In a highly anticipated announcement, the Pakistan Stock Exchange (PSX) has revealed the esteemed recipients of the Top 25 Companies Awards for the year 2022.
These prestigious accolades, considered the pinnacle of recognition in the corporate sector, have been a tradition since their inception by the Exchange in 1978.
The selected companies were honored for their outstanding financial performance, exemplary governance, operational achievements, and commitment to sustainability and ESG (Environmental, Social, and Governance) initiatives. These industry leaders stand out as shining beacons in Pakistan's corporate landscape.
To qualify for these distinguished awards, companies had to meet specific prerequisites, including a minimum dividend distribution of 30% and shares being traded on at least 75% of the total trading days in a year, among other criteria.
Further evaluation was conducted based on both quantitative and qualitative criteria.
Quantitative criteria involved assessing listed companies for their exceptional profitability ratios, dividend-related metrics, and share turnover, among other financial indicators.
On the qualitative front, PSX recognized high-performing companies based on their commitment to Corporate Social Responsibility (CSR), reporting on Sustainable Development Goals (SDGs), ESG initiatives, Diversity & Inclusivity, and other relevant considerations.
Mr Farrukh H. Khan, the Managing Director and CEO of PSX, announced the names of the Top 25 Companies for 2022, expressing his warmest congratulations to the recipients. He emphasized the significance of these awards, especially in the current challenging economic climate.
"In the face of these economic challenges, the PSX Top 25 Companies Awards bring a breath of fresh air," Mr. Khan remarked. "These awards spotlight the cream of Pakistan's corporate, business, and industrial sector.
They send a resounding message to local and global investors alike, affirming that Pakistan's economy boasts companies that not only shine within the nation but are on par with the best international counterparts."
Mr Khan further commended the honorees for their exceptional performance in the midst of a demanding economic environment. He highlighted the vital role played by these companies and the corporate sector as a whole in contributing to the nation's economic resilience.
As part of its tradition, PSX plans to host an event to celebrate and honor these remarkable companies, cementing their status as exemplars in Pakistan's corporate arena.
The announcement of the PSX Top 25 Companies Awards for 2022 underscores the commitment of Pakistan's business community to excellence and sustainability, providing a beacon of hope for the future of the nation's economy.
