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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Trust Securities & Brokerage Limited
Press Release | Report | History
Brokerage & Securities Entity 18-Sep-26 Maintain A- Stable -
2 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 18-Sep-26 Maintain BFR 2 Stable -
3 Dawood Equities Limited
Press Release | Report | History
Brokerage & Securities Entity 18-Sep-26 Maintain A- Stable -
4 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 18-Sep-26 Maintain BMR2+ Stable -
5 Dawood Equities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 18-Sep-26 Maintain BFR 3+ Stable -
6 IGI Finex Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Aug-26 Maintain BFR 2+ Stable -
7 IGI Finex Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Aug-26 Maintain BMR2+ Stable -
8 AL Haq Securities (Pvt.) Limited - BFR
Press Release | Report | History
Brokerage & Securities BFR 17-Jul-26 Maintain BFR 3 Stable -
9 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 17-Jul-26 Maintain BFR 2+ Stable -
10 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 17-Jul-26 Maintain BMR2+ Stable -
11 Arif Latif Securities (Pvt.) Limited - BFR
Press Release | Report | History
Brokerage & Securities BFR 10-Jul-26 Initial BFR 3 Stable -
12 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Jun-26 Maintain BMR2 Stable -
13 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Jun-26 Maintain BFR 2 Stable -
14 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-Jun-26 Maintain BFR 3 Stable -
15 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 20-May-26 Maintain BFR 3+ Stable -
16 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-May-26 Maintain BFR 3+ Stable -
17 Adam Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 11-May-26 Initial A Stable -
18 Adam Securities Limited - BFR
Press Release | Report | History
Brokerage & Securities BFR 11-May-26 Initial BFR 2 Stable -
19 KTRADE Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 08-May-26 Maintain BFR 2 Positive -
20 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 03-Apr-26 Maintain A- Stable -
21 Dr. Arslan Razaque Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Mar-26 Maintain BFR 3 Stable -
22 Aba Ali Habib Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-Mar-26 Maintain BFR 2 Stable -
23 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 12-Mar-26 Maintain A- Stable -
24 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 06-Mar-26 Maintain BFR 3+ Stable -
25 UBL Financial Services (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 03-Mar-26 Initial A- Stable -
26 WE Financial Services Limited
Press Release | Report | History
Brokerage & Securities BFR 12-Feb-26 Initial BFR 3 Positive -
27 AL Habib Capital Markets (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 27-Jan-26 Maintain A Stable -
28 Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited)
Press Release | Report | History
Brokerage & Securities Entity 19-Dec-25 Maintain A- Stable -
29 Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited) | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Dec-25 Maintain BMR2+ Stable -
30 Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited) | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Dec-25 Maintain BFR 2+ Stable -
31 Arif Habib Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-Dec-25 Maintain BFR 1 Stable -
32 Arif Habib Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 12-Dec-25 Maintain BMR1 Stable -
33 JS Global Capital Limited
Press Release | Report | History
Brokerage & Securities Entity 12-Dec-25 Maintain AA Stable -
34 JS Global Capital Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 12-Dec-25 Maintain BFR 1 Stable -
35 JS Global Capital Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 12-Dec-25 Maintain BMR1 Stable -
36 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 28-Nov-25 Maintain A- Stable -
37 KTRADE Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 21-Nov-25 Maintain A- Stable -
38 Spectrum Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Nov-25 Maintain BFR 3+ Stable -
39 Spectrum Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Nov-25 Maintain BMR3+ Stable -
40 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Oct-25 Maintain BMR2 Stable -
41 UBL Financial Services (Pvt.) Limited - BFR
Press Release | Report | History
Brokerage & Securities BFR 01-Oct-25 Initial BFR 2 Stable -
42 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Sep-25 Maintain BFR 2 Stable -
43 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Sep-25 Maintain BMR2 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.