Pakistan Stock Exchange (PSX) has announced the recipients of the prestigious Top 25 Companies Awards for the calendar year 2024, recognizing outstanding achievements in the corporate sector. First introduced in 1978, the awards are regarded among the most coveted accolades in Pakistan, highlighting companies that demonstrate excellence in financial performance, governance, operational efficiency, and sustainability initiatives.
The PSX Top 25 Companies Awards are determined through a combination of quantitative and qualitative criteria. Quantitative measures include profitability ratios, dividend performance, and share turnover, while qualitative assessments focus on corporate social responsibility, reporting on Sustainable Development Goals, environmental, social, and governance initiatives, as well as diversity and inclusivity practices. Companies must also meet key prerequisites ensuring compliance and safeguarding the interests of minority shareholders.
Commenting on the announcement, PSX MD & CEO Farrukh H. Sabzwari expressed pride in congratulating the winners of the 2024 awards. He noted that these awards reaffirm that Pakistan’s corporate sector includes companies that excel not only domestically but also compete on an international level. Sabzwari highlighted that the winners achieved exceptional performance despite a challenging business environment, sending a strong message of confidence to both domestic and foreign investors. He emphasized that their accomplishments reflect determination, innovation, and leadership driving Pakistan’s growth story.
The companies making the Top 25 list for 2024, in order of ranking, include Engro Corporation Limited, Fauji Fertilizer Company Limited, Engro Holdings Limited, Engro Fertilizers Limited, Sazgar Engineering Works Limited, Habib Metropolitan Bank Limited, Mari Energies Limited, Bank Alfalah Limited, EFU Life Assurance Limited, Lucky Cement Limited, Millat Tractors Limited, Crescent Steel & Allied Products Limited, International Industries Limited, Nestle Pakistan Limited, Interloop Limited, Habib Bank Limited, National Foods Limited, Haleon Pakistan Limited, Cherat Cement Company Limited, MCB Bank Limited, Jubilee General Insurance Company Limited, Colgate-Palmolive (Pakistan) Limited, NetSol Technologies Limited, Arif Habib Corporation Limited, and Meezan Bank Limited.
These awards highlight the consistent efforts of Pakistan’s top companies to maintain high standards in performance, governance, and social responsibility. They reinforce the strength and resilience of the country’s corporate sector, showcasing the ability of Pakistani firms to achieve excellence and create lasting value for shareholders, employees, and society at large.
The recognition also underscores the importance of corporate innovation and responsible business practices in fostering investor confidence and supporting sustainable economic growth in Pakistan.
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