The Pakistan Credit Rating Agency Limited
29-Oct-26
Analyst
Tasveeb Idrees
Tasveeb.Idrees@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 | Corporate Rating | Jul-26
Related Research
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Withdraws the Entity Ratings of Zahidjee Textile Mills Limited
| Rating Type | Entity | |
|
Current (29-Oct-26 ) |
Previous (31-Oct-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A |
| Short Term | - | A1 |
| Outlook | Stable | |
| Rating Watch | - | - |
The management has decided to discontinue the entity ratings of Zahidjee Textile Mills Limited. In accordance with the management decision, the ratings of the Company are being withdrawn with immediate effect.
-
About
the Entity
Zahidjee Textile Mills Limited (“ZTML” or “the Company”) is a public limited company, incorporated in Pakistan on July 17, 1990. The major stake in the Company (~96.6%) is held by the sponsors, Mr. Ahmad Zahid (~75.0%) and Mr. Muhammad Zahid (~21.6%). The remaining stake is held by the general public (~2.1%) and others (~1.3%). The Company’s board comprises four independent directors, two executive directors and one non-executive director.