Hashoo Group is a Pakistani conglomerate company which is active in

hospitality Hospitality is the relationship between a guest and a host, wherein the host receives the guest with some amount of goodwill, including the reception and entertainment of guests, visitors, or strangers. Louis de Jaucourt, Louis, chevalier de J ...

oil and gas A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and combustion, burned as a fuel. The main fossil fuels are coal, petroleum, oil, and natura ...

sectors. It was founded in 1960 by

Saddaruddin Hashwani Sadruddin Hashwani is a Pakistani entrepreneur. He is the founder and chairman of Hashoo Group, a conglomerate best known for Pearl-Continental Hotels & Resorts. Life Born in Karachi, Sind Province (1936–55), Sind Province, British Raj, Brit ...

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...

.Company Overview of Hashoo Group of Companies on Bloomberg.com website
Retrieved 9 November 2017

History

Hashoo Group was established in 1960 as ''Hassan Ali & Company'', a commodities trading company based in

Karachi Port The Port of Karachi ( ur, , ''Bandar gāh Karāchī'') is one of South Asia's largest and busiest deep-water seaports, handling about 60% of the nation's cargo (25 million tons per annum) located in Karachi, Pakistan. It is located on the Kar ...

. 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 established

Holiday Inn Holiday Inn is an American chain of hotels based in Atlanta, Georgia. and a brand of IHG Hotels & Resorts. The chain was founded in 1952 by Kemmons Wilson, who opened the first location in Memphis, Tennessee that year. The chain was a division ...

Hotel in

, and then another one in

Islamabad Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital T ...

in 1981. Both of the hotels were converted into

Marriott Marriott may refer to: People *Marriott (surname) Corporations * Marriott Corporation, founded as Hot Shoppes, Inc. in 1927; split into Marriott International and Host Marriott Corporation in 1993 * Marriott International, international hote ...

brand in the 1990s. In 1985, the group made a successful bid for the majority shares of ''Pakistan Services Limited'', which then owned four

Inter-Continental Hotels Intercontinental is an adjective to describe something which relates to more than one continent. Intercontinental may also refer to: * Intercontinental ballistic missile, a long-range guided ballistic missile * InterContinental Hotels Group (IH ...

across Pakistan, the hotels were re-branded into Pearl-Continental Hotels. In 1995, Hashoo Group acquired the US-based corporation

Occidental Petroleum Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States, and the Middle East as well as petrochemical manufacturing in the ...

's Pakistan operations (now known as Orient Petroleum Inc.). In 2001, it acquired the ''Destinations of the World'' franchise in Pakistan. In 2012, the group launched Hotel One, a mid-range hotel chain in Pakistan. In October 2013, Tullow Pakistan exited the Pakistani market and sold its assets to Ocean Pakistan Limited, a subsidiary of the Hashoo Group. In March 2016, BHP Billiton sold its Pakistani oil and gas operations to Hashoo Group. In 2016, Murtaza Hashwani, Chairman of Hashoo Foundation, and Deputy Chairman of Hashoo Group took the string of the company on his own hand and lead the legacy of his father further. In 2019, Hashoo Group won 3 CSR awards “Best CSR Practices”, “Women Welfare Empowerment & Development”, and “Education & Scholarships” at 11th Corporate Social Responsibility Awards 2019 for the social development works received by Murtaza Hashwani, Deputy Chairman of Hashoo Group.

Companies

Tours and travels

* 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 Marriott International, Inc. is an American multinational company that operates, franchises, and licenses lodging including hotel, residential, and timeshare properties. It is headquartered in Bethesda, Maryland. The company was founded by ...

Pearl-Continental Hotels & Resorts Pakistan Services Limited, doing business as Pearl-Continental Hotels & Resorts (also abbreviated to PC Hotels), is the largest chain of five-star hotels in Pakistan with properties in Karachi, Lahore, Rawalpindi, Peshawar, Gwadar, Bhurban, Muza ...

with locations in all major cities of Pakistan

Information technology

* Net-21 (Pvt) Limited

Oil and gas

* Ocean Pakistan Limited. * Zaaver Petroleum Corporation Limited * OPI Gas (Pvt) Limited

Minerals

* Zaver Chemicals (Pvt) Limited * Zaver Mining Company Limited * Zaver Oils Limited

Pharmaceuticals

* Gelcaps (Pakistan) Ltd.

Ceramics

* Pearl Ceramics (Previously known as Cera-e-Noor)

Investments

* ''Pakistan Services Limited (PSL) operating

Pearl Continental Hotel Pakistan Services Limited, doing business as Pearl-Continental Hotels & Resorts (also abbreviated to PC Hotels), is the largest chain of five-star hotels in Pakistan with properties in Karachi, Lahore, Rawalpindi, Peshawar, Gwadar, Bhurban, Muza ...

chain of 6 hotels in Pakistan - listed on the

Karachi Stock Exchange The Karachi Stock Exchange ( ur, or PSX-KSE) was a stock exchange located in Karachi, Pakistan. Since 1947, it has been located at the Stock Exchange Building on I. I. Chundrigar Road. It has now been consolidated in the Pakistan Stock Exchan ...

Armed with hope, Hashoo Group looks to expand
The Express Tribune (newspaper), Published 3 August 2014, Retrieved 9 November 2017 * Hashwani Sales & Services (Pvt) Limited * Hashoo

Trading companies

* Hashoo International (Pvt) Limited * Hasan Ali & Company (Pvt) Limited * Genesis Trading (Pvt) Limited * Muzaffar and Companies

Welfare

* Hashoo Foundation * Umeed-e-Noor * Scholarship

References

External links

Hashoo Group - Official site

Timeline of Hashoo Group
* http://www.pearltours.com.pk
Documentary on Hashoo Group of Companies on YouTube
{{DEFAULTSORT:Hashoo Group Conglomerate companies established in 1960 Conglomerate companies of Pakistan Companies based in Islamabad Pakistani companies established in 1960