PACRA Milestones
 
Date
   Event
15 June 1994
   Signing of IFC/IBCA*/LSE Joint Venture Agreement
18 August 1994
   Incorporation of PACRA
09 October 1994
  Establishment of Camp Office
08 November 1994
   Notification of First Rating
20 November 1994
  First Board Meeting
15 January 1995
  IBCA*/PACRA Technical Services Agreement
04 February 1995
   Inauguration of PACRA Office
28-31 May 1995
  First Training Workshop
October 1995
   PACRA's recognition by the Financial Times,London, as a Local Rating Agency
19-29 November 1995
  Second Training Workshop
26 December 1995
   Notification of 10th Rating
14 February 1996
  Registration of PACRA with CLA
14 March 1996
   PACRA's first international consultancy
01 August 1996
  Operation of Second Floor Premises
10 April 1997
  Notification of 50th Rating
25 September 1998
   Notification of PACRA's 100th rating
31 August 2001
   Notification of PACRA's 150th rating
30 March 2002
   Establishment of PACRA's branch office in Karachi
06 June 2002
   PACRA joined ACRAA as founder member
22 January 2003
   Employee Buy-Out
20 April 2004
  PACRA becomes a public limited company
29 April 2004
  PACRA enters into agreement with NESPAK for Real Estate Developers & Projects Grading System
30 June 2004
  Notification of 200th Rating
 
*Currently operating as Fitch Ratings Limited which is the 3 rd largest rating company in the world after acquiring Fitch Inc USA, Duff & Phelps Credit Rating Company USA, ItalRating DCR Italy and Thomson Bankwatch Ratings Unit.
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