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Consolidated List of PACRA's Publicly Disseminated Ratings (By Name) *(As At* *January 08, 2010***)
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i)- PACRA's Standard Rating Scale ii)- History of PACRA's Entity Ratings ii)- History of PACRA's Instrument Ratings

Sr. No.	Name Of Organization	Type of	Date of Dissemination	Rating Assigned
Sr. No.	-	Rating	(dd/mm/yy)	FS/MF/AMR/DG	Long Term	Short Term
1.	Royal Bank of Scotland Limited ^{(FormerlyABN Amro Bank Limited)}	Entity	02-Nov-09	---	AA	A1+
2.	Royal Bank of Scotland Limited ^{(FormerlyABN Amro Bank Limited)}	TFCs	02-Nov-09	---	AA-	---
3.	Adamjee Insurance Company Limited	IFS	01-Jan-10	AA	---	---
4.	Adamjee Life Assurance Company Limited	IFS	08-Oct-09	A	---	---
5.	Al Meezan Mutual Fund (AMMF)	FR¹	01-Feb-08	Islamic Fund Category	4-Star	5-Star
6.	Al-Abbas Sugar Mills Limited	Entity	26-Nov-09	---	A	A1
7.	Al-Abbas Sugar Mills Limited	TFCs	26-Nov-09	---	A+	---
8.	Allied Bank Limited (ABL)	Entity	19-Jun-09	---	AA	A1+
9.	Allied Bank Limited (ABL)	TFCs	19-Jun-09	---	AA-	---
10.	AlBaraka Islamic Bank (Pak Branches)^{+ve outlook}	Entity	29-Aug-08	---	A-	A1
11.	Alfalah GHP Investment Management Limited	AMR²	20-Jan-09	AM3	---	---
12.	Alfalah GHP Value Fund (AGVF)	FR	12-Feb-08	5-Star	Asset Allocation Fund Category
13.	Alfalah Insurance Company Limited	IFS	06-Nov-09	A-	---	---
14.	Al Ghurair Giga Pakistan (Pvt) Limited	Entity	04-May-09	---	Withdrawn	---
15.	Alliance Investment Managment Limited	AMR	20-Jan-09	Withdrawn	---	---
16.	Amreli Steels (Pvt) Limited	TFCs-sukuk	26-Nov-09	---	A	---
17.	AMZ Plus Income Fund	FR	14-Nov-09	Income Fund Category	2-Star	2-Star
18.	AMZ Plus Stock Market Funds	FR	14-Nov-09	Equity Fund Open End Category	2-Star	2-Star
19.	Arif Habib Investment Management Limited	AMR	20-Jan-09	AM2	---	---
20.	Arif Habib Investment Management Limited	Entity	08-Jul-09	---	A	A1
21.	Arif Habib Bank Limited	Entity	01-Oct-07	---	A-	A2
22.	Askari Bank Limited	Entity	01-Jul-09	---	AA	A1+
23.	Askari Bank Limited	TFCs³-I	01-Jul-09	---	AA-	---
24.	Askari Bank Limited	TFCs-II	01-Jul-09	---	AA-	---
25.	Askari Bank Limited	TFCs-III	15-Oct-09	---	AA-	---
26.	Askari General Insurance Company Limited	IFS	05-May-09	---	A-	---
27.	Askari Investment Management Limited	AMR	20-Jan-09	AM3	---	---
28.	Askari Leasing Limited(RW)	Entity	12-Jan-09	---	A+	A1
29.	Askari Income Fund	FR	07-Feb-08	5-Star	Income Fund Category
30.	Atlas Asset Management Limited -ve outlook	AMR	20-Jan-09	AM3+	---	---
31.	Atlas Bank Limited ^-veRW	Entity	08-Jul-09	---	A-	A2
32.	Atlas Fund of Funds (AFoF)	FR	31-Jan-08	5-Star	Fund of Funds Category
33.	Atlas Income Fund (AIF)	FR	31-Jan-08	Income Fund Category	4-Star	5-Star
34.	Atlas Insurance Company Limited (Formerly Muslim Insurance Company Limited)	IFS⁴	05-Nov-09	A+	---	---
35.	Atlas Stock Market Fund (ASMF)	FR	31-Jan-08	Equity Open-end Fund Category	---	4-Star
36.	Attock Refinery Limited (ARL)	Entity	06-Oct-09	---	AA	A1+
37.	Azgard Nine Limited	Entity	14-Nov-08	---	A+	A1
38.	Azgard Nine Limited	TFCs	14-Nov-08	---	AA-	---
39.	Azgard Nine Limited	ST-TFCs	14-Nov-08	---	A1+*	---
40.	Bank Al Habib Limited	Entity	30-Jun-09	---	AA+	A1+
41.	Bank Al Habib Limited	TFCs-I	30-Jun-09	---	AA	---
42.	Bank Al Habib Limited	TFCs-II	30-Jun-09	---	AA	---
43.	Bank Alfalah Limited	Entity	30-Jun-09	---	AA	A1+
44.	Bank Alfalah Limited	TFCs-I	30-Jun-09	---	AA-	---
45.	Bank Alfalah Limited	TFCs-II	30-Jun-09	---	AA-	---
46.	Bank Alfalah Limited	TFCs-III	30-Jun-09	---	AA-	---
47.	Bank Alfalah Limited	TFCs-IV	30-Jun-09	---	AA-	---
48.	BankIslami Pakistan Limited	Entity	02-Jul-09	---	A	A1
49.	The Bank of Punjab (BoP)	Entity	01-Jul-09	---	AA-	A1+
50.	Bank of Khyber (BoK)	Entity	13-Jul-09	---	BBB	A2
51.	Centrepoint Karachi	Project Grading	10-Jul-09	PG3+	---	---
52.	Dawood Capital Management Limited (DCM)	AMR	20-Jan-09	AM4+	---	---
53.	Dawood Money Market Fund (DMMF)	FR	29-Apr-08	Money Market Fund Category	5-Star	5-Star
54.	Dewan Cement Limited	Entity	25-May-09	---	CC	C
55.	Dewan Cement Limited	TFCs	25-May-09	---	CC	---
56.	East West Insurance Company Limited	IFS	08-Sep-09	A-	---	---
57.	Eden Builders Limited	Developer Grading	28-May-08	PE2	---	---
58.	Eden Builders Limited	S-TFCs	03-Apr-08	A	---	---
59.	Eden Developers (Pvt) Limited	Developer Grading	24-Sep-09	DG3	---	---
60.	Eden Developers (Pvt) Limited	S-TFCs	24-Sep-09	BBB--	---	---
61.	Emaar DHA Islamabad Limited	Developer Grading	14-May-07	PE2+	---	---
62.	Emaar Giga Karachi Limited	Developer Grading	31-Oct-07	PE1	---	---
63.	Emirates Global Islamic Bank Limited	Entity	03-Jul-09	---	A-	A2
64.	Engro Chemical Pakistan Limited	Entity	03-Jul-09	---	AA	A1+
65.	Engro Chemical Pakistan Limited	TFCs-I	03-Jul-09	---	AA	---
67.	Engro Chemical Pakistan Limited	TFCs-II	03-Jul-09	---	AA	---
68.	Engro Chemical Pakistan Limited	TFCs-III	03-Jul-09	---	AA	---
69.	Engro Chemical Pakistan Limited	TFCs-IV	06-Oct-09	---	AA	---
70.	Eye Television Network Limited	Entity	07-Aug-09	---	A	A1
71.	Faysal Bank Limited (FBL)	Entity	08-Jul-09	---	AA	A1+
72.	Financial Receivables Securitization Company Limited (FRSCL)	S-TFCs	07-Jul-09	---	A+	---
73.	First Capital Equities Limited (FCEL)	Entity	06-Mar-09	---	Withdrawn	--
74.	First Capital Investments Limited (FCIL)	AMR	20-Jan-09	AM4+	---	---
75.	First Capital Mutual Fund (FCMF)	FR	13-Jan-08	Equity Closed-end Fund Category	4-Star	4-Star
76.	First Dawood Investment Bank Limited (Formerly Dawood Leasing Co. Ltd.)	Entity	31-Dec-09	---	D	D
77.	First Dawood Investment Bank Limited (Formerly Dawood Leasing Co. Ltd.)	TFCs - 2nd Tranche	31-Dec-09	---	CCC	---
78.	First Dawood Mutual Fund (FDMF)	FR	29-Apr-08	4-Star	Balanced Fund Category
79.	First Fidelity Leasing Modaraba	Entity	29-Sep-09	---	A-	A2
80.	First Fidelity Leasing Modaraba	TFCs	09-May-08	---	A-	-
81.	First Habib Modaraba (FHM)	Entity	04-Jul-09	---	AA+	A1+
82.	First Punjab Modaraba	Entity	23-Nov-09	---	A-	A2
83.	First Women Bank Limited	Entity	09-Jul-09	---	BBB+	A2
84.	Habib Asset Management Limited	AMR	20-Jan-09	AM3-	---	---
85.	Habib Insurance Company Limited (HIC)	IFS	08-Apr-09	A+	---	---
86.	Habib Metropolitan Bank Limited	Entity	01-Jul-09	---	AA+	A1+
87.	Hazara Phosphate Fertilizers (Pvt.) Limited	Entity	13-Nov-09	---	A+	A1
88.	House Building Finance Corporation (HBFC)	Entity	21-Oct-09	---	A	A1
89.	House Building Finance Corporation (HBFC)	TFCs	21-Oct-09	A+	---	---
90.	IGI Investment Bank Limited)^{-ve outlook} (Formerly First Intl. Investment Bank Ltd.)	Entity	23-Dec-08	---	A	A1
91.	IGI Investment Bank Limited)^{-ve outlook} (Formerly First Intl. Investment Bank Ltd.)	TFCs	23-Feb-08	---	A+	---
92.	IGI Funds Limited(IGI FL's)	AMR	20-Jan-09	AM3	---	---
93.	IGI Insurance Limited (IGI)	IFS	26-Nov-09	AA	---	---
94.	Jahangir Siddiqui & Company Limited	Entity	02-Jul-09	---	AA+	A1+
95.	Jahangir Siddiqui & Company Limited	TFCs-I	02-Jul-09	---	AA+	---
96.	Jahangir Siddiqui & Company Limited	TFCs-II	02-Jul-09	---	AA+	---
97.	Jahangir Siddiqui & Company Limited	TFCs-III	02-Jul-09	---	AA+	---
98.	Jahangir Siddiqui & Company Limited	TFCs-IV	02-Jul-09	---	AA+	---
99.	JS Aggressive Asset Allocation Fund (JS AAAF)	FR	13-May-08	4-Star	Asset Allocation Fund Category ---
100.	JS Fund of Funds (JS FoF)	FR	13-May-08	4-Star	---	---
101.	JS Growth Fund (JS GF)	FR	13-May-08	3-Star	---	---
102.	JS-Income Fund (JSIF)	FR	13-May-08	5-Star	5-Star	---
103.	JS Investments Limited(Formerly JS ABAMCO Limited)	AMR	20-Jan-09	AM2+	---	---
104.	JS Investments Limited(Formerly JS ABAMCO Limited)	Entity	07-Jul-09	---	A+	A1+
105.	JS Bank Limite^{ve outlook}	Entity	01-Jul-09	---	A	A1
106.	JS Global Capital Limited (Formerly JS Capital Markets Limited)	Entity	12-Oct-09	---	AA	A1+
107.	JS-Value Fund Limited (JSVF)	FR	13-May-08	Balance Fund Category	5-Star	5-Star
108.	KASB Bank Limited -^{ve outlook}	Entity	01-Jul-09	---	A	A1
109.	KASB Bank Limited	TFC	14-Sep-09	---	A-	---
110.	KASB Funds Limited	AMR	20-Jan-09	Withdrawn	---	---
111.	KASB Liquid Funds	FR	12-Jan-08	Money Market Fund	5-Star	---
112.	KASB Securities Limited^{+ve outlook}	Entity	22-Jan-09	---	A+	A1
113.	KASB Securities Limited^{+ve outlook}	TFCs	08-Oct-08	---	AA-	---
114.	Kohat Cement Company Limited (KCCL) Rating Withdrawn	Entity	12-Jan-09	---	Withdrawn	---
115.	Liberty Power Tech Limited	Sukuk	06-Jan-09	---	AA-	---
116.	Maple Leaf Cement Factory Limited (MLCFL)	Entity	18-Dec-09	---	SD	---
117.	Maple Leaf Cement Factory Limited (MLCFL)	TFCs	18-Dec-09	---	D	---
118.	MCB Asset Management Company Limited ^{+ve outlook}	AMR	20-Jan-09	AM3+	---	---
119.	MCB Bank Limited (Formerly Muslim Commercial Bank Limited)	Entity	01-Jul-09	---	AA+	A1+
120.	Meezan Balanced Fund (MBF)	FR	01-Jan-08	5-Star	Islamic Fund Category
121.	Meezan Islamic Fund (MIF)	FR	01-Jan-08	5-Star	Islamic Fund Category
122.	Metrobank-Pakistan Sovereign Fund (MSF)	FR	14-Feb-08	Income Fund Category	3-Star	4-Star
123.	Modaraba Al-Mali	Entity	30-Sep-09	---	A-	A2
124.	Mybank Limited	Entity	08-Jul-09	---	A-	A2
125.	National Fullerton Asset Management Limited	AMR	04-Jul-09	AM2-	---	---
126.	National Investment (Unit) Trust - NIT	FR	29-Feb-08	5-Star	5-Star
127.	National Investment Trust Limited	AMR	07-Dec-09	AM2	---	---
128.	National Power Construction Corporation (Pvt) Limited	Entity	17-July-09	---	A	A1
129.	National Refinery Limited (NRL)	Entity	18-Aug-08	---	AAA	A1+
130.	Network Leasing Corporation Limited	Entity	29-Jan-09	---	Withdrawn	---
131.	Network Microfinance Bank Limited (NMBL)	Entity	14-May-09	---	BBB	A3
132.	New Jubilee Insurance Company Limited (NJI)	IFS	31-Dec-08	AA	---	---
133.	NIB Bank Limited	Entity	01-Jul-09	---	AA-	A1
134.	NIB Bank Limited	TFCs	01-Jul-09	A	---	---
135.	Nishat Chunian Power Limited	Entity	31-Jul-09	---	AA	A1+
136.	Nishat Mills Limited	Entity	07-Apr-09	---	A+	A1
137.	Nishat Power Limited	Entity	24-Jul-09	---	AA	A1+
138.	Optimus Limited (OL)	Entity	22-Oct-08	---	BBB+	A2
139.	Optimus Limited (OL)	TFCs	22-Oct-08	---	A	---
140.	Optimus Limited (OL)	Sukuk Ist tranch	22-Oct-08	---	A	---
141.	Optimus Limited (OL)	Sukuk 2nd tranch	22-Oct-08	---	A	---
142.	ORIX Investment Bank Pakistan Limited	Entity	08-Oct-09	---	Withdrawn	---
143.	ORIX Leasing Pakistan Limited	Entity	11-Jan-10	---	AA	A1+
144.	ORIX Leasing Pakistan Limited	TFCs	11-Jan-10	---	AA+	---
145.	PACE Pakistan Limited (PACE)	Entity	27-Aug-09	---	A	A1
146.	PACE Pakistan Limited (PACE)	TFCs	27-Aug-09	---	A+	---
147.	PACE Pakistan Limited (PACE)	TFCs	27-Aug-09	---	A+	---
148.	Packages Limited	Entity	04-Jul-09	---	AA	A1+
149.	Pak-Americans Fertilizer Limited (PAFL)	Entity	14-Nov-08	---	A+	A1
151.	Pak-Arab Refinery Limited (PARCO)	Entity	21-Oct-09	---	AAA	A1+
152.	Pak Brunei Investment Company Limited (PBIC)	Entity	30-Jun-09	---	AA	A1+
153.	Pak China Investment Company Limited (PCICL)	Entity	30-Jun-09	---	AA-	A1+
154.	Pak Elektron Limited (PEL)	Entity	16-Jul-09	---	A	A1
155.	Pak Elektron Limited (PEL)	TFCs-I	16-Jul-09	---	A	---
156.	Pak Elektron Limited (PEL)	Sukuk-I	16-Jul-09	---	A+	---
157.	Pak Elektron Limited (PEL)	Sukuk-II	16-Jul-09	---	A+	---
158.	Pakistan Capital Market Fund (PCM)	FR	14-Feb-08	5-Star	Asset Allocation Fund Category
159.	Pakistan Income Fund (PIF)	FR	14-Feb-08	Income Fund Category	5-Star	5-Star-
160.	Pakistan International Element Islamic Fund (PIEIF)	FR	14-Feb-08	3-Star	Income Fund Category
161.	Pak Iran Joint Investment Company Limited (PIJICL)	Entity	16-Jul-09	---	AA-	A1+
162.	Pak Kuwait Investment Company (Pvt) Limited (PKIC)	Entity	01-Jul-09	---	AA+	A1+
163.	Pak-Libya Holding Company (Pvt) Limited (PLHC)	Entity	09-Jul-09	---	AA-	A1+
164.	Pakistan Mobile Communications Limited (Mobilink)	Entity	05-May-09	---	AA-	A1
165.	Pakistan Mobile Communications Limited (Mobilink)	TFCs-I	05-May-09	---	AA-	---
166.	Pakistan Mobile Communications Limited (Mobilink)	TFCs-II	05-May-09	---	AA-	---
167.	Pakistan Premier Fund Limited (PPF)	FR	14-Feb-08	Equity Fund (Open-End) ---	5-Star	4-Star
168.	Pakistan State Oil Company Limited (PSO)	Entity	25-Feb-09	---	AA+	A1+
169.	Pakistan Stock Market Fund (PSMF)	FR	06-Feb-08	Equity Fund (Open-End)	5-Star	3-Star-
170.	Pakistan Strategic Allocation Fund (PSAF)	FR	14-Feb-08	4-Star	Equity Fund (Closed-End) Category
171.	Poineer Cement Limited	Entity	16-Dec-09	Withdrawn	---	---
172.	Prime Electronics Securitization Company Limited	TFCs	18-July-07	---	AA-	---
173.	Prosperity Weaving Mills (Pvt)Limited	Entity	10-Nov-09	---	BBB+	A2
174.	Royal Bank of Scotland Limited	TFCs	03-Apr-09	---	Withdrawn	---
175.	Reem Rice Mills (Pvt)Limited	Entity	25-Oct-07	---	BBB+	A2
176.	Reliance Insurance Company Limited (RIC)	IFS	01-Jan-08	Withdrawn	---	---
177.	Shaheen Insurance Company Limited (SIC)^{+ve outlook}	IFS	02-Dec-09	A-	---	---
178.	Shakarganj Mills Limited	Entity	17-Nov-09	---	D	D
179.	Shakarganj Mills Limited	TFCs	17-Nov-09	D	---	---
180.	Soneri Bank Limited	Entity	30-Jun-09	---	AA-	A1+
181.	Soneri Bank Limited	TFCs	30-Jun-09	---	A+	---
182.	Standard Chartered Bank (Pakistan) Limited	Entity	30-Jun-09	---	AAA	A1+
183.	Standard Chartered Bank (Pakistan) Limited (Originally Issued By Union Bank Limited)	TFCs-I	30-Jun-09	---	AAA	---
184.	Standard Chartered Bank (Pakistan) Limited (Originally Issued By Union Bank Limited)	TFCs-II	30-Jun-09	---	AAA	---
185.	Standard Chartered Bank (Pakistan) Limited (Originally Issued By Union Bank Limited)	TFCs-III	30-Jun-09	---	AAA	---
186.	Standard Chartered Leasing Ltd (Formerly Union Leasing Limited)	Entity	08-Jan-10	---	AA-	A1+
187.	Standard Chartered Modaraba	Entity	17-Sep-09	---	AA+	A1+
188.	State Life Insurance Corporation of Pakistan	IFS	29-Sep-09	AAA	---	---
189.	Sui Northern Gas Pipelines Limited (SNGPL)	Entity	14-Sep-09	---	AA	A1+
190.	Sui Southern Gas Company Limited (SSGC)	Entity	14-Jul-09	---	AA-	A1+
191.	Sui Southern Gas Company Limited (SSGC)	TFCs	14-Jul-09	---	AA	--
192.	Trakker (Pvt) Limited	Entity	24-Dec-08	---	A-	A2
193.	Trakker (Pvt) Limited	TFCs	24-Dec-08	---	A	---
194.	Trakker Direct Insurance Company Limited	IFS	23-Jun-09	A-	----	---
195.	Tricon Developers	DG	20-Jul-09	DG3	---	---
196.	Tri-Pack Films Limited)^{-ve outlook}	Entity	28-Sep-09	---	A+	A1
197.	TRG Pakistan Limited	Entity	22-Jul-09	Withdrawn	---	---
198.	Trust Investment Bank Limited)^{-ve outlook}	Entity	23-Dec-08	---	A-	A2
199.	Trust Investment Bank Limited)^{-ve outlook}	TFCs - 2nd Tranche	23-Dec-08	---	A	---
200.	Trust Investment Bank Limited)^{-ve outlook}	TFCs - 3rd Tranche	23-Dec-08	---	A	---
201.	Trust Investment Bank Limited)^{-ve outlook}	TFCs III	23-Dec-08	---	A	---
202.	Unit Trust of Pakistan (UTP)	FR	13-May-08	5-Star	Balanced Fund Category
203.	United Insurance Company of Pakistan Limited	IFS	04-Aug-08	A-	---	---
204.	UTP A30 Plus Fund (UTP-A30+)	FR	13-May-08	4-Star	Equity Fund Category
205.	UTP Large Cap Fund (UTP-LCF)	FR	13-May-08	4-Star	5-Star	Equity Fund Category
206.	UTP-Islamic Fund (UTP-ISF)	FR	13-May-08	4-Star	Islamic Fund Category
207.	WorldCall Telecom Limited (WTL)	Entity	29-May-09	---	A-	A2
208.	WorldCall Telecom Limited (WTL)	TFCs-I	08-Jan-08	---	A	---
209.	WorldCall Telecom Limited (WTL)	TFCs-II	28-Mar-08	---	A	---

^rw On Rating Watch ^rw

¹Fund Star Ranking (Based on Performance Review Upto the Period Ended June 30, 2007)

²Asset Manager Rating

³Term Finance Certificates

⁴Insurer Financial Strength Rating

⁵Securitised Term Finance Certificates

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