2 Pakistani firms make it to the Forbes List

Lahore, 4th December: Two Pakistani companies makes it to Forbes ‘Asia’s Best Under A Billion 2020’ list.

According to reports, two Pakistani companies, an information technology and a textile firm have made it to Forbes “Asia’s Best Under A Billion 2020” list.

The annual list highlights 200 top-performing small and medium-sized companies in the Asia-Pacific region with sales under $1 billion.

As per reports, the Information technology company Systems Limited Pakistan (SLP) along with local textile giant Feroze1888 Mills Ltd have made it to this year’s list.

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

He praised the companies and reaffirmed his commitment and belief in the entrepreneurship of our people.

I have always been a great believer in the entrepreneurship of our people. I am sure these three companies will provide impetus to others to achieve similar laurels. 3/3

— Abdul Razak Dawood (@razak_dawood) December 2, 2020

He took to his Twitter account and expressed the confidence that the achievement of these firms would “provide impetus to others to achieve similar laurels.”

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

Dawn News had reported that the CEO Asif Peer said the company’s achievement was a proud moment for the entire team.

“My passion is that we would like to be not ‘under a billion dollars’, but a billion-dollar company out of Pakistan very soon, and I trust my employees, management, and leadership that we will soon be celebrating our billion-dollar success as well,” he said.

Meanwhile, Feroze1888 Mills Ltd is a manufacturer and exporter of specialised yarn and terry products not only in Pakistan but across the globe and it began its operations in the 1970s.

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