According to a poll conducted by UK-based newspaper Eastern Eye, Mahira ranked 10th, while Bollywood diva Priyanka Chopra topped the list.
Mahira Khan is a new addition to the list which is published every year for almost a decade now.
The Pakistani actress will be making her Bollywood debut alongside megastar Shah Rukh Khan in Raees.
Indian actress Sanaya Irani is ranked second.
While TV actress Drashti Dhami is third on the list of 50.
Surprisingly, Bollywood queen Deepika Padukone is ranked number four this year.
Katrina Kaif, who was declared the Sexiest Asian Woman in 2014, was ranked fifth.
Kareena Kapoor Khan and Sonam Kapoor secured seventh and ninth spots, respectively.
Much to our surprise, Mahira is not the only Pakistani celebrity on the list. Supermodel Mehreen Syed secured 38th rank this year and has consistently been voted among top 50 Sexiest Asian Women since 2009.
“What continues to make this list really special is the strong presence of ‘real women’ who the public can relate to. Most fans look at the all-round qualities of those they are voting for and that is why more women than men vote annually,” said Asjad Nazir, Eastern Eye Entertainment Editor and founder of the list.
The complete list of 2015’s 50 Sexiest Asian Women was published in Eastern Eye on December 11.