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2 Pakistani enterprises make it to Forbes best under $1bn list

Two Pakistani companies have made it to Forbes ‘Asia’s Best Under A Billion 2020’ list.

The annual list recognizes 200 top-performing small and mid-sized companies in the Asia-Pacific region with sales under $1 billion. Information technology company Systems Limited Pakistan (SLP) along with local textile giant Feroze1888 Mills Ltd have made it to this year’s list.

Recognizing the achievement, Commerce Advisor Abdul Razak Dawood congratulated the companies for making it to the coveted list.

He lauded the companies and reaffirmed his commitment and belief in “the entrepreneurship of our people”. He also expressed the confidence that the achievement of these firms would “provide impetus to others to achieve similar laurels.”

Systems Limited Pakistan, founded in 1977, has the distinction of being the country’s first software technology company, according to a statement on its website.

Founded in 1970, Feroze1888 Mills Ltd is a manufacturer and exporter of specialized yarn and terry products not only in Pakistan but across the globe.

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