ASSOCIATED PRESS SERVICE
KARACHI — Mian Mohammad Mansha, the owner of Muslim Commercial Bank as well as 40 other business houses in and outside the country, is the richest man in Pakistan, ahead of Pakistan People’s Party (PPP) Co-chairman Asif Ali Zardari, according to reports appearing in the local Press.
According to the reports, Mansha, who made his modest beginning in early 1960s, has assets worth $2.5 billion as against Asif Zardari whose wealth is valued at around $1.8 billion. Zardari’s income mainly comes from five sugar mills, real estate in England, the United States, the Middle East and Far East.
Ranked third is an England-based businessman of Pakistani origin, Sir Anwar Pervez, who has assets estimated at $1.5 billion. He owns Bestway Group besides having interest in banking and real estate.
Two-time prime minister and leader of his own faction of Pakistan Muslim League Nawaz Sharif and his brother Shahbaz Sharif are ranked fourth having accumulated wealth estimated to be $1.4 billion.
Hotel magnet Sadruddin Hashwani is placed fifth, Nasir Hussain of Schon Group sixth, Haji Abdul Razzaq of ARY Gold seventh, Rafiq Habib and Rasheed Habib eight, Tariq and Nasim Saigal ninth and Dewan Farooq at tenth.
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