May 2026
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Largest Public Companies in Pakistan
Benchmark revenue and EBITDA valuation multiples for public comps like
OGDC, VEON, Meezan Bank, MCB Bank and Pakistan Tobacco.
 | Oil & Gas Development Co Ltd is a Pakistani state-owned oil and gas exploration and production company. It operates a broad portfolio of oil and gas fields across Pakistan, focusing on exploring, developing, producing, and selling crude oil, natural gas, liquefied petroleum gas, and sulfur. The company generates revenue through the sale of these petroleum products, supplying sectors like power generation, fertilizer, and distribution companies. The company also pursues opportunities to expand domestically and internationally, including involvement in mining and energy projects beyond Pakistan. | $1 | +52% | $5B | $4B | 2.7x | 3.4x | ||
| VEON Ltd is a United Arab Emirates-based digital operator providing connectivity and Internet services to corporations and individuals. The company offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. The company's reportable segments consist of the following five segments: Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. It provides its services under the Beeline, Kyivstar, Banglalink, and Jazz brands. It generates the majority of its revenue from Pakistan. | $55 | +5% | $4B | $7B | 1.6x | 3.3x | ||
| Meezan Bank Ltd is an Islamic commercial bank registered in Pakistan. It is engaged in corporate, commercial, consumer, investment and retail banking activities. The group also provides credit facilities for import finance, export re-finance, long-term finance, documentary credit requirements and project financing needs of customers. In addition, it offers investment banking solutions, commercial banking as well as providing diverse financial solutions to small and medium enterprises. Its reportable segments are Corporate and Commercial Banking, Retail Banking, Trading and Sales, and Others. The Bank operates only in Pakistan. | $2 | +53% | $3B | $3B | 3.1x | — | ||
| MCB Bank Ltd is a commercial banking company operating in Pakistan. The bank provides services through its segments such as Retail Banking, Corporate Banking, Consumer Banking, Treasury, International banking and others. The majority of the bank's revenues are generated from the Retail banking segment, which includes retail lending and deposits, banking services, cards, and branchless banking. Retail banking offers services such as retail and private lending & deposits and other banking services offered to individual customers and small and medium-term companies. MCB Bank derives majority of its business from its domestic operations. It also has branches across South Asia and the Middle East. | $1 | +46% | $2B | $2B | 2.4x | — | ||
| Pakistan Tobacco Co Ltd is engaged in the manufacturing and distribution of cigarettes, tobacco, VELO, and VUSE. Its products are marketed through brands like Dunhill, Gold Flake, John Player, Embassy, Capstan, and others. Geographically, the company generates a majority of its revenue from its domestic market and also exports its products to other countries. | $5 | +16% | $1B | $1B | 2.5x | 6.3x | ||
| Pakistan Telecommunication Co Ltd is a telecom company. It is mainly engaged in providing telecommunication services such as wireline and wireless services, interconnects, data services, and equipment sales. The services provided by the company include high-speed internet, smart tv, mobile services, landline services, digital services such as managed Wi-Fi, smart radios, point-to-multipoint and cloud services in the realm of IaaS (Infrastructure as a Service), and hosting services. The company operates in three operating segments i.e. fixed-line communications (Wireline) which generates key revenue, wireless communications (Wireless), and banking. | $0 | +104% | $949M | $2B | 2.3x | 7.3x | ||
| Systems Ltd is principally engaged in the business of software development, trading of software, and business process outsourcing services. It is organized into business units based on their geographical areas and has reportable operating segments as follows: North America, the Middle East Africa, Pakistan and Europe. Geographically the company receives maximum revenue from Middle East. Its service portfolio comprises archiving services, indexing, data entry, systems re-engineering, application development and maintenance, process consulting, and staff augmentation. | $1 | +36% | $780M | $738M | 2.6x | 15.2x | ||
| PIA Holding Company Ltd is a company principal activity is to provide commercial air transportation, which includes passenger, cargo and postal carriage services. Other activities of the Holding Company include provision of engineering and allied services. The Company principally earns revenue from the carriage of passengers, cargo, mail and excess baggage and provision of handling services to other airlines, engineering services, air charters and related activities. | $0 | +20% | $582M | $2B | 2.4x | 17.5x | ||
| Faysal Bank Ltd offers a wide range of banking services to all customer segments, i.e. retail, small and medium-sized enterprises, commercial, agri-based, and corporate. The bank operates in Pakistan. The services provided by the bank include Personal banking, business banking, wealth management, e-banking, etc. The company's business segment consists of Retail banking, Corporate and investment banking, Treasury and equity capital market (ECM), Special asset management (SAM), and Others. | $0 | -- | $475M | $610M | 1.7x | — | ||
| Askari Bank Ltd operates as a bank in Pakistan. The bank operates its business through segments namely Branch banking; Corporate banking; Treasury; Consumer banking; Islamic banking; Foreign operations; and Others. The bank generates maximum revenue from the Branch banking segment. The Branch banking segment consists of loans, deposits, and other banking services including branchless banking services to small enterprises, medium enterprises, agriculture, and individual customers. Geographically, it derives a majority of its revenue from Pakistan. | $0 | -- | $466M | $1B | 3.0x | — | ||
| Murapol SA is a residential developers in Poland. residential developers in Poland. It has completed 81 multiphase development projects, comprising 411 buildings and about 29,800 units and offers affordable and affordable premium, predominantly two- and three-room units with an area of 35 to 55 m2. | $11 | +5% | $453M | $581M | 1.3x | 6.9x | ||
| GlaxoSmithKline Pakistan Ltd is engaged in the research, development, and manufacturing of pharmaceutical medicines, vaccines, and consumer healthcare products. It is involved in Anti-infective, Respiratory, Vaccines, Dermatological, Gastrointestinal, Analgesics, Urology, Central Nervous System, Allergy, Cardiovascular, and Vitamins therapy areas. The operating business divisions are Pharmaceuticals and Consumer Healthcare. The pharmaceutical brands of the company include Augmentin, Seretide, Amoxicillin, Velosef, Zantac, and Calpol, and prominent vaccines include Synflorix, Infanrix Hexa, Rotarix, Engerix-B, Havrix, and Cervarix. The company derives maximum revenue from the Pharmaceuticals segment. | $1 | -12% | $379M | $345M | 1.5x | 5.3x | ||
| Maple Leaf Cement Factory Ltd is engaged in the business of manufacturing and sale of cement. Geographically, it derives majority of its revenue from Asia and has a presence in Africa. Its product offering includes various types of cement such as sulfate resistant cement, low alkali cement, white cement, wall coat cement, and ordinary Portland cement. | $0 | -- | $309M | $576M | 2.3x | 6.6x | ||
| Abbott Laboratories (Pakistan) Ltd manufactures, imports, and markets research-based pharmaceutical, nutritional, diagnostic, diabetes care, molecular devices, hospital, and consumer products. Its operating segments are Pharmaceutical, Nutritional, Diagnostics, and Others. It generates maximum revenue from the Pharmaceutical segment. Geographically, it derives the majority of its revenue from Pakistan and has a presence in Afghanistan, Sri Lanka, Bangladesh, and Switzerland. Its Brands include Duphaston, Brufen, Surbex Z, Arinac, Glucerna, Pediasure, and Ensure. | $3 | -10% | $301M | $258M | 1.0x | 4.6x | ||
| The Searle Co Ltd is principally engaged in the manufacturing and sale of pharmaceutical, consumer health, and nutritional products. It manufactures and sells products such as Semavi, Dalimab, Extor, Tramal, Rotec, Hylixi, Emsyn, and many more, focusing on various therapeutic areas like cardiovascular, antibiotics, nutrition, respiratory care, gastroenterology, oncology, hepatology, neurology and psychiatry, probiotics, antibiotics, and nutritional care. Additionally, the group offers medical devices and disposables, health supplements, and various nutritional consumable products. The majority of the group's revenue consists of pharmaceutical sales. Geographically, it generates maximum revenue from Pakistan, and rest from Sri Lanka, Cambodia, Myanmar, Oman, Vietnam, and other countries. | $0 | +11% | $181M | $207M | 2.0x | 12.5x | ||
| Pakistan Stock Exchange Ltd is engaged in conducting, regulating and controlling the trade or business of purchasing, selling and trading in debentures stock, government papers, shares, scrips, stocks, bonds, loans, and any other instruments and securities. The products of the company involve Equity Segments, known as Ready Market (T+2), Bills & Bonds (for trading in government debt securities & corporate debt), Futures Counter, Deliverable Futures Contracts, Stock Index Futures, Negotiated Deal Market, REIT, Exchange Traded Funds and GEM Board. | $0 | +36% | $104M | $94M | 11.9x | 58.5x | ||
| TPL Properties Ltd is a Pakistan-based real estate development company. It is engaged in developing, selling, investing, purchasing, renting, and disposing of real estate assets including commercial and residential buildings, houses, shops, plots, or other premises. The projects of the company include Centre Point, Tech park, Mangrove and One Hoshang. | $0 | -- | $16M | $16M | — | — | ||
| Median | $1 | +20% | $475M | $738M | 2.4x | 6.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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