Who Owns Pakistan - Yimg

According to group profile, Nishat comprised of five companies with assets worth
Rs 2,480 millions in 1990 with plans for four new companies. Listed comapnies
included Nishat Mills, Omer Fabrics and Raza Textiles while the only unlisted
company was General Stitching company. Mansha had said in interview with
Mahmood Awan that "for long-term investments, he had his eyes set on the food
processing industry" but the privatization of Nawaz Sharif opened new doors for
him and his dream to venture into food processing industry has not materialized
to date. Instead, Mansha, his relativess and business associates emerged as the
biggest beneficiary of the privatization under taken by Nawaz Sharif, ending up
with five cement factories and a bank. Mansha claimed in a talk over telephone
with the author that MCB helped the Employee Buyout of Millat tractors from the
Privatization Commission.
Nishat currently comprises of 21 companies including 13 listed companies with
manufacturing assets of nearly 27 billion and three of Mansha's close relatives,
Saigols, Jehangir Elahi and S M Saleem of United Bank among the top 45
industrial families in Pakistan. Mansha has a daughter and two sons.
Nishat Group Companies
S. No Name Assets Turn over (in Million Rs.)
1 Nishat Mills 9,236 6,748
2 Raza Textiles 302 421
3 Omer Fabrics 854 629
4 Nishat Chunian 910 663
5 Nishat Tek 986 236
6 General Stitiching 78 68
7 D G Khan Cement 7,775 1,547
8 Maple Leaf Cement 6,686 1,030
9 Nishat Fabrics - -
10 Gener Tech 963 225
Financial Assets
S. NO Name Assets
11 Muslim Commercial Bank 163,325
12 Fidelity Investment Bank 1,502
13 Fidelty Leasing 318
Total Financaial Assets 165,145
140