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Outstanding Ratings

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