Awards celebrate excellence in Pakistan’s corporate
and industrial sectors, recognizing outstanding
financial performance and governance
Business Reporter
Karachi: The Pakistan Stock Exchange (PSX) has unveiled the winners of the prestigious Top 25 Companies Awards 2023. Established in 1978, these awards celebrate excellence in Pakistan’s corporate and industrial sectors, recognizing outstanding financial performance, governance, and sustainability practices.
Selection Criteria
To qualify, companies must meet key prerequisites, including:
- Minimum dividend distribution of 30%.
- Active trading of shares on at least 75% of trading days in a year.
Eligible companies are then evaluated using quantitative and qualitative criteria.
- Quantitative factors: Profitability ratios, dividend metrics, and trading turnover.
- Qualitative aspects: Corporate Social Responsibility (CSR), adherence to Sustainability Development Goals (SDGs), Environmental, Social, and Governance (ESG) initiatives, and Diversity & Inclusion (D&I).
Statement from PSX Acting CEO
Mr. Nadeem Naqvi, Acting CEO of PSX, congratulated the winners, stating:
“These awards highlight the exceptional performance of Pakistan’s top corporate players. The recognition sends a strong signal to local and global investors about the competence of these companies in aligning with international standards of corporate excellence.”
He added that these accolades reflect the winners’ ability to excel in collaborations with both local and international business partners.
List of Top 25 Companies for 2023
- Engro Corporation Limited
- Engro Fertilizers Limited
- Fauji Fertilizer Company Limited
- The Hub Power Company Limited
- Bank Alfalah Limited
- Habib Bank Limited
- Habib Metropolitan Bank Limited
- Mari Petroleum Company Limited
- Systems Limited
- Cherat Cement Company Limited
- Lucky Cement Limited
- Meezan Bank Limited
- Engro Polymer & Chemicals Limited
- Pakistan Oilfields Limited
- Image Pakistan Limited
- MCB Bank Limited
- Faysal Bank Limited
- Nestle Pakistan Limited
- Adamjee Insurance Company Limited
- Indus Motor Company Limited
- International Industries Limited
- United Bank Limited
- Pakistan State Oil Company Limited
- Security Papers Limited
- Bank AL Habib Limited
Why It Matters
The Top 25 Companies Awards represent a benchmark for corporate success in Pakistan. These awards not only honor corporate achievements but also enhance investor confidence in the country’s economic potential.
