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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 AKD Aggressive Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain A+(f) Stable -
2 AKD Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain AA+(f) Stable -
3 AKD Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain AA(f) Stable -
4 AKD Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain AA-(f) Stable -
5 Faysal Islamic Financial Growth Fund-II
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Initial AA-(f) Stable -
6 NBP Financial Sector Income Plus Fund
Press Release | Report | History
Capital Markets Stability Rating 29-Oct-26 Maintain A+(f) Stable -
7 NBP Islamic Money Market Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Oct-26 Initial AA+(f) Stable -
8 NBP Savings Plus Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Oct-26 Initial A+(f) Stable -
9 ABL Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
10 ABL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Upgrade AAA(f) Stable -
11 ABL Financial Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
12 ABL Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA-(f) Stable -
13 ABL Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
14 ABL Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA+(f) Stable Yes
15 ABL Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA(f) Stable -
16 ABL Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA+(f) Stable -
17 AL Habib Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Oct-26 Initial AAA(f) Stable -
18 Lucky Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Oct-26 Maintain AA(f) Stable -
19 MCB Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Oct-26 Maintain AA+(f) Stable -
20 NBP Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
21 NBP Riba Free Saving Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
22 NBP Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
23 NBP Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
24 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
25 NBP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
26 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
27 NBP Income Opportunity Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
28 NBP Government Securities Plan - IV
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
29 NBP Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
30 NBP Government Securities Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AAA(f) Stable -
31 NBP Government Securities Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
32 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA+(f) Stable -
33 NBP Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
34 Alhamra Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 01-Oct-26 Initial AA(f) Stable -
35 Alfalah GHP Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA+(f) Stable -
36 Alfalah GHP Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA-(f) Stable -
37 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain A+(f) Stable -
38 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA-(f) Stable -
39 Alfalah GHP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA+(f) Stable -
40 Alfalah Islamic Amdani Fund (Formerly: Alfalah Islamic Rozana Amdani Fund)
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA(f) Stable -
41 786 Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA(f) Stable -
42 Alfalah GHP Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Sep-26 Maintain AA(f) Stable -
43 AL Habib Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
44 AL Habib Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA+(f) Stable -
45 AL Habib Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
46 AL Habib Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
47 Pakistan Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Stable -
48 Pakistan Income Enhancement Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable -
49 Pakistan Cash Management Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable -
50 MCB Pakistan Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
51 MCB DCF Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
52 MCB Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable -
53 Alhamra Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Stable -
54 Alhamra Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
55 Askari High Yield Scheme
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A(f) Stable -
56 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable Yes
57 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable -
58 Mahaana Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable Yes
59 Pak Oman Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Negative Yes
60 Alhamra Islamic Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 08-Sep-26 Initial AA-(f) Stable -
61 MCB Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 08-Sep-26 Initial AA+(f) Stable -
62 UBL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Sep-26 Maintain AAA(f) Stable -
63 JS Islamic Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 25-Aug-26 Initial AA+(f) Stable -
64 NBP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 25-Aug-26 Upgrade AA+(f) Stable -
65 JS Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Aug-26 Maintain AAA(f) Stable -
66 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Capital Markets Stability Rating 05-Aug-26 Maintain AA+(f) Stable Yes
67 NBP Money Market Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Jul-26 Initial AA(f) Stable -
68 ABL Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Jul-26 Maintain AA(f) Stable -
69 NBP Fixed Term Munafa Plan - XIVB under NBP Mustahkam Fund-II
Press Release | Report | History
Capital Markets Stability Rating 21-Jul-26 Initial AA+(f) Stable -
70 JS Fixed Term Munafa Fund II
Press Release | Report | History
Capital Markets Stability Rating 17-Jul-26 Maintain AAA(f) Stable -
71 Faysal Halal Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Jul-26 Maintain AA(f) Stable -
72 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA-(f) Stable -
73 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA(f) Stable -
74 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA(f) Stable -
75 NIT Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AAA(f) Stable -
76 NIT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA-(f) Stable -
77 NIT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA-(f) Stable -
78 NIT Government Bond Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA(f) Stable -
79 786 Smart Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Jul-26 Maintain AA-(f) Stable -
80 Lakson Income Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain A+(f) Stable -
81 Lakson Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain AA(f) Stable -
82 Lakson Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain AA+(f) Stable -
83 AWT Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Jun-26 Maintain AA+(f) Stable -
84 AWT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Jun-26 Maintain A+(f) Stable -
85 Alfalah Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain A+(f) Stable -
86 Alfalah Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain AA(f) Stable -
87 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain AA+(f) Stable -
88 Pak Oman Micro Finance Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Jun-26 Maintain A-(f) Stable -
89 Alhamra Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
90 Lucky Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
91 Lucky Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA+(f) Stable -
92 MCB Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
93 Alhamra Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
94 Atlas Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain AA(f) Stable -
95 AL Habib Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 25-May-26 Maintain AAA(f) Stable -
96 Faysal Islamic Special Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-May-26 Maintain AA(f) Stable -
97 Al Ameen Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-May-26 Maintain AA(f) Stable -
98 Atlas Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
99 Atlas Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
100 Atlas Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA(f) Stable -
101 Atlas Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA+(f) Stable -
102 Atlas Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA+(f) Stable -
103 Atlas Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
104 JS Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA+(f) Stable -
105 JS Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA+(f) Stable -
106 JS Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA(f) Stable -
107 JS Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA(f) Stable -
108 JS Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain A+(f) Stable -
109 JS Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA-(f) Stable -
110 JS Microfinance Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain A(f) Stable -
111 BMA Islamic Noor Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Apr-26 Initial AA(f) Stable -
112 BMA Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Apr-26 Initial AA+(f) 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.