PSX holds Gong Ceremony to congratulate 3 Pakistani companies recognised in Forbes

Pakistan Stock Exchange recently held a Gong Ceremony to recognise the tremendous achievement of the three listed companies based in Pakistan who have been recognised in the Forbes ‘Asia’s Best Under A Billion’ list. The companies who have made it to this distinctive list are Feroze1888 Mills Limited, The Searle Company Limited and Systems Limited PSX said in its press release. 

“To mark the opening of the trading day, the gong was struck by Rehan Rehman – CEO of Feroze1888 Mills Limited, Syed Nadeem Ahmed – CEO of The Searle Company Limited and Asif Peer – CEO of Systems Limited. Also present at the occasion were Farrukh H. Khan – MD & CEO of PSX, Sulaiman S. Mehdi – Chairman of the Board of PSX, Board Members of PSX, senior management of PSX as well as senior management of the three companies recognised by Forbes.

“It is a matter of immense pride for Pakistan that these companies have made it to the select list of the top 200 companies of Asia Pacific region as recognised by Forbes. The Gong Ceremony held at Pakistan Stock Exchange was convened specially to mark, honour and celebrate this distinguished achievement on part of the three listed companies.

“The Forbes ‘Asia’s Best Under A Billion’ list comprises of the top 200 listed companies in Asia-Pacific region with sales under $ 1 billion that have excelled in corporate performance. These companies are selected based on quantitative and qualitative metrics and include measures such as debt, sales, and earnings growth over both the most recent fiscal oneand three-year periods as well as the strongest one- and five-year average returns on equity. The criteria for selecting the top 200 best performing companies also included geographic diversity of companies from across the region.

Speaking at the occasion, Farrukh Khan, CEO PSX, said, “We are rightly proud of these companies and very happy that their outstanding performance is being recognized today. These three companies have not only created tremendous shareholder value but have also contributed significantly to the economy of the country, while projecting a positive image of Pakistan globally”.

The CEO of Feroze1888 Mills Limited, Rehan Rehman, stated, “Alhumdulillah, it is indeed a moment of immense pleasure that Feroze1888 Mills Limited has been selected in the Forbes Asia 200 Best Under A Billion Companies list. The award truly reflects the sheer dedication of all the employees, support of all the business partners and trust of our shareholders that they have put in the Company. Our journey of success does not stop here; in fact this recognition has fueled up our aspiration to live our vision of being the market leaders”. 

The Searle Company Limited CEO, Syed Nadeem Ahmed, said, “I am pleased to announce that The Searle Company Limited (Searle) has been included in the list of Forbes Asia Best Under a Billion Company. This historic and landmark achievement reflects Searle’s firm commitment to provide its customers with the best possible products and services in the health care and consumer industry. This commitment is derived from its core values of Passion, Integrity, Partnership and Excellence which are cornerstone of Searle’s code of conduct with all its stakeholders”.

Speaking about his company’s success in making it to the Forbes list, the CEO of Systems Limted, Asif Peer, said, “This is great news for Systems team and entire Pakistan. This global recognition enhances our brand image and perspective that reflects not only on our businesses but also on economy as a whole. I would like to share this achievement with my team, partners and stakeholders”.

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