Two Pakistani companies have been recognised among 200 top-performing small and mid-sized companies in the Asia-Pacific region in the annual list announced by the prestigious Forbes magazine.
Pakistan’s IT co Systems Limited alongside local textile giant Feroze1888 Mills Ltd has made it to Forbes Asia’s Best Under A Billion 2020 list.
Systems Limited Pakistan and Feroze1888 Mills Ltd made it to the annual list. Commerce Adviser Abdul Razak Dawood while appreciating the acheivement also congratulated the companies for making it to the coveted list.
“I congratulate the Systems Limited Pakistan on making it to the Forbes “Asia’s 200 Best Under A Billion 2020” List. It is the only IT sector company from Pakistan which made it to this List,” said Special Assistant to Prime Minister on Trade and Investment Abdul Razak Dawood in a tweet post.
I congratulate the Systems Limited Pakistan on making it to the Forbes “Asia’s 200 Best Under A Billion 2020” List. It is the only IT sector company from Pakistan which made it to this List. 1/3
— Abdul Razak Dawood (@razak_dawood) December 2, 2020
He praised the companies and expressed the confidence that the achievement of these firms would “provide impetus to others to achieve similar laurels.” Founded in 1977, Systems Limited Pakistan has the distinction of being the country’s first software technology company, according to a statement on its website.
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In a statement, 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. The company began operations in the 1970s.
