LAHORE (Hassan Raza) – The Economic Policy and Business Development think tank has released a list of Pakistan’s top 40 business groups, naming Fauji Foundation as the country’s number one with a market capitalization of $5.9 billion, 60% of which is owned by the public.
According to the Wealth Perception Index 2025, Sir Anwar Pervez ranks as Pakistan’s top businessman with $3.5 billion in equity investment, while Syed Babar Ali leads the list of private business groups.
Among 20 listed corporations, Fauji Foundation holds first place with a $5.9 billion market cap, followed by Sir Anwar Pervez’s Bestway Group at $4.513 billion. The third spot goes to Muhammad Ali Tabba’s group ($2.591bn), followed by Mian Muhammad Mansha ($2.399bn) and Hussain Dawood ($2.390bn).
The list also features leading names including Riaz Idris, Arif Habib, Sultan Ali Allana, Sohaib Malik, Nasir Mahmood Khosa, Sultan Ali Lakhani, Rafiq Muhammad Habib, Sheikh Mukhtar Ahmed, Iftikhar A. Shirazi, Amir Paracha, Aizaz Hussain, Abbas Habib, Muhammad Maqsood Ismail, Tariq Syed, and Jahangir Siddiqui.
On the billionaire business groups list, Syed Babar Ali takes the top spot, with other prominent figures including Fawad Mukhtar, Mian Abdullah, Sardar Yasin Malik, Dr Gohar Ejaz, Habibullah Khan, Mir Shakil-ur-Rehman, Syed Muhammad Javed, Aqeel Karim Dhedhi, Bashir Jan Muhammad, Mian Amer Mahmood, Nasreen Mehmood Kasuri, Jahangir Tareen, Peer Muhammad Dewan, Yaqoob Ahmed, Aleem Khan, Mian Ahsan, Ashraf Mucatee, Shahid Soorty, and Nadeem Malik.
The report highlights that these 40 billionaire groups form the backbone of Pakistan’s economy, contributing to GDP growth, job creation, and tax revenues. Economists stress that with greater government support and business-friendly policies, these groups can not only stabilize the economy but also generate millions of new jobs.
Economic experts underline that industrial growth is the key to national prosperity, noting that Pakistan possesses exceptional business talent. They argue that stronger public-private partnerships can help unlock the country’s true economic potential.
Business leaders expressed optimism about Pakistan’s future, calling for easier business regulations, improved partnerships, and removal of restrictive laws and policies that hinder growth.
Deputy Prime Minister Ishaq Dar stressed the need for sustainable policies, stating that collaboration between the government and business groups could transform Pakistan’s economic destiny. He praised the think tank’s initiative, noting that examples from South Korea and Japan show how policy support for business groups leads to national prosperity.
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