Forbes has released Asia’s best under a billion companies list 2017. Among many other Asian companies, five Pakistani companies have also secured a place on the list. According to Forbes, the Pakistani companies featured this year are Agriauto Industries, Cherat Packaging, Ferozsons Laboratories, Ghandhara Industries, and Searle Company. Last year seven Pakistani companies made it to the list.
According to Forbes, the induction of a company in the list is based on company’s profitability and growth and if their annual revenue does not surpass $1 billion. The media outlet does not include companies that have worrisome accounting, management, and legal issues. This year almost 18,000 candidates were scrutinized. The winning 200 produced best earnings and growth result during the current fiscal year and three-years periods. It would be worth mentioning here that Forbes also excludes companies which earn less than $5 million.
Chinese companies have dominated the list, securing almost half the numbers in the list. Moreover, Pakistan’s arch rival India is down to three companies on the list.
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