Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 AWT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 09-May-25 Maintain A+(f) Stable -
2 AWT Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 09-May-25 Maintain A+(f) Stable -
3 AWT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 09-May-25 Maintain A+(f) Stable -
4 Atlas Income Fund
Press Release | Report | History
Capital Markets Stability Rating 07-May-25 Maintain AA-(f) Stable -
5 Atlas Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 07-May-25 Maintain AA-(f) Stable -
6 Atlas Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 07-May-25 Maintain AA(f) Stable -
7 Atlas Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 07-May-25 Maintain AA+(f) Stable -
8 Atlas Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 07-May-25 Maintain AA+(f) Stable -
9 Atlas Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 07-May-25 Maintain AA-(f) Stable -
10 MCB Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain AA+(f) Stable -
11 MCB DCF Income Fund
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain AA-(f) Stable -
12 Pakistan Income Enhancement Fund
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain A+(f) Stable -
13 Pakistan Income Fund
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Upgrade AA(f) Stable -
14 Alhamra Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain AA-(f) Stable -
15 Alhamra Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain AA(f) Stable -
16 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain AA+(f) Stable -
17 Pakistan Cash Management Fund
Press Release | Report | History
Capital Markets Stability Rating 05-May-25 Maintain AA+(f) Stable -
18 Lakson Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 02-May-25 Maintain AA(f) Stable -
19 Lakson Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 02-May-25 Maintain AA+(f) Stable -
20 Lakson Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-May-25 Maintain A+(f) Stable -
21 Lucky Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Apr-25 Initial AA(f) Stable -
22 AL Habib Income Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Apr-25 Maintain AA(f) Stable -
23 AL Habib Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Apr-25 Maintain AA+(f) Stable -
24 AL Habib Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Apr-25 Maintain AA(f) Stable -
25 AL Habib Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Apr-25 Maintain AA(f) Stable -
26 NBP Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Apr-25 Maintain AA-(f) Stable -
27 NBP Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain A+(f) Stable -
28 NBP Government Securities Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AAA(f) Stable -
29 NBP Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain A+(f) Stable -
30 NBP Government Securities Plan - IV
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA(f) Stable -
31 NBP Government Securities Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA-(f) Stable -
32 NBP Income Opportunity Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain A+(f) Stable -
33 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA+(f) Stable -
34 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA(f) Stable -
35 NBP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain A+(f) Stable -
36 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain A+(f) Stable -
37 NBP Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA(f) Stable -
38 NBP Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA-(f) Stable -
39 NBP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain AA(f) Stable -
40 NBP Riba Free Saving Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Apr-25 Maintain A+(f) Stable -
41 Lucky Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Apr-25 Initial AA+(f) Stable -
42 ABL Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Mar-25 Initial AA(f) Stable -
43 First Capital Mutual Fund
Press Release | Report | History
Capital Markets Performance Ranking 24-Mar-25 Same 3-Star -
44 Pak Qatar Islamic Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 21-Mar-25 -
45 Alfalah Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Mar-25 Maintain A+(f) Stable -
46 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Mar-25 Maintain AA+(f) Stable -
47 Alfalah Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Mar-25 Maintain AA(f) Stable -
48 NBP Sarmaya Izafa Fund
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Improved 4-Star -
49 NBP Islamic Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Same 3-Star -
50 NBP Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Same 4-Star -
51 NBP Balanced Fund
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Same 3-Star -
52 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Declined 3-Star -
53 Alfalah Asset Allocation Fund (Formerly: Faysal Asset Allocation Fund)
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Improved 3-Star -
54 Alfalah Stock Fund - II (Formerly: Faysal Stock Fund)
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Same 1-Star -
55 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Capital Markets Performance Ranking 28-Feb-25 Same 3-Star -
56 Alfalah Special Savings Plan-I (Formerly: Faysal Special Savings Plan - I)
Press Release | Report | History
Capital Markets Capital Preservation Rating 28-Feb-25 Same CP2+ Stable -
57 Alhamra Wada Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Jan-25 Upgrade AA+(f) Stable -
58 MCB Pakistan Fixed Return Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Jan-25 Upgrade AAA(f) Stable -
59 Al Ameen Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Jan-25 Maintain AA(f) Stable -
60 JS Rental REIT
Press Release | Report | History
Infrastructure Rental REIT Fund 03-Jan-25 Maintain A+(rr) Positive -
61 NBP Islamic Fixed Term Munafa Plan-III (Under NBP Islamic Mustahkam Fund)
Press Release | Report | History
Capital Markets Stability Rating 26-Dec-24 Maintain AAA(f) Stable -
62 ABL Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-24 Maintain A+(f) Stable -
63 ABL Income Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-24 Maintain A+(f) Stable -
64 ABL Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-24 Maintain AA-(f) Stable -
65 ABL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-24 Maintain AA+(f) Stable -
66 Atlas Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-24 Initial AA(f) Stable -
67 TPL REIT Fund I
Press Release | Report | History
Infrastructure REIT Fund Rating 23-Dec-24 Maintain RFR 3+ Stable -
68 Pak Oman Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Dec-24 Maintain AA(f) Stable -
69 JS Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 13-Dec-24 Initial AAA(f) Stable -
70 Alhamra Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 13-Dec-24 Maintain AA+(f) Stable Yes
71 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Dec-24 Maintain AA(f) Stable -
72 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Dec-24 Maintain A+(f) Stable -
73 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Dec-24 Maintain A(f) Stable -
74 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Dec-24 Maintain AA(f) Stable -
75 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Dec-24 Maintain AA(f) Stable -
76 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Nov-24 Upgrade AA-(f) Stable -
77 Alhamra Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-24 Initial AA(f) Stable -
78 MCB DCF Fixed Return Fund II
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-24 Initial AAA(f) Stable -
79 MCB DCF Fixed Return Fund III
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-24 Initial AAA(f) Stable -
80 AL Habib Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Nov-24 Initial AAA(f) Stable -
81 ABL Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-24 Maintain AA+(f) Stable -
82 ABL Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-24 Maintain AA+(f) Stable -
83 ABL Financial Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-24 Maintain A+(f) Stable -
84 ABL Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-24 Maintain AA+(f) Stable Yes
85 JS Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain AA+(f) Stable -
86 JS Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain AA(f) Stable -
87 JS Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain A+(f) Stable -
88 JS Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain AA(f) Stable -
89 JS Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain AA-(f) Stable -
90 JS Microfinance Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain A(f) Stable -
91 Alfalah Financial Sector Opportunity Fund (Formerly: Faysal Financial Sector Opprotunity Fund)
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain A+(f) Stable -
92 Alfalah Income & Growth Fund (Formerly: Faysal Income & Growth Fund)
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain A(f) Stable -
93 Alfalah Money Market Fund-II (Formerly: Faysal Money Market Fund)
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain AA(f) Stable -
94 Alfalah MTS Fund (Formerly: Faysal MTS Fund)
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-24 Maintain AA-(f) Stable -
95 786 Smart Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Oct-24 Maintain AA-(f) Stable -
96 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Oct-24 Maintain AA(f) Stable -
97 Alfalah GHP Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Oct-24 Maintain AA-(f) Stable -
98 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Oct-24 Maintain A+(f) Stable -
99 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Oct-24 Maintain AA-(f) Stable -
100 Alfalah GHP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Oct-24 Maintain AA+(f) Stable -
101 AWT Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Oct-24 Maintain AA+(f) Stable -
102 Faysal Halal Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Oct-24 Maintain AA(f) Stable -
103 Alfalah Saving Growth Fund (Formerly: Faysal Saving Growth Fund)
Press Release | Report | History
Capital Markets Stability Rating 09-Oct-24 Maintain AA-(f) Stable -
104 UBL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Sep-24 Maintain AA+(f) Stable -
105 Alfalah GHP Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Sep-24 Maintain AA+(f) Stable -
106 Alfalah GHP Income Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Sep-24 Maintain AA-(f) Stable -
107 AKD Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Sep-24 Maintain AA+(f) Stable -
108 AKD Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Sep-24 Maintain AA-(f) Stable -
109 AKD Islamic Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Sep-24 Maintain AA(f) Stable -
110 AKD Aggressive Income Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Sep-24 Maintain A+(f) Stable -
111 MCB DCF Fixed Return Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Sep-24 Initial AAA(f) Stable -
112 NIT Government Bond Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Sep-24 Maintain AA(f) Stable -
113 NIT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
114 NIT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
115 MCB Pakistan Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Sep-24 Maintain AA-(f) Stable -
116 Mahaana Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Sep-24 Maintain AA+(f) Stable -
117 JS Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Sep-24 Maintain AA+(f) Stable -
118 NIT Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Aug-24 Maintain AAA(f) Stable Yes
119 Faysal Islamic Special Income Fund
Press Release | Report | History
Capital Markets Stability Rating 29-Aug-24 Maintain AA(f) Stable -
120 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Aug-24 Maintain A+(f) Stable Yes
121 Askari High Yield Scheme
Press Release | Report | History
Capital Markets Stability Rating 16-Aug-24 Maintain A(f) Stable -
122 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Capital Markets Stability Rating 16-Aug-24 Maintain A+(f) Stable -
123 AKD Islamic Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 15-Aug-24 Declined 2-Star -
124 AKD Opportunity Fund
Press Release | Report | History
Capital Markets Performance Ranking 15-Aug-24 Declined 2-Star -
125 Golden Arrow Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 15-Aug-24 Declined 3-Star -
126 ABL Special Saving Fund
Press Release | Report | History
Capital Markets Capital Preservation Rating 31-May-24 Same CP2+ Stable -
127 UBL Special Savings Plan – IV under UBL Special Savings Fund (USSP-IV)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
128 UBL Special Savings Plan – VI under UBL Special Savings Fund (USSP-VI)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
129 UBL Special Savings Plan – II under UBL Special Savings Fund (USSP-II)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
130 UBL Special Savings Plan – III under UBL Special Savings Fund (USSP-III)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
131 UBL Special Savings Plan – V under UBL Special Savings Fund (USSP-V)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
132 NBP Islamic Active Allocation Equity Fund
Press Release | Report | History
Capital Markets Performance Ranking 10-Aug-23 Withdraw -
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.