PSX awards for Top 25 companies

KARACHI: The Pakistan Stock Exchange (PSX) has announced the list of Top 25 Companies Awards recipients for 2023. Launched in 1978, the PSX awards are prestigious and widely respected, recognising excellence in Pakistan’s corporate sector and industry. The companies that make it to the list of the coveted awards are selected on the basis of their financial performance, governance and operational achievements, as well as sustainability and environmental, social and governance-related initiatives.

The PSX Top 25 Companies Awards recognises companies achieving certain key pre-requisites for this prestigious award, which include having a minimum dividend distribution of 30 per cent and shares of the company having been traded at least 75 per cent of the total trading days in a year, among other pre-requisites.

The PSX selects high-performing listed companies based on corporate social responsibility (CSR), reporting on SDGs, ESG-related initiatives, and diversity and inclusion, among other considerations.

Announcing the PSX Top 25 Companies Awards winners for 2023, Nadeem Naqvi, acting CEO of the PSX, said, “These awards showcase excellence in Pakistan’s corporate, business and industrial landscape whereby the top performing companies who have excelled based on financial, governance, ESG, D&I and other quantitative and qualitative criteria, are duly recognised and awarded”.

The companies that made it to the Top 25 Companies Awards list, in order of their ranking, include 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 and Bank Al Habib Limited.