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Three Pakistani Companies Make it to Forbes’ Asia’s Best Under Billion List 2023

Forbes' annual Asia's Best Under a Billion list is a prestigious recognition that highlights the resilience and excellence of small and mid-sized companies in the Asia-Pacific region. In 2023, this list is dominated by Chinese and Indian firms, with just three Pakistani companies securing a coveted spot. This article delves into the success stories of these Pakistani companies, shedding light on their remarkable achievements in the face of global challenges.

Pakistani Pioneers

Highnoon Laboratories, Systems Limited, and Tariq Glass Industries have emerged as the torchbearers of Pakistan's corporate landscape, earning their place on Forbes' prestigious list. Highnoon Laboratories and Systems Limited have been consistent performers, with Highnoon featured on the list in 2019, 2021, and 2022, and Systems Limited in 2020, 2021, and 2022.

Valuation Snapshot

These companies have not only secured their place on the list but have also demonstrated their financial prowess. Highnoon Laboratories stands at $79 million, Tariq Glass Industries at $70 million, and Systems Limited impressively commands a market value of $441 million.

Financial Prowess

Regarding financial performance, Systems Limited reported a net income of $32 million on sales of $155 million. This showcases their efficiency in translating revenue into profits. On the other hand, Tariq Glass Industries achieved higher sales of $166 million, accompanied by a net income of $23 million. Highnoon Laboratories, while recording sales of $55 million, secured a net income of $9 million during the reviewed period, further underlining their financial stability.

About Companies

Beyond financial figures, what sets these Pakistani companies apart are their contributions to various sectors. Systems Limited, for instance, is known for providing cutting-edge IT solutions across healthcare, logistics, manufacturing, and more. Highnoon Laboratories plays a crucial role in the pharmaceutical sector, contributing to healthcare in Pakistan and beyond. With its extensive manufacturing capabilities, Tariq Glass Industries has become a key player in the glass industry, fostering innovation and economic growth.

 

Forbes' Asia's Best Under a Billion list for 2023 showcases the exceptional performance of Asian companies navigating a complex economic landscape. While China and India dominate the rankings, a few Pakistani companies also shine as beacons of success in their own right. Their ability to thrive and contribute to regional growth and stability is a testament to the resilience and innovation inherent in Asian businesses. These firms excel financially and make substantial contributions to their respective industries, further solidifying their place among Asia's best.

 

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