Fauji Foundation tops on Wealth Index With $5.9 Billion valuation

Islamabad 15 August: On Pakistan’s 78th Independence Day, the Economic Policy & Business Development Think Tank (EPBD) unveiled its inaugural Wealth Perception Index 2025, introducing a novel ranking of the country’s top 40 conglomerates with Fauji foundation on top of the Wealth Index report.

This landmark development also marks the first official identification of prospective dollar-billionaire business groups in Pakistan.

Top Publicly Listed Conglomerates by Market Cap

Leading the rankings is the Fauji Foundation, valued at approximately $5.90 billion, followed closely by the Bestway/UBL Group at $4.51 billion. Other notable names among the top ten include 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).

Private Sector Poised for Billion-Dollar Status

The Top 20 prospective dollar-billionaire groups include several household names across real estate, education, media, manufacturing, FMCG, and pharmaceuticals. Among them are 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.

Implications and Policy Recommendations

EPBD CEO Ahmad Nawaz Sukhera emphasized that these conglomerates play a vital role in generating significant tax revenues, creating widespread employment, and collectively hold the potential to “double their impact” over the next decade—if empowered by strong regulatory support and strategic public-private partnerships.

To bridge the ongoing policy-business disconnect, EPBD recommended innovative measures such as mandatory internships for senior civil servants within these corporations to foster collaboration and mutual understanding between governance and business sectors.

READ MORE: Fauji Foundation Reveals Plans to Acquire Majority Stake in Agha Steel

EPBD also highlighted the critical economic multiplier effects of sectors like banking, cement, fertilizers, and diversified manufacturing, advocating for these to remain at the core of Pakistan’s growth strategy. The report additionally underscored the rising influence of women-led institutions, technology firms such as Systems Limited, and foreign-listed companies investing in Pakistan.

In the words of Sukhera: “Pakistan possesses the entrepreneurial talent and business leadership necessary for sustained growth. With the right partnerships and enabling environment, these groups can help transform the economy.”

Summary Table