Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Apr-24 Maintain BBB A2 Stable -
2 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 23-Apr-24 Maintain A- A1 Stable Yes
3 Alfalah CLSA Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Apr-24 Maintain BFR 2+ Stable Yes
4 ABL Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Initial AA+(f) Stable -
5 ABL Islamic Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Initial AA+(f) Stable -
6 ABL Financial Sector Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Initial A+(f) Stable -
7 ABL Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Maintain AA+(f) Stable Yes
8 New Horizon Computer
Press Release | Report | History
Technology Entity 20-Apr-24 Maintain BB+ A3 Stable -
9 Asif Rice Mills
Press Release | Report | History
Rice Entity 19-Apr-24 Maintain BBB+ A2 Stable -
10 National Foods Limited
Press Release | Report | History
Food Products Entity 19-Apr-24 Maintain AA- A1 Stable -
11 Flying Cement Company Limited
Press Release | Report | History
Cement Entity 19-Apr-24 Maintain A- A2 Stable Yes
12 Faysal Financial Sector Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 19-Apr-24 Downgrade A+(f) Stable -
13 The United Insurance Company of Pakistan Limited
Press Release | Report | History
General Insurance IFS 19-Apr-24 Maintain AA+ (ifs) Stable -
14 786 Smart Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
15 Faysal Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable -
16 Faysal Halal Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable Yes
17 Atlas Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
18 Atlas Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
19 Faysal Savings Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable Yes
20 Atlas Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable -
21 Atlas Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
22 Atlas Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA+(f) Stable -
23 Atlas Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA+(f) Stable -
24 Faysal Income and Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain A(f) Stable -
25 Faysal MTS Fund (FMTSF)
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
26 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Steel Debt Instrument 15-Apr-24 Maintain A+ Stable -
27 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 09-Apr-24 Maintain A+ A1 Stable -
28 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
29 NBP Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
30 NBP Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
31 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
32 NBP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
33 Alfalah GHP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA+(f) Stable -
34 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
35 Alfalah GHP Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
36 NBP Income Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
37 NBP Riba Free Saving Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
38 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
39 NBP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
40 AWT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA+(f) Stable -
41 AWT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
42 NBP Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
43 AWT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
44 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Commercial Bank Debt Instrument 08-Apr-24 Initial A Stable -
45 Lucky Electric Power Company Limited
Press Release | Report | History
Power Entity 08-Apr-24 Maintain AA A1+ Stable -
46 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Spinning Entity 08-Apr-24 Maintain A- A2 Stable -
47 Shahzad Textile Mills Limited
Press Release | Report | History
Spinning Entity 08-Apr-24 Maintain A- A2 Stable Yes
48 Noon Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB+ A2 Stable -
49 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain A- A2 Stable -
50 Mehran Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain A- A2 Stable -
51 Jauharabad Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB+ A2 Stable -
52 SGM Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB A2 Stable -
53 Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | TBI
Press Release | Report | History
Steel Debt Instrument 05-Apr-24 Preliminary A+ A1 Stable -
54 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 05-Apr-24 Maintain A- A2 Stable -
55 JS Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA(f) Stable -
56 JS Government Securities Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA(f) Stable -
57 JS Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain A+(f) Stable -
58 JS Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA-(f) Stable -
59 JS Microfinance Sector Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain A(f) Stable -
60 JS Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA+(f) Stable -
61 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Power Entity 05-Apr-24 Upgrade A+ A1 Stable -
62 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 05-Apr-24 Upgrade A+ A1 Stable -
63 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Power Entity 04-Apr-24 Maintain AA A1+ Stable -
64 International Business Management
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB+ A3 Stable -
65 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB A3 Stable -
66 Madiha International (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB A3 Stable -
67 First Capital Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 03-Apr-24 Maintain AM4++ Stable -
68 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Commercial Bank Debt Instrument 03-Apr-24 Initial AA- Stable -
69 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24
Press Release | Report | History
Industrial Gases Debt Instrument 03-Apr-24 Initial A+ Stable -
70 Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | TBI
Press Release | Report | History
Power Debt Instrument 01-Apr-24 Preliminary AA A1+ Stable -
71 Mount Fuji Textiles Limited
Press Release | Report | History
Composite and Garments Entity 30-Mar-24 Maintain BBB A2 Positive -
72 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 29-Mar-24 Maintain BBB A2 Stable -
73 Masood Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 29-Mar-24 Maintain A- A2 Stable -
74 Sindh Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Mar-24 Maintain A- A2 Stable -
75 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Spinning Entity 29-Mar-24 Maintain BBB- A2 Stable -
76 Sargodha Jute Mills Limited
Press Release | Report | History
Jute Entity 29-Mar-24 Maintain A- A2 Stable -
77 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Mar-24 Maintain BBB A2 Stable -
78 Alfalah GHP Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA+(f) Stable -
79 NBP Government Securities Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA-(f) Stable -
80 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA+(f) Stable -
81 NBP Government Securities Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AAA(f) Stable -
82 UBL Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA+(f) Stable -
83 NBP Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain A+(f) Stable -
84 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Microfinance Entity 28-Mar-24 Maintain BBB A3 Stable -
85 JWS Pakistan
Press Release | Report | History
Microfinance Entity 28-Mar-24 Maintain BBB A3 Stable -
86 Lucky Electric Power Company Limited | PPSTS-16 | PKR 7bln | Feb24
Press Release | Report | History
Power Debt Instrument 28-Mar-24 Initial AA A1+ Stable -
87 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 27-Mar-24 Maintain BB+ A3 Stable -
88 H. Sheikh Noor-ud-Din & Sons (Private) Limited
Press Release | Report | History
Relief Entity 26-Mar-24 Upgrade BBB+ A2 Stable -
89 Gharibwal Cement Limited
Press Release | Report | History
Cement Entity 25-Mar-24 Maintain A A2 Stable -
90 Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | TBI
Press Release | Report | History
Power Debt Instrument 25-Mar-24 Preliminary AA A1+ Stable -
91 Dr. Arslan Razaque Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 22-Mar-24 Initial BFR 3 Stable -
92 Kohinoor Energy Limited
Press Release | Report | History
Power Entity 22-Mar-24 Maintain AA A1+ Stable -
93 Fecto Cement Limited
Press Release | Report | History
Cement Entity 22-Mar-24 Maintain A- A2 Stable Yes
94 Halmore Power Generation Company Limited
Press Release | Report | History
Power Entity 22-Mar-24 Maintain AA- A1 Stable -
95 Alfalah GHP Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 22-Mar-24 Maintain AA-(f) Stable -
96 NBP Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 22-Mar-24 Maintain AA-(f) Stable -
97 K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar’24
Press Release | Report | History
Power Debt Instrument 22-Mar-24 Preliminary AA A1+ Stable -
98 Warble (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-24 Maintain BBB- A2 Stable -
99 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-24 Maintain BBB- A2 Stable -
100 Saif Power Limited
Press Release | Report | History
Power Entity 21-Mar-24 Maintain AA- A1 Stable -
101 KTM Leather (Pvt.) Limited
Press Release | Report | History
Leather Entity 21-Mar-24 Maintain BBB+ A2 Stable Yes
102 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Weaving Entity 20-Mar-24 Maintain A A1 Stable -
103 AWT Financial Sector Income Fund
Press Release | Report | History
Asset Managers Stability Rating 20-Mar-24 Maintain A+(f) Stable -
104 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Commercial Bank Entity 19-Mar-24 Initial BBB+ A2 Stable -
105 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Metals Entity 18-Mar-24 Upgrade A- A2 Stable -
106 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Social Impact and Performance Rating 17-Mar-24 Maintain SIP2 Positive -
107 Descon Engineering Limited
Press Release | Report | History
Construction Entity 15-Mar-24 Maintain AA- A1 Stable -
108 Unicol Limited
Press Release | Report | History
Sugar Entity 15-Mar-24 Maintain A A1 Stable -
109 Aba Ali Habib Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Mar-24 Initial BFR 2 Stable -
110 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Sugar Entity 15-Mar-24 Maintain BBB+ A2 Stable -
111 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 15-Mar-24 Maintain A- A2 Stable -
112 Fauji Cement Company Limited
Press Release | Report | History
Cement Entity 15-Mar-24 Maintain AA- A1+ Stable -
113 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Mutual Funds Stability Rating 13-Mar-24 Initial AA(f) Stable -
114 NBP Government Securities Plan - IV
Press Release | Report | History
Mutual Funds Stability Rating 13-Mar-24 Initial AA(f) Stable -
115 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 13-Mar-24 Upgrade BBB+ A2 Stable -
116 ARY Communications Limited
Press Release | Report | History
Media Entity 12-Mar-24 Initial A A1 Stable -
117 Lakson Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 11-Mar-24 Maintain A+(f) Stable Yes
118 Lakson Islamic Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 11-Mar-24 Maintain AA(f) Stable -
119 Lakson Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 11-Mar-24 Maintain AA+(f) Stable -
120 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 08-Mar-24 Maintain BFR 3+ Stable -
121 MCB DCF Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
122 Pakistan Income Enhancement Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain A+(f) Stable -
123 Alhamra Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
124 MCB Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA+(f) Stable -
125 Alhamra Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
126 NIT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
127 Pakistan Cash Management Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA+(f) Stable -
128 NIT Government Bond Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA(f) Stable -
129 MCB Pakistan Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
130 NIT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
131 AKD Aggressive Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain A+(f) Stable -
132 AKD Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain AA+(f) Stable -
133 AKD Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain AA-(f) Stable -
134 AKD Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain AA(f) Stable -
135 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Mar-24 Maintain AA- A1 Stable -
136 Mahaana Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 06-Mar-24 Initial AA+(f) Stable -
137 Newage Cables (Pvt.) Limited
Press Release | Report | History
Distribution | Electricity Entity 04-Mar-24 Initial A- A2 Stable -
138 D.G. Khan Cement Company Limited
Press Release | Report | History
Cement Entity 01-Mar-24 Maintain AA- A1+ Stable -
139 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB- A3 Stable Yes
140 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB A2 Stable Yes
141 Adamjee Insurance Company Limited
Press Release | Report | History
General Insurance IFS 01-Mar-24 Maintain AA++ (ifs) Stable -
142 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB A2 Stable -
143 JS Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AA+(f) Stable -
144 Masood Spinning Mills Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain A- A2 Stable -
145 Pakistan Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AA-(f) Stable -
146 NIT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AAA(f) Stable Yes
147 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AA+(f) Stable -
148 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Non-Banking Finance Companies Entity 01-Mar-24 Maintain AA+ A1+ Stable -
149 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non-Banking Finance Companies Entity 01-Mar-24 Maintain AA A1+ Stable -
150 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
POL Distribution - OMCs & Dealers Debt Instrument 01-Mar-24 Maintain AA- Stable -
151 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non-Banking Finance Companies Debt Instrument 01-Mar-24 Maintain AA+ Stable -
152 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Media Entity 01-Mar-24 Maintain BBB+ A2 Stable -
153 Poly Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 01-Mar-24 Maintain A- A2 Stable -
154 Faysal Special Savings Fund
Press Release | Report | History
Mutual Funds Capital Preservation Rating 29-Feb-24 Initial CP2+ Stable -
155 AL Habib Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA(f) Stable -
156 AL Habib Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA(f) Stable -
157 AL Habib Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA(f) Stable -
158 AL Habib Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA+(f) Stable -
159 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | TBI
Press Release | Report | History
Debt Instrument 29-Feb-24 Preliminary AA A1 Stable -
160 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Power Debt Instrument 28-Feb-24 Maintain AA- Stable -
161 Faysal Islamic Special Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 26-Feb-24 Initial AA(f) Stable -
162 Kashf Foundation
Press Release | Report | History
Microfinance Entity 23-Feb-24 Upgrade A A1 Stable -
163 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Feb-24 Maintain A+ A1 Stable -
164 IGI General Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Feb-24 Maintain AA+ (ifs) Stable -
165 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 23-Feb-24 Maintain A- A2 Stable -
166 Select Technologies (Pvt.) Limited
Press Release | Report | History
Mobile Phone and Allied Products Entity 23-Feb-24 Initial A A1 Stable -
167 Airlink Communication
Press Release | Report | History
Mobile Phone and Allied Products Entity 23-Feb-24 Upgrade A+ A1 Stable -
168 Airlink Communication Limited | PPSTS-I | PKR 3bln | Mar-24
Press Release | Report | History
Telecommunication Debt Instrument 23-Feb-24 Preliminary A+ A1 Stable -
169 FINCA Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 23-Feb-24 Downgrade BBB+ A3 Negative Yes
170 Jubilee Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 22-Feb-24 Maintain AA++ (ifs) Stable -
171 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Spinning Entity 22-Feb-24 Maintain A- A2 Stable -
172 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 21-Feb-24 Maintain A+ A1 Stable -
173 Liberty Wind Power 1 Limited
Press Release | Report | History
Power Entity 20-Feb-24 Maintain A A2 Stable -
174 Liberty Wind Power 2 Limited
Press Release | Report | History
Power Entity 20-Feb-24 Maintain A A2 Stable -
175 Sapphire Electric Company Limited
Press Release | Report | History
Power Entity 19-Feb-24 Maintain AA- A1+ Stable -
176 TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23
Press Release | Report | History
Real Estate Debt Instrument 19-Feb-24 Initial A+ A1 Stable -
177 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Microfinance Debt Instrument 17-Feb-24 Maintain AA- Stable -
178 Maqbool Textile Mills Limited
Press Release | Report | History
Spinning Entity 16-Feb-24 Maintain BBB+ A2 Stable Yes
179 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 16-Feb-24 Maintain A- A2 Stable -
180 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 16-Feb-24 Maintain A A1 Stable -
181 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Sugar Entity 16-Feb-24 Maintain BBB A2 Positive -
182 AKD Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Feb-24 Same 4-Star 4-Star -
183 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Mutual Funds Stability Rating 16-Feb-24 Maintain A+(f) Stable -
184 Golden Arrow Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Feb-24 Declined 4-Star 3-Star -
185 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 16-Feb-24 Maintain A+(f) Stable Yes
186 Gul Ahmed Electric Limited
Press Release | Report | History
Power Entity 16-Feb-24 Maintain A A2 Stable -
187 AKD Opportunity Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Feb-24 Declined 3-Star 2-Star -
188 Askari High Yield Scheme
Press Release | Report | History
Mutual Funds Stability Rating 16-Feb-24 Maintain A(f) Stable -
189 Nishat Paper Products Company Limited
Press Release | Report | History
Paper and Packaging Entity 16-Feb-24 Maintain A A1 Stable -
190 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 16-Feb-24 Maintain BBB A2 Stable -
191 Lucky Electric Power Company Limited | PPSTS-15 | PKR 6bln | Dec23
Press Release | Report | History
Power Debt Instrument 16-Feb-24 Initial AA A1+ Stable -
192 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 14-Feb-24 Maintain AA- Stable -
193 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Commercial Bank Debt Instrument 14-Feb-24 Maintain AA- Stable -
194 K-Electric Limited - PPSTS-XXII | PKR 5.0 Bln | Jan'24
Press Release | Report | History
Power Debt Instrument 14-Feb-24 Initial AA A1+ Stable -
195 Faysal Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Declined 3-Star 3-Star -
196 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Declined 4-Star 3-Star -
197 Faysal Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Declined 1-Star 1-Star -
198 NBP Balanced Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 4-Star 3-Star -
199 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
200 Pak Qatar Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star -
201 NBP Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Improved 4-Star 4-Star -
202 NBP Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
203 NBP Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
204 First Capital Mutual Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
205 K-Electric Limited | PPSTS-23 | PKR 5bln | Feb’24
Press Release | Report | History
Power Debt Instrument 14-Feb-24 Preliminary AA A1+ Stable -
206 BMA Investment Advisors Limited (Formerly BMA Asset Management Company Limited)
Press Release | Report | History
Asset Managers Investment Advisor Rating 09-Feb-24 Upgrade AM2+ (ia) Stable -
207 Askari General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 07-Feb-24 Maintain AA+ (ifs) Stable -
208 Pak Qatar General Takaful Limited
Press Release | Report | History
General Insurance IFS 07-Feb-24 Maintain A+ (ifs) Stable -
209 Ibrahim Fibres Limited
Press Release | Report | History
Polyester Entity 07-Feb-24 Maintain AA A1+ Stable -
210 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB+ A2 Stable -
211 Punjab Oil Mills Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB+ A2 Stable -
212 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain A- A2 Stable -
213 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB- A3 Positive -
214 Denim-E (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 07-Feb-24 Maintain BBB- A2 Stable -
215 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Steel Debt Instrument 06-Feb-24 Initial AA- Stable -
216 Salaam Takaful Limited (Formerly: Takaful Pakistan Limited)
Press Release | Report | History
General Insurance IFS 02-Feb-24 Maintain A++ (ifs) Stable -
217 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Microfinance Debt Instrument 02-Feb-24 Maintain A- Stable -
218 Sindh Insurance Limited
Press Release | Report | History
General Insurance IFS 31-Jan-24 Maintain A++ (ifs) Stable -
219 Jasons Commodities
Press Release | Report | History
Rice Entity 31-Jan-24 Upgrade BBB A2 Stable -
220 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 30-Jan-24 Maintain A- A2 Negative Yes
221 Ghani Chemical Industries Limited | Sukuk | Feb-17
Press Release | Report | History
Industrial Gases Debt Instrument 29-Jan-24 Maintain A Stable -
222 Al Barka Fabrics (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain BBB+ A2 Stable -
223 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain BBB- A2 Stable -
224 KAM International
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain A- A2 Stable -
225 Crescent Star Insurance Limited
Press Release | Report | History
General Insurance IFS 26-Jan-24 Maintain A (ifs) Stable Yes
226 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-24 Maintain A- A1 Stable -
227 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Construction Entity 26-Jan-24 Maintain BBB A2 Positive -
228 Zahir Khan & Brothers
Press Release | Report | History
Construction Entity 23-Jan-24 Maintain A A2 Stable -
229 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Jan-24 Maintain BBB A2 Stable -
230 Oursun Pakistan Limited
Press Release | Report | History
Power Entity 22-Jan-24 Maintain A A1 Stable -
231 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 20-Jan-24 Upgrade BBB A2 Stable -
232 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Microfinance Debt Instrument 19-Jan-24 Downgrade C Negative Yes
233 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Jan-24 Maintain BBB A2 Stable -
234 BRB Properties Builders and Developers
Press Release | Report | History
Real Estate Entity 17-Jan-24 Maintain BB+ A3 Stable -
235 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 17-Jan-24 Maintain BBB A2 Stable -
236 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Power Entity 16-Jan-24 Maintain A- A2 Stable -
237 Loads Limited
Press Release | Report | History
Automotive Parts Entity 16-Jan-24 Maintain A A1 Negative Yes
238 University of Management and Technology
Press Release | Report | History
Education Entity 15-Jan-24 Initial A- A2 Stable -
239 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Hotel & Retail Industry Entity 12-Jan-24 Initial AA A1 Stable -
240 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jan-24 Maintain AA- Stable Yes
241 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jan-24 Maintain AA- Stable -
242 Kohat Cement Company Limited
Press Release | Report | History
Cement Entity 12-Jan-24 Upgrade A+ A1 Stable -
243 Ahmed Hassan Spinning Limited
Press Release | Report | History
Spinning Entity 11-Jan-24 Maintain BBB A2 Negative Yes
244 Pak Elektron Limited | PPSTS | PKR 2bln | TBI
Press Release | Report | History
Household Appliances Debt Instrument 11-Jan-24 Preliminary A+ A1 Stable -
245 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 10-Jan-24 Maintain BBB A2 Stable -
246 Foundation Power Company Daharki Limited
Press Release | Report | History
Power Entity 05-Jan-24 Maintain AA- A1+ Stable -
247 Nishat Mills Limited | PPSTS | PKR 10bln | Nov-23
Press Release | Report | History
Composite and Garments Debt Instrument 05-Jan-24 Initial AA A1+ Stable -
248 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 05-Jan-24 Maintain A A1 Stable -
249 Alhamra Wada Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jan-24 Maintain AA(f) Stable -
250 MCB Pakistan Fixed Return Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jan-24 Maintain AA+(f) Stable -
251 Multi Resin Industries
Press Release | Report | History
Chemical Entity 03-Jan-24 Maintain BBB- A2 Stable -
252 JS Rental REIT
Press Release | Report | History
Real Estate Rental REIT Fund 03-Jan-24 Maintain A+(rr) Stable -
253 Al Ameen Islamic Income Fund
Press Release | Report | History
Asset Management Stability Rating 02-Jan-24 Initial AA(f) Stable -
254 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 30-Dec-23 Upgrade AA A1+ Stable -
255 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 30-Dec-23 Maintain A- A2 Stable -
256 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 29-Dec-23 Initial AA- A1 Stable -
257 Service Global Footwear Limited
Press Release | Report | History
Footwear Entity 29-Dec-23 Initial A+ A1 Stable -
258 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Initial A+ Positive -
259 JS Bank Limited
Press Release | Report | History
Commercial Bank Entity 29-Dec-23 Maintain AA- A1+ Positive -
260 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AA Stable -
261 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AAA Stable -
262 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AAA Stable -
263 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AA+ Stable -
264 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AA+ Stable -
265 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AAA Stable -
266 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AA Stable -
267 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain AA- Stable -
268 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain A+ Positive -
269 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Weaving Entity 29-Dec-23 Maintain BBB+ A2 Stable -
270 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Maintain A Positive -
271 JS Islamic Premium Fund
Press Release | Report | History
Non-Banking Finance Companies Stability Rating 29-Dec-23 Initial A(f) Stable -
272 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Power Entity 29-Dec-23 Maintain AA+ A1+ Stable -
273 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Furniture & Fixtures Entity 29-Dec-23 Maintain A- A2 Stable -
274 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 29-Dec-23 Maintain BBB A2 Stable -
275 The Bank of Punjab | Tier 2 Capital TFC | PKR 10bln | TBI
Press Release | Report | History
Commercial Bank Debt Instrument 29-Dec-23 Preliminary AA Stable -
276 Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | TBI
Press Release | Report | History
Power Debt Instrument 29-Dec-23 Preliminary AA- A1 Stable -
277 WAPDA Dasu TFC-E
Press Release | Report | History
Power Debt Instrument 29-Dec-23 Preliminary AAA Stable -
278 WAPDA Dasu Sukuk-E
Press Release | Report | History
Power Debt Instrument 29-Dec-23 Preliminary AAA Stable -
279 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Hotel & Retail Industry Debt Instrument 29-Dec-23 Downgrade BB A4 Negative Yes
280 Pakistan Services Limited
Press Release | Report | History
Hotel & Retail Industry Entity 29-Dec-23 Downgrade BB A4 Negative Yes
281 HBL Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 28-Dec-23 Maintain A+ A1 Stable -
282 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Healthcare Entity 28-Dec-23 Initial A- A2 Stable -
283 Alfalah Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Dec-23 Initial AA(f) Stable -
284 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Dec-23 Initial AA+(f) Stable -
285 Alfalah Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Dec-23 Initial A+(f) Stable -
286 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Bank Debt Instrument 28-Dec-23 Maintain AA Stable -
287 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Commercial Bank Debt Instrument 28-Dec-23 Maintain AA- Stable -
288 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Commercial Bank Debt Instrument 28-Dec-23 Maintain A+ Stable -
289 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Commercial Bank Debt Instrument 28-Dec-23 Maintain A Stable -
290 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Commercial Bank Debt Instrument 28-Dec-23 Maintain A Stable -
291 Al Rahim Textile Industries Limited
Press Release | Report | History
Towel Entity 28-Dec-23 Maintain A A1 Stable -
292 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Steel Entity 28-Dec-23 Maintain BB+ A3 Stable -
293 Cherat Cement Company Limited
Press Release | Report | History
Cement Entity 28-Dec-23 Maintain A+ A1 Stable -
294 JS Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Dec-23 Maintain AM2+ Stable -
295 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 26-Dec-23 Initial BBB+ A2 Stable -
296 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Microfinance Debt Instrument 23-Dec-23 Initial AAA Stable -
297 TPL REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 23-Dec-23 Maintain RM 3+ Stable -
298 TPL REIT Fund I
Press Release | Report | History
Real Estate REIT Fund Rating 23-Dec-23 Maintain RFR 3+ Stable -
299 Reliance Weaving Mills Limited
Press Release | Report | History
Composite and Garments Entity 22-Dec-23 Maintain A A2 Stable -
300 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | TBI
Press Release | Report | History
Technology Debt Instrument 22-Dec-23 Initial AA Stable -
301 5th Pillar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 22-Dec-23 Maintain A+ (ifs) Stable -
302 786 Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Dec-23 Maintain AM3 Stable -
303 TOTAL PARCO Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 22-Dec-23 Maintain AAA A1+ Stable -
304 Sayban International
Press Release | Report | History
Pesticides Entity 22-Dec-23 Maintain BBB- A2 Stable -
305 Tariq Glass Industries Limited
Press Release | Report | History
Glass Entity 22-Dec-23 Maintain A+ A1 Stable -
306 United Ethanol Industries Limited
Press Release | Report | History
Sugar Entity 22-Dec-23 Maintain A- A2 Stable -
307 Atlas Asset Management Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Dec-23 Maintain AM2+ Stable -
308 Pakistan National Shipping Corporation
Press Release | Report | History
Shipping Entity 22-Dec-23 Maintain AA A1+ Stable -
309 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 22-Dec-23 Initial BBB+ A2 Stable -
310 Siddiqsons Tinplate Limited
Press Release | Report | History
Paper and Packaging Entity 22-Dec-23 Maintain A- A2 Stable Yes
311 Cherat Packaging Limited
Press Release | Report | History
Paper and Packaging Entity 22-Dec-23 Maintain A A1 Positive -
312 Swat Agro Chemicals
Press Release | Report | History
Pesticides Entity 21-Dec-23 Maintain BBB- A2 Stable -
313 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-23 Maintain A- A2 Stable -
314 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-23 Maintain A- A2 Stable -
315 TPL Trakker Limited
Press Release | Report | History
Tracking Services Entity 21-Dec-23 Maintain A- A2 Stable -
316 EFG Hermes Pakistan Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Dec-23 Maintain BFR 2+ Stable -
317 EFG Hermes Pakistan Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Dec-23 Maintain BMR2+ Stable -
318 EFG Hermes Pakistan Limited
Press Release | Report | History
Brokerage & Securities Entity 21-Dec-23 Maintain A- A1 Developing Yes
319 EXIDE Pakistan Limited
Press Release | Report | History
Batteries Entity 21-Dec-23 Maintain BBB A2 Positive -
320 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Microfinance Debt Instrument 21-Dec-23 Maintain A- Negative Yes
321 IMM REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 20-Dec-23 Initial RM 3 Stable -
322 Pak Oman Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 20-Dec-23 Maintain AA(f) Stable -
323 WAPDA Dasu Sukuk-D
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Initial AAA Stable -
324 WAPDA Dasu TFC-D
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Initial AAA Stable -
325 WAPDA | PPTFC | May-17
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Maintain AAA - Stable -
326 Alhamra Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 15-Dec-23 Maintain AA+(f) Stable -
327 Arif Habib Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Dec-23 Maintain BFR 1 Stable -
328 WAPDA | Sukuk | May-17
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Maintain AAA - Stable -
329 Arif Habib Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 15-Dec-23 Maintain BMR1 Stable -
330 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 15-Dec-23 Maintain AA A1+ Stable -
331 MACPAC Films Limited
Press Release | Report | History
Paper and Packaging Entity 15-Dec-23 Upgrade BBB+ A2 Stable -
332 Sui Southern Gas Company Limited
Press Release | Report | History
Distribution | Gas Entity 15-Dec-23 Maintain A+ A1 Stable Yes
333 Venus Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Dec-23 Initial BFR 3 Stable -
334 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Construction Entity 14-Dec-23 Maintain A- A2 Stable -
335 Sapphire Retail Limited
Press Release | Report | History
Composite and Garments Entity 14-Dec-23 Maintain A- A2 Stable -
336 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-23 Maintain AA- A1 Stable -
337 JS Global Capital Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 14-Dec-23 Maintain BMR1 Stable -
338 JS Global Capital Limited
Press Release | Report | History
Brokerage & Securities Entity 14-Dec-23 Maintain AA A1+ Stable -
339 JS Global Capital Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Dec-23 Maintain BFR 1 Stable -
340 NRSP Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 14-Dec-23 Maintain A- A2 Negative Yes
341 Rural Community Development Programmes
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-23 Maintain SIP3++ Stable -
342 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-23 Maintain SIP3 Stable -
343 The Hub Power Company Limited | PPSTS | PKR 6bln | Nov-23
Press Release | Report | History
Power Debt Instrument 13-Dec-23 Initial AA+ A1+ Stable -
344 Pak Arab Refinery Limited
Press Release | Report | History
Refineries Entity 08-Dec-23 Maintain AAA A1+ Stable -
345 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 08-Dec-23 Upgrade A- A2 Stable -
346 Ismail Industries Limited
Press Release | Report | History
Food Products Entity 08-Dec-23 Maintain A+ A1 Stable -
347 Ismail Industries Limited | PPSTS | PKR 4bln | Feb 24
Press Release | Report | History
Food Products Debt Instrument 08-Dec-23 Preliminary A+ A1 Stable -
348 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food Products Entity 07-Dec-23 Initial A A1 Stable -
349 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Sugar Entity 01-Dec-23 Initial A A1 Stable -
350 Habib Insurance Company Limited
Press Release | Report | History
General Insurance IFS 01-Dec-23 Maintain A++ (ifs) Stable -
351 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 01-Dec-23 Maintain AA+ Stable -
352 Mughal Energy Limited
Press Release | Report | History
Power Entity 01-Dec-23 Maintain A A2 Stable -
353 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Dec-23 Maintain A+(f) Stable -
354 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Dec-23 Maintain AA(f) Stable -
355 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Dec-23 Maintain AA(f) Stable -
356 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Dec-23 Maintain AA(f) Stable -
357 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Dec-23 Maintain A(f) Stable -
358 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Dec-23 Maintain A+(f) Stable -
359 Zameen REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 30-Nov-23 Initial RM 2 Stable -
360 ABL Special Saving Fund
Press Release | Report | History
Asset Managers Capital Preservation Rating 30-Nov-23 Initial CP2+ Stable -
361 Zameen Five REIT
Press Release | Report | History
Real Estate REIT Fund Rating 30-Nov-23 Preliminary RFR 2+ Stable -
362 Dawood Equities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 30-Nov-23 Initial BFR 3+ Stable -
363 KSB Pumps Company Limited
Press Release | Report | History
Machinery Entity 29-Nov-23 Maintain A+ A1 Stable Yes
364 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 28-Nov-23 Initial A- A2 Stable -
365 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 28-Nov-23 Initial A- A2 Stable -
366 Reliance Insurance Company Limited
Press Release | Report | History
General Insurance IFS 24-Nov-23 Maintain A+ (ifs) Stable -
367 HUM Network Limited
Press Release | Report | History
Media Entity 24-Nov-23 Maintain A+ A1 Stable -
368 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Paper and Packaging Entity 24-Nov-23 Maintain A+ A1 Stable -
369 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Chemical Entity 24-Nov-23 Maintain BBB+ A2 Positive -
370 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Chemical Debt Instrument 24-Nov-23 Maintain A Stable -
371 Sapphire Finishing Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain A A1 Stable -
372 Be Be Jan Pakistan Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain BBB A2 Stable -
373 DIC Pakistan Limited
Press Release | Report | History
Chemical Entity 23-Nov-23 Maintain AA- A1 Stable -
374 Ghani Global Glass Limited
Press Release | Report | History
Glass Entity 23-Nov-23 Maintain BBB+ A2 Positive -
375 Inbox Business Technologies Limited
Press Release | Report | History
Technology Entity 23-Nov-23 Maintain A- A2 Stable -
376 KTRADE Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 22-Nov-23 Maintain A- A2 Stable -
377 Chanar Energy Limited
Press Release | Report | History
Power Entity 22-Nov-23 Maintain BBB- A3 Stable Yes
378 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-23 Maintain A- A2 Positive -
379 Spectrum Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Nov-23 Maintain BMR3+ Stable -
380 Spectrum Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Nov-23 Upgrade BFR 3+ Stable -
381 TPL Trakker Limited | Sukuk
Press Release | Report | History
Tracking Services Debt Instrument 21-Nov-23 Maintain A+ - Stable -
382 WAPDA Dasu Sukuk-B
Press Release | Report | History
Power Debt Instrument 20-Nov-23 Maintain AAA Stable -
383 East West Insurance Company Limited
Press Release | Report | History
General Insurance IFS 20-Nov-23 Maintain AA (ifs) Stable -
384 ABL Government Securities Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial AA-(f) Stable -
385 ABL Income Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial A+(f) Stable -
386 ABL Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial AA+(f) Stable -
387 ABL Islamic Income Fund
Press Release | Report | History
Asset Managers Stability Rating 17-Nov-23 Initial A+(f) Stable -
388 Prism Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 17-Nov-23 Initial A+ A1 Stable -
389 WAPDA Dasu TFC-B
Press Release | Report | History
Power Debt Instrument 17-Nov-23 Maintain AAA Stable -
390 WAPDA Dasu TFC-C
Press Release | Report | History
Power Debt Instrument 17-Nov-23 Maintain AAA Stable -
391 WAPDA Dasu Sukuk-C
Press Release | Report | History
Power Debt Instrument 17-Nov-23 Maintain AAA Stable -
392 Ahmed Fine Weaving Limited
Press Release | Report | History
Weaving Entity 17-Nov-23 Maintain A- A2 Stable -
393 Samba Bank Limited | PPTFC
Press Release | Report | History
Commercial Bank Debt Instrument 16-Nov-23 Maintain AA- Stable -
394 K-Electric | PPSTS-19 | PKR 2.348bln | Aug-23
Press Release | Report | History
Power Debt Instrument 16-Nov-23 Initial AA A1+ Stable -
395 K-Electric | PPSTS-18 | PKR 5bln | Aug-23
Press Release | Report | History
Power Debt Instrument 16-Nov-23 Initial AA A1+ Stable -
396 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Steel Entity 16-Nov-23 Upgrade BBB A2 Stable -
397 Sapphire Fibres Limited
Press Release | Report | History
Composite and Garments Entity 13-Nov-23 Maintain A+ A1 Stable -
398 Glamour Textile Mills Limited
Press Release | Report | History
Spinning Entity 13-Nov-23 Maintain BBB- A2 Stable -
399 Liberty Power Tech Limited
Press Release | Report | History
Power Entity 10-Nov-23 Maintain AA- A1 Stable -
400 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-23 Maintain A+ A1 Stable -
401 Mughal Iron & Steel Industries Limited | PPCP | PKR 2 bln | Apr-23
Press Release | Report | History
Steel Debt Instrument 06-Nov-23 Maintain A+ A1 Stable -
402 Jubilee General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 03-Nov-23 Maintain AA++ (ifs) Stable -
403 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Microfinance Debt Instrument 03-Nov-23 Preliminary A Stable -
404 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Steel Entity 01-Nov-23 Maintain BBB- A3 Developing -
405 Pak Qatar Stable Return Plan I under Pak Qatar Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Nov-23 Initial AA+(f) Stable -
406 Zahidjee Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 31-Oct-23 Maintain A A1 Stable -
407 Orient Rental Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 27-Oct-23 Maintain A- A2 Stable -
408 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 27-Oct-23 Maintain BMR2 Stable -
409 Islamabad Farms
Press Release | Report | History
Poultry Entity 27-Oct-23 Maintain BBB- A3 Stable -
410 ABL Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 26-Oct-23 Maintain AM1 Stable -
411 Pharmagen Limited
Press Release | Report | History
Pharmaceutical Entity 25-Oct-23 Maintain A- A2 Stable -
412 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
413 Thar Energy Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
414 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Rice Entity 24-Oct-23 Initial A- A2 Stable -
415 Stylers International Limited
Press Release | Report | History
Composite and Garments Entity 23-Oct-23 Maintain A A1 Stable -
416 AGP Limited
Press Release | Report | History
Pharmaceutical Entity 23-Oct-23 Maintain A+ A1 Stable -
417 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 21-Oct-23 Maintain BBB- A2 Positive -
418 Postal Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 20-Oct-23 Maintain A+ (ifs) Stable -
419 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 20-Oct-23 Maintain A A1 Stable -
420 Ghandhara Industries Limited
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A+ A1 Stable -
421 Ghandhara Automobiles Limited (formerly known as Ghandhara Nissan Limited)
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A A1 Stable -
422 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Steel Entity 16-Oct-23 Maintain A+ A1 Stable -
423 Secure Logistics Group Limited
Press Release | Report | History
Trucks & Buses Entity 14-Oct-23 Maintain A A2 Stable -
424 Hassan Ali Rice Export Company
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB+ A2 Stable -
425 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
426 Awami Agro Commodities
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
427 Engro Eximp Agriproducts (Pvt.) Limited
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain A- A2 Stable -
428 Din Energy Limited
Press Release | Report | History
Power Entity 13-Oct-23 Maintain A A2 Stable -
429 Habib Construction Services Limited
Press Release | Report | History
Construction Entity 12-Oct-23 Maintain BBB+ A2 Stable -
430 Pak Qatar Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 11-Oct-23 Initial AM2 Stable -
431 A.J. Textile Mills Limited
Press Release | Report | History
Spinning Entity 11-Oct-23 Maintain A- A2 Stable -
432 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Rice Entity 10-Oct-23 Maintain BBB+ A2 Stable -
433 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Construction Entity 10-Oct-23 Maintain BBB A2 Stable Yes
434 MCB Investment Management Limited (Formerly: MCB-Arif Habib Savings and Investments Limited)
Press Release | Report | History
Asset Managers Asset Manager 06-Oct-23 Maintain AM1 Stable -
435 PakGen Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Maintain AA A1 Stable -
436 LalPir Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Maintain AA A1 Stable -
437 Gul Ahmed Wind Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Initial A+ A1 Stable -
438 My Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 27-Sep-23 Maintain BBB+ A2 Stable -
439 Master Wind Energy Limited
Press Release | Report | History
Power Entity 26-Sep-23 Maintain A+ A1 Stable -
440 Thardeep Microfinance Foundation
Press Release | Report | History
Microfinance Entity 26-Sep-23 Downgrade BBB- A3 Stable -
441 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Sep-23 Upgrade BFR 2 Stable -
442 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Sep-23 Maintain BMR2 Stable -
443 Prosperity Weaving Mills Limited
Press Release | Report | History
Weaving Entity 22-Sep-23 Maintain A- A2 Stable -
444 Nishat Power Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1 Stable -
445 First Habib Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 22-Sep-23 Maintain AA+ A1+ Stable -
446 Atlas Power Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1+ Stable -
447 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1 Stable -
448 Nagina Cotton Mills Limited
Press Release | Report | History
Spinning Entity 22-Sep-23 Maintain A- A2 Stable -
449 Ellcot Spinning Mills Limited
Press Release | Report | History
Spinning Entity 22-Sep-23 Maintain A- A2 Stable -
450 First Punjab Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 20-Sep-23 Maintain A- A2 Stable -
451 Service Industries Limited
Press Release | Report | History
Tyres Entity 19-Sep-23 Maintain AA- A1 Stable -
452 Escorts Investment Bank Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 19-Sep-23 Downgrade BBB+ A2 Negative -
453 Trust Securities & Brokerage Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-23 Maintain A- A2 Stable -
454 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Sep-23 Maintain BFR 2 Stable -
455 Dawood Equities Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-23 Maintain A- A2 Stable -
456 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Sep-23 Maintain BMR2+ Stable -
457 Global Marketing Services
Press Release | Report | History
Pharmaceutical Entity 19-Sep-23 Maintain BBB A2 Stable -
458 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 15-Sep-23 Maintain BBB A2 Stable -
459 U Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 15-Sep-23 Maintain A+ A1 Stable -
460 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Chemical Entity 14-Sep-23 Maintain A- A2 Stable -
461 Pak Oman Asset Management
Press Release | Report | History
Asset Managers Asset Manager 14-Sep-23 Maintain AM3++ Stable -
462 Berger Paints Pakistan Limited
Press Release | Report | History
Chemical Entity 14-Sep-23 Maintain A- A2 Stable -
463 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharmaceutical Entity 13-Sep-23 Initial A- A2 Stable -
464 Din Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 08-Sep-23 Maintain A- A2 Stable -
465 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Sugar Entity 08-Sep-23 Maintain A- A2 Stable -
466 Fazal Cloth Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Sep-23 Maintain A A1 Stable -
467 Bestway Cement Limited
Press Release | Report | History
Cement Entity 06-Sep-23 Maintain AA- A1+ Stable -
468 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 05-Sep-23 Maintain AA- A1 Stable -
469 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Entity 04-Sep-23 Initial BBB+ A2 Stable -
470 Nayatel (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 01-Sep-23 Maintain A A1 Stable -
471 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 01-Sep-23 Maintain A A1 Stable -
472 Martin Dow Limited
Press Release | Report | History
Pharmaceutical Entity 01-Sep-23 Downgrade A A2 Stable -
473 Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 31-Aug-23 Upgrade AM2++ Stable -
474 Golden Packages (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Aug-23 Maintain BBB A2 Stable -
475 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 28-Aug-23 Maintain A- A2 Stable -
476 Atlas Insurance Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain AA+ (ifs) Stable -
477 Shaheen Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain A+ (ifs) Stable -
478 Lakson Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 25-Aug-23 Maintain AM2+ Stable -
479 Premier Insurance Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Downgrade A (ifs) Stable -
480 Be Energy Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 25-Aug-23 Maintain A+ A1 Stable -
481 Asia Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain A++ (ifs) Stable Yes
482 IGI Finex Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Aug-23 Maintain BFR 2+ Stable -
483 IGI Finex Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Aug-23 Maintain BMR2+ Stable -
484 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Construction Entity 24-Aug-23 Maintain A- A2 Stable -
485 Tufail Chemical Industries Limited
Press Release | Report | History
Chemical Entity 23-Aug-23 Maintain A- A2 Stable -
486 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 23-Aug-23 Maintain BBB- A2 Stable -
487 Maaksons Engineering Corporation Limited
Press Release | Report | History
Construction Entity 23-Aug-23 Maintain BBB+ A2 Stable -
488 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Coal Mining and Trading Entity 19-Aug-23 Upgrade A- A2 Stable -
489 Packages Convertors Limited
Press Release | Report | History
Paper and Packaging Entity 18-Aug-23 Maintain AA- A1 Stable -
490 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Power Entity 15-Aug-23 Upgrade A+ A1 Stable -
491 AL Habib Asset Management Limited (Formerly: Habib Asset Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 12-Aug-23 Maintain AM2+ Stable -
492 National Transmission & Despatch Company Limited
Press Release | Report | History
Distribution | Electricity Entity 11-Aug-23 Maintain AA+ A1+ Stable -
493 EcoPack Limited
Press Release | Report | History
Paper and Packaging Entity 10-Aug-23 Maintain BBB A2 Stable Yes
494 Pak Suzuki Motor Company Limited
Press Release | Report | History
Passenger Cars Entity 04-Aug-23 Maintain AA- A1 Stable -
495 Mekotex (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 04-Aug-23 Maintain A- A2 Stable -
496 AWT Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 04-Aug-23 Maintain AM3++ Positive -
497 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Technology Entity 01-Aug-23 Maintain A- A2 Stable -
498 Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited)
Press Release | Report | History
Tyres Entity 01-Aug-23 Maintain A+ A1 Stable Yes
499 Fauji Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 27-Jul-23 Maintain AA+ A1+ Stable -
500 Engro Fertilizers Limited
Press Release | Report | History
Fertilizer Entity 27-Jul-23 Maintain AA A1+ Stable -
501 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 27-Jul-23 Maintain AA A1+ Stable -
502 The Universal Insurance Company Limited
Press Release | Report | History
General Insurance IFS 27-Jul-23 Maintain A (ifs) Stable -
503 Apna Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 27-Jul-23 Downgrade BBB- A4 Negative Yes
504 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jul-23 Maintain A A2 Stable -
505 Pakistan Oxygen Limited
Press Release | Report | History
Industrial Gases Entity 25-Jul-23 Maintain A A1 Stable -
506 Fatima Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 24-Jul-23 Maintain AA+ A1+ Stable -
507 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 21-Jul-23 Maintain AA+ A1+ Stable -
508 Medipak Limited
Press Release | Report | History
Pharmaceutical Entity 20-Jul-23 Initial BBB+ A2 Stable -
509 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Towel Entity 20-Jul-23 Maintain BBB A2 Positive -
510 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Jul-23 Maintain BFR 2+ Stable -
511 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Jul-23 Maintain BMR2+ Stable -
512 Sindh Engro Coal Mining Company
Press Release | Report | History
Coal Mining and Trading Entity 19-Jul-23 Maintain AA A1+ Stable -
513 State Life Insurance Corporation of Pakistan
Press Release | Report | History
Life Insurance IFS 18-Jul-23 Maintain AAA (ifs) Stable -
514 National Rural Support Programme
Press Release | Report | History
Microfinance Entity 17-Jul-23 Initial A- A2 Stable -
515 Steelex (Pvt.) Limited
Press Release | Report | History
Steel Entity 14-Jul-23 Maintain BBB- A2 Stable -
516 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 14-Jul-23 Initial A- A2 Stable -
517 Diamond Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 14-Jul-23 Maintain A- A2 Stable -
518 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain A+ A1 Stable -
519 Engro Polymer & Chemicals Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain AA A1+ Stable -
520 Nimir Resins Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain A- A2 Stable -
521 Askari Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 07-Jul-23 Maintain A (ifs) Stable -
522 Liberty Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Jul-23 Maintain A+ A1 Stable -
523 Samba Bank Limited
Press Release | Report | History
Commercial Bank Entity 06-Jul-23 Initial AA A1 Stable -
524 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Machinery Entity 06-Jul-23 Initial A- A2 Stable -
525 Pak Elektron Limited
Press Release | Report | History
Household Appliances Entity 04-Jul-23 Maintain A+ A1 Stable -
526 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Distribution | Gas Entity 04-Jul-23 Maintain AA- A1 Stable -
527 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Steel Entity 03-Jul-23 Maintain BBB A2 Stable -
528 GuarantCo Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 27-Jun-23 Maintain AAA A1+ Stable -
529 Bank of Khyber
Press Release | Report | History
Commercial Bank Entity 27-Jun-23 Maintain A+ A1 Stable -
530 First Women Bank Limited
Press Release | Report | History
Commercial Bank Entity 27-Jun-23 Maintain A- A2 Developing Yes
531 Tata Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-23 Maintain A A1 Stable -
532 Saif Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-23 Maintain A- A2 Stable Yes
533 AKD Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Jun-23 Maintain AM3++ Positive -
534 JS Investments Limited | RMR
Press Release | Report | History
Real Estate REIT Manager Rating 27-Jun-23 Maintain RM 3 Stable -
535 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Tyres Entity 27-Jun-23 Initial A- A2 Stable -
536 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 27-Jun-23 Maintain BBB A2 Stable -
537 The Bank of Punjab
Press Release | Report | History
Commercial Bank Entity 26-Jun-23 Maintain AA+ A1+ Stable -
538 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 26-Jun-23 Maintain AAA A1+ Stable -
539 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Distribution | Gas Entity 26-Jun-23 Initial AA A1+ Stable -
540 Kohat Textile Mills Limited
Press Release | Report | History
Spinning Entity 26-Jun-23 Maintain A- A2 Stable -
541 IGI Life Insurance Company
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
542 Pak-Qatar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
543 TPL Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A (ifs) Stable -
544 Adamjee Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
545 Dawood Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A+ (ifs) Stable -
546 Yunus Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 26-Jun-23 Maintain AA- A1+ Stable -
547 Pak-Libya Holding Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 24-Jun-23 Maintain AA- A1+ Positive -
548 BankIslami Pakistan Limited
Press Release | Report | History
Commercial Bank Entity 24-Jun-23 Upgrade AA- A1 Stable -
549 Bank Alfalah Limited
Press Release | Report | History
Commercial Bank Entity 24-Jun-23 Maintain AA+ A1+ Stable -
550 Al Meezan Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Jun-23 Maintain AM1 Stable -
551 Bank AL Habib Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
552 Askari Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA+ A1+ Stable -
553 Soneri Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA- A1+ Stable -
554 Siddiqsons Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A1 Stable -
555 Faysal Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA A1+ Stable -
556 MCB Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
557 Habib Metropolitan Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AA+ A1+ Stable -
558 National Bank of Pakistan
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
559 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
560 Allied Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain AAA A1+ Stable -
561 MCB Islamic Bank Limited
Press Release | Report | History
Commercial Bank Entity 23-Jun-23 Maintain A A1 Stable -
562 PAIR Investment Company Limited
Press Release | Report | History
DFIs Entity 23-Jun-23 Maintain AA A1+ Stable -
563 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
DFIs Entity 23-Jun-23 Maintain AA A1+ Stable Yes
564 Mahmood Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A2 Stable -
565 Roomi Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A2 Stable -
566 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA A1+ Stable -
567 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Jun-23 Maintain BFR 2 Stable -
568 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Jun-23 Maintain BMR2 Stable -
569 E-Vision Manufacturing Limited
Press Release | Report | History
Polyester Entity 23-Jun-23 Maintain BBB A2 Positive -
570 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA+ A1+ Stable -
571 ACT Wind (Pvt.) Limited
Press Release | Report | History
Power Entity 23-Jun-23 Maintain A+ A1 Stable -
572 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Jun-23 Maintain BB A3 Stable -
573 NBP Fund Management Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Jun-23 Maintain AM1 Stable -
574 VMS Trading Company
Press Release | Report | History
Rice Entity 22-Jun-23 Initial BBB A2 Stable -
575 Narowal Energy Limited
Press Release | Report | History
Power Entity 22-Jun-23 Maintain AA- A1+ Stable -
576 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Rice Entity 22-Jun-23 Maintain A- A2 Stable -
577 K-Electric Limited
Press Release | Report | History
Distribution | Electricity Entity 21-Jun-23 Maintain AA A1+ Stable Yes
578 The Hub Power Company Limited
Press Release | Report | History
Power Entity 21-Jun-23 Maintain AA+ A1+ Stable -
579 Olympia Chemicals Limited
Press Release | Report | History
Chemical Entity 20-Jun-23 Maintain A- A1 Stable -
580 Aslam Energy (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 16-Jun-23 Maintain BBB+ A2 Stable -
581 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 16-Jun-23 Maintain BBB+ A2 Stable -
582 Alfalah Insurance Company Limited
Press Release | Report | History
General Insurance IFS 16-Jun-23 Maintain AA+ (ifs) Stable -
583 Packages Limited
Press Release | Report | History
Holding Company Entity 16-Jun-23 Upgrade AA+ A1+ Stable -
584 Nishat Hotels and Properties Ltd
Press Release | Report | History
Hotel & Retail Industry Entity 16-Jun-23 Maintain A- A2 Positive -
585 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Coal Mining and Trading Entity 16-Jun-23 Maintain A A2 Developing Yes
586 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Jun-23 Maintain BFR 3 Stable -
587 Ghani Chemical Industries Limited
Press Release | Report | History
Industrial Gases Entity 13-Jun-23 Maintain A A1 Stable -
588 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 13-Jun-23 Maintain BFR 3 Stable -
589 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 12-Jun-23 Initial BBB- A2 Positive -
590 Pakistan Refinery Limited
Press Release | Report | History
Refineries Entity 09-Jun-23 Maintain A- A2 Stable Yes
591 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Power Entity 09-Jun-23 Maintain AA- A1 Stable -
592 TRAFCO Insurance Company Limited
Press Release | Report | History
General Insurance IFS 09-Jun-23 Upgrade BBB++ (ifs) Stable -
593 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food Products Entity 08-Jun-23 Maintain A- A2 Stable -
594 Pioneer Cement Limited
Press Release | Report | History
Cement Entity 07-Jun-23 Maintain A A2 Stable -
595 Martin Dow Marker Limited
Press Release | Report | History
Pharmaceutical Entity 02-Jun-23 Maintain A+ A1 Stable -
596 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Oil Transportation & Storage Entity 02-Jun-23 Maintain AAA A1+ Stable -
597 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Composite and Garments Entity 01-Jun-23 Upgrade A A1 Stable -
598 EFU General Insurance Limited
Press Release | Report | History
General Insurance IFS 01-Jun-23 Maintain AA++ (ifs) Stable -
599 Gas & Oil Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 01-Jun-23 Maintain A+ A1 Stable -
600 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 01-Jun-23 Maintain A- A2 Stable -
601 Panther Tyres Limited
Press Release | Report | History
Tyres Entity 29-May-23 Maintain A A1 Stable -
602 Attock Refinery Limited
Press Release | Report | History
Refineries Entity 26-May-23 Maintain AA A1+ Stable Yes
603 National Refinery Limited
Press Release | Report | History
Refineries Entity 26-May-23 Maintain AA+ A1+ Negative Yes
604 National Investment Trust Limited
Press Release | Report | History
Asset Managers Asset Manager 24-May-23 Maintain AM1 Stable -
605 Master Green Energy Limited
Press Release | Report | History
Power Entity 24-May-23 Maintain A A1 Stable -
606 Ziauddin University
Press Release | Report | History
Education Entity 23-May-23 Maintain BBB A2 Stable -
607 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 19-May-23 Maintain AA A1+ Stable -
608 Pakistan Mobile Communications Limited
Press Release | Report | History
Telecommunication Entity 19-May-23 Maintain AA A1 Stable -
609 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 18-May-23 Maintain A A1 Stable -
610 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 17-May-23 Maintain BFR 3+ Stable -
611 Descon Oxychem Limited
Press Release | Report | History
Chemical Entity 17-May-23 Maintain A+ A1 Stable -
612 Crown Textile
Press Release | Report | History
Composite and Garments Entity 16-May-23 Maintain BBB- A2 Stable -
613 Entertainment Pakistan Limited
Press Release | Report | History
Real Estate Entity 16-May-23 Maintain BB A3 Stable -
614 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 15-May-23 Initial BBB- A2 Stable -
615 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Relief Entity 13-May-23 Upgrade A- A2 Stable -
616 KTRADE Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-May-23 Upgrade BFR 2 Stable -
617 Sitara Petroleum Service Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 11-May-23 Maintain A- A2 Stable -
618 Amreli Steels Limited
Press Release | Report | History
Steel Entity 10-May-23 Maintain A- A2 Stable -
619 TPL Insurance Limited
Press Release | Report | History
General Insurance IFS 05-May-23 Maintain AA (ifs) Stable -
620 AL Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-May-23 Maintain BBB A2 Stable Yes
621 Infra Zamin Pakistan Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 02-May-23 Maintain AAA A1+ Stable -
622 Nishat Mills Limited
Press Release | Report | History
Composite and Garments Entity 02-May-23 Maintain AA A1+ Stable -
623 Sefam (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 02-May-23 Maintain A- A2 Stable -
624 Mobilink Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain A A1 Stable -
625 Telenor Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Apr-23 Maintain A A1 Stable Yes
626 Rustam Towel (Pvt.) Limited
Press Release | Report | History
Towel Entity 28-Apr-23 Maintain BBB A2 Stable -
627 Pakistan Synthetics Limited
Press Release | Report | History
Paper and Packaging Entity 28-Apr-23 Maintain A- A2 Stable -
628 TPL Properties Limited
Press Release | Report | History
Real Estate Entity 28-Apr-23 Maintain A+ A1 Stable -
629 AGAHE Pakistan
Press Release | Report | History
Microfinance Entity 28-Apr-23 Maintain BBB- A3 Stable -
630 Union Microfinance Company Limited
Press Release | Report | History
Microfinance Entity 26-Apr-23 Initial BB+ A3 Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

+92 42 3586 9504-6 | compliance@pacra.com

DISCLAIMER
In case your complaint has not been properly redressed by us, you may lodge your complaint with SECP.