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Two Pakistani companies make it to Forbes “Asia’s Best Under a Billion 2020 list”

Two Pakistani companies make it to Forbes “Asia’s Best Under a Billion 2020 list”

Two Pakistani companies – an information technology and a textile firm -made it to Forbes “Asia’s Best Under A Billion 2020” listlink.

The annual list spotlights 200 publicly listed small and medium scalecompanies in the Asia-Pacific region with sales under $1 billion.

“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 7and does not fully reflect the impact from the pandemic-led downturn,” readslinkthea statement by Forbes.Pakistani companies

System Limited Pakistan (SLP), Information technology company, recordedsales worth $50 million with a net income of $11 million and market valueof $139 million.

Textile giant Feroze1888 Mill Limited recorded sales of $215 million with anet income of $44 million and market value of $189 million.