Transparency International Pakistan released the Transparency in Corporate Reporting Assessment (TRAC) 2026, which evaluated 104 public limited companies listed on the Pakistan Stock Exchange. The report recorded an average score of 6.67 out of 10, or 66.73 per cent, for the assessed firms.
This figure represents a decline from the previous report, which showed an average score of 72.3 per cent across 69 companies. Oil and Gas Development Company (OGDC) achieved the highest individual score of 92.71 per cent.
Fauji Cement Company Limited followed with a score of 91.67 per cent, while Sazgar Engineering Works Limited recorded 91.04 per cent. Organisational transparency and domestic financial reporting both averaged high marks of 92.49 per cent and 92.50 per cent, respectively.
Anti-corruption programmes received an average score of 53.41 per cent, with OGDC, Fatima Fertiliser Company Limited, Pakistan Tobacco Company Limited and Lucky Core Industries Limited recording the highest marks in this category. ESG disclosures averaged 47.84 per cent, while human rights and corporate social responsibility (CSR) disclosures averaged only 45.98 per cent.
Only Fauji Cement Company Limited achieved full transparency in human rights and CSR disclosures, though 11 companies were classified as significantly transparent in those areas. Gender, non-discrimination and disability inclusion recorded an average score of 68.11 per cent.
The assessment was based on annual reports for 2024 and 2025. For the 63 companies assessed in both editions, the average overall score increased by approximately 8.9 per cent, rising from 72.01 per cent to 78.45 per cent.
