Hashoo Group,also known asHashwani Group,is agroup of companiesheadquartered inKarachi.It is active inhospitality,oil and gassectors. It was founded in 1960.[1]
 | |
| Company type | Corporate group |
|---|---|
| Founded | 1960 |
| Headquarters | , Pakistan |
Key people | Sadruddin Hashwani(chairman) |
| Total assets |  US$3.8 billion(2021) |
| Website | hashoogroup |
History
editHashoo Group was established in 1960 asHassan Ali & Company,a commodities trading company based inKarachi Port.By the 1970s, it had become one of Pakistan's largest trading companies. However, in 1972, the Government of Pakistan nationalized cotton and rice exports leading the Hashoo Group to diversify into the hospitality sector. In 1978, the group establishedHoliday InnHotel inKarachi,and then another one inIslamabadin 1981. Both of the hotels were converted intoMarriottbrand in the 1990s. In 1985, the group made a successful bid for the majority shares ofPakistan Services Limited,which then owned fourInter-Continental Hotelsacross Pakistan, the hotels were re-branded intoPearl-Continental Hotels.[2]
In 1995, Hashoo acquired the US-based corporationOccidental Petroleum's Pakistan operations (now known as Orient Petroleum Inc.).
In 2001, Hashoo acquired theDestinations of the Worldfranchise in Pakistan. In 2012, the group launched Hotel One, a mid-range hotel chain in Pakistan.[3]
In October 2013, Tullow Pakistan exited the Pakistani market and sold its assets to Ocean Pakistan Limited, a subsidiary of the Hashoo Group.[4]
In March 2016, BHP Billiton sold its Pakistani oil and gas operations to Hashoo Group.[5]
Companies
editTours and travels
edit
- Pearl Tour & Travels (Pvt) Limited (car rental division)
- Pearl Tours & Travels (Pvt) Limited(Tours division)
- Trans Air Travels (Pvt) Limited
- Destinations of the World - Pakistan
- Marriott Hotels, Pakistan[3]
- Pearl-Continental Hotels & Resortswith locations in all major cities of Pakistan[3]
- Hotel One by PC[6]
Information technology
edit- Net-21 (Pvt) Limited
Oil and gas
edit- Ocean Pakistan Limited.
- Zaaver Petroleum Corporation Limited
- OPI Gas (Pvt) Limited
Minerals
edit- Zaver Chemicals (Pvt) Limited
- Zaver Mining Company Limited
- Zaver Oils Limited
Pharmaceuticals
edit- Gelcaps (Pakistan) Ltd.
Ceramics
edit- Pearl Ceramics (Previously known as Cera-e-Noor)
Investments
edit- Pakistan Services Limited (PSL) operatingPearl Continental Hotelchain of 6 hotels in Pakistan - listed on theKarachi Stock Exchange[7]
- Hashwani Sales & Services (Pvt) Limited
- Hashoo
Trading companies
edit- Hashoo International (Pvt) Limited
- Hasan Ali & Company (Pvt) Limited
- Genesis Trading (Pvt) Limited
- Muzaffar and Companies
Welfare
edit- Hashoo Foundation
- Umeed-e-Noor
- Scholarship
See also
editReferences
edit- ^abcdefgCompany Overview of Hashoo Group of Companies on Bloomberg websiteRetrieved 9 November 2017
- ^"PROFILES OF CONTESTANTS OF DIRECTORS' ELECTION"(PDF).Retrieved9 November2017.
- ^abc"Hospitality & tourism: Hashoo Group seeks to expand budget hotel chain - The Express Tribune (newspaper)".5 August 2012.Retrieved8 November2017.
- ^Ali, Kalbe (22 October 2013)."Tullow sells assets to quit Pakistan".DAWN.COM.
- ^"Hashoo Group acquires BHP Billiton's operations".The Express Tribune.1 March 2016.
- ^Shahid, Ariba (5 September 2020)."Pakistan is undergoing a budget hotel revolution. Kind of".Profit by Pakistan Today.
- ^Armed with hope, Hashoo Group looks to expandThe Express Tribune (newspaper), Published 3 August 2014, Retrieved 9 November 2017