Karachi, October 16, 2023 – In a significant development for the capital markets and the overall economy, the Pakistan Stock Exchange (PSX) has officially announced the highly anticipated list of the Top 25 Companies Award recipients for the year 2022.
The companies that have secured a place in the Top 25 Companies Awards list for 2022, in descending order of their ranking, are as follows:
1. Fauji Fertilizer Company Limited
5. Engro Powergen Qadirpur Limited
6. Engro Polymer & Chemicals Limited
7. Security Papers Limited
8. Habib Bank Limited
9. Pakistan Oilfields Limited
10. Bank Alfalah Limited
11. Habib Metropolitan Bank Limited
12. Millat Tractors Limited
13. Mari Petroleum Company Limited
14. Cherat Cement Company Limited
15. United Bank Limited
16. Archroma Pakistan Limited
17. International Industries Limited
18. MCB Bank Limited
19. Lotte Chemical Pakistan Limited
20. Indus Motor Company Limited
21. Jubilee Life Insurance Company Limited
22. Pakistan Cables Limited
23. The Hub Power Company Limited
24. Cherat Packaging Limited
25. Pakistan State Oil Company Limited
These companies’ inclusion in the prestigious Top 25 list for 2022 signifies their exceptional performance and contributions to Pakistan’s corporate and economic landscape.
These awards are among the most prestigious and sought-after accolades in the corporate sector, with a tradition dating back to 1978. The selected companies have been recognized for their outstanding financial performance, governance, operational achievements, as well as sustainability and ESG (Environmental, Social, and Governance) initiatives, solidifying their leadership in Pakistan’s corporate landscape.
The PSX Top 25 Companies Awards are conferred upon companies that meet specific criteria, including a minimum dividend distribution of 30% and having their shares traded on at least 75% of the total trading days in a year, among other prerequisites. Following the fulfillment of these requirements, companies are further evaluated based on specific quantitative and qualitative criteria.
In terms of quantitative criteria, PSX identifies listed companies that have excelled in areas such as profitability ratios, dividend-related metrics, and share turnover, among other key financial indicators. In terms of qualitative criteria, the selection process assesses high-performing listed companies based on Corporate Social Responsibility (CSR) activities, reporting on Sustainable Development Goals (SDGs), ESG-related initiatives, and their stance on diversity and inclusivity, among other considerations.
Announcing the names of the PSX Top 25 Companies for 2022, Mr. Farrukh H. Khan, the Managing Director and CEO of PSX, commented, “On behalf of the Pakistan Stock Exchange, I extend my warmest congratulations to the recipients of the PSX Top 25 Companies Awards for 2022. The announcement of these awards is particularly welcome in the current challenging economic environment. They serve as a testament to the best that Pakistan’s corporate, business, and industrial landscape has to offer. I am confident that this will send a powerful message to both local and global investors, highlighting the excellence of Pakistan’s corporate entities. These companies, and indeed the corporate sector as a whole, deserve special recognition this year for their exceptional performance in a difficult and demanding economic environment.”
As in previous years, PSX is planning to host an event to celebrate and honor the achievements of these companies.
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