Nukta Business Exclusive: The Fall of Hashwani’s Pearl Continental (PC) Empire
Pakistan’s largest 5-star hotel chain is officially splitting. The iconic Pearl-Continental (PC) Hotels, managed for over four decades by Sadruddin Hashwani and the Hashoo Group, is undergoing a massive transformation following a high-stakes corporate power struggle.
In this Nukta exclusive deep dive, we unpack the behind-the-scenes legal battle involving Pakistan Services Limited (PSL), AKD Group, Dawood Jan Muhammad, and Thatta Cement (THCCL).
From a PKR 3.6 billion financing agreement to a controversial share repurchase agreement and collateral shares, an Islamabad High Court (IHC) legal battle and its impact on the stock prices of the companies involved on the Pakistan Stock Exchange (PSX), discover how a 56% controlling stake changed hands and led to the ultimate restructuring of the Hashwani Empire.
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Pakistan may agar koi ghareeb ho tab b log tashreef pay lat martay our agar koi Billioner ho tab be ye chor Qatil Pouji nahi chortay
Fooj koo tum loogg gaaliyaan kiyoon daay rahaay hooo??😢😢
Thatra cement yani k …aap samjh gai hain
That's why nobody invests in Pakistan. And Pakistan will never become a developed country
Hashoo group bought PC Hotels from the government of Pakistan just for 13 coror rupess and later on Zia Government right off their loans which they borrowed from the government bank 😢😂😂😂😂😂
Yeh kehte hain hum border per hotay hain to log sotay hain. Yeh hain woh jin ki patloon dhaka mein lagi hain.
once a legend Ustad Daman said
پاکستان وچ موجاں ای موجاں
جدھر ویکھو فوجاں ای فوجاں
ab samjh aati hai Allah ne mot kun rakhi hai agar ye na hoty to insan kya karta ?
I got married at pc Karachi and my sister's wedding venue was also pc Karachi. I have wonderful memories with my mother father and siblings at pc Karachi on weekends with dinner and music / old classics and ghazals at Marco polo . . They gave us a complimentary 25 guests dinner at pc Karachi Chandni lounge because of my wedding at pc. A room for the bride where she could go directly from the beauty parlour. Ami Abu gone siblings now out of Karachi forever but the beautiful memories will always live in our hearts. Not only pc Karachi but even the high way dhaaba daal and garam naaan
Foji foundation is East India company
Big mafia Fuji foundation 😂😂😂😂😂😂😂😂😂😂😂😂
Something doesnt make sense here, 3.8 billion pkr is like chump change for hashwani group and they put their shares up for collateral for such an amount ?? Daal main kuch kala hai bhai…😂
Koi galat nehi hai.
Puri duniya mein Business mein yehi hota hai.
Microsoft, Amazon aur dosri companies ki bhi dekh lein.
Ek zardari sub pe bhari
the owners of Thatta Cement are purely industrialists, and they don't belong to any political group.
Fauji foundation 😅
Zardari wanted it since always. Zardari got it.
Very sad 😢
بوٹوں بندوقوں والے سب اداروں پر قبضے کرگئے ہیں
Thatta Cement na 28% Shares kis se purchase kia tha ?
Nice informatiom .
No waste of time..
Get straight to the point without sensationalizing the facts. Sadruddin Hashwani used bribery to acquire the Pearl-Continental Hotel, but later lost it through similar corruption. The feud between Hashwani and Zardari started after Hashwani banned Zardari from the hotel. Ultimately, systemic corruption in Pakistan continues to drag down its major companies.
Banana Republic of Faujistan. 🇵🇰
D i m a k, mafia,, Danali fitne " 2 nmbri Badmashia 😢
Zordari is behind
NO ONE CAN RUN PC HOTEL LIKE SARADIN HASHWANI
Thatta Cement is owned by the influential politician and businessman, Mian Muhammad Nawaz Sharif.
In ka pait na barhay ga na phatay ga.
If business tycoons aren't safe in this county, socho yeh hamara kiya haal karain gain!!
ہر عروج کو ایک دن زوال ہے، رہے نام اللّہ پاک کا
Banana republic now thanks to F.A. pass.
😢😢 ۔
Sab army ka hy bhai
Gernalistan
What are they doing to Mirpur PC hotel which has been left incomplete during this saga
Very good sir
Nationalisation ka naya tariqa
Iss Mulk ko Sambhal kr bhi, hamari Army he baithi hy, Apni jaanein bhi Deheshatgerdi ka muqabela krtey Huey, yh Army he daiti hy, Kon hy Jo Inky ilawa , apni jaanon ka nazrana paish krta hy? Koi hy kia? N , Hamari Army ke he waja sy, Hamarey Mulk ke izzat hy Dunya mein, Army Hamarey Mulk ke guarantee hy, Na k koi aur civilian hy,? Army na Hoti to, khanzir Qoumein, Yahood o Nasaara, n Mushrakeen e India, Hamarey Mulk ko Khaa jatein, . Apny Mulk ke izzat krna seekhein, Iski Qader krein, Nashkrey na banein, Jo log Azaad Mulkon mein nahi rehtey hain, Inka haal daikha hy na , k kia hota hy? Lehaza Allah ke Naimaton ka shukar ada krein, Hr haal mein. Allah hum sbko Hidayat Ata fermaaey, Aameen.
Zara isss bat or, Sachy Dil sy ghour krna, sirf pti hue party Waly na bano, Pakistani bano.
Urooj o Zawaal Zindagi ka hissa hain, Wesey bhi, after every 30/40 years , World mein Allah Transformation krta hy, to yh sbb usi Rabb ka banaya hua hisaab hy, koi kia kr Sakta hy, lehaza , Saber n Shuker krna seekhein. Jo Hota hy, Wo sirf Allah k Hukam sy hota hy.
Zar is architect of Pakistan destruction. One day, will be Gorbachove of Pakistan. Fauji Foundation acquired shares according to a wilful agreement with Hashwanis.
Imagine how the HASHWANIS feel rightnow 😢😢 itni mehnat , itni dedication and generations dedicated to their business 😢 then suddenly the faujis eye your business and boom everything is gone 😢
Good narrative keep going 👍👏🏽👌