Pakistan Highlights Top Corporate Leaders in New Wealth Perception Index
On Pakistan’s 78th Independence Day, the Economic Policy & Business Development (EPBD) think tank unveiled its latest Wealth Perception Index, spotlighting the country’s leading public-listed and private corporate groups. The index identifies 20 major publicly listed conglomerates and 20 high-performing private groups across key sectors, including banking, cement, fertilizers, manufacturing, real estate, FMCG, IT, and media.
EPBD CEO Ahmad Nawaz Sukhera said the rankings showcase the private sector’s potential to drive sustained economic growth—if supported by “strong government policies and an enabling regulatory framework.”
“Government alone cannot solve Pakistan’s economic challenges. We need a strategic partnership between policymakers and our top private sector leaders,” Sukhera added.
Among the top publicly listed conglomerates by market capitalization are the Fauji Foundation ($5.90bn), Bestway/UBL Group ($4.51bn), Yunus Brothers/Lucky Group ($2.59bn), Nishat Group/MCB ($2.39bn), Engro Holdings ($2.39bn), Meezan Bank ($2.38bn), Arif Habib Group ($1.57bn), Aga Khan Fund & HBL ($1.56bn), Attock Group ($1.35bn), and British American Tobacco Pakistan ($1.24bn).
The Top 20 prospective dollar-billionaire private groups feature prominent family-led businesses, including Packages Group, Fatima Group, Sapphire Group, Hilton Pharma, Lake City Holdings, MEGA & Pioneer Cement, Jang/Geo Network, Beaconhouse Group, JDW Sugar, Artistic Group, Vision Group/Park View City, US Apparel, Liberty Group, Soorty Group, and Master Group of Industries.
EPBD noted that these 40 conglomerates collectively contribute billions in tax revenues, generate large-scale employment, and have the potential to “double their impact” over the next decade. The think tank recommended an innovative policy initiative that would see senior civil servants undergo internships within these corporations to help bridge the “policy-business disconnect.”
The report highlights sectors such as banking, cement, fertilizers, and diversified industrial manufacturing as having strong multiplier effects and as critical drivers of Pakistan’s economic growth. It also recognized the rising influence of women-led institutions, technology firms like Systems Limited, and foreign-listed companies investing in Pakistan.
“Pakistan possesses the entrepreneurial talent and business leadership necessary for sustained growth. With the right partnerships and enabling environment, these groups can help transform the economy,” Sukhera concluded.
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