Pakistan’s IT & Textile Firms Made It To Forbes

Two Pakistani companies – an IT and a textile company – have made it to the Forbes “Asia’s Best Under A Billion 2020” ranking.

The annual list highlights 200 small and medium-scale publicly traded companies with revenue of less than $1 billion in the Asia-Pacific region.

The statement in Forbes reads, “These companies have track records of exceptional corporate performance, with one Covid-19 caveat: the list is based on full-year data as of July 7 and does not fully reflect the impact from the pandemic-led downturn.”

The Pakistani Corporations

With a net income of $11 million and an enterprise value of $139 million, System Limited Pakistan (SLP), an information technology firm, reported revenue of $50 million.

With a net income of $44 million and a current value of $189 million, textile giant Feroze1888 Mill Limited registered revenue of $215 million.

Abdul Razzak Dawood Congratulated The Hardwork

Abdul Razzak Dawood Commerce and Investment Advisor to PM praised the two businesses, emphasizing that he had been a “great believer in entrepreneurship of our people”

SLP was the only IT company from Pakistan to make it to the Forbes list, Dawood stated.

I congratulate the Systems Limited Pakistan on making it to the Forbes “Asia's 200 Best Under A Billion 2020” List. It is the only IT sector company from Pakistan which made it to this List. 1/3

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— Abdul Razak Dawood (@razak_dawood) December 2, 2020

He further added, “I have always been a great believer in the entrepreneurship of our people. I am sure these three companies will provide impetus to others to achieve similar laurels.”

I also congratulate SEARLE Pakistan (pharma) and Feroze1888 Mills (textiles), two other Pakistani companies, for making it to this List.2/3

— Abdul Razak Dawood (@razak_dawood) December 2, 2020

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