Three Pakistani companies have secured places on Forbes Asia’s prestigious Best Under A Billion 2026 list.
Murree Brewery Company Limited, Systems Limited and Sazgar Engineering Works represent Pakistan among 200 top-performing listed companies from the Asia-Pacific region.
Forbes selected the companies from a pool of more than 19,000 publicly traded businesses. Eligible firms had annual sales above $10 million and below $1 billion.
“The small and midsized companies appearing on Forbes Asia’s Best Under A Billion list are successfully navigating the challenges of geopolitical tensions and volatile energy markets,” Forbes said.
“These 200 publicly listed Asia-Pacific companies, with sales above $10 million and below $1 billion, delivered strong financial metrics,” it added.
Murree Brewery and Systems Limited Make the Cut
Forbes reported sales of $102 million for Murree Brewery, with a market value of $92 million.
Murree Brewery dates back to February 1861 and is one of Pakistan’s oldest listed businesses. It manufactures alcoholic and non-alcoholic beverages, juices, mineral water, glass products and other food products.
Pakistan Stock Exchange data shows that the company recorded sales of Rs28.56 billion during fiscal year 2025. Profit after tax reached Rs3.26 billion.
Read More: Sazgar Engineering Plans Rs1.47 Billion Real Estate Investment in Lahore
Systems Limited also earned a place on the Forbes list. The technology company recorded sales of $286 million and a market value of $759 million, according to Forbes.
Systems provides software development, digital transformation and business process outsourcing services.
Its own FY2025 figures show revenue of $286 million, up 18% from the previous year. Net profit reached $39.6 million, an increase of 46%.
The company operates across Pakistan, North America, Europe, the Middle East and other international markets.
Sazgar’s Growth Earns Forbes Recognition
Sazgar Engineering Works was the third Pakistani company on the 2026 list.
Forbes reported sales of $389 million and net income of $58 million for the Lahore-based manufacturer.
Sazgar started as a private limited company in 1991 and became a public limited company in 1994.
Its business includes automobiles, automotive parts and household electronic appliances.
Read More: Pakistan Auto Market Gets New Hybrid Option as Sazgar Opens TANK-500 Bookings
The company has expanded significantly through its partnership with Chinese automaker Great Wall Motor. It manufactures and assembles Haval sport utility vehicles in Pakistan.
Sazgar completed trial operations for Haval vehicles in 2022 and announced its first locally assembled rollout for August that year.
The move into four-wheel vehicles has since become a major part of its growth story.
How Forbes Selects the Best Companies
Forbes Asia’s Best Under A Billion list is unranked and focuses on long-term corporate performance.
Forbes evaluates factors such as debt, sales growth and earnings-per-share growth. It examines performance over both one-year and three-year periods.
The selection process also considers one-year and five-year average returns on equity. Forbes applies additional screening for governance, accounting, environmental and management concerns.
The 2026 list used the latest publicly available annual results as of July 10. Forbes also used stock prices on that date to calculate market values.
Forbes said technology-related companies feature heavily this year as businesses benefit from the global AI boom. Companies linked to electric vehicles and renewable energy are also gaining ground.
The inclusion of Murree Brewery, Systems Limited and Sazgar gives Pakistan representation across consumer goods, technology and automotive manufacturing.
