The Pakistan Stock Exchange (PSX) has experienced a notable rise in the number of companies reaching billion-dollar market value over the past two years.
In 2023, only three companies had a market capitalization above \$1 billion — OGDC, Nestlé, and Colgate (COLG). By 2024, four more joined this exclusive group: Meezan Bank (MEBL), Mari Petroleum (MARI), United Bank Limited (UBL), and Pakistan Petroleum Limited (PPL).
Fast forward to August 2025, the list has now grown to 15 companies. Along with the earlier names, new entries include Fauji Fertilizer Company (FFC), Lucky Cement (LUCK), MCB Bank, Habib Bank Limited (HBL), Pakistan Tobacco Company (PAKT), Bestway Cement (BWCL), National Bank of Pakistan (NBP), and Engro Fertilizers (EFERT).
This rapid expansion reflects growing investor confidence and a resilient stock market. Experts say the increase in billion-dollar firms is a positive sign of economic activity and improved performance across key sectors like banking, energy, cement, and consumer goods.
The trend also shows that Pakistan’s capital market is attracting more interest from both local and foreign investors, who are encouraged by strong earnings and long-term growth potential.
From only three to now fifteen companies in the billion-dollar club, PSX has shown a solid and steady upward trajectory, signaling a promising future for the country’s financial markets and corporate sector.
