Two Pakistani firms, Highnoon Laboratories, and Systems Ltd, have made their place to Forbes’ coveted ‘Asia’s Best Under a Billion list for the third time this year.
The annual list nominated 200 top-performing small and mid-sized companies in the Asia-Pacific region with sales under $1 billion.
Prior to this, Highnoon Laboratories, one of Pakistan’s leading and fast-growing companies, also made it to the list in 2019 and 2021.
The Forbes website revealed that Highnoon Laboratories has a market value of $106 million. “It specializes in drugs related to cardiology, diabetes, gastroenterology, and respiratory disease. The company was founded in 1984 and is headquartered in Lahore,” the website adds.
Highnoon Laboratories Chairman Tausif Khan expressed pleasure and said he was “delighted” at the company’s inclusion in the list for the third time.
Read more: Systems Limited listed in Forbes Asia’s Best Under A Billion list for third time in a row
“We remain thankful to the healthcare professionals for their confidence, and we value our business partners for enabling [us]. We will continue to focus on providing products that enrich life by improving clinical outcomes,” he guaranteed.
Meanwhile, Systems Limited made it to the list in 2020 and 2021.
Established in 1977, Systems Limited Pakistan has the distinction of being Pakistan’s first software technology company, as per its website.
In a statement issued last year, Systems Limited stated the inclusion in the list for the second year in a row was of “utmost importance” and underlined the company’s consistent composite scores.
Remarking on the accomplishment, CEO and Managing Director of Systems Limited, Asif Peer stated, “The fact that Systems Limited was included [for] the second time on the list speaks volumes of our approach towards customer-centricity, employee ownership, inclusivity, and persistence.”
He further said that the company has been able to implement an inclusive ecosystem that is able to maintain remarkable performance parameters.
Moreover, Systems Limited is the country’s first technology company to cross Rs100billion market capitalization, the statement said.