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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Hi-Tech Blending (Pvt.) Limited
Press Release | Report | History
Energy Entity 24-Jun-26 Initial A- Stable -
2 Hi-Tech Lubricants Limited
Press Release | Report | History
Energy Entity 24-Jun-26 Initial A Stable -
3 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Consumers Goods & Services Entity 24-Jun-26 Maintain AA- Stable -
4 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 24-Jun-26 Upgrade BBB+ Stable -
5 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Energy Entity 24-Jun-26 Maintain AA Stable -
6 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 19-Jun-26 Maintain AA+ Stable -
7 Engro Holdings Limited
Press Release | Report | History
Holding Company Entity 19-Jun-26 Maintain AA Stable -
8 Yunus Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Jun-26 Maintain AA Stable -
9 Saif Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Jun-26 Maintain A- Stable Yes
10 Siddiqsons Limited
Press Release | Report | History
Textile & Allied Entity 19-Jun-26 Maintain A- Stable -
11 DIC Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 18-Jun-26 Maintain AA- Stable -
12 Narowal Energy Limited
Press Release | Report | History
Energy Entity 18-Jun-26 Maintain AA- Stable -
13 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 18-Jun-26 Maintain A- Stable -
14 Kohat Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 17-Jun-26 Maintain A- Stable -
15 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Jun-26 Maintain A- Stable -
16 ZKB Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 15-Jun-26 Maintain A Stable -
17 Packages Limited
Press Release | Report | History
Holding Company Entity 12-Jun-26 Maintain AA+ Stable -
18 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jun-26 Upgrade BBB Stable -
19 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Energy Entity 12-Jun-26 Maintain A Stable -
20 VMS Trading Company
Press Release | Report | History
Agriculture & Allied Entity 12-Jun-26 Maintain BBB Stable -
21 E-Vision Manufacturing Limited
Press Release | Report | History
Textile & Allied Entity 12-Jun-26 Maintain BBB Stable -
22 Meko Fabrics (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-Jun-26 Maintain BBB+ Stable -
23 Pakistan Refinery Limited
Press Release | Report | History
Energy Entity 05-Jun-26 Maintain A Stable -
24 ACT Wind (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Jun-26 Maintain A+ Stable -
25 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Jun-26 Maintain AA- Stable -
26 K-Electric Limited
Press Release | Report | History
Energy Entity 04-Jun-26 Maintain AA Stable Yes
27 Hadeed Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 04-Jun-26 Maintain A Stable -
28 The Hub Power Company Limited
Press Release | Report | History
Energy Entity 02-Jun-26 Maintain AA+ Stable -
29 Masood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 02-Jun-26 Maintain A Stable -
30 Panther Tyres Limited
Press Release | Report | History
Auto and Allied Entity 25-May-26 Maintain A Stable -
31 Kassim (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-May-26 Initial BBB Stable -
32 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Logistics Entity 22-May-26 Maintain AAA Stable -
33 Olympia Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 22-May-26 Maintain A Stable -
34 National Refinery Limited
Press Release | Report | History
Energy Entity 22-May-26 Maintain AA Developing Yes
35 Tata Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-May-26 Maintain A Stable Yes
36 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-May-26 Maintain BBB+ Stable -
37 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-May-26 Maintain BB Stable -
38 Nishat Hotels and Properties Ltd
Press Release | Report | History
Consumers Goods & Services Entity 22-May-26 Maintain A Stable -
39 Attock Refinery Limited
Press Release | Report | History
Energy Entity 21-May-26 Maintain AA Stable -
40 Ghani Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 18-May-26 Maintain A Positive -
41 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 18-May-26 Maintain A- Stable -
42 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 16-May-26 Maintain A Developing Yes
43 Martin Dow Marker Limited
Press Release | Report | History
Pharma and Chemicals Entity 15-May-26 Maintain A+ Stable -
44 JazzWorld Pakistan Limited (formerly Pakistan Mobile Communications Ltd)
Press Release | Report | History
Communication Entity 15-May-26 Maintain AA Stable -
45 Descon Oxychem Limited
Press Release | Report | History
Pharma and Chemicals Entity 15-May-26 Maintain A+ Stable -
46 Karachi Gateway Terminal (Pvt.) Limited
Press Release | Report | History
Logistics Entity 13-May-26 Initial AA- Stable -
47 Karachi Gateway Terminal Multipurpose (Pvt.) Limited
Press Release | Report | History
Logistics Entity 13-May-26 Initial AA- Stable -
48 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-May-26 Maintain A- Stable Yes
49 Entertainment Pakistan Limited
Press Release | Report | History
Infrastructure Entity 13-May-26 Maintain BB Stable -
50 Neelum Oil and Ghee Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 13-May-26 Maintain A- Stable -
51 Waheed Hafeez Ghee Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 13-May-26 Maintain A- Stable -
52 Treet Battery Limited
Press Release | Report | History
Auto and Allied Entity 12-May-26 Initial A- Stable -
53 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-May-26 Maintain A Stable -
54 BF Biosciences Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-May-26 Maintain A- Stable -
55 Ziauddin University
Press Release | Report | History
Consumers Goods & Services Entity 12-May-26 Maintain BBB Stable -
56 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-May-26 Maintain BBB Stable -
57 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 08-May-26 Maintain AA Stable -
58 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-May-26 Maintain BBB+ Stable -
59 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-May-26 Maintain A- Stable -
60 Gas & Oil Pakistan Limited
Press Release | Report | History
Energy Entity 05-May-26 Maintain AA Stable -
61 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 04-May-26 Upgrade A Stable -
62 Netracon Technologies (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Apr-26 Initial A- Stable -
63 Nishat Mills Limited
Press Release | Report | History
Textile & Allied Entity 30-Apr-26 Maintain AA Stable -
64 Sefam (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Apr-26 Maintain A- Stable Yes
65 Mahmood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 30-Apr-26 Maintain A- Stable -
66 Master Green Energy Limited
Press Release | Report | History
Energy Entity 30-Apr-26 Maintain A Stable -
67 Ferozsons Laboratories Limited
Press Release | Report | History
Pharma and Chemicals Entity 28-Apr-26 Maintain A Stable -
68 Pakistan Synthetics Limited
Press Release | Report | History
Consumers Goods & Services Entity 24-Apr-26 Maintain A- Stable -
69 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Apr-26 Maintain BBB Stable -
70 Flying Cement Company Limited
Press Release | Report | History
Infrastructure Entity 18-Apr-26 Maintain A- Stable Yes
71 Asif Rice Mills
Press Release | Report | History
Agriculture & Allied Entity 17-Apr-26 Maintain BBB+ Stable -
72 National Foods Limited
Press Release | Report | History
Food and Allied Entity 17-Apr-26 Maintain AA- Stable -
73 New Horizon Computer
Press Release | Report | History
Engineering and Technology Entity 17-Apr-26 Maintain BBB- Stable -
74 GH2 Industries (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Apr-26 Maintain A- Stable -
75 Crown Textile
Press Release | Report | History
Textile & Allied Entity 14-Apr-26 Maintain BBB- Positive -
76 Packages Real Estate (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 10-Apr-26 Maintain A Stable -
77 Hilal Foods (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 10-Apr-26 Maintain A- Stable -
78 Armstrong ZE (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 09-Apr-26 Initial A- Stable -
79 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 09-Apr-26 Maintain A+ Stable -
80 Lucky Electric Power Company Limited
Press Release | Report | History
Energy Entity 06-Apr-26 Maintain AA Stable -
81 International Business Management
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-26 Maintain BB+ Stable -
82 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-26 Maintain BB+ Stable -
83 Madiha International (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-26 Maintain BB+ Stable -
84 Mehran Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 03-Apr-26 Maintain A- Stable -
85 Noon Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 03-Apr-26 Upgrade A- Stable -
86 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 03-Apr-26 Maintain A- Stable Yes
87 HNDS Energy Limited
Press Release | Report | History
Energy Entity 26-Mar-26 Maintain A Stable -
88 Meridian Energy Limited
Press Release | Report | History
Energy Entity 26-Mar-26 Maintain A Stable -
89 Helios Power Limited
Press Release | Report | History
Energy Entity 26-Mar-26 Maintain A Stable -
90 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Mar-26 Maintain BBB Stable -
91 Sargodha Jute Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Mar-26 Maintain A- Stable -
92 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Mar-26 Maintain A- Stable -
93 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Mar-26 Maintain BBB- Stable -
94 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 26-Mar-26 Maintain BB+ Stable -
95 A. Rahim Foods (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 26-Mar-26 Maintain A- Stable -
96 Amreli Steels Limited
Press Release | Report | History
Infrastructure Entity 26-Mar-26 Maintain CCC Developing Yes
97 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 19-Mar-26 Maintain A Stable -
98 Kohinoor Energy Limited
Press Release | Report | History
Energy Entity 19-Mar-26 Maintain AA Stable -
99 Saif Power Limited
Press Release | Report | History
Energy Entity 19-Mar-26 Maintain AA- Stable -
100 KTM Leather (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 19-Mar-26 Maintain BBB+ Stable Yes
101 Warble (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 19-Mar-26 Maintain BBB Stable -
102 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 19-Mar-26 Maintain BBB Stable -
103 Mount Fuji Textiles Limited
Press Release | Report | History
Textile & Allied Entity 19-Mar-26 Maintain BBB+ Stable -
104 TPL Properties Limited
Press Release | Report | History
Infrastructure Entity 19-Mar-26 Downgrade A Developing Yes
105 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Engineering and Technology Entity 18-Mar-26 Maintain A- Stable -
106 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 13-Mar-26 Maintain BBB+ Stable -
107 Unicol Limited
Press Release | Report | History
Agriculture & Allied Entity 13-Mar-26 Maintain A Stable -
108 Fauji Cement Company Limited
Press Release | Report | History
Infrastructure Entity 12-Mar-26 Maintain AA- Stable -
109 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 12-Mar-26 Upgrade A- Stable -
110 SGM Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 11-Mar-26 Upgrade BBB+ Stable -
111 Jauharabad Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 11-Mar-26 Maintain BBB+ Positive -
112 ARY Communications Limited
Press Release | Report | History
Communication Entity 10-Mar-26 Maintain A Stable -
113 Halmore Power Generation Company Limited
Press Release | Report | History
Energy Entity 09-Mar-26 Maintain AA- Stable -
114 Euro Oil (Pvt.) Limited
Press Release | Report | History
Energy Entity 06-Mar-26 Initial A- Stable -
115 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Mar-26 Maintain AA- Stable -
116 Shahzad Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 06-Mar-26 Maintain A- Stable -
117 Masood Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Feb-26 Maintain A- Stable -
118 Poly Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Feb-26 Maintain A- Stable -
119 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Communication Entity 27-Feb-26 Maintain BBB+ Stable -
120 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 27-Feb-26 Maintain BBB Stable -
121 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Feb-26 Maintain BBB- Stable Yes
122 Newage Cables (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Feb-26 Maintain A- Stable -
123 D.G. Khan Cement Company Limited
Press Release | Report | History
Infrastructure Entity 26-Feb-26 Maintain AA- Stable -
124 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Feb-26 Maintain A+ Stable -
125 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Feb-26 Maintain A- Stable -
126 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Feb-26 Maintain A- Stable -
127 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 20-Feb-26 Maintain A+ Stable -
128 Fecto Cement Limited
Press Release | Report | History
Infrastructure Entity 20-Feb-26 Maintain A- Stable -
129 Select Technologies Limited
Press Release | Report | History
Distributors Entity 20-Feb-26 Maintain A Stable -
130 Descon Engineering Limited
Press Release | Report | History
Infrastructure Entity 18-Feb-26 Maintain AA- Positive -
131 Liberty Wind Power 2 Limited
Press Release | Report | History
Energy Entity 18-Feb-26 Maintain A Stable -
132 Liberty Wind Power 1 Limited
Press Release | Report | History
Energy Entity 18-Feb-26 Maintain A Stable -
133 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Feb-26 Maintain BBB+ Stable -
134 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 13-Feb-26 Maintain BBB Positive -
135 Maqbool Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Feb-26 Downgrade BBB- Stable -
136 Nishat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 13-Feb-26 Maintain A Stable -
137 Gul Ahmed Electric Limited
Press Release | Report | History
Energy Entity 13-Feb-26 Maintain A Stable -
138 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 12-Feb-26 Maintain A Stable -
139 Gharibwal Cement Limited
Press Release | Report | History
Infrastructure Entity 12-Feb-26 Maintain A Stable -
140 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 12-Feb-26 Upgrade BBB+ Stable -
141 Shams Power Limited
Press Release | Report | History
Energy Entity 10-Feb-26 Initial A- Stable -
142 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain BBB+ Stable -
143 Denim-E (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 06-Feb-26 Maintain BBB- Positive -
144 Eva Foods (Pvt.) Ltd (formerly: Shujabad Agro Industries (Pvt.) Limited)
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain A- Stable -
145 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain BBB- Positive -
146 Punjab Oil Mills Limited
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain BBB+ Stable -
147 Ibrahim Fibres Limited
Press Release | Report | History
Textile & Allied Entity 06-Feb-26 Maintain AA Stable -
148 Jasons Commodities
Press Release | Report | History
Agriculture & Allied Entity 30-Jan-26 Maintain BBB Stable -
149 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 29-Jan-26 Maintain A- Stable -
150 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 23-Jan-26 Maintain A- Stable -
151 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Jan-26 Maintain BBB Stable -
152 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Jan-26 Maintain BBB- Positive -
153 Zahir Khan & Brothers
Press Release | Report | History
Infrastructure Entity 21-Jan-26 Maintain A Stable -
154 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 21-Jan-26 Maintain BBB+ Stable -
155 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Jan-26 Upgrade BBB+ Stable -
156 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Jan-26 Upgrade BBB+ Stable -
157 University of Management and Technology
Press Release | Report | History
Consumers Goods & Services Entity 15-Jan-26 Upgrade A Stable -
158 Loads Limited
Press Release | Report | History
Auto and Allied Entity 15-Jan-26 Maintain A Stable -
159 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jan-26 Maintain AA Stable -
160 Kohat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 12-Jan-26 Maintain A+ Stable -
161 Oursun Pakistan Limited
Press Release | Report | History
Energy Entity 09-Jan-26 Maintain A+ Stable -
162 Polaris Danah Natural Resource Development (Pvt.) Limited
Press Release | Report | History
Energy Entity 08-Jan-26 Maintain BB Stable -
163 Mari Energies Limited
Press Release | Report | History
Energy Entity 08-Jan-26 Maintain AAA Stable -
164 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Jan-26 Upgrade BBB+ Stable -
165 Multi Resin Industries
Press Release | Report | History
Pharma and Chemicals Entity 02-Jan-26 Maintain BBB- Stable -
166 Foundation Power Company Daharki Limited
Press Release | Report | History
Energy Entity 02-Jan-26 Maintain AA- Stable -
167 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Agriculture & Allied Entity 31-Dec-25 Maintain BBB Stable -
168 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Dec-25 Maintain A- Stable -
169 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 30-Dec-25 Maintain AA Stable -
170 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Energy Entity 29-Dec-25 Maintain A- Stable -
171 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Dec-25 Maintain BBB+ Stable -
172 Attock Petroleum Limited
Press Release | Report | History
Energy Entity 26-Dec-25 Initial AA Stable -
173 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Dec-25 Maintain A- Stable -
174 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Dec-25 Maintain AA- Stable -
175 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-25 Maintain BBB+ Positive -
176 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Consumers Goods & Services Entity 26-Dec-25 Maintain A- Stable -
177 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Dec-25 Maintain BB+ Stable -
178 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Dec-25 Maintain AA+ Stable -
179 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Dec-25 Upgrade BBB+ Stable -
180 Cherat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 26-Dec-25 Maintain A+ Stable -
181 Service Global Footwear Limited
Press Release | Report | History
Consumers Goods & Services Entity 24-Dec-25 Maintain A+ Stable -
182 Al Rahim Textile Industries Limited
Press Release | Report | History
Textile & Allied Entity 24-Dec-25 Maintain A Stable -
183 Cherat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Dec-25 Maintain A Positive -
184 Siddiqsons Tinplate Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Dec-25 Maintain A- Developing -
185 Inverex Power Solution
Press Release | Report | History
Energy Entity 20-Dec-25 Initial BBB Stable -
186 Reliance Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Dec-25 Maintain A Stable -
187 United Ethanol Industries Limited
Press Release | Report | History
Agriculture & Allied Entity 19-Dec-25 Maintain A- Stable -
188 EXIDE Pakistan Limited
Press Release | Report | History
Auto and Allied Entity 19-Dec-25 Maintain BBB+ Stable -
189 Tariq Glass Industries Limited
Press Release | Report | History
Infrastructure Entity 19-Dec-25 Maintain A+ Stable -
190 TPL Trakker Limited
Press Release | Report | History
Logistics Entity 19-Dec-25 Maintain A- Developing Yes
191 Advance Telecom (Pvt.) Limited
Press Release | Report | History
Distributors Entity 19-Dec-25 Maintain A- Stable -
192 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 18-Dec-25 Maintain BBB+ Stable -
193 PARCO Gunvor Limited
Press Release | Report | History
Energy Entity 17-Dec-25 Maintain AAA Stable -
194 Pakistan National Shipping Corporation
Press Release | Report | History
Logistics Entity 16-Dec-25 Upgrade AA+ Stable -
195 MACPAC Films Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Dec-25 Maintain BBB+ Stable -
196 Pharmatec Pakistan (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Dec-25 Maintain A- Stable -
197 Sapphire Retail Limited
Press Release | Report | History
Textile & Allied Entity 12-Dec-25 Maintain A Stable -
198 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 12-Dec-25 Maintain AA- Stable -
199 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 12-Dec-25 Maintain AA Stable -
200 Sui Southern Gas Company Limited
Press Release | Report | History
Energy Entity 12-Dec-25 Maintain AA- Stable -
201 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Energy Entity 11-Dec-25 Upgrade A Stable -
202 Daewoo Pakistan Express Bus Service Limited
Press Release | Report | History
Auto and Allied Entity 11-Dec-25 Upgrade A Stable -
203 EcoPack Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Dec-25 Maintain BBB+ Stable -
204 Pak Arab Refinery Limited
Press Release | Report | History
Energy Entity 08-Dec-25 Maintain AAA Stable -
205 Ismail Industries Limited
Press Release | Report | History
Food and Allied Entity 05-Dec-25 Maintain AA- Stable -
206 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 03-Dec-25 Maintain A- Stable -
207 Mughal Energy Limited
Press Release | Report | History
Energy Entity 01-Dec-25 Maintain A Developing -
208 Sayban International
Press Release | Report | History
Agriculture & Allied Entity 28-Nov-25 Maintain BBB- Stable Yes
209 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 28-Nov-25 Maintain A Stable -
210 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 26-Nov-25 Maintain A Stable -
211 East Gate Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 25-Nov-25 Initial A Stable -
212 Be Be Jan Pakistan Limited
Press Release | Report | History
Textile & Allied Entity 21-Nov-25 Maintain BBB Stable -
213 Sapphire Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 21-Nov-25 Maintain A Stable -
214 Inbox Business Technologies Limited
Press Release | Report | History
Engineering and Technology Entity 21-Nov-25 Maintain A- Stable -
215 HUM Network Limited
Press Release | Report | History
Communication Entity 21-Nov-25 Maintain AA- Stable -
216 Azgard Nine Limited
Press Release | Report | History
Textile & Allied Entity 21-Nov-25 Initial BBB Stable -
217 Ghani Global Glass Limited
Press Release | Report | History
Infrastructure Entity 21-Nov-25 Maintain BBB+ Positive -
218 Airlink Communication
Press Release | Report | History
Distributors Entity 21-Nov-25 Maintain A+ Stable -
219 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 21-Nov-25 Maintain A- Stable -
220 Swat Agro Chemicals
Press Release | Report | History
Agriculture & Allied Entity 19-Nov-25 Maintain BBB Stable -
221 Ahmed Fine Weaving Limited
Press Release | Report | History
Textile & Allied Entity 14-Nov-25 Maintain A- Stable -
222 Sitara Petroleum Service Limited
Press Release | Report | History
Energy Entity 13-Nov-25 Upgrade A Stable -
223 Sapphire Fibres Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-25 Maintain A+ Stable -
224 Prism Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 11-Nov-25 Maintain A+ Stable -
225 Glamour Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 10-Nov-25 Maintain BBB- Stable -
226 Pakistan Services Limited
Press Release | Report | History
Consumers Goods & Services Entity 08-Nov-25 Maintain B Negative Yes
227 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 07-Nov-25 Maintain A+ Stable -
228 Liberty Power Tech Limited
Press Release | Report | History
Energy Entity 06-Nov-25 Maintain AA- Stable -
229 Service Retail (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Nov-25 Initial A Stable -
230 Zahidjee Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 31-Oct-25 Maintain A Stable -
231 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Oct-25 Maintain BBB Stable -
232 KSB Pumps Company Limited
Press Release | Report | History
Engineering and Technology Entity 28-Oct-25 Maintain A+ Stable -
233 Pharmagen Limited
Press Release | Report | History
Pharma and Chemicals Entity 24-Oct-25 Maintain A- Stable -
234 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 24-Oct-25 Maintain BBB- Developing -
235 Service Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 23-Oct-25 Initial A+ Stable -
236 Stylers International Limited
Press Release | Report | History
Textile & Allied Entity 23-Oct-25 Maintain A Stable -
237 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 23-Oct-25 Maintain AA- Stable -
238 Thar Energy Limited
Press Release | Report | History
Energy Entity 23-Oct-25 Maintain AA- Stable -
239 AGP Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Oct-25 Maintain A+ Stable -
240 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 23-Oct-25 Maintain A- Stable -
241 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 21-Oct-25 Maintain A- Stable -
242 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 17-Oct-25 Maintain A Stable -
243 Ghandhara Automobiles Limited
Press Release | Report | History
Auto and Allied Entity 17-Oct-25 Maintain A Stable -
244 Ghandhara Industries Limited
Press Release | Report | History
Auto and Allied Entity 17-Oct-25 Maintain A+ Stable -
245 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Infrastructure Entity 15-Oct-25 Maintain A+ Stable -
246 Secure Logistics Trax Group Limited
Press Release | Report | History
Auto and Allied Entity 13-Oct-25 Maintain A+ Stable -
247 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 10-Oct-25 Maintain BBB+ Stable -
248 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 10-Oct-25 Maintain BBB Stable -
249 Habib Construction Services Limited
Press Release | Report | History
Infrastructure Entity 09-Oct-25 Maintain BBB+ Positive -
250 Din Energy Limited
Press Release | Report | History
Energy Entity 08-Oct-25 Maintain A Stable -
251 A.J. Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Sep-25 Maintain A- Stable -
252 Master Wind Energy Limited
Press Release | Report | History
Energy Entity 26-Sep-25 Maintain A+ Stable -
253 Gul Ahmed Wind Power Limited
Press Release | Report | History
Energy Entity 23-Sep-25 Maintain A+ Stable -
254 Prosperity Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Sep-25 Maintain A- Stable -
255 Service Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Sep-25 Maintain AA Stable -
256 Nagina Cotton Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Sep-25 Maintain A- Stable -
257 Ellcot Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Sep-25 Maintain A- Stable -
258 Global Marketing Services
Press Release | Report | History
Pharma and Chemicals Entity 19-Sep-25 Maintain BBB+ Stable -
259 Nishat Power Limited
Press Release | Report | History
Energy Entity 19-Sep-25 Maintain AA- Stable -
260 Berger Paints Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Sep-25 Maintain A- Stable -
261 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Sep-25 Maintain A- Stable -
262 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 12-Sep-25 Maintain AA Stable -
263 My Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 11-Sep-25 Maintain BBB+ Stable -
264 Din Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Sep-25 Maintain A- Stable -
265 Fazal Cloth Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Sep-25 Maintain A Stable -
266 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Sep-25 Maintain A- Stable -
267 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 05-Sep-25 Maintain AA- Stable Yes
268 Bestway Cement Limited
Press Release | Report | History
Infrastructure Entity 03-Sep-25 Maintain AA- Stable -
269 Infralectric (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 29-Aug-25 Initial A- Stable -
270 Golden Packages (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Aug-25 Maintain BBB Stable -
271 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 29-Aug-25 Maintain A+ Stable -
272 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 29-Aug-25 Maintain A+ Stable -
273 Martin Dow Limited
Press Release | Report | History
Pharma and Chemicals Entity 29-Aug-25 Upgrade A+ Stable -
274 Zarea Limited
Press Release | Report | History
Engineering and Technology Entity 28-Aug-25 Initial A- Stable -
275 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Energy Entity 28-Aug-25 Maintain A- Stable -
276 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Aug-25 Maintain BBB- Stable -
277 Multan Electric Power Company Limited
Press Release | Report | History
Energy Entity 22-Aug-25 Upgrade A Positive -
278 Be Energy Limited
Press Release | Report | History
Energy Entity 22-Aug-25 Maintain A+ Stable -
279 Maaksons Engineering Corporation Limited
Press Release | Report | History
Infrastructure Entity 22-Aug-25 Maintain A- Stable -
280 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Aug-25 Maintain A- Stable -
281 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Aug-25 Maintain A+ Stable -
282 Packages Convertors Limited
Press Release | Report | History
Consumers Goods & Services Entity 15-Aug-25 Maintain AA- Stable -
283 Tufail Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Aug-25 Maintain A- Stable Yes
284 National Grid Company of Pakistan Limited (formerly: National Transmission & Despatch Company Limited)
Press Release | Report | History
Energy Entity 08-Aug-25 Maintain AA+ Stable Yes
285 Sapphire Dairies (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Aug-25 Maintain A- Stable -
286 Saigal Packages Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 07-Aug-25 Maintain BBB- Stable -
287 MAL Pakistan Limited
Press Release | Report | History
Energy Entity 05-Aug-25 Initial A- Stable -
288 Mekotex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 01-Aug-25 Maintain A- Stable -
289 Ghandhara Tyre & Rubber Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-25 Maintain A+ Stable Yes
290 Pak Suzuki Motor Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-25 Upgrade AA Stable -
291 Jazaa Global (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-Jul-25 Upgrade BBB Stable -
292 Pakistan Oxygen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Jul-25 Upgrade A+ Stable -
293 Engro Fertilizers Limited
Press Release | Report | History
Agriculture & Allied Entity 25-Jul-25 Maintain AA Stable -
294 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 25-Jul-25 Maintain AA Stable -
295 Fauji Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 25-Jul-25 Maintain AA+ Stable -
296 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 25-Jul-25 Maintain A Stable -
297 Fatima Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Jul-25 Maintain AA+ Stable -
298 Reon Energy Limited
Press Release | Report | History
Energy Entity 18-Jul-25 Initial A Stable -
299 Sindh Engro Coal Mining Company
Press Release | Report | History
Energy Entity 18-Jul-25 Maintain AA Stable -
300 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 18-Jul-25 Maintain BBB+ Stable -
301 Medipak Limited
Press Release | Report | History
Pharma and Chemicals Entity 18-Jul-25 Maintain BBB+ Positive -
302 Lumen Energia (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Jul-25 Initial BBB- Stable -
303 DHA Energy Supply Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Jul-25 Initial A Stable -
304 Avanceon Limited
Press Release | Report | History
Engineering and Technology Entity 14-Jul-25 Initial A Stable -
305 Hoora Pharma (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 11-Jul-25 Initial BBB Stable -
306 Faisalabad Electric Supply Company Limited
Press Release | Report | History
Energy Entity 11-Jul-25 Initial AA- Stable -
307 Diamond Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 11-Jul-25 Maintain A- Stable -
308 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 11-Jul-25 Maintain A- Stable -
309 Steelex (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 11-Jul-25 Maintain BBB Stable -
310 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 11-Jul-25 Maintain A+ Stable -
311 Nimir Resins Limited
Press Release | Report | History
Pharma and Chemicals Entity 11-Jul-25 Maintain A- Stable -
312 Pak Elektron Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Jul-25 Maintain A+ Stable -
313 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Energy Entity 07-Jul-25 Maintain AA- Stable -
314 Engro Polymer & Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 07-Jul-25 Maintain AA Stable -
315 Liberty Mills Limited
Press Release | Report | History
Textile & Allied Entity 04-Jul-25 Maintain A+ 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.