable success in hotel industry and made a fortune out of this industry. Below is the list of some wealthy hotel moguls. Some of them founded hotel chains, some invested in hotels and other inherited hotel empires.
 The list is not in any specific order.

1. Prince Karim Aga Khan. is involved in many businesses including hotel chains, horse racing and breeding operation. Prince Khan has a net worth of $800 million estimated by Forbes magazine in 2010. His holding includes Serena hotels chain, through AKFED.
2. Prithvi Raj Singh Oberoi runs Oberoi group which owns and manages chain of luxury hotels called Oberoi Hotels & Resorts. Pirthvi is the  son of  Mohan Singh Oberoi, founder of Oberoi hotels chain. His net worth, as of October 2012, estimated  by Forbes is $460 million.
3. Sheldon Adelson owns Las Vegas Sands, which operates hotels and resorts around the globe. according to his profile on Forbes magazine he has net worth of $26.5 billion.  
4. William Hilton owns international hotel chain of Hilton hotels. he has a net worth of $2.5 billion.
5. Donald Trump is Chairman and president of The trump organization and founder of trump entertainment resorts. his worth is $3.2 billion in 2013.
6. Mohamed Bin Issa Al Jaber is a Saudi billionaire who owns and invests in hotels through his company JJW Hotels & Resorts.Forbes has put his net worth for the year 2013 at $7 billion.
7. Barbara Carlson Gage  is worth $4.1 billion and owns Carlson inc. along with her sister Marilyn Carlson.
8. Marilyn Carlson Nelson is a co-owner of Carlson Inc. along with her sister Barbara Carlson 
9. Karen Pritzker is a member of Pritzker family, well known for ownership of Hyatt hotel chain and Marmon Group of companies. She has a net worth of $3.2 billion.
10. Anthony Pritzker has a net worth of 3 billion US dollars. He is one of the son of billionaire Donald Pritzker and inherited Hyatt hotel empire.
11. Jay Robert Pritzker is another child of Donald Pritzker. Estimate of his fortune is $3 billion.
12. Kar Po Law 
13. Thomas Pritzker  is another of Pritzker family and Forbes magazine has put his worth as $2.3 billion 
14. Richard Marriott is a billionaire who owns $2 billion. he runs Host Hotels.
15. John Pritzker is another member of wealthy Pritzker family and is co-founder of Commune Hotels & resorts. 
16. Penny Pritzker is another Pritzker family member and has $1.85 billion. She is famous for her political role during election compaign. Presently she is Secretary of Commerce in Obama's cabinet. 
17. Bill Marriott has a net worth of $1.75 billion.He stepped down as CEO of Marriott.
18. Elaine Wynn
19. Linda Pritzker is a heir to Hyatt hotel fortune and is worth $1.65 billion.
20. Dinshaw Avari  is a Pakistani parsi tycoon from Karachi. He along with his family owns and operates Avari hotels. His net worth is estimated to be $410 million according to rich list 2013.
21. Sadruddin Hashwani is a billionaire tycoon from Pakistan. He is the chairman of Hashoo Group which owns Marriott and Pearl Continental hotels in Pakistan. Marriott Islamabad is the first hotel to get Marriott franchise. His net worth in 2010 was estimated to be $1.1 billion.

Related Links
hotel and resort industry

Pritzker family

Prince Karim Aga Khan.

Forbes list

Sadruddin Hashwani

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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Wikipedia

jang
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.

Related Links

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money matters jang

Increase in salaries and allowances of top judges.

President Zardari has approved 20 percent increase in the salaries and judicial allowances of superior court’s judges. This approval was given on the advice of prime minister.

According to the presidential order the monthly salary of chief justice has been increased from Rs. 448221 to Rs. 537865. Previously cumulative monthly salary and allowances of Chief Justice was Rs. 724321 apart from other perks and privileges.

According to the details produced in senate previous year, Chief Justice also gets a chauffeur-driven car with 600 liters petrol monthly, free medical treatment for his family, rent free accommodation which is maintained by the Government and provisions to electricity, gas and water.

Salary of the other judges of the apex court has been increased from Rs. 423414 to Rs. 508097.

Increase in the judicial allowance of the apex court’s judges has also been ordered. The judicial allowance of the judges of the apex courts has been increased from 196219 to rupees 235463.

The chief justice of all high courts will receive 498509 rupees which was previously 425426 rupees. The salaries of other judges of the high courts will be increased from 399447 to 479336 along with judicial allowance increased to rupees 188370 rupees.

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) 

Related Link
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moheen qureshi
arif naqvi
indus basin holding
sardar sherazam mazari

How much do Pakistani cricketers earn?

According to Najam Sethi, former chairman Pakistan Cricket Board, the board has earned 800 million rupees profit for year ended 30 june, 2014.

But salaries and bonuses of cricketers is nowhere near to what board has earned.

Salaries and match fees according to categories is shown in following table.

Category	Salary per month (PK RUPEE)	Test match fees ( PK RUPEE)	ODI fees (PK RUPEE)	Twenty twenty fees (PK RUPEE)
A	449,218	400,000	300,000	125,000
B	314,452
C	179,687
D	89,843

Category A include Misbah Ul Haq, Muhammad Hafeez, Saeed Ajmal, Shahid Afridi, and Junaid Khan..

Category B includes Younus Khan, Ahmed Shehzad, Umar Akmal, and Umar Gul.

Category C includes Asad Shafiq, Azhar Ali, Adnan Akmal, Khurram Manzoor, Nasir Jamshaid, and Abdul Rehman.

Category D included Sohail Maqsood, Sarfaraz Ahmed, Bilawal Bhatti, Sharjeel Khan, Zulfiqar Babar, Fawad Alam, Ehsan Adil, Mohammad Irfan, Wahab Riaz, Raza Hassan, Umar Amin, Harris Sohail, Rahat Ali, Shaan Masood, Mohammad Talha, and Anwar Ali.

Earlier Shoaib Akhtar said “I was an elite star, still after playing for 14 years; I only made seven to eight crore rupees.” 

"I made seven to eight crore rupees" Shoaib Akhtar

Seven crore rupees translate to 750000 US dollars approximately. This is a small amount when compared with what cricketer from other countries earn. According to the report, which compared the earnings of cricketers from different countries, Pakistani cricketers earn amount roughly equal to UK average wage. According to this report published during 2010 central contract earnings of Pakistani players at that time was 22500£ per annum, per player. The trend around the globe has been changed players are now paid a percentage of board’s annual earning.

Pakistan cricket board should not only take care of international cricketer but also should pay attention to domestic cricketer players. Although Pakistan premiere league can prove to be a ray of hope for these players as well as many aspirant cricketers.


related links

comparison of cricketers' earning.

Shoaib Akhtar on earnings.