5 Companies From Pakistan Make it to Forbes Asia’s 200 ‘billion list’
Forbes magazine is the leading magazine and recently has released Asia’s best under a billion companies list 2017.
It is definitely a proud moment for Pakistan that in many Asian companies, five of the Pakistani companies managed to secure the rank and get their names included in the annual list.
The five names that were featured in the Forbes Asia list include Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries, and Searle Company.
How Forbes compile its ‘Best Under a Billion’ list?
Forbes makes it decision by analyzing the profitability and growth rate If the revenue if the company increases and reaches $1 billion the company is than included to the list.
There were more than 18,000 candidates but 200 were published in the list. The winning 200 produced best earnings and growth result during the current fiscal year and three-years periods.
These are the Pakistani companies that were included to the list:
The Searle Company Ltd
Searle Company is engaged in making pharmaceutical and consumer products. The company has highest market value when comparing it to other companies included in the list. As of now the market value of the company stands at $696 million.
Ferozsons Laboratories, the pharmaceutical products making company has been included in the list for the second time. Ferozsons grew almost 93 percent last year and market value of the company is $102 million. The company was founded on January 28, 1954, and is headquartered in Lahore.
Agriauto Industries manufactures and sell automotive components for motorcycles, and agricultural tractors etc. The current market value of the company is $105 million.
Cherat Packaging makes and sells paper sacks and polypropylene bags for the cement industry of Pakistan and has a market value of $64 million.
Ghandhara Industries, founded on February 23, 1966, makes vehicles varying from pickup, trucks, and buses. The current market value of the company is $113 million.
Here will want to mention that Chinese companies ruled the list and India had only three companies in the list.