List of largest companies in Pakistan

Following is a list of largest companies in Pakistan:

Conglomerates

Group name	Headquarters	Publicly listed companies	Reference(s)
Adamjee Group	Karachi	–	[1]
Atlas Group	Lahore	Atlas Honda, Honda Atlas, Atlas Battery, Atlas Insurance	[1]
AKD Group	Karachi	AKD Hospitality, AKD Securities	[2]
Arif Habib Group	Karachi	Arif Habib Limited, Aisha Steel Mills, Fatima Fertilizer Company, Javedan, Power Cement, Safe Mix Concrete
Askari Group	Rawalpindi	Askari General Insurance, Askari Life Assurance	[3]
Bibojee Group	Karachi	Bannu Woollen Mills, Gammon Pakistan, Ghandhara Automobiles Limited, Ghandhara Industries Limited, Ghandhara Tyre, Janana De Malucho Textile Mills, The Universal Insurance Company	[4]
Dawood Group	Karachi	Engro Holdings, Dawood Lawrencepur	[1]
Descon	Lahore	Altern Energy, Descon Oxychem	[5]
Fauji Group	Rawalpindi	Askari Bank, Fauji Cement, Fauji Fertilizer, Fauji Foods, Mari Petroleum	[1]
Hashoo Group	Karachi	Pakistan Services Limited, Exide Batteries Pakistan	[6]
Habib Group	Karachi	Agriauto Industries, Bank AL Habib, HabibMetro, Habib Insurance, Habib Rice, Habib Sugar Mills, Shabbir Tiles, Toyota Indus, Thal Limited	[1]
Lakson Group	Karachi	Century Insurance, Century Paper, Colgate-Palmolive Pakistan, Merit Packaging	[1]
Lucky Group	Karachi	Gadoon Textile Mills, Lucky Cement, Lucky Core Industries	[1]
JS Group	Karachi	BankIslami, JS Bank, Jahangir Siddiqui & Co.	[7]
Nishat Group	Lahore	Adamjee Insurance, Adamjee Life Assurance, DG Cement, Lalpir Power, MCB Bank, MCB Funds, Nishat Mills Limited, Nishat Chunian Power, Nishat Power Limited, Pakgen Power	[1]
Packages Group	Lahore	Packages Limited	[1]
Saigol Group	Lahore	Maple Leaf Cement, Pak Elektron Limited, Kohinoor Energy Limited, Kohinoor Industries Limited, Kohinoor Mills Limited, Kohinoor Power Company Limited, Kohinoor Textile Mills Limited, Saritow Spinning Mills Limited	[1] [8]

By market capitalization

Below is the list of largest companies by market capitalization based on the year-end closing, 31 December 2024:

Rank	Name	Market cap (US$)	Headquarters	Industry	Reference(s)
1	Oil & Gas Development Company	Rs. 977.43 billion (US$3.4 billion)	Islamabad	Petroleum	[9]
2	Mari Petroleum	Rs. 863.98 billion (US$3.0 billion)	Islamabad	Petroleum	[9]
3	Pakistan Petroleum Limited	Rs. 553.85 billion (US$1.9 billion)	Karachi	Petroleum	[9]
4	United Bank Limited	Rs. 467.92 billion (US$1.6 billion)	Karachi	Banking	[9]
5	Fauji Fertilizer Company	Rs. 466.05 billion (US$1.6 billion)	Rawalpindi	Fertilizer	[9]
6	Meezan Bank	Rs. 433.43 billion (US$1.5 billion)	Karachi	Banking	[9]
7	Colgate-Palmolive Pakistan	Rs. 364.96 billion (US$1.3 billion)	Karachi	Fast-moving consumer goods	[9]
8	Pakistan Tobacco Company	Rs. 340.26 billion (US$1.2 billion)	Islamabad	Tobacco	[9]
9	Nestlé Pakistan	Rs. 337.85 billion (US$1.2 billion)	Lahore	Fast-moving consumer goods	[9]
10	MCB Bank	Rs. 333.36 billion (US$1.2 billion)	Lahore	Banking	[9]
11	Lucky Cement	Rs. 322.44 billion (US$1.1 billion)	Karachi	Cement	[9]
12	Engro Fertilizers	Rs. 272.65 billion (US$940 million)	Karachi	Fertilizer	[9]
13	Habib Bank Limited	Rs. 255.91 billion (US$890 million)	Karachi	Banking	[9]
14	Engro Corporation	Rs. 238.95 billion (US$830 million)	Karachi	Conglomerate	[9]
15	Bestway Cement	Rs. 213.89 billion (US$740 million)	Islamabad	Cement	[9]
16	Pakistan State Oil	Rs. 206.89 billion (US$720 million)	Karachi	Petroleum	[9]
17	Standard Chartered Pakistan	Rs. 205.19 billion (US$710 million)	Karachi	Banking	[9]
18	Systems Limited	Rs. 181.10 billion (US$630 million)	Lahore	Information technology	[9]
19	Pakistan Oilfields Limited	Rs. 179.29 billion (US$620 million)	Rawalpindi	Petroleum	[9]
20	Hub Power Company	Rs. 169.78 billion (US$590 million)	Karachi	Power generation	[9]

References

1. Hussain, Dilawar (22 March 2021). "Who's who of the PSX". Dawn.
2. Houreld, Katharine (2013-04-12). "Pakistan's booming market no black and white matter". Reuters. Retrieved 2025-06-13.
3. Naeem, Zain (2024-10-21). "Fauji and Askari Cement merged two years ago. How has the merger worked out?". Profit by Pakistan Today. Retrieved 2025-06-13.
4. news.desk (2017-07-31). "5 Pakistani companies make it to Forbes Asia's 200 Best Under A Billion list". The Express Tribune. Retrieved 2025-06-13.
5. Niazi, Abdullah (2023-03-12). "Descon's long-play". Profit by Pakistan Today. Retrieved 2025-06-13.
6. shahram.haq (2023-07-03). "Hashoo Group to add 28 properties by 2027". The Express Tribune. Retrieved 2025-06-13.
7. Report, Profit (2023-01-17). "Pakistan's largest Investment Banking firm to acquire EFG Hermes?". Profit by Pakistan Today. Retrieved 2025-06-13.
8. Report, Profit (2020-10-24). "EFG Hermes is accumulating shares in Kohinoor Industries". Profit by Pakistan Today. Retrieved 2025-06-13.
9. "Companies by Market Cap as of 31 December 2024".