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The Pakistan Credit Rating Agency Limited
Press Release
Date
23-Sep-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 Withdraws the Entity Ratings of OLP Modaraba

Rating Type Entity
Current
(23-Sep-26 ) 		Previous
(27-Feb-26 )
Action Withdraw Maintain
Long Term - AA
Short Term - A1+
Outlook Stable
Rating Watch - -

At the request of the management, and in compliance with the applicable regulations, the entity ratings of OLP Modaraba have been withdrawn.
-

About the Entity
OLP Modaraba is a perpetual, multipurpose Modaraba listed on the Pakistan Stock Exchange. OLP Financial Services Pakistan Limited holds approximately 20% stake in the Modaraba, comprising around 10% direct ownership, with the remaining stake held through its subsidiary acting as the Management Company. The remaining shareholding comprises insurance companies, financial institutions, joint stock companies, and the general public. The Modaraba’s Board is chaired by Mr. Shaheen Amin, while Mr. Waqas Ahmad Khwaja serves as the Chief Executive Officer, supported by an experienced management team.

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.