Friday, April 17, 2009

Most Richest and Millionaire Person of Pakistan


Mian Muhammad Mansha is the head of the Mansha family and the Chairman of the Nishat Group. He is regarded as one of the richest men in Pakistan, with a net worth somewhere between USD $4-5 Billion. Born in Lahore to a wealthy Chinioti family, he enjoyed an early business education as part of one of Pakistan's most prominent industrialist families. He formally joined the family business after his studies in the UK.
Mansha, who owns the Muslim Commercial Bank as well, is now setting up a billion rupee ($ 17 m) paper sack project too. He is one of the richest Pakistanis around. Nishat Group was country’s 15th richest family in 1970, 6th in 1990 and Number 1 in 1997. Mansha is on the board of nearly 50 companies. Chinioti by clan, Mansha is married to Yousaf Saigol’s daughter. He is deemed to have made investments in many bourses, currency and metal exchanges both within and outside Pakistan. He has had his share of luck on many occasions in life and has recently been awarded Pakistan’s highest civil award by President Musharaf. He could have bought the United Bank too, but then who doesn’t have adversaries. Nishat Group comprises of textiles, cement,leasing, and insurance and management companies. If Mansha was bitten by Bhutto’s nationalization stint of 1970, his friends think he was compensated by Nawaz Sharif’s denationalization program to a very good effect. There is no stopping Mansha and he is still on the move!

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