By Rafiq Vayani
DUBAI/KARACHI: Engro Corporation and its subsidiaries Engro Fertilizers, Engro Polymer & Chemicals and Engro Powergen Qadirpur, were presented the prestigious Pakistan Stock Exchange Top 25 Companies awards by the caretaker Honourable Prime Minister Mr. Anwaar ul Haq Kakar at a ceremony held in Karachi.
Chairman Engro Corporation Hussain Dawood, who was invited to address the distinguished guests, appreciated the Government for recognizing the pivotal role of private sector towards the economy of Pakistan. He said that the corporate sector is fully aligned with the direction being set by the Government to create a conducive business environment and restore investor confidence. Hussain Dawood also thanked the Pakistan Stock Exchange for playing an instrumental role in encouraging the corporate sector to excel.
Reflecting on investor confidence, Chairman Engro Hussain Dawood said that “A country’s potential for success and development is directly proportional to its ability to speak the truth. Do we speak the truth? Domestic and foreign investors will invest if they believe we speak the truth.”
In his speech, caretaker Honourable Prime Minister Mr. Anwaar ul Haq Kakar said he personally felt proud of inspiring individuals like Hussain Dawood, who is an emblem of resilience, humility, and accomplishments. He acknowledged the contributions of Hussain Dawood towards philanthropy, business landscape and the country.
Every year, PSX acknowledges the performance of listed companies based on a comprehensive quantitative criterion, which includes strong corporate governance, transparency, excellent financial and managerial performance, and compliance with Listing of Companies and Securities Regulations. In terms of qualitative criteria, PSX selected high-performing listed companies based on Corporate Social Responsibility (CSR), reporting on SDGs, ESG-related initiatives including Diversity & Inclusivity, among other considerations.
