Sadruddin Hashwani Biography

Sadruddin Hashwani is a Pakistani business tycoon, billionaire and author. He is the founder and chairman of Hashoo Group, a conglomerate best known for Pearl-Continental Hotels & Resorts.

Sadruddin Hashwani Founder of Hashoo Group was born on 19th February, 1940 in Karachi, British India and now a part of Pakistan. His father was Mukhi Varas Hussain and he was on the third number from his siblings. He spent a major part of his life which included his childhood, his boyhood and his youth in an area named Lassi at Lea Market, Karachi. He completed his matriculation examination from N. J. V. High School of Karachi in 1956. After completing his matriculation he continued his study and got admission in intermediate, but he was unable to pass in his Inter Science examination which led him to leave the further studies and he went into field of business.

A self-made man, he has built his business empire in very difficult and discouraging circumstances, seemingly stepping from success to success. But it has been a rocky road to the top. He had no ready-made business to step into and no family fortune to fall back on. After failing his Inter Science exam, he joined his brother-in-law in a small grain transporting company in 1958, travelling to the Makran coast and Kalat, often in temperatures below freezing. In trading, he worked 18 hours a day without caring for his health .

Mr. Sadruddin Hashwani serves as Chief Executive Officer of Zaver Petroleum Corporation Ltd. Mr. Hashwani founded Hashoo Group of Companies in 1960 and serves as its Chairman. He served as Chief Executive Officer of Pakistan Services Limited since September 25, 2014 until March 29, 2017. He serves as the Chairman of Pakistan Services Limited. He served as the President of Ocean Pakistan Limited (formerly Orient Petroleum International Inc) and serves as its Chairman. He has been a Director of Jubilee General Insurance Company Limited (formerly, New Jubilee Insurance Co. Ltd.) since November 17, 1979.

In 1978, he launched the Holiday Inn hotel in Islamabad, and in Karachi in 1981. Both of the hotels were converted into Marriott brand in 1990s. In 1985, Hashwani made a successful bid for the majority shares of Pakistan Services Limited, which then owned four Inter-Continental Hotels across Pakistan, the hotels were re-branded as Pearl-Continental Hotels.

In 2014, Hashwani published his best-selling memoir Truth Always Prevails. In May 2011 in a press conference, he expressed his support for Pakistan and its institutions, particularly military and expressed confidence in the abilities of Pakistanis. In April 2016, he and his son, Murtaza Hashwani, were named in the Panama Papers.

Sadruddin Hashwani has become the first businessman to receive the top civilian award: Nishan-e-Imtiaz.

Nishan-e-Imtiaz (Order of Excellence) is the highest honour given to any civilian in Pakistan to recognise their achievements and outstanding services for the country. President of Pakistan Arif Alvi conferred the award upon Hashwani at the Pakistan National Day ceremony on March 23, 2019 at President House in Islamabad.

Hashwani is a billionaire. In 2005, he was named 5th-richest person in Pakistan with net worth of ₨115.8 billion (equivalent to ₨350 billion or US$2.5 billion in 2013). While in 2018 he is estimated to have a net worth of over 10 billion USD with assests valued at over 5 billion USD. For More News Pakistan News