Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Amreli Steels Limited
Press Release | Report | History
Steel Entity 01-Oct-24 Downgrade BB A3 Negative Yes
2 My Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 27-Sep-24 Maintain BBB+ A2 Stable -
3 UBL Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Sep-24 Maintain AA+(f) Stable -
4 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Sep-24 Maintain AA+(f) Stable -
5 NBP Government Securities Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Sep-24 Maintain AAA(f) Stable -
6 NBP Government Securities Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Sep-24 Maintain AA-(f) Stable -
7 NBP Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Sep-24 Maintain A+(f) Stable -
8 Alfalah GHP Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 27-Sep-24 Maintain AA+(f) Stable -
9 PakGen Power Limited
Press Release | Report | History
Power Entity 27-Sep-24 Maintain AA A1 Stable -
10 LalPir Power Limited
Press Release | Report | History
Power Entity 27-Sep-24 Maintain AA A1 Stable -
11 Gul Ahmed Wind Power Limited
Press Release | Report | History
Power Entity 27-Sep-24 Maintain A+ A1 Stable -
12 Parwaaz Financial Services Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 26-Sep-24 Initial A+ A1 Stable -
13 WAPDA Dasu Sukuk-E
Press Release | Report | History
Power Debt Instrument 26-Sep-24 Initial AAA Stable -
14 WAPDA Dasu TFC-E
Press Release | Report | History
Power Debt Instrument 26-Sep-24 Initial AAA Stable -
15 Master Wind Energy Limited
Press Release | Report | History
Power Entity 26-Sep-24 Maintain A+ A1 Stable -
16 Thardeep Microfinance Foundation
Press Release | Report | History
Microfinance Entity 25-Sep-24 Downgrade BB A4 Stable -
17 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Sep-24 Maintain BMR2 Stable -
18 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Sep-24 Maintain BFR 2 Stable -
19 Alfalah GHP Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 23-Sep-24 Maintain AA-(f) Stable -
20 Prosperity Weaving Mills Limited
Press Release | Report | History
Weaving Entity 20-Sep-24 Maintain A- A2 Stable -
21 First Habib Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 20-Sep-24 Maintain AA+ A1+ Stable -
22 NBP Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 20-Sep-24 Maintain AA-(f) Stable -
23 Nishat Power Limited
Press Release | Report | History
Power Entity 20-Sep-24 Maintain AA- A1 Stable -
24 AWT Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 20-Sep-24 Maintain A+(f) Stable -
25 First Punjab Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 20-Sep-24 Maintain A- A2 Stable -
26 Nagina Cotton Mills Limited
Press Release | Report | History
Spinning Entity 20-Sep-24 Maintain A- A2 Stable -
27 Ellcot Spinning Mills Limited
Press Release | Report | History
Spinning Entity 20-Sep-24 Maintain A- A2 Stable -
28 Atlas Power Limited
Press Release | Report | History
Power Entity 20-Sep-24 Maintain AA- A1+ Stable -
29 Lucky Electric Power Company Limited - PPSTS-20 - PKR 5bln - Aug24
Press Release | Report | History
Power Debt Instrument 20-Sep-24 Initial AA A1+ Stable -
30 Service Industries Limited
Press Release | Report | History
Tyres Entity 19-Sep-24 Upgrade AA A1+ Stable -
31 Trust Securities & Brokerage Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-24 Maintain A- A2 Stable -
32 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Sep-24 Maintain BFR 2 Stable -
33 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Sep-24 Maintain BMR2+ Stable -
34 Dawood Equities Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-24 Maintain A- A2 Stable -
35 Escorts Investment Bank Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 19-Sep-24 Maintain BBB+ A2 Negative -
36 Global Marketing Services
Press Release | Report | History
Pharmaceuticals Entity 19-Sep-24 Upgrade BBB+ A2 Stable -
37 Airlink Communication Limited - PPSTS-III - PKR 4.0bln - TBI
Press Release | Report | History
Mobile Phone and Allied Products Debt Instrument 19-Sep-24 Preliminary A+ A1 Stable -
38 K-Electric Limited - PPSTS-29 - PKR 6.0bln - TBI
Press Release | Report | History
Power Debt Instrument 18-Sep-24 Preliminary AA A1+ Stable -
39 Pak-Qatar Family Takaful Limited - PFM
Press Release | Report | History
Life Insurance Pension Fund Managers 16-Sep-24 Initial AM2(p) Stable -
40 Masood Textile Mills Limited - PP Sukuk - PKR 3bln - TBI
Press Release | Report | History
Composite and Garments Debt Instrument 16-Sep-24 Preliminary A+ Stable -
41 U Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 14-Sep-24 Maintain A+ A1 Stable -
42 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharmaceuticals Entity 13-Sep-24 Maintain A- A2 Stable -
43 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Chemicals Entity 13-Sep-24 Maintain A- A2 Stable -
44 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 13-Sep-24 Maintain BBB A2 Stable -
45 NBP Government Securities Plan - IV
Press Release | Report | History
Mutual Funds Stability Rating 13-Sep-24 Maintain AA(f) Stable -
46 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Mutual Funds Stability Rating 13-Sep-24 Maintain AA(f) Stable -
47 Pak Oman Asset Management Company Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 13-Sep-24 Maintain AM3++ Stable -
48 Berger Paints Pakistan Limited
Press Release | Report | History
Chemicals Entity 13-Sep-24 Maintain A- A2 Stable -
49 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 13-Sep-24 Upgrade AA A1+ Stable -
50 K-Electric Limited | PPSTS-28 | PKR 7.0bln | Aug-24
Press Release | Report | History
Power Debt Instrument 10-Sep-24 Initial AA A1+ Stable -
51 AKD Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Sep-24 Maintain AA+(f) Stable -
52 AKD Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Sep-24 Maintain AA-(f) Stable -
53 AKD Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Sep-24 Maintain AA(f) Stable -
54 MCB DCF Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Sep-24 Maintain AA-(f) Stable -
55 AKD Aggressive Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Sep-24 Maintain A+(f) Stable -
56 MCB DCF Fixed Return Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Initial AAA(f) Stable -
57 Pakistan Cash Management Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA+(f) Stable -
58 Fazal Cloth Mills Limited
Press Release | Report | History
Composite and Garments Entity 06-Sep-24 Maintain A A1 Stable -
59 Din Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 06-Sep-24 Maintain A- A2 Stable -
60 NIT Government Bond Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA(f) Stable -
61 NIT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
62 NIT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
63 Bestway Cement Limited
Press Release | Report | History
Cement Entity 06-Sep-24 Maintain AA- A1+ Stable -
64 Pakistan Income Enhancement Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain A+(f) Stable -
65 Alhamra Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
66 MCB Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA+(f) Stable -
67 MCB Pakistan Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
68 Mahaana Islamic Cash Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 06-Sep-24 Maintain AA+(f) Stable -
69 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Sugar Entity 06-Sep-24 Maintain A- A2 Stable -
70 JS Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Sep-24 Maintain AA+(f) Stable -
71 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 05-Sep-24 Maintain AA- A1 Stable -
72 Airlink Communication Limited | PPSTS-II | PKR 3.12bln | July-24
Press Release | Report | History
Mobile Phone and Allied Products Debt Instrument 03-Sep-24 Initial A+ A1 Stable -
73 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
POL Distribution - OMCs & Dealers Debt Instrument 30-Aug-24 Maintain AA- Stable -
74 NIT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AAA(f) Stable Yes
75 Nayatel (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 30-Aug-24 Upgrade A+ A1 Stable -
76 Alfalah Asset Management Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 30-Aug-24 Upgrade AM1 Stable -
77 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non-Banking Finance Companies Debt Instrument 30-Aug-24 Maintain AA+ Stable -
78 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AA+(f) Stable -
79 AL Habib Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AA(f) Stable -
80 AL Habib Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AA(f) Stable -
81 AL Habib Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AA+(f) Stable -
82 AL Habib Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AA(f) Stable -
83 Pakistan Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 30-Aug-24 Maintain AA-(f) Stable -
84 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 30-Aug-24 Upgrade A+ A1 Stable -
85 Martin Dow Limited
Press Release | Report | History
Pharmaceuticals Entity 30-Aug-24 Maintain A A2 Stable -
86 Faysal Islamic Special Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Aug-24 Maintain AA(f) Stable -
87 Golden Packages (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Aug-24 Maintain BBB A2 Stable -
88 Lakson Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Aug-24 Maintain A+(f) Stable -
89 Lakson Islamic Money Market Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 28-Aug-24 Maintain AA(f) Stable Yes
90 Lakson Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Aug-24 Maintain AA+(f) Stable -
91 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 28-Aug-24 Maintain A- A2 Stable -
92 Alhamra Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Aug-24 Upgrade AA(f) Stable -
93 Multan Electric Power Company Limited
Press Release | Report | History
Transmission & Distribution | Electricity Entity 23-Aug-24 Initial A- A2 Positive -
94 Atlas Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Aug-24 Maintain AA+ (ifs) Stable -
95 Lakson Investments Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 23-Aug-24 Maintain AM2+ Stable -
96 Premier Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Aug-24 Maintain A (ifs) Stable -
97 Be Energy Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 23-Aug-24 Maintain A+ A1 Stable -
98 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 23-Aug-24 Maintain BBB- A2 Stable -
99 Maaksons Engineering Corporation Limited
Press Release | Report | History
Construction Entity 23-Aug-24 Maintain BBB+ A2 Stable -
100 Shaheen Insurance Company Limited
Press Release | Report | History
General Insurance IFS 23-Aug-24 Maintain A+ (ifs) Stable -
101 Asia Insurance Company Limited
Press Release | Report | History
General Insurance IFS 23-Aug-24 Maintain A++ (ifs) Stable Yes
102 IGI Finex Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Aug-24 Maintain BMR2+ Stable -
103 IGI Finex Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Aug-24 Maintain BFR 2+ Stable -
104 TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23
Press Release | Report | History
Real Estate Debt Instrument 19-Aug-24 Maintain A+ A1 Stable -
105 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Coal Mining and Trading Entity 19-Aug-24 Maintain A- A2 Stable -
106 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Construction Entity 19-Aug-24 Maintain A- A2 Stable -
107 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Microfinance Debt Instrument 16-Aug-24 Maintain AA- Stable -
108 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 16-Aug-24 Maintain A+(f) Stable Yes
109 Askari High Yield Scheme
Press Release | Report | History
Mutual Funds Stability Rating 16-Aug-24 Maintain A(f) Stable -
110 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Mutual Funds Stability Rating 16-Aug-24 Maintain A+(f) Stable -
111 Packages Convertors Limited
Press Release | Report | History
Paper and Packaging Entity 16-Aug-24 Maintain AA- A1 Stable -
112 AKD Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-24 Declined 2-Star 4-Star -
113 AKD Opportunity Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-24 Declined 2-Star 2-Star -
114 Golden Arrow Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 15-Aug-24 Declined 3-Star 3-Star -
115 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Power Entity 15-Aug-24 Maintain A+ A1 Stable -
116 Pak Qatar Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 3-Star -
117 Faysal Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 1-Star 1-Star -
118 Faysal Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Declined 2-Star 3-Star -
119 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 4-Star 3-Star -
120 NBP Balanced Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Declined 3-Star 3-Star -
121 NBP Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 4-Star 4-Star -
122 NBP Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 3-Star 3-Star -
123 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 3-Star 3-Star -
124 NBP Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 3-Star 4-Star -
125 First Capital Mutual Fund
Press Release | Report | History
Mutual Funds Performance Ranking 13-Aug-24 Same 3-Star 3-Star -
126 Ismail Industries Limited - PPSTS - PKR 5bln - Aug-24
Press Release | Report | History
Food Products Debt Instrument 13-Aug-24 Preliminary A+ A1 Stable -
127 Ismail Industries Limited | PPSTS | PKR 6bln | June 24
Press Release | Report | History
Food Products Debt Instrument 13-Aug-24 Initial A+ A1 Stable -
128 AL Habib Asset Management Limited
Press Release | Report | History
Mutual Funds Asset Manager 12-Aug-24 Upgrade AM2++ Stable -
129 Tufail Chemical Industries Limited
Press Release | Report | History
Chemicals Entity 12-Aug-24 Maintain A- A2 Stable Yes
130 EcoPack Limited
Press Release | Report | History
Paper and Packaging Entity 09-Aug-24 Maintain BBB A2 Stable Yes
131 National Transmission & Despatch Company Limited
Press Release | Report | History
Transmission & Distribution | Electricity Entity 09-Aug-24 Maintain AA+ A1+ Stable -
132 Lucky Electric Power Company Limited | PPSTS-19 | PKR 6bln | Jun-24
Press Release | Report | History
Power Debt Instrument 09-Aug-24 Initial AA A1+ Stable -
133 Sapphire Dairies (Pvt.) Limited
Press Release | Report | History
Dairy Entity 07-Aug-24 Initial A- A2 Stable -
134 Saigal Packages Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 07-Aug-24 Initial BBB- A2 Stable -
135 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Steel Debt Instrument 06-Aug-24 Maintain AA- Stable -
136 Mekotex (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 02-Aug-24 Maintain A- A2 Stable -
137 Pak Suzuki Motor Company Limited
Press Release | Report | History
Passenger Cars Entity 02-Aug-24 Maintain AA- A1 Stable -
138 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Microfinance Debt Instrument 02-Aug-24 Maintain A- Stable -
139 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Technology Entity 01-Aug-24 Maintain A- A2 Stable -
140 Ghandhara Tyre & Rubber Company Limited
Press Release | Report | History
Tyres Entity 01-Aug-24 Maintain A+ A1 Stable Yes
141 AWT Investments Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 31-Jul-24 Upgrade AM2 Stable -
142 Jazaa Global (Pvt.) Limited
Press Release | Report | History
Food Products Entity 30-Jul-24 Initial BBB- A3 Stable -
143 Fauji Fertilizer Company Limited
Press Release | Report | History
Fertilizers Entity 26-Jul-24 Maintain AA+ A1+ Stable -
144 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Companies Entity 26-Jul-24 Maintain AA A1+ Stable -
145 The Universal Insurance Company Limited
Press Release | Report | History
General Insurance IFS 26-Jul-24 Maintain A (ifs) Stable Yes
146 Engro Fertilizers Limited
Press Release | Report | History
Fertilizers Entity 26-Jul-24 Maintain AA A1+ Stable -
147 Apna Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 26-Jul-24 Maintain BBB- A4 Negative Yes
148 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 26-Jul-24 Maintain A A2 Stable -
149 Pakistan Oxygen Limited
Press Release | Report | History
Industrial Gases Entity 25-Jul-24 Maintain A A1 Stable -
150 Fatima Fertilizer Company Limited
Press Release | Report | History
Fertilizers Entity 24-Jul-24 Maintain AA+ A1+ Stable -
151 Mughal Energy Limited | PP Sukuk | PKR 2.5bln | TBI
Press Release | Report | History
Power Debt Instrument 19-Jul-24 Preliminary A+ Stable -
152 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Jul-24 Maintain BFR 2+ Stable -
153 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Jul-24 Maintain BMR2+ Stable -
154 Medipak Limited
Press Release | Report | History
Pharmaceuticals Entity 19-Jul-24 Maintain BBB+ A2 Stable -
155 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Towels Entity 19-Jul-24 Upgrade BBB+ A2 Stable -
156 Sindh Engro Coal Mining Company
Press Release | Report | History
Coal Mining and Trading Entity 19-Jul-24 Maintain AA A1+ Stable -
157 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 19-Jul-24 Maintain AA+ A1+ Stable -
158 State Life Insurance Corporation of Pakistan
Press Release | Report | History
Life Insurance IFS 18-Jul-24 Maintain AAA (ifs) Stable -
159 National Rural Support Programme
Press Release | Report | History
Microfinance Entity 15-Jul-24 Maintain A- A2 Stable -
160 Steelex (Pvt.) Limited
Press Release | Report | History
Steel Entity 12-Jul-24 Upgrade BBB A2 Stable -
161 East West Insurance Company Limited
Press Release | Report | History
General Insurance IFS 12-Jul-24 Maintain AA (ifs) Positive -
162 Diamond Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 12-Jul-24 Maintain A- A2 Stable -
163 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Companies Debt Instrument 12-Jul-24 Maintain AA- Stable Yes
164 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Companies Debt Instrument 12-Jul-24 Maintain AA- Stable -
165 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 12-Jul-24 Maintain A- A2 Stable -
166 Nimir Resins Limited
Press Release | Report | History
Chemicals Entity 12-Jul-24 Maintain A- A2 Stable -
167 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Chemicals Entity 12-Jul-24 Maintain A+ A1 Stable -
168 Engro Polymer & Chemicals Limited
Press Release | Report | History
Chemicals Entity 12-Jul-24 Maintain AA A1+ Stable -
169 JS Islamic Premium Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Jul-24 Maintain A(f) Stable -
170 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Machinery Entity 05-Jul-24 Maintain A- A2 Stable -
171 Askari Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 05-Jul-24 Maintain A (ifs) Stable -
172 Liberty Mills Limited
Press Release | Report | History
Composite and Garments Entity 05-Jul-24 Maintain A+ A1 Stable -
173 Pak Elektron Limited
Press Release | Report | History
Household Appliances Entity 04-Jul-24 Maintain A+ A1 Stable -
174 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Distribution | Gas Entity 04-Jul-24 Maintain AA- A1 Stable -
175 Alhamra Wada Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jul-24 Maintain AA(f) Stable -
176 MCB Pakistan Fixed Return Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jul-24 Maintain AA+(f) Stable -
177 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Steel Entity 03-Jul-24 Maintain BBB A2 Stable -
178 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Construction Entity 03-Jul-24 Maintain BBB A2 Stable -
179 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jul-24 Maintain AA+(f) Stable -
180 Alfalah Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jul-24 Maintain AA(f) Stable -
181 Alfalah Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jul-24 Maintain A+(f) Stable -
182 Al Ameen Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jul-24 Maintain AA(f) Stable -
183 The Bank of Punjab | Tier 2 Capital TFC | PKR 7.5695bln | Jun-24
Press Release | Report | History
Commercial Banks Debt Instrument 29-Jun-24 Initial AA Stable -
184 The Bank of Punjab
Press Release | Report | History
Commercial Banks Entity 28-Jun-24 Maintain AA+ A1+ Stable -
185 JS Bank Limited
Press Release | Report | History
Commercial Banks Entity 28-Jun-24 Upgrade AA A1+ Stable -
186 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Upgrade A+ Stable -
187 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Upgrade AA- Stable -
188 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Upgrade AA- Stable -
189 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain A Stable -
190 Bank Alfalah Limited
Press Release | Report | History
Commercial Banks Entity 28-Jun-24 Upgrade AAA A1+ Stable -
191 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
192 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
193 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain A+ Stable -
194 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
195 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
196 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA Stable -
197 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA- Stable -
198 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Upgrade AA+ Stable -
199 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA+ Stable -
200 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AAA Stable -
201 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Upgrade AA+ Stable -
202 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AAA Stable -
203 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain A Stable -
204 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain AA+ Stable -
205 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Commercial Banks Debt Instrument 28-Jun-24 Maintain A Stable -
206 Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | Apr-24
Press Release | Report | History
Power Debt Instrument 28-Jun-24 Initial AA A1+ Stable -
207 Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | Mar-24
Press Release | Report | History
Power Debt Instrument 28-Jun-24 Initial AA A1+ Stable -
208 Pakistan Services Limited
Press Release | Report | History
Hotel & Lodging Entity 28-Jun-24 Maintain BB A4 Negative Yes
209 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Hotel & Lodging Debt Instrument 28-Jun-24 Maintain BB A4 Negative Yes
210 Rural Community Development Programmes
Press Release | Report | History
Microfinance Entity 27-Jun-24 Initial BBB A2 Stable -
211 GuarantCo Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 27-Jun-24 Maintain AAA A1+ Stable -
212 Saif Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-24 Maintain A- A2 Stable Yes
213 Bank of Khyber
Press Release | Report | History
Commercial Banks Entity 27-Jun-24 Maintain A+ A1 Stable -
214 First Women Bank Limited
Press Release | Report | History
Commercial Banks Entity 27-Jun-24 Maintain A- A2 Developing Yes
215 Tata Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-24 Maintain A A1 Stable Yes
216 JS Investments Limited | RMR
Press Release | Report | History
Real Estate REIT Manager Rating 27-Jun-24 Maintain RM 3 Stable -
217 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 27-Jun-24 Maintain BBB A2 Stable -
218 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Tyres Entity 27-Jun-24 Upgrade A A1 Stable -
219 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Paper and Packaging Entity 27-Jun-24 Upgrade AA- A1 Stable -
220 AKD Investment Management Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 27-Jun-24 Maintain AM3++ Positive -
221 Yunus Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 26-Jun-24 Maintain AA- A1+ Stable -
222 Samba Bank Limited
Press Release | Report | History
Commercial Banks Entity 26-Jun-24 Maintain AA A1 Stable Yes
223 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
Development Financial Institutions (DFIs) Entity 26-Jun-24 Maintain AAA A1+ Stable -
224 TPL Life Insurance Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-24 Maintain A (ifs) Stable Yes
225 Adamjee Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-24 Maintain A++ (ifs) Positive -
226 Pak-Qatar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-24 Maintain A++ (ifs) Stable -
227 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Distribution | Gas Entity 26-Jun-24 Maintain AA A1+ Stable -
228 Kohat Textile Mills Limited
Press Release | Report | History
Spinning Entity 26-Jun-24 Maintain A- A2 Stable -
229 Dawood Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-24 Maintain A+ (ifs) Stable -
230 IGI Life Insurance Limited
Press Release | Report | History
Life Insurance IFS 25-Jun-24 Maintain A++ (ifs) Stable -
231 Askari Bank Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-24 Maintain AA+ A1+ Stable -
232 Pak Libya Holding Company (Pvt.) Limited
Press Release | Report | History
Development Financial Institutions (DFIs) Entity 24-Jun-24 Maintain AA- A1+ Positive -
233 BankIslami Pakistan Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-24 Maintain AA- A1 Stable -
234 Habib Metropolitan Bank Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-24 Maintain AA+ A1+ Stable -
235 Faysal Bank Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-24 Maintain AA A1+ Stable -
236 Allied Bank Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-24 Maintain AAA A1+ Stable -
237 MCB Islamic Bank Limited
Press Release | Report | History
Commercial Banks Entity 22-Jun-24 Upgrade A+ A1 Stable -
238 National Bank of Pakistan
Press Release | Report | History
Commercial Banks Entity 22-Jun-24 Maintain AAA A1+ Stable -
239 MCB Bank Limited
Press Release | Report | History
Commercial Banks Entity 22-Jun-24 Maintain AAA A1+ Stable -
240 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Commercial Banks Entity 22-Jun-24 Maintain AAA A1+ Stable -
241 Soneri Bank Limited
Press Release | Report | History
Commercial Banks Entity 22-Jun-24 Maintain AA- A1+ Stable -
242 Bank AL Habib Limited
Press Release | Report | History
Commercial Banks Entity 22-Jun-24 Maintain AAA A1+ Stable -
243 Siddiqsons Limited
Press Release | Report | History
Composite and Garments Entity 22-Jun-24 Maintain A- A1 Stable -
244 Mahmood Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 21-Jun-24 Maintain A- A2 Stable -
245 Al Meezan Investment Management Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 21-Jun-24 Maintain AM1 Stable -
246 NBP Fund Management Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 21-Jun-24 Maintain AM1 Stable -
247 Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | Apr-24
Press Release | Report | History
Power Debt Instrument 21-Jun-24 Initial AA- A1 Stable -
248 Roomi Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 21-Jun-24 Maintain A- A2 Stable -
249 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Microfinance Debt Instrument 21-Jun-24 Maintain AAA Stable -
250 PAIR Investment Company Limited
Press Release | Report | History
Development Financial Institutions (DFIs) Entity 21-Jun-24 Maintain AA A1+ Stable -
251 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Rice Entity 21-Jun-24 Maintain A- A2 Stable -
252 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
Development Financial Institutions (DFIs) Entity 21-Jun-24 Maintain AA A1+ Stable Yes
253 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Companies Entity 21-Jun-24 Maintain AA A1+ Stable -
254 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Jun-24 Maintain BMR2 Stable -
255 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Jun-24 Maintain BFR 2 Stable -
256 NBP Islamic Fixed Term Munafa Plan-III (Under NBP Islamic Mustahkam Fund)
Press Release | Report | History
Mutual Funds Stability Rating 21-Jun-24 Initial AAA(f) Stable -
257 Engro Corporation Limited
Press Release | Report | History
Holding Companies Entity 21-Jun-24 Maintain AA+ A1+ Stable -
258 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | Aug-22
Press Release | Report | History
Technology Debt Instrument 21-Jun-24 Maintain AA Stable -
259 Narowal Energy Limited
Press Release | Report | History
Power Entity 20-Jun-24 Maintain AA- A1+ Stable -
260 The Hub Power Company Limited
Press Release | Report | History
Power Entity 20-Jun-24 Maintain AA+ A1+ Stable -
261 ACT Wind (Pvt.) Limited
Press Release | Report | History
Power Entity 20-Jun-24 Maintain A+ A1 Stable -
262 Pak Oman Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 15-Jun-24 Maintain AA(f) Stable -
263 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 14-Jun-24 Upgrade A- A2 Stable -
264 Aslam Energy (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 14-Jun-24 Maintain BBB+ A2 Stable -
265 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Jun-24 Maintain BFR 3 Stable -
266 Alfalah Insurance Company Limited
Press Release | Report | History
General Insurance IFS 14-Jun-24 Maintain AA+ (ifs) Stable -
267 WAPDA Dasu TFC-D
Press Release | Report | History
Power Debt Instrument 14-Jun-24 Maintain AAA Stable -
268 WAPDA | Sukuk | May-17
Press Release | Report | History
Power Debt Instrument 14-Jun-24 Maintain AAA Stable -
269 WAPDA Dasu Sukuk-D
Press Release | Report | History
Power Debt Instrument 14-Jun-24 Maintain AAA Stable -
270 WAPDA | PPTFC | May-17
Press Release | Report | History
Power Debt Instrument 14-Jun-24 Maintain AAA Stable -
271 Packages Limited
Press Release | Report | History
Holding Companies Entity 14-Jun-24 Maintain AA+ A1+ Stable -
272 The Hub Power Company Limited | PPSTS | PKR 6bln | May-24
Press Release | Report | History
Power Debt Instrument 14-Jun-24 Initial AA+ A1+ Stable -
273 K-Electric Limited
Press Release | Report | History
Transmission & Distribution | Electricity Entity 14-Jun-24 Maintain AA A1+ Stable Yes
274 VMS Trading Company
Press Release | Report | History
Rice Entity 14-Jun-24 Maintain BBB A2 Stable -
275 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 14-Jun-24 Maintain BB A3 Stable -
276 E-Vision Manufacturing Limited
Press Release | Report | History
Polyester Entity 14-Jun-24 Maintain BBB A2 Stable -
277 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Coal Mining and Trading Entity 14-Jun-24 Maintain A A2 Stable Yes
278 Ghani Chemical Industries Limited
Press Release | Report | History
Industrial Gases Entity 13-Jun-24 Maintain A A1 Stable -
279 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 12-Jun-24 Maintain BBB- A2 Positive -
280 Masood Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 12-Jun-24 Initial A A2 Stable -
281 TRAFCO Insurance Company Limited
Press Release | Report | History
General Insurance IFS 07-Jun-24 Maintain BBB++ (ifs) Stable -
282 Pakistan Refinery Limited
Press Release | Report | History
Refineries Entity 07-Jun-24 Upgrade A A1 Stable -
283 Pioneer Cement Limited
Press Release | Report | History
Cement Entity 07-Jun-24 Maintain A A2 Stable -
284 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Power Entity 07-Jun-24 Maintain AA- A1 Stable -
285 Nishat Hotels and Properties Ltd
Press Release | Report | History
Hotel & Lodging Entity 07-Jun-24 Upgrade A A1 Stable -
286 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 05-Jun-24 Initial A A1 Stable -
287 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 04-Jun-24 Upgrade BFR 3+ Stable -
288 Alhamra Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 04-Jun-24 Maintain AA+(f) Stable Yes
289 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Composite and Garments Entity 03-Jun-24 Maintain A A1 Stable -
290 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Oil Transportation & Storage Entity 01-Jun-24 Maintain AAA A1+ Stable -
291 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Leather Entity 31-May-24 Initial BBB+ A2 Stable -
292 Martin Dow Marker Limited
Press Release | Report | History
Pharmaceuticals Entity 31-May-24 Maintain A+ A1 Stable -
293 EFU General Insurance Limited
Press Release | Report | History
General Insurance IFS 31-May-24 Maintain AA++ (ifs) Stable -
294 Gas & Oil Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 31-May-24 Maintain A+ A1 Developing Yes
295 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Companies Debt Instrument 31-May-24 Maintain AA+ Stable -
296 ThalNova Power Thar (Pvt.) Limited | PPSTS | PKR 5bln | TBI
Press Release | Report | History
Power Debt Instrument 31-May-24 Preliminary AA- A1 Stable -
297 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain AA(f) Stable -
298 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain A+(f) Stable -
299 ABL Special Saving Fund
Press Release | Report | History
Asset Management Companies (AMCs) Capital Preservation Rating 31-May-24 Same CP2+ Stable -
300 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain A+(f) Stable -
301 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain AA(f) Stable -
302 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain AA(f) Stable -
303 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain A(f) Stable -
304 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food Products Entity 30-May-24 Maintain A- A2 Stable Yes
305 Panther Tyres Limited
Press Release | Report | History
Tyres Entity 29-May-24 Maintain A A1 Stable -
306 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | Apr-24
Press Release | Report | History
Telecommunication Debt Instrument 29-May-24 Initial AA A1 Stable -
307 Olympia Chemicals Limited
Press Release | Report | History
Chemicals Entity 27-May-24 Upgrade A A1 Stable -
308 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 27-May-24 Maintain A- A2 Stable Yes
309 National Investment Trust Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 24-May-24 Maintain AM1 Stable -
310 Master Green Energy Limited
Press Release | Report | History
Power Entity 24-May-24 Maintain A A1 Stable -
311 Attock Refinery Limited
Press Release | Report | History
Refineries Entity 24-May-24 Maintain AA A1+ Stable -
312 National Refinery Limited
Press Release | Report | History
Refineries Entity 24-May-24 Downgrade AA A1 Stable Yes
313 Pak Elektron Limited | PPSTS | PKR 2bln | March-24
Press Release | Report | History
Household Appliances Debt Instrument 24-May-24 Initial A+ A1 Stable -
314 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Chemicals Debt Instrument 24-May-24 Maintain A Stable -
315 Ziauddin University
Press Release | Report | History
Education Entity 23-May-24 Maintain BBB A2 Stable -
316 Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | Apr-24
Press Release | Report | History
Steel Debt Instrument 23-May-24 Initial A+ A1 Stable -
317 TPL Trakker Limited | Sukuk
Press Release | Report | History
Tracking Services Debt Instrument 21-May-24 Maintain A+ Stable -
318 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 17-May-24 Maintain BFR 3+ Stable -
319 ABL Cash Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 17-May-24 Maintain AA+(f) Stable -
320 ABL Islamic Income Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 17-May-24 Maintain A+(f) Stable -
321 ABL Income Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 17-May-24 Maintain A+(f) Stable -
322 ABL Government Securities Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 17-May-24 Maintain AA-(f) Stable -
323 TPL Corp Limited
Press Release | Report | History
Holding Companies Entity 17-May-24 Maintain A A1 Stable -
324 WAPDA Dasu TFC-B
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
325 WAPDA Dasu Sukuk-B
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
326 WAPDA Dasu Sukuk-C
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
327 WAPDA Dasu TFC-C
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
328 Hub Power Holdings Limited
Press Release | Report | History
Holding Companies Entity 17-May-24 Maintain AA A1+ Stable -
329 Pakistan Mobile Communications Limited
Press Release | Report | History
Telecommunication Entity 17-May-24 Maintain AA A1 Stable -
330 Descon Oxychem Limited
Press Release | Report | History
Chemicals Entity 17-May-24 Maintain A+ A1 Stable -
331 Samba Bank Limited | PPTFC
Press Release | Report | History
Commercial Banks Debt Instrument 16-May-24 Maintain AA- Stable -
332 Entertainment Pakistan Limited
Press Release | Report | History
Real Estate Entity 16-May-24 Maintain BB A3 Stable -
333 NRSP Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 15-May-24 Maintain A- A2 Stable Yes
334 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Microfinance Debt Instrument 15-May-24 Maintain A- Stable Yes
335 Crown Textile
Press Release | Report | History
Composite and Garments Entity 14-May-24 Maintain BBB- A2 Stable -
336 Secure Logistics Group Limited
Press Release | Report | History
Trucks & Buses Entity 14-May-24 Upgrade A+ A1 Stable -
337 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Relief Entity 13-May-24 Maintain A- A2 Stable -
338 Sitara Petroleum Service Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 10-May-24 Maintain A- A2 Stable -
339 KTRADE Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 10-May-24 Maintain BFR 2 Stable -
340 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 10-May-24 Maintain BBB- A2 Positive -
341 Airlink Communication Limited | PPSTS-I | PKR 3bln | Mar-24
Press Release | Report | History
Telecommunication Debt Instrument 09-May-24 Maintain A+ A1 Stable -
342 TPL Insurance Limited
Press Release | Report | History
General Insurance IFS 03-May-24 Maintain AA (ifs) Stable -
343 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Microfinance Debt Instrument 03-May-24 Initial A Stable -
344 Nishat Mills Limited
Press Release | Report | History
Composite and Garments Entity 02-May-24 Maintain AA A1+ Stable -
345 Infra Zamin Pakistan Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 02-May-24 Maintain AAA A1+ Stable -
346 Sefam (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 02-May-24 Maintain A- A2 Stable Yes
347 AL Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-May-24 Maintain BBB A2 Stable Yes
348 Ismail Industries Limited | PPSTS | PKR 4bln | Feb 24
Press Release | Report | History
Food Products Debt Instrument 30-Apr-24 Initial A+ A1 Stable -
349 Mobilink Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 30-Apr-24 Maintain A A1 Stable -
350 K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar-24
Press Release | Report | History
Power Debt Instrument 30-Apr-24 Initial AA A1+ Stable -
351 Telenor Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 30-Apr-24 Maintain A A1 Stable Yes
352 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Entity 29-Apr-24 Maintain BBB+ A2 Positive -
353 AGAHE Pakistan
Press Release | Report | History
Microfinance Entity 26-Apr-24 Maintain BBB- A3 Positive -
354 TPL Properties Limited
Press Release | Report | History
Real Estate Entity 26-Apr-24 Maintain A+ A1 Stable -
355 Union Microfinance Company Limited
Press Release | Report | History
Microfinance Entity 26-Apr-24 Maintain BB+ A3 Stable Yes
356 Pakistan Synthetics Limited
Press Release | Report | History
Paper and Packaging Entity 26-Apr-24 Maintain A- A2 Stable -
357 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Apr-24 Maintain BBB A2 Stable -
358 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 23-Apr-24 Maintain A- A1 Stable Yes
359 Alfalah CLSA Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Apr-24 Maintain BFR 2+ Stable Yes
360 ABL Money Market Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 22-Apr-24 Initial AA+(f) Stable -
361 ABL Islamic Money Market Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 22-Apr-24 Initial AA+(f) Stable -
362 ABL Financial Sector Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 22-Apr-24 Initial A+(f) Stable -
363 ABL Islamic Cash Fund
Press Release | Report | History
Asset Management Companies (AMCs) Stability Rating 22-Apr-24 Maintain AA+(f) Stable Yes
364 New Horizon Computer
Press Release | Report | History
Technology Entity 20-Apr-24 Maintain BB+ A3 Stable -
365 Asif Rice Mills
Press Release | Report | History
Rice Entity 19-Apr-24 Maintain BBB+ A2 Stable -
366 National Foods Limited
Press Release | Report | History
Food Products Entity 19-Apr-24 Maintain AA- A1 Stable -
367 Flying Cement Company Limited
Press Release | Report | History
Cement Entity 19-Apr-24 Maintain A- A2 Stable Yes
368 Faysal Financial Sector Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 19-Apr-24 Downgrade A+(f) Stable -
369 The United Insurance Company of Pakistan Limited
Press Release | Report | History
General Insurance IFS 19-Apr-24 Maintain AA+ (ifs) Stable -
370 786 Smart Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
371 Faysal Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable -
372 Faysal Halal Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable Yes
373 Atlas Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
374 Atlas Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
375 Faysal Savings Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable Yes
376 Atlas Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable -
377 Atlas Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
378 Atlas Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA+(f) Stable -
379 Atlas Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA+(f) Stable -
380 Faysal Income and Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain A(f) Stable -
381 Faysal MTS Fund (FMTSF)
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
382 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Steel Debt Instrument 15-Apr-24 Maintain A+ Stable -
383 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 09-Apr-24 Maintain A+ A1 Stable -
384 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
385 NBP Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
386 NBP Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
387 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
388 NBP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
389 Alfalah GHP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA+(f) Stable -
390 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
391 Alfalah GHP Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
392 NBP Income Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
393 NBP Riba Free Saving Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
394 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
395 NBP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
396 AWT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA+(f) Stable -
397 AWT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
398 NBP Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
399 AWT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
400 Lucky Electric Power Company Limited
Press Release | Report | History
Power Entity 08-Apr-24 Maintain AA A1+ Stable -
401 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Spinning Entity 08-Apr-24 Maintain A- A2 Stable -
402 Shahzad Textile Mills Limited
Press Release | Report | History
Spinning Entity 08-Apr-24 Maintain A- A2 Stable Yes
403 Noon Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB+ A2 Stable -
404 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain A- A2 Stable -
405 Mehran Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain A- A2 Stable -
406 Jauharabad Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB+ A2 Stable -
407 SGM Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB A2 Stable -
408 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 05-Apr-24 Maintain A- A2 Stable -
409 JS Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA(f) Stable -
410 JS Government Securities Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA(f) Stable -
411 JS Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain A+(f) Stable -
412 JS Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA-(f) Stable -
413 JS Microfinance Sector Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain A(f) Stable -
414 JS Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA+(f) Stable -
415 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Power Entity 05-Apr-24 Upgrade A+ A1 Stable -
416 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 05-Apr-24 Upgrade A+ A1 Stable -
417 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Power Entity 04-Apr-24 Maintain AA A1+ Stable -
418 International Business Management
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB+ A3 Stable -
419 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB A3 Stable -
420 Madiha International (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB A3 Stable -
421 First Capital Investments Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 03-Apr-24 Maintain AM4++ Stable -
422 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24
Press Release | Report | History
Industrial Gases Debt Instrument 03-Apr-24 Initial A+ Stable -
423 Mount Fuji Textiles Limited
Press Release | Report | History
Composite and Garments Entity 30-Mar-24 Maintain BBB A2 Positive -
424 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 29-Mar-24 Maintain BBB A2 Stable -
425 Masood Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 29-Mar-24 Maintain A- A2 Stable -
426 Sindh Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Mar-24 Maintain A- A2 Stable -
427 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Spinning Entity 29-Mar-24 Maintain BBB- A2 Stable -
428 Sargodha Jute Mills Limited
Press Release | Report | History
Jute Entity 29-Mar-24 Maintain A- A2 Stable -
429 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Mar-24 Maintain BBB A2 Stable -
430 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Microfinance Entity 28-Mar-24 Maintain BBB A3 Stable -
431 JWS Pakistan
Press Release | Report | History
Microfinance Entity 28-Mar-24 Maintain BBB A3 Stable -
432 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 27-Mar-24 Maintain BB+ A3 Stable -
433 Gharibwal Cement Limited
Press Release | Report | History
Cement Entity 25-Mar-24 Maintain A A2 Stable -
434 Dr. Arslan Razaque Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 22-Mar-24 Initial BFR 3 Stable -
435 Kohinoor Energy Limited
Press Release | Report | History
Power Entity 22-Mar-24 Maintain AA A1+ Stable -
436 Fecto Cement Limited
Press Release | Report | History
Cement Entity 22-Mar-24 Maintain A- A2 Stable Yes
437 Halmore Power Generation Company Limited
Press Release | Report | History
Power Entity 22-Mar-24 Maintain AA- A1 Stable -
438 Warble (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-24 Maintain BBB- A2 Stable -
439 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-24 Maintain BBB- A2 Stable -
440 Saif Power Limited
Press Release | Report | History
Power Entity 21-Mar-24 Maintain AA- A1 Stable -
441 KTM Leather (Pvt.) Limited
Press Release | Report | History
Leather Entity 21-Mar-24 Maintain BBB+ A2 Stable Yes
442 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Weaving Entity 20-Mar-24 Maintain A A1 Stable -
443 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Commercial Banks Entity 19-Mar-24 Initial BBB+ A2 Stable -
444 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Metals Entity 18-Mar-24 Upgrade A- A2 Stable -
445 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 -
446 Descon Engineering Limited
Press Release | Report | History
Construction Entity 15-Mar-24 Maintain AA- A1 Stable -
447 Unicol Limited
Press Release | Report | History
Sugar Entity 15-Mar-24 Maintain A A1 Stable -
448 Aba Ali Habib Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Mar-24 Initial BFR 2 Stable -
449 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Sugar Entity 15-Mar-24 Maintain BBB+ A2 Stable -
450 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 15-Mar-24 Maintain A- A2 Stable -
451 Fauji Cement Company Limited
Press Release | Report | History
Cement Entity 15-Mar-24 Maintain AA- A1+ Stable -
452 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 13-Mar-24 Upgrade BBB+ A2 Stable -
453 ARY Communications Limited
Press Release | Report | History
Media Entity 12-Mar-24 Initial A A1 Stable -
454 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 08-Mar-24 Maintain BFR 3+ Stable -
455 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Mar-24 Maintain AA- A1 Stable -
456 Newage Cables (Pvt.) Limited
Press Release | Report | History
Transmission & Distribution | Electricity Entity 04-Mar-24 Initial A- A2 Stable -
457 D.G. Khan Cement Company Limited
Press Release | Report | History
Cement Entity 01-Mar-24 Maintain AA- A1+ Stable -
458 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB- A3 Stable Yes
459 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB A2 Stable Yes
460 Adamjee Insurance Company Limited
Press Release | Report | History
General Insurance IFS 01-Mar-24 Maintain AA++ (ifs) Stable -
461 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB A2 Stable -
462 Masood Spinning Mills Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain A- A2 Stable -
463 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 -
464 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non-Banking Finance Companies Entity 01-Mar-24 Maintain AA A1+ Stable -
465 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Media Entity 01-Mar-24 Maintain BBB+ A2 Stable -
466 Poly Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 01-Mar-24 Maintain A- A2 Stable -
467 Faysal Special Savings Fund
Press Release | Report | History
Mutual Funds Capital Preservation Rating 29-Feb-24 Initial CP2+ Stable -
468 Kashf Foundation
Press Release | Report | History
Microfinance Entity 23-Feb-24 Upgrade A A1 Stable -
469 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Feb-24 Maintain A+ A1 Stable -
470 IGI General Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Feb-24 Maintain AA+ (ifs) Stable -
471 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 23-Feb-24 Maintain A- A2 Stable -
472 Select Technologies (Pvt.) Limited
Press Release | Report | History
Mobile Phone and Allied Products Entity 23-Feb-24 Initial A A1 Stable -
473 Airlink Communication
Press Release | Report | History
Mobile Phone and Allied Products Entity 23-Feb-24 Upgrade A+ A1 Stable -
474 FINCA Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 23-Feb-24 Downgrade BBB+ A3 Negative Yes
475 Jubilee Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 22-Feb-24 Maintain AA++ (ifs) Stable -
476 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Spinning Entity 22-Feb-24 Maintain A- A2 Stable -
477 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 21-Feb-24 Maintain A+ A1 Stable -
478 Liberty Wind Power 1 Limited
Press Release | Report | History
Power Entity 20-Feb-24 Maintain A A2 Stable -
479 Liberty Wind Power 2 Limited
Press Release | Report | History
Power Entity 20-Feb-24 Maintain A A2 Stable -
480 Sapphire Electric Company Limited
Press Release | Report | History
Power Entity 19-Feb-24 Maintain AA- A1+ Stable -
481 Maqbool Textile Mills Limited
Press Release | Report | History
Spinning Entity 16-Feb-24 Maintain BBB+ A2 Stable Yes
482 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 16-Feb-24 Maintain A- A2 Stable -
483 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 16-Feb-24 Maintain A A1 Stable -
484 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Sugar Entity 16-Feb-24 Maintain BBB A2 Positive -
485 Gul Ahmed Electric Limited
Press Release | Report | History
Power Entity 16-Feb-24 Maintain A A2 Stable -
486 Nishat Paper Products Company Limited
Press Release | Report | History
Paper and Packaging Entity 16-Feb-24 Maintain A A1 Stable -
487 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 16-Feb-24 Maintain BBB A2 Stable -
488 BMA Investment Advisors Limited (Formerly BMA Asset Management Company Limited)
Press Release | Report | History
Asset Management Companies (AMCs) Investment Advisor Rating 09-Feb-24 Upgrade AM2+ (ia) Stable -
489 Askari General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 07-Feb-24 Maintain AA+ (ifs) Stable -
490 Pak Qatar General Takaful Limited
Press Release | Report | History
General Insurance IFS 07-Feb-24 Maintain A+ (ifs) Stable -
491 Ibrahim Fibres Limited
Press Release | Report | History
Polyester Entity 07-Feb-24 Maintain AA A1+ Stable -
492 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB+ A2 Stable -
493 Punjab Oil Mills Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB+ A2 Stable -
494 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain A- A2 Stable -
495 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB- A3 Positive -
496 Denim-E (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 07-Feb-24 Maintain BBB- A2 Stable -
497 Salaam Takaful Limited (Formerly: Takaful Pakistan Limited)
Press Release | Report | History
General Insurance IFS 02-Feb-24 Maintain A++ (ifs) Stable -
498 Sindh Insurance Limited
Press Release | Report | History
General Insurance IFS 31-Jan-24 Maintain A++ (ifs) Stable -
499 Jasons Commodities
Press Release | Report | History
Rice Entity 31-Jan-24 Upgrade BBB A2 Stable -
500 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 30-Jan-24 Maintain A- A2 Negative Yes
501 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain BBB- A2 Stable -
502 KAM International
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain A- A2 Stable -
503 Crescent Star Insurance Limited
Press Release | Report | History
General Insurance IFS 26-Jan-24 Maintain A (ifs) Stable Yes
504 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Companies Entity 26-Jan-24 Maintain A- A1 Stable -
505 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Construction Entity 26-Jan-24 Maintain BBB A2 Positive -
506 Zahir Khan & Brothers
Press Release | Report | History
Construction Entity 23-Jan-24 Maintain A A2 Stable -
507 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Jan-24 Maintain BBB A2 Stable -
508 Oursun Pakistan Limited
Press Release | Report | History
Power Entity 22-Jan-24 Maintain A A1 Stable -
509 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 20-Jan-24 Upgrade BBB A2 Stable -
510 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Jan-24 Maintain BBB A2 Stable -
511 BRB Properties Builders and Developers
Press Release | Report | History
Real Estate Entity 17-Jan-24 Maintain BB+ A3 Stable -
512 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 17-Jan-24 Maintain BBB A2 Stable -
513 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Power Entity 16-Jan-24 Maintain A- A2 Stable -
514 Loads Limited
Press Release | Report | History
Automotive Parts Entity 16-Jan-24 Maintain A A1 Negative Yes
515 University of Management and Technology
Press Release | Report | History
Education Entity 15-Jan-24 Initial A- A2 Stable -
516 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Hotel & Lodging Entity 12-Jan-24 Initial AA A1 Stable -
517 Kohat Cement Company Limited
Press Release | Report | History
Cement Entity 12-Jan-24 Upgrade A+ A1 Stable -
518 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 10-Jan-24 Maintain BBB A2 Stable -
519 Foundation Power Company Daharki Limited
Press Release | Report | History
Power Entity 05-Jan-24 Maintain AA- A1+ Stable -
520 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 05-Jan-24 Maintain A A1 Stable -
521 Multi Resin Industries
Press Release | Report | History
Chemicals Entity 03-Jan-24 Maintain BBB- A2 Stable -
522 JS Rental REIT
Press Release | Report | History
Real Estate Rental REIT Fund 03-Jan-24 Maintain A+(rr) Stable -
523 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharmaceuticals Entity 30-Dec-23 Upgrade AA A1+ Stable -
524 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 30-Dec-23 Maintain A- A2 Stable -
525 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Companies Entity 29-Dec-23 Initial AA- A1 Stable -
526 Service Global Footwear Limited
Press Release | Report | History
Footwear Entity 29-Dec-23 Initial A+ A1 Stable -
527 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Weaving Entity 29-Dec-23 Maintain BBB+ A2 Stable -
528 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Power Entity 29-Dec-23 Maintain AA+ A1+ Stable -
529 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Furniture & Fixtures Entity 29-Dec-23 Maintain A- A2 Stable -
530 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 29-Dec-23 Maintain BBB A2 Stable -
531 HBL Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 28-Dec-23 Maintain A+ A1 Stable -
532 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Healthcare Entity 28-Dec-23 Initial A- A2 Stable -
533 Al Rahim Textile Industries Limited
Press Release | Report | History
Towels Entity 28-Dec-23 Maintain A A1 Stable -
534 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Steel Entity 28-Dec-23 Maintain BB+ A3 Stable -
535 Cherat Cement Company Limited
Press Release | Report | History
Cement Entity 28-Dec-23 Maintain A+ A1 Stable -
536 JS Investments Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 27-Dec-23 Maintain AM2+ Stable -
537 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 26-Dec-23 Initial BBB+ A2 Stable -
538 TPL REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 23-Dec-23 Maintain RM 3+ Stable -
539 TPL REIT Fund I
Press Release | Report | History
Real Estate REIT Fund Rating 23-Dec-23 Maintain RFR 3+ Stable -
540 Reliance Weaving Mills Limited
Press Release | Report | History
Composite and Garments Entity 22-Dec-23 Maintain A A2 Stable -
541 5th Pillar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 22-Dec-23 Maintain A+ (ifs) Stable -
542 786 Investments Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 22-Dec-23 Maintain AM3 Stable -
543 TOTAL PARCO Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 22-Dec-23 Maintain AAA A1+ Stable -
544 Sayban International
Press Release | Report | History
Pesticides Entity 22-Dec-23 Maintain BBB- A2 Stable -
545 Tariq Glass Industries Limited
Press Release | Report | History
Glass Entity 22-Dec-23 Maintain A+ A1 Stable -
546 United Ethanol Industries Limited
Press Release | Report | History
Sugar Entity 22-Dec-23 Maintain A- A2 Stable -
547 Atlas Asset Management Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 22-Dec-23 Maintain AM2+ Stable -
548 Pakistan National Shipping Corporation
Press Release | Report | History
Shipping Entity 22-Dec-23 Maintain AA A1+ Stable -
549 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 22-Dec-23 Initial BBB+ A2 Stable -
550 Siddiqsons Tinplate Limited
Press Release | Report | History
Paper and Packaging Entity 22-Dec-23 Maintain A- A2 Stable Yes
551 Cherat Packaging Limited
Press Release | Report | History
Paper and Packaging Entity 22-Dec-23 Maintain A A1 Positive -
552 Swat Agro Chemicals
Press Release | Report | History
Pesticides Entity 21-Dec-23 Maintain BBB- A2 Stable -
553 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-23 Maintain A- A2 Stable -
554 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-23 Maintain A- A2 Stable -
555 TPL Trakker Limited
Press Release | Report | History
Tracking Services Entity 21-Dec-23 Maintain A- A2 Stable -
556 EFG Hermes Pakistan Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Dec-23 Maintain BFR 2+ Stable -
557 EFG Hermes Pakistan Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Dec-23 Maintain BMR2+ Stable -
558 EFG Hermes Pakistan Limited
Press Release | Report | History
Brokerage & Securities Entity 21-Dec-23 Maintain A- A1 Developing Yes
559 EXIDE Pakistan Limited
Press Release | Report | History
Batteries Entity 21-Dec-23 Maintain BBB A2 Positive -
560 IMM REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 20-Dec-23 Initial RM 3 Stable -
561 Arif Habib Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Dec-23 Maintain BFR 1 Stable -
562 Arif Habib Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 15-Dec-23 Maintain BMR1 Stable -
563 IGI Holdings Limited
Press Release | Report | History
Holding Companies Entity 15-Dec-23 Maintain AA A1+ Stable -
564 MACPAC Films Limited
Press Release | Report | History
Paper and Packaging Entity 15-Dec-23 Upgrade BBB+ A2 Stable -
565 Sui Southern Gas Company Limited
Press Release | Report | History
Distribution | Gas Entity 15-Dec-23 Maintain A+ A1 Stable Yes
566 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Construction Entity 14-Dec-23 Maintain A- A2 Stable -
567 Sapphire Retail Limited
Press Release | Report | History
Composite and Garments Entity 14-Dec-23 Maintain A- A2 Stable -
568 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Companies Entity 14-Dec-23 Maintain AA- A1 Stable -
569 JS Global Capital Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 14-Dec-23 Maintain BMR1 Stable -
570 JS Global Capital Limited
Press Release | Report | History
Brokerage & Securities Entity 14-Dec-23 Maintain AA A1+ Stable -
571 JS Global Capital Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Dec-23 Maintain BFR 1 Stable -
572 Rural Community Development Programmes
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-23 Maintain SIP3++ Stable -
573 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-23 Maintain SIP3 Stable -
574 Pak Arab Refinery Limited
Press Release | Report | History
Refineries Entity 08-Dec-23 Maintain AAA A1+ Stable -
575 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 08-Dec-23 Upgrade A- A2 Stable -
576 Ismail Industries Limited
Press Release | Report | History
Food Products Entity 08-Dec-23 Maintain A+ A1 Stable -
577 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food Products Entity 07-Dec-23 Initial A A1 Stable -
578 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Sugar Entity 01-Dec-23 Initial A A1 Stable -
579 Habib Insurance Company Limited
Press Release | Report | History
General Insurance IFS 01-Dec-23 Maintain A++ (ifs) Stable -
580 Mughal Energy Limited
Press Release | Report | History
Power Entity 01-Dec-23 Maintain A A2 Stable -
581 Zameen REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 30-Nov-23 Initial RM 2 Stable -
582 Zameen Five REIT
Press Release | Report | History
Real Estate REIT Fund Rating 30-Nov-23 Preliminary RFR 2+ Stable -
583 Dawood Equities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 30-Nov-23 Initial BFR 3+ Stable -
584 KSB Pumps Company Limited
Press Release | Report | History
Machinery Entity 29-Nov-23 Maintain A+ A1 Stable Yes
585 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 28-Nov-23 Initial A- A2 Stable -
586 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 28-Nov-23 Initial A- A2 Stable -
587 Reliance Insurance Company Limited
Press Release | Report | History
General Insurance IFS 24-Nov-23 Maintain A+ (ifs) Stable -
588 HUM Network Limited
Press Release | Report | History
Media Entity 24-Nov-23 Maintain A+ A1 Stable -
589 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Chemicals Entity 24-Nov-23 Maintain BBB+ A2 Positive -
590 Sapphire Finishing Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain A A1 Stable -
591 Be Be Jan Pakistan Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain BBB A2 Stable -
592 DIC Pakistan Limited
Press Release | Report | History
Chemicals Entity 23-Nov-23 Maintain AA- A1 Stable -
593 Ghani Global Glass Limited
Press Release | Report | History
Glass Entity 23-Nov-23 Maintain BBB+ A2 Positive -
594 Inbox Business Technologies Limited
Press Release | Report | History
Technology Entity 23-Nov-23 Maintain A- A2 Stable -
595 KTRADE Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 22-Nov-23 Maintain A- A2 Stable -
596 Chanar Energy Limited
Press Release | Report | History
Power Entity 22-Nov-23 Maintain BBB- A3 Stable Yes
597 Ghani Global Holdings Limited
Press Release | Report | History
Holding Companies Entity 22-Nov-23 Maintain A- A2 Positive -
598 Spectrum Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Nov-23 Maintain BMR3+ Stable -
599 Spectrum Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Nov-23 Upgrade BFR 3+ Stable -
600 Prism Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 17-Nov-23 Initial A+ A1 Stable -
601 Ahmed Fine Weaving Limited
Press Release | Report | History
Weaving Entity 17-Nov-23 Maintain A- A2 Stable -
602 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Steel Entity 16-Nov-23 Upgrade BBB A2 Stable -
603 Sapphire Fibres Limited
Press Release | Report | History
Composite and Garments Entity 13-Nov-23 Maintain A+ A1 Stable -
604 Glamour Textile Mills Limited
Press Release | Report | History
Spinning Entity 13-Nov-23 Maintain BBB- A2 Stable -
605 Liberty Power Tech Limited
Press Release | Report | History
Power Entity 10-Nov-23 Maintain AA- A1 Stable -
606 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Companies Entity 08-Nov-23 Maintain A+ A1 Stable -
607 Jubilee General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 03-Nov-23 Maintain AA++ (ifs) Stable -
608 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Steel Entity 01-Nov-23 Maintain BBB- A3 Developing -
609 Zahidjee Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 31-Oct-23 Maintain A A1 Stable -
610 Orient Rental Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 27-Oct-23 Maintain A- A2 Stable -
611 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 27-Oct-23 Maintain BMR2 Stable -
612 Islamabad Farms
Press Release | Report | History
Poultry Entity 27-Oct-23 Maintain BBB- A3 Stable -
613 ABL Asset Management Company Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 26-Oct-23 Maintain AM1 Stable -
614 Pharmagen Limited
Press Release | Report | History
Pharmaceuticals Entity 25-Oct-23 Maintain A- A2 Stable -
615 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
616 Thar Energy Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
617 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Rice Entity 24-Oct-23 Initial A- A2 Stable -
618 Stylers International Limited
Press Release | Report | History
Composite and Garments Entity 23-Oct-23 Maintain A A1 Stable -
619 AGP Limited
Press Release | Report | History
Pharmaceuticals Entity 23-Oct-23 Maintain A+ A1 Stable -
620 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 21-Oct-23 Maintain BBB- A2 Positive -
621 Postal Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 20-Oct-23 Maintain A+ (ifs) Stable -
622 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharmaceuticals Entity 20-Oct-23 Maintain A A1 Stable -
623 Ghandhara Industries Limited
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A+ A1 Stable -
624 Ghandhara Automobiles Limited (formerly known as Ghandhara Nissan Limited)
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A A1 Stable -
625 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Steel Entity 16-Oct-23 Maintain A+ A1 Stable -
626 Hassan Ali Rice Export Company
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB+ A2 Stable -
627 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
628 Engro Eximp Agriproducts (Pvt.) Limited
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain A- A2 Stable -
629 Din Energy Limited
Press Release | Report | History
Power Entity 13-Oct-23 Maintain A A2 Stable -
630 Habib Construction Services Limited
Press Release | Report | History
Construction Entity 12-Oct-23 Maintain BBB+ A2 Stable -
631 Pak Qatar Asset Management Company Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 11-Oct-23 Initial AM2 Stable -
632 A.J. Textile Mills Limited
Press Release | Report | History
Spinning Entity 11-Oct-23 Maintain A- A2 Stable -
633 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Rice Entity 10-Oct-23 Maintain BBB+ A2 Stable -
634 MCB Investment Management Limited
Press Release | Report | History
Asset Management Companies (AMCs) Asset Manager 06-Oct-23 Maintain AM1 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.