On Pakistan’s 78th Independence Day, the Economic Policy & Business Development Think Tank (EPBD) has released its first Wealth Perception Index 2025, ranking Pakistan’s top 40 public and private sector conglomerates, including the country’s first compilation of prospective dollar-billionaire business groups.Â
According to a news report, the index identifies 20 leading public-listed corporate groups and 20 high-performing private groups across sectors such as banking, cement, fertilizers, diversified manufacturing, real estate, FMCG, IT, and media.Â
The Top 20 public-listed conglomerates include Fauji Foundation ($5.90 billion), Bestway/UBL Group ($4.51 billion), Yunus Brothers/Lucky Group ($2.59 billion), Nishat Group/MCB ($2.39 billion), Engro Holdings ($2.39 billion), Meezan Bank ($2.38 billion), Arif Habib Group ($1.57 billion), Aga Khan Fund & HBL ($1.56 billion), Attock Group ($1.35 billion), and British American Tobacco Pakistan ($1.24 billion).
The Top 20 prospective dollar-billionaire private groups feature Packages Group, Fatima Group, Sapphire Group, Hilton Pharma, Lake City Holdings, MEGA & Pioneer Cement, Jang/Geo Network, Beaconhouse Group, JDW Sugar, Artistic Group, Vision Group/Park View City, US Apparel, Liberty Group, Soorty Group, and Master Group of Industries.
EPBD noted that these conglomerates contribute billions in tax revenues, provide large-scale employment, and have the potential to double their economic impact over the next decade. The report also recommended initiatives to bridge gaps between policy and business, including internships for senior civil servants within these corporations.
EPBD CEO Ahmad Nawaz Sukhera said the rankings demonstrate the private sector’s potential to drive sustained economic growth if supported by effective government policies and an enabling regulatory framework.
Sukhera emphasised that the government alone cannot resolve Pakistan’s economic challenges and highlighted the need for strategic partnerships between policymakers and top private sector leaders.
