The Economic Policy & Business Development Think Tank (EPBD) has published its first-ever Wealth Perception Index 2025, featuring Pakistan’s top 40 public and private sector conglomerates along with the country’s initial list of potential dollar-billionaire business groups.
The Economic Policy and Business Dialogue (EPBD) issued a report highlighting 20 top public-listed conglomerates and 20 high-performing private groups across multiple sectors, including banking, cement, fertilizers, real estate, FMCG, IT, and media. According to the report, Fauji Foundation led the public-listed group rankings with assets worth 5.90 billion dollars, followed by Bestway/UBL Group with 4.51 billion dollars, and Yunus Brothers/Lucky Group with 2.59 billion dollars. Other major players in the list include Nishat Group/MCB, Engro Holdings, Meezan Bank, Arif Habib Group, Aga Khan Fund & HBL, Attock Group, and British American Tobacco Pakistan.
On the private sector side, the report recognized prospective dollar-billionaire groups such as Packages, Fatima, Sapphire, 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. EPBD noted that these corporate giants not only generate large-scale employment but also contribute billions to the national exchequer. It added that with the right policies, their overall impact on Pakistan’s economy could double within the next decade.
EPBD CEO Ahmad Nawaz Sukhera stressed that Pakistan’s economic issues cannot be solved by the government alone. He said strategic partnerships between policymakers and business leaders are crucial, while suggesting internships for senior civil servants in top corporations to bridge policy and business gaps. The rankings underline the private sector’s potential to drive sustainable growth if supported by effective governance and a stable regulatory environment.


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