Mian Mansha: building a business empire amid social and political turmoil

The recent turbulence at the heart of Pakistan’s political machine raised significant but nuanced questions for Mian Mansha. The two individuals publicly responsible for ousting Pervez Musharraf as president – former premier Nawaz Sharif, and Asif Ali Zardari, the current president and widower of the late prime minister Benazir Bhutto – are also prominent members of the country’s rich list. Zardari, second in the rankings, is worth an estimated $1.8 billion, while Sharif, ousted as premier in 1999 by Musharraf, is worth $1.4 billion (but possibly as much as five times that tally), largely thanks to his shareholding in the Lahore-based Ittefaq Group, founded by Sharif’s father, Muhammad.

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Mian Mansha: building a business empire amid social and political turmoil

Both politicians have played, and continue to play, key roles in Mansha’s life. Sharif, in the first of his three stints as prime minister, between 1990 and 1993, was responsible for privatizing MCB. Under his watch, the bank was sold to a consortium comprising Mansha and several Chinioti families including the Din Group, run by SM Muneer, vice-chairman at MCB.

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