Mr Shahzada’s father Hussain Dawood is regularly listed among Pakistan’s richest men. Read more at straitstimes.com.
in the North Atlantic, their family said on Tuesday.
Mr Shahzada Dawood – the vice-chairman of Karachi headquartered conglomerate Engro – and his son Suleman were aboard the vessel, which is equipped with only 96 hours of oxygen supply, a family statement said. “A rescue effort that is being jointly led by multiple government agencies and deep-sea companies is underway to reestablish contact with the submersible and bring them back safely,” it added.
Engro has an array of investments in energy, agriculture, petrochemicals and telecommunications. At the end of 2022 the firm announced a revenue of 350 billion rupees .
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