20 long-form profiles of PSX companies beyond the KSE-100 — textile finishers, food brands from Mitchell's to Unity Foods, and Pakistan's second tier of drugmakers. Educational content only, not financial advice. Continue with the previous page, the first market guides or the 44 Learn guides.
Founded in Karachi in 1992 and listed in 2017, Macter built its name making medicines for multinationals — and now pairs contract work with its own brands.
Started in 1997 as a Searle subsidiary, IBL HealthCare markets nutrition, medical disposables and devices for global partners — a marketer, not a factory.
Engro's listed IPP runs a 217 MW combined-cycle plant at Qadirpur on once-flared permeate gas, selling power to the national grid under a 25-year PPA.
Incorporated in 2004 and running since 2010, Saif Power's 225 MW RLNG combined-cycle plant near Sahiwal is the Saif group's listed window on Pakistan's power sector.
Built by America's AES under the 1994 power policy and bought by a Nishat-led consortium in 2010, Lalpir's 362 MW oil-fired plant is a fixture of the IPP era.
A Saigol-Tomen venture built in the 1990s fast-track rush, Kohinoor Energy's 124 MW Wärtsilä engine plant near Lahore has outlived the era that created it.
Incorporated in 1963 at Korangi, National Refinery is Pakistan's only lube base oil producer — the Attock-group refinery behind the country's lubricant supply.
Incorporated in May 1960 by a four-company oil consortium, Pakistan Refinery still runs its Korangi hydroskimming plant while promising a deep-conversion upgrade.
Founded in 2001 and listed in 2014, Hascol sprinted to the front rank of oil marketers, then collapsed into Pakistan's largest corporate lending scandal.
From a 1997 trading partnership importing Korea's ZIC oils, Hi-Tech Lubricants built its own blending plant, listed first on the new PSX in 2016 and added fuel retail.
Pakistan's Shell since the Burmah-Shell days of 1947, the fuel retailer became Saudi-owned Wafi Energy Pakistan in 2024 — same pumps, new century of owners.
Born in Lahore in 1996, NetSol sells the software that runs car finance and leasing for global lenders — a dollar-earning exporter hiding in plain sight on the PSX.
From PLC programming in 1989 Lahore to Gulf automation contracts and a 2013 IPO, Avanceon is the engineer that taught the PSX to price an industrial-tech story.
Carved out of Avanceon and floated in a heavily oversubscribed 2021 IPO, Octopus Digital sells factories a subscription view of their own machines, Pakistan-style.
Two decades after starting as a Karachi digital agency in the dial-up era, Symmetry listed on the PSX main board in 2023, the market's only pure advertising name.
Incorporated in 1992 to run payphones, Telecard outlived its own product; its future now rides on Supernet, the data business it listed inside a technology group.
Payphones in 1996, Omantel in 2008, cable and broadband ever since — WorldCall is the Lahore telecom that every shakeout was supposed to finish and somehow did not.
Founded by Sultana Siddiqui in 2004 and listed in 2005, Hum turned the Pakistani serial into an export, with dramas watched worldwide and paid for by advertisers.
Created in 2024 to hold PIA's debts, hotels and property while the airline was cleaned for sale, PIA Holding is an airline story without the airline itself.
Formed in 1979 from nationalised shipping lines and a state fleet dating to 1963, PNSC is Pakistan's only listed shipping line, running tankers and bulk carriers.
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