ISLAMABAD (Kashmir English): Fauji Foundation ranked top among Pakistan’s top conglomerates with a market capitalisation value of $5.90 billion, according to a report published by the Economic Policy and Business Development think tank.
According to the report, other top publicly listed conglomerates include Bestway/UBL Group ($4.51 billion), Yunus Brothers/Lucky Group ($2.59 billion), Nishat Group/MCB ($2.39 billion), Engro Holdings ($2.39 billion), Meezan Bank ($2.38bn), Arif Habib Group ($1.57 billion), Aga Khan Fund and HBL ($1.56 billion), Attock Group ($1.35 billion), and British American Tobacco Pakistan ($1.24 billion).
The think tank also released a list of the richest Pakistani individuals and families holding multi-billion-dollar investments in the country.
It placed Bestway Group founder Sir Anwar Pervez in first place with total investments of $3.62 billion, followed by Fauji Foundation with investments of $2.25 billion.
In third place is Tabeer Group at $1.88 billion, Pakistan Tobacco Company ranks fourth with $1.18 billion, and Mir Shakilur Rahman’s Ibrahim Group at fifth with investments totaling $1 billion.
Other notable groups include Aga Khan Group ($95.4 million), Mian Mansha ($92 million), and Siddiq Babar Ali of the Packages Group ($160 million), showing longstanding and emerging business dynasties.
According to the findings, Pakistan currently has 40 billionaire business families, with 35 of them emerging in the last five decades. Despite evolving market trends, legacy names such as Syed Babar Ali, Habib Rafiq, Hussain Dawood, and the Tariq Saigol Group continue to dominate the country’s billionaire elite.
