Karachi: Pakistan Stock Exchange (PSX) has revealed the recipients of the prestigious Top 25 Companies Awards for 2023. These awards, launched in 1978, honor excellence in Pakistan’s corporate sector, highlighting financial performance, governance, and sustainability efforts.
The Top 25 Companies Awards are based on strict pre-requisites. Companies must distribute a minimum dividend of 30% and have their shares traded at least 75% of the total trading days in a year.
Once the pre-requisites are met, the companies are evaluated on both quantitative and qualitative criteria.
- Quantitative Criteria: Includes profitability ratios, dividend-related metrics, and share turnover.
- Qualitative Criteria: Focuses on Corporate Social Responsibility (CSR), sustainability initiatives, Diversity & Inclusion (D&I), and reporting on Sustainable Development Goals (SDGs).
PSX Soars 750+ Points as Investor Sentiment Improves
Recognizing Excellence
Acting CEO of PSX, Mr. Nadeem Naqvi, congratulated the winners. “The PSX Top 25 Companies Awards showcase excellence in Pakistan’s corporate, business, and industrial landscape. These awards highlight companies excelling in financial performance, governance, ESG, and other key areas,” he stated.
He added, “These awards send a strong message to global and local investors, reflecting the competence of Pakistani companies and their ability to compete internationally.”
Winners List
The Top 25 Companies for 2023, in order of ranking, are:
- 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
Promoting Corporate Excellence
The PSX Top 25 Companies Awards reflect the strength and potential of Pakistan’s corporate and industrial sectors. By recognizing companies at par with global standards, PSX aims to promote investor confidence and corporate growth.
Follow Day News on Google News, Instagram, YouTube, Facebook, Whats App, and TikTok for latest updates
