The Pakistan Credit Rating Agency Limited
25-Sep-26
Analyst
Sohail Ahmed Qureshi
sohail.ahmed@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Rating Modifiers | Apr-26
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-26
- Methodology | Non-Banking Finance Companies Rating | Jun-26
Related Research
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PACRA Withdraws Entity Ratings of Thardeep Microfinance Foundation
| Rating Type | Entity | |
|
Current (25-Sep-26 ) |
Previous (25-Sep-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | BB |
| Short Term | - | A4 |
| Outlook | Stable | |
| Rating Watch | - | Yes |
The Management has decided to discontinue the entity ratings of Thardeep Microfinance Foundation. As a consequence, PACRA withdraws the entity ratings of Thardeep Microfinance Foundation with immediate effect.
-
About
the Entity
Thardeep Microfinance Foundation was incorporated with the Securities and Exchange Commission of Pakistan (SECP) in 2016 as a Public Company Limited by Guarantee under Section 42 of the Companies. The overall control of the Foundation vests with a seven-member BOD. Dr. Naseer Muhammad Nizamani is the Chairman of the Board, while Mr. Sono Khangharani is the CEO.