Hashoo Group
Corporate brand
UnclaimedA Pakistani diversified business group active in hospitality, oil and gas, tourism, and related industries.
Last updated August 24, 2026
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Overview
Hashoo Group is a Pakistani diversified business group headquartered in Islamabad. Its principal areas of activity include hospitality, oil and gas, tourism and travel, minerals, pharmaceuticals, ceramics, information technology, trading, and social welfare. The group is best known for its hotel businesses, particularly Pearl-Continental Hotels & Resorts, its association with Marriott-branded hotels in Pakistan, and Hotel One, a mid-market hotel chain operated through a franchising model. The organization began in 1960 as Hassan Ali & Company, a commodities trading business based at Karachi Port. During the 1960s and early 1970s, trading was its central activity, and by the 1970s the company had become one of Pakistan's substantial trading businesses. A major change in the operating environment came in 1972, when the Government of Pakistan nationalized cotton and rice exports. The group responded by diversifying away from its original commodities focus and entering hospitality. Hashoo's early hotel expansion included Holiday Inn properties in Karachi in 1978 and Islamabad in 1981. Those hotels were subsequently converted to the Marriott brand during the 1990s. In 1985, the group acquired a majority stake in Pakistan Services Limited, a company that owned four Inter-Continental hotels in Pakistan. The properties were later rebranded as Pearl-Continental Hotels, establishing one of the group's most recognizable businesses and creating a nationwide hospitality platform. The group later broadened its energy interests. In 1995, it acquired Occidental Petroleum's Pakistan operations, which became associated with Orient Petroleum Inc. In October 2013, Ocean Pakistan Limited, a Hashoo Group subsidiary, acquired the Pakistan assets of Tullow Pakistan after Tullow exited the country. In March 2016, Hashoo acquired BHP Billiton's Pakistani oil and gas operations. These transactions expanded the group's upstream energy portfolio alongside its hotel and tourism businesses. Hashoo's tourism interests include Pearl Tour & Travels, Trans Air Travels, and the Pakistan franchise of Destinations of the World. The group also operates or represents several hotel platforms, including Marriott Hotels in Pakistan, Pearl-Continental Hotels & Resorts, and Hotel One by PC. Other businesses identified with the group include Net-21 in information technology; Ocean Pakistan, Zaaver Petroleum, and OPI Gas in energy; Zaver Chemicals, Zaver Mining, and Zaver Oils in minerals and related activities; Gelcaps Pakistan in pharmaceuticals; Pearl Ceramics in ceramics; and several trading and investment companies. The group also maintains a welfare and social-development arm, Hashoo Foundation. Because Hashoo Group is a privately controlled diversified group and detailed consolidated public disclosures are limited, its precise ownership structure, current executive roster, financial scale, and the current operating status of every subsidiary cannot be established from the available reference material.
History
Hashoo Group traces its origins to 1960, when it was established as Hassan Ali & Company, a commodities trading enterprise based at Karachi Port. The company initially focused on trading and exporting commodities. By the 1970s, it had become one of Pakistan's larger trading businesses. Its original model was disrupted in 1972 when the Government of Pakistan nationalized cotton and rice exports. Rather than remain dependent on a restricted commodities sector, the group diversified into hospitality. The first major hospitality step came in 1978 with the opening of a Holiday Inn hotel in Karachi. A second Holiday Inn followed in Islamabad in 1981. Both properties were later converted to the Marriott brand during the 1990s, giving Hashoo an important presence in Pakistan's internationally branded hotel market. In 1985, Hashoo made a successful bid for majority ownership of Pakistan Services Limited. That company owned four Inter-Continental hotels across Pakistan. Under Hashoo's ownership, the properties were rebranded as Pearl-Continental Hotels, forming the basis of the group's signature domestic hotel chain. The transaction shifted the group from operating individual hotels to managing a broader national hospitality platform. Hashoo subsequently expanded into petroleum and natural resources. In 1995, it acquired the Pakistan operations of United States-based Occidental Petroleum. Those activities later became associated with Orient Petroleum Inc. The group added further energy assets in the 2010s. In October 2013, Ocean Pakistan Limited, a Hashoo subsidiary, purchased the Pakistani assets of Tullow Pakistan after Tullow withdrew from the country. In March 2016, Hashoo acquired BHP Billiton's Pakistani oil and gas operations. Hospitality remained the group's most visible business. Its portfolio and associated companies include Marriott Hotels in Pakistan, Pearl-Continental Hotels & Resorts, and Hotel One by PC. The latter is positioned as a more accessible hotel chain and operates through franchising. The reference material gives both 2008 and 2012 in connection with Hotel One: 2008 is described as the founding of the budget chain, while 2012 is described as its launch. The exact distinction between establishment and commercial launch is therefore unclear. The group's tourism businesses include Pearl Tour & Travels, Trans Air Travels, and Destinations of the World Pakistan. Beyond hospitality and energy, Hashoo's listed interests include Net-21 in information technology; Zaaver Petroleum and OPI Gas; Zaver Chemicals, Zaver Mining, and Zaver Oils; Gelcaps Pakistan in pharmaceuticals; Pearl Ceramics, formerly Cera-e-Noor; and several trading and investment companies. Hashoo Foundation represents the group's welfare and social-development activities. Hashoo Group is headquartered in Islamabad and remains an active Pakistani business group. Publicly available reference material does not provide a reliable current list of executives, detailed consolidated financial statements, or a definitive account of the present status of every subsidiary. It is therefore best understood as a privately controlled diversified group whose most clearly documented platforms are hospitality and oil and gas.
- 2016
Acquisition of BHP Billiton Pakistan operations
[1]Hashoo acquired BHP Billiton's Pakistani oil and gas operations.
- 2013
Acquisition of Tullow Pakistan assets
[1]Ocean Pakistan Limited acquired Tullow Pakistan's assets after Tullow exited the Pakistani market.
- 2008
Hotel One established
[1]Reference material identifies 2008 as the year in which Hashoo founded its budget-oriented Hotel One chain.
- 2001
Pakistan travel franchise expansion
[1]The group acquired the Destinations of the World franchise for Pakistan.
- 1995
Entry into Occidental Petroleum's Pakistan operations
[1]Hashoo acquired Occidental Petroleum's Pakistan operations, later associated with Orient Petroleum Inc.
- 1985
Pakistan Services Limited acquisition
[1]Hashoo acquired a majority stake in Pakistan Services Limited and later rebranded its Inter-Continental hotels as Pearl-Continental properties.
- 1981
Islamabad hotel expansion
[1]A second Holiday Inn property was established in Islamabad.
- 1978
First Holiday Inn hotel
[1]Hashoo established a Holiday Inn hotel in Karachi.
- 1972
Diversification after export nationalization
[1]The nationalization of cotton and rice exports encouraged the group to diversify from commodities into hospitality.
- 1960
Formation as Hassan Ali & Company
[1]Hashoo Group began as Hassan Ali & Company, a commodities trading business based at Karachi Port.
Products and positioning
A Pakistani diversified conglomerate with a strong hospitality identity, combining premium and mid-market hotels with energy, tourism, trading, and other industrial interests.
Hospitality · 1985
Pearl-Continental Hotels & Resorts
Pearl-Continental is Hashoo Group's principal domestic hotel brand. It developed from the group's 1985 acquisition of Pakistan Services Limited, which owned four Inter-Continental hotels. Those properties were subsequently rebranded under the Pearl-Continental name. The chain is associated with full-service hotels in major Pakistani cities and represents the group's premium hospitality platform.
Hospitality
Marriott Hotels in Pakistan
Hashoo operates Marriott-branded hotel properties in Pakistan. The business developed from Holiday Inn hotels established by the group in Karachi in 1978 and Islamabad in 1981, which were converted to the Marriott brand during the 1990s. The offering is centered on internationally branded full-service accommodation, business travel, meetings, and related hotel services.
Hospitality
Hotel One by PC
Hotel One is Hashoo's more accessible hotel platform, designed for budget and mid-market travelers in Pakistan. The chain operates through a franchising model and complements the group's higher-end Pearl-Continental and Marriott activities. Reference material identifies 2008 as the founding year and separately describes the chain as launched in 2012, so the precise commercial start date requires verification.
Oil and gas
Ocean Pakistan Limited
Ocean Pakistan Limited is a Hashoo Group subsidiary involved in the group's oil and gas activities. It acquired Tullow Pakistan's Pakistani assets in 2013 after Tullow left the market. The business forms part of Hashoo's upstream energy portfolio alongside other petroleum and gas companies.
Tourism and travel
Tour and travel businesses
Hashoo's tourism portfolio includes Pearl Tour & Travels, Trans Air Travels, and Destinations of the World Pakistan. These businesses extend the group beyond hotel operations into travel arrangements, destination services, and related tourism distribution.
Welfare and social development
Hashoo Foundation
Hashoo Foundation is the group's welfare and social-development arm. The available reference material identifies the foundation as part of the Hashoo Group structure but does not provide sufficient detail here to describe its current programs, geographic reach, or funding.
Brand decisions
2016
Acquisition of BHP Billiton's Pakistani oil and gas operationsM&ABackground
BHP Billiton sold its Pakistani oil and gas operations.
Action taken
Hashoo Group acquired the Pakistani operations in March 2016.
Aftermath
The acquisition further broadened Hashoo's upstream energy assets.
2013
Acquisition of Tullow Pakistan assetsM&ABackground
Tullow Pakistan exited the Pakistani market in October 2013.
Action taken
Ocean Pakistan Limited, a Hashoo subsidiary, acquired Tullow's Pakistani assets.
Aftermath
The transaction expanded Hashoo's position in Pakistan's oil and gas sector.
1995
Acquisition of Occidental Petroleum's Pakistan operationsM&ABackground
Hashoo was expanding beyond hospitality into petroleum and natural resources.
Action taken
The group acquired Occidental Petroleum's operations in Pakistan.
Aftermath
The acquired activities became associated with Orient Petroleum Inc. and strengthened Hashoo's energy presence.
1985
Acquisition of Pakistan Services LimitedM&ABackground
Pakistan Services Limited owned four Inter-Continental hotels in Pakistan.
Action taken
Hashoo acquired a majority shareholding in Pakistan Services Limited.
Aftermath
The hotels were rebranded as Pearl-Continental properties, creating the group's signature hotel chain.
1972
Diversification from commodities into hospitalityStrategyBackground
The government nationalized cotton and rice exports, undermining the group's original commodities-trading focus.
Action taken
Hashoo Group broadened its business activities and entered the hospitality sector.
Aftermath
The move became the foundation for the group's later hotel portfolio and its long-term hospitality identity.
Recent events
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