{{short description|Pakistani business conglomerate}} {{Use Pakistani English|date=November 2017}} {{Use dmy dates|date=November 2017}} {{Infobox company | name = Hashoo Group | logo = Hashoo Group logo.png | type = Corporate group | industry = | founded = {{Start date and age|1960}} | founder = | defunct = <!-- {{End date|YYYY|MM|DD}} --> | hq_location_city = Islamabad | hq_location_country = Pakistan | area_served = <!-- or: | areas_served = --> | key_people = Sadruddin Hashwani (chairman) | products = | owner = <!-- or: | owners = --> | num_employees = | num_employees_year = <!-- Year of num_employees data (if known) --> | parent = | subsid = | assets = {{increase}} {{USD|3.8 billion}} (2021) | website = {{URL|hashoogroup.com}} }} '''Hashoo Group''' ({{IPA|ur|hɑːˈʃuː}} {{respell|hah-SHOO}}) is a group of companies headquartered in Islamabad. It is active in hospitality, oil and gas sectors. It was founded in 1960.<ref name=Bloomberg>[https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=22515046 Company Overview of Hashoo Group of Companies on Bloomberg.com website] Retrieved 9 November 2017</ref>

==History== Hashoo Group was established in 1960 as ''Hassan Ali & Company'', a commodities trading company based in Karachi 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 established Holiday Inn Hotel in Karachi, and then another one in Islamabad in 1981. Both of the hotels were converted into Marriott 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 across Pakistan, the hotels were re-branded into Pearl-Continental Hotels.<ref>{{Cite web|url=http://www.psl.com.pk/news/Profile%20of%20Contestants.pdf|title=PROFILES OF CONTESTANTS OF DIRECTORS’ ELECTION|last=|first=|date=|website=|publisher=|access-date=9 November 2017}}</ref>

In 1995, Hashoo acquired the US-based corporation Occidental Petroleum's Pakistan operations (now known as Orient Petroleum Inc.).

In 2001, Hashoo acquired the ''Destinations of the World'' franchise in Pakistan. In 2012, the group launched Hotel One, a mid-range hotel chain in Pakistan.<ref name=Tribune>{{Cite news|url=http://tribune.com.pk/story/417667/hospitality-tourism-hashoo-group-seeks-to-expand-budget-hotel-chain/|title=Hospitality & tourism: Hashoo Group seeks to expand budget hotel chain - The Express Tribune (newspaper)|date=5 August 2012|language=en-US|access-date=8 November 2017}}</ref>

In 2008, Hashoo Group founded a budget hotel chain called Hotel One which operates on the franchising model.<ref>{{Cite web|url=https://tribune.com.pk/story/417667/hospitality-tourism-hashoo-group-seeks-to-expand-budget-hotel-chain|title=Hospitality & tourism: Hashoo Group seeks to expand budget hotel chain|date=5 August 2012|website=The Express Tribune}}</ref>

In October 2013, Tullow Pakistan exited the Pakistani market and sold its assets to Ocean Pakistan Limited, a subsidiary of the Hashoo Group.<ref>{{Cite web|url=https://www.dawn.com/news/1050939|title=Tullow sells assets to quit Pakistan|first=Kalbe|last=Ali|date=22 October 2013|website=DAWN.COM}}</ref>

In March 2016, BHP Billiton sold its Pakistani oil and gas operations to Hashoo Group.<ref>{{Cite web|url=http://tribune.com.pk/story/1057350/pakistan-assets-hashoo-group-acquires-bhp-billitons-operations|title=Hashoo Group acquires BHP Billiton’s operations|date=1 March 2016|website=The Express Tribune}}</ref>

== Companies == === Tours and travels === [[File:Pearl Continental Hotel, Karachi.jpg|thumb|The Pearl Continental Hotel in Karachi]] * Pearl Tour & Travels * Trans Air Travels * Destinations of the World - Pakistan * Marriott Hotels, Pakistan<ref name=Tribune/> * Pearl-Continental Hotels & Resorts with locations in all major cities of Pakistan<ref name=Tribune/> * Hotel One by PC<ref>{{Cite web|url=https://profit.pakistantoday.com.pk/2020/09/05/pakistan-is-undergoing-a-budget-hotel-revolution-kind-of/|title=Pakistan is undergoing a budget hotel revolution. Kind of.|first=Ariba|last=Shahid|date=5 September 2020|website=Profit by Pakistan Today}}</ref>

=== Information technology === * Net-21 (Pvt) Limited<ref name=Bloomberg/>

=== Oil and gas === * Ocean Pakistan Limited<ref name=Bloomberg/> * Zaaver Petroleum Corporation Limited<ref name=Bloomberg/> * OPI Gas (Pvt) Limited<ref name=Bloomberg/>

=== Minerals === * Zaver Chemicals (Pvt) Limited<ref name=Bloomberg/> * Zaver Mining Company Limited<ref name=Bloomberg/> * Zaver Oils Limited<ref name=Bloomberg/>

=== Pharmaceuticals=== * Gelcaps (Pakistan) Ltd.<ref name=Bloomberg/>

=== Ceramics === * Pearl Ceramics (Previously known as Cera-e-Noor)<ref name=Bloomberg/>

=== Investments === * Pakistan Services Limited (PSL) operating Pearl Continental Hotel chain of 6 hotels in Pakistan<ref name=Tribune1>[https://tribune.com.pk/story/743600/armed-with-hope-hashoo-group-looks-to-expand/ Armed with hope, Hashoo Group looks to expand] The Express Tribune (newspaper), Published 3 August 2014, Retrieved 9 November 2017</ref> * Hashwani Sales & Services (Pvt) Limited

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

=== Welfare === * Hashoo Foundation

==See also == *List of largest companies in Pakistan

== References == {{Reflist}}

== External links == * {{official website|http://www.hashoogroup.com}}

{{DEFAULTSORT:Hashoo Group}} Category:Conglomerate companies established in 1960 Category:Conglomerate companies of Pakistan Category:Companies based in Islamabad Category:Pakistani companies established in 1960