Karachi, November 16, 2024 – The Pakistan Stock Exchange (PSX) has officially revealed the list of winners for its prestigious Top 25 Companies Awards for 2023. These awards, which have been recognizing corporate excellence since their inception in 1978, highlight the achievements of companies that excel in various aspects of business, including financial performance, governance, operational excellence, and sustainability initiatives.
The PSX Top 25 Companies Awards are considered one of the most prestigious accolades in Pakistan’s corporate sector. Companies are selected based on a combination of stringent quantitative and qualitative criteria. Among the key prerequisites for consideration, companies must maintain a minimum dividend distribution of 30 percent and ensure that their shares are traded at least 75 percent of the total trading days in a year. Once these prerequisites are met, the companies are evaluated on their performance in areas such as profitability ratios, dividend yields, and turnover of shares.
In addition to financial metrics, PSX also assesses qualitative factors like Corporate Social Responsibility (CSR) activities, sustainability and environmental, social, and governance (ESG) initiatives, as well as diversity and inclusion practices. This ensures that the awards not only recognize companies for their financial success but also for their contributions to societal and environmental betterment.
Announcing the list of winners, Nadeem Naqvi, Acting CEO of PSX, expressed his congratulations to the awardees. “On behalf of the Pakistan Stock Exchange, I extend my heartiest congratulations to the recipients of the PSX Top 25 Companies Awards for 2023. These awards showcase excellence in Pakistan’s corporate, business, and industrial landscape, and honor the top-performing companies that have excelled across various dimensions including financial performance, governance, and ESG initiatives,” he said.
Naqvi further emphasized that the recognition would send a positive signal to both local and international investors. “The winning companies represent the best of Pakistan’s corporate and industrial sectors, demonstrating that they are on par with global industry leaders. This award highlights their competence, capabilities, and commitment to conducting business successfully with both local and international partners.”
The companies that earned a spot on the Top 25 Companies list for 2023, ranked in order, are:
1. Engro Corporation Limited
2. Engro Fertilizers Limited
3. Fauji Fertilizer Company Limited
4. Hub Power Company Limited
5. Bank Alfalah Limited
6. Habib Bank Limited
7. Habib Metropolitan Bank Limited
8. Mari Petroleum Company Limited
9. Systems Limited
10. Cherat Cement Company Limited
11. Lucky Cement Limited
12. Meezan Bank Limited
13. Engro Polymer & Chemicals Limited
14. Pakistan Oilfields Limited
15. Image Pakistan Limited
16. MCB Bank Limited
17. Faysal Bank Limited
18. Nestle Pakistan Limited
19. Adamjee Insurance Company Limited
20. Indus Motor Company Limited
21. International Industries Limited
22. United Bank Limited
23. Pakistan State Oil Company Limited
24. Security Papers Limited
25. Bank AL Habib Limited
These companies represent a diverse range of sectors, including energy, banking, chemicals, cement, telecommunications, and consumer goods, reflecting the strength and resilience of Pakistan’s corporate landscape. Their achievement signifies not only financial prowess but also their dedication to sustainable practices and corporate governance.
The Top 25 Companies Awards continue to be a vital platform for recognizing the contributions of companies that set high standards for business excellence in Pakistan, inspiring others to follow suit and contributing to the growth of a more dynamic and competitive economy.
