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The Pakistan Credit Rating Agency Limited
Press Release

Date
07-Aug-26

Analyst
Sohail Ahmed Qureshi
sohail.ahmed@pacra.com
+92-42-35869504
www.pacra.com

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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 Suspends the Entity Ratings of Saigal Packages Industries (Pvt.) Limited

Rating Type Entity
Current
(07-Aug-26 )
Previous
(07-Aug-25 )
Action Suspended Maintain
Long Term - BBB-
Short Term - A2
Outlook Stable
Rating Watch - -

Due to the non-availability of requisite information, the entity ratings of Saigal Packages Industries (Pvt.) Limited have been suspended. As the required information is furnished to us, PACRA will update the ratings after following the due process.
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About the Entity
Saigal Packages Industries (Pvt.) Ltd is a private limited company established in 2007. CEO, Mr. Tauseef Ahmad owns the majority of the Company, with 99.34% of the shares. The remaining shares are split equally between his son, Mr. Ahsan Tauseef, and his wife, Mrs. Amna Tauseef. The sponsors also own AJ Containers, which manufactures adhesive tapes, and are supported by a team of professionals.

The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA's comprehensive offerings include instrument and entity credit ratings, insurer financial strength ratings, fund ratings, asset manager ratings and real estate gradings. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.