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Consolidated List of PACRA's Publicly Disseminated Entity Ratings (Sector-Wise) *(As At February 02, 2012)*
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i)- PACRA's Standard Rating Scale ii)- History of PACRA's Entity Ratings

	Sr. No.	Name Of Organization	Type of	Date of Notification	Rating Assigned
	Sr. No.		Rating	(dd/mm/yy)	FS/AMR/DG	Long Term	Short Termerm	Outlook/Rating Watch
(I) FINANCIAL SECTOR
BANKING COMMERCIAL-18
1.	1.	Al Baraka Bank (Pakistan)Limited	Entity	30-Jun-11	---	A	A2	Positive Outlook
2.	2.	Allied Bank Limited	Entity	04-Jul-11	---	AA	A1+	---
3.	3.	Askari Bank Limited	Entity	21-Jun-11	---	AA	A1+	---
4.	4.	Atlas Bank Limited	Entity	31-Dec-10	---	---	---	Withdrawn
5.	5.	Bank Al Habib Limited	Entity	14-Jun-11	---	AA+	A1+	---
6.	6.	Bank Alfalah Limited	Entity	20-Jun-11	---	AA	A1+	---
7.	7.	BankIslami Pakistan Limited	Entity	30-Jun-11	---	A	A1	---
8.	8.	The Bank of Punjab	Entity	07-Oct-11	---	AA-	A1+	---
9.	9.	TheBank of Khyber	Entity	30-Jun-11	---	A-	A2	---
10.	10.	Emirates Global Islamic Bank Limited	Entity	26-Oct-10	---	A-	A2	Reaffirms Rating Watch
11.	11.	Faysal Bank Limited	Entity	30-Jun-11	---	AA	A1+	---
12.	12.	First Women Bank Limited	Entity	30-Jun-11	---	BBB+	A2	Positive Outlook
13.	13.	Habib Metropolitan Bank Limited	Entity	30-Jun-11	---	AA+	A1+	---
14.	14.	JS Bank Limited	Entity	13-Jul-11	---	A	A1	---
15.	15.	KASB Bank Limited	Entity	26-Oct-11	---	BBB	A3	---
16.	16.	MCB Bank Limited	Entity	30-Jun-11	---	AA+	A1+	---
17.	17.	Mybank Limited	Entity	30-Jun-11	---	---	---	Withdrawn
18.	18.	NIB Bank Limited	Entity	30-Jun-11	---	AA-	A1+	---
19.	19.	Royal Bank of Scotland Limited formerly ABN AMRO Bank Limited)	Entity	31-Dec-10	---	--	--	Withdrawn
20.	20.	Soneri Bank Limited	Entity	27-Jun-11	---	AA-	A1+	---
21.	21.	Standard Chartered Bank (Pakistan) Limited	Entity	30-Jun-11	---	AAA	A1+	---
MICROFINANCE INSTUTIONS -2
22.	1.	Network Microfinance Bank Limited	Entity	04-May-11	---	BBB	A3	Rating Watch
23.	2.	Tameer Microfinance Bank Limited	Entity	02-May-11	---	A	A1	---
BANKING INVESTMENT -4
24.	1.	Escorts Investment Bank Limited	Entity	22-Sep-11	---	BBB-	A3	Negative Outlook
25.	2.	First Dawood Investment Bank Limited	Entity	31-Oct-11	---	---	---	Withdrawn
26.	3.	IGI Investment Bank Limited.)	Entity	25-Jan-11	---	A	A1	---
27.	4.	ORIX Investment Bank Pakistan Limited	Entity	08-Oct-09	---	---	---	Withdrawn
28.	5.	Trust Investment Bank Limite	Entity	23-Jan-12	---	BBB-	A3	Negative Outlook
ASSET MANAGEMENT COMPANIES-12
29.	1.	Alfalah GHP Investment Management Limited	AMR¹	22-Feb-11	AM3	---	---	Positive Outlook
30.	2.	Alliance Investment Managment Limited	AMR	05-Aug-09	---	---	---	Withdrawn
31.	3.	Arif Habib Investment Management Limited	AMR	09-Feb-11	AM2	---	---	---
32.	4.	Arif Habib Investment Management Limited	Entity	14-Apr-11	---	A	A1	---
33.	5.	Askari Investment Management Limited	AMR	05-Jul-11	AM3+	---	---	Upgrades
34.	6.	Atlas Asset Management Limited	AMR	21Apr-11	AM2-	---	---	Upgrades
35.	7.	Dawood Capital Management Limited	AMR	07-Sep-11	AM3-	---	---	Upgrades
36.	8.	First Capital Investments Limited	AMR	27-Jun-11	AM4+	---	---	---
37.	9.	Habib Asset Management Limited	AMR	23-Apr-11	AM3-	---	---	Positive Outlook
38.	10.	IGI Fund Limited	AMR	28-Jun-11	---	---	---	Withdrawn
39.	11.	JS Investments Limited (Formerly JS ABAMCO Ltd.)	AMR	16-Mar-10	---	---	---	Withdrawn
40.	12.	JS Investments Limited (Formerly JS ABAMCO Ltd.)	Entity	25-May-11	---	A+	A1	---
41.	13.	Lakson Investment Management Company Limited	AMR	21-Apr-11	AM3+	---	---	Upgrades
42.	14.	MCB Asset Management Company Limited	AMR	28-Nov-11	---	---	---	Withdrawn
43.	15.	National Fullerton Asset Management Limited	AMR	21-Jun-11	AM2-	---	---	---
44.	16.	National Investment Trust Limited	AMR	22-Feb-11	---	---	---	Withdrawn
DFIs/INVESTMENT COMPANIES /BROKERAGE HOUSE -09
45.	1.	House Building Finance Corporation	Entity	21-May-10	---	---	---	Withdrawn
46.	2.	IGI Finex Securities Limited	Entity	20-Oct-11	---	---	---	Withdrawn
47.	3.	Jahangir Siddiqui & Company Limited	Entity	05-Jul-11	---	AA	A1+	---
48.	4.	JS Global Capital Limited	Entity	21-Nov-11	---	AA	A1+	---
49.	5.	KASB Securities Limited	Entity	17-Jan-12	---	A-	A2	Negative Outlook
50.	6.	Pak Brunei Investment Company (Pvt)Ltd	Entity	20-Jun-11	---	AA	A1+	---
51.	7.	Pak China Investment Company (Pvt) Ltd	Entity	20-Sep-11	---	AA-	A1+	---
52.	8.	Pak Kuwait Investment Company (Pvt) Ltd	Entity	06-Jul-11	---	AAA	A1+	Upgrades
53.	9.	PAIR Investment Company Limited(Formerly Pak Iran Joint Investment Company Ltd.)	Entity	06-Jul-11	---	AA-	A1+	---
54.	10.	Pak-Libya Holding Company (Pvt) Limited	Entity	05-Jul-11	---	AA-	A1+	---
INSURANCE COMPANIES -15
55.	1.	Adamjee Insurance Company Limited	IFS	02-Dec-11	AA	---	---	---
56.	2.	Adamjee Life Assurance Company Limited	IFS	11-Nov-11	A	---	---	---
57.	3.	Asia Insurance Company Limited	IFS	10-Feb-11	BBB	---	---	---
58.	4.	Alfalah Insurance Company Limited	IFS	29-Aug-11	A	---	---	---
59.	5.	Askari General Insurance Company Limited	IFS	03-Jan-12	A	---	---	---
60.	6.	Atlas Insurance Company Limited (Formerly Muslim Insurance Co. Ltd.)	IFS	25-Jan-12	A+	---	---	Positive Outlook
61.	7.	Dawood Family Takaful Limited	IFS	30-Nov-11	A-	---	---	---
62.	8.	East West Insurance Company Limited	IFS	12-Apr-11	A-	---	---	---
64.	9.	Habib Insurance Company Limited	IFS	07Jul-11	A+	---	---	Positive Outlook
65.	10.	IGI Insurance Limited	IFS	28-Nov-11	AA	---	---	---
66.	11.	Jubilee General Insurance Company Limited	IFS	26-Dec-11	AA	---	---	Positive Outlook
67.	12.	Shaheen Insurance Company Limited	IFS	05-Jan-12	A-	---	---	Negative Outlook
68.	13.	State Life Insurance Corporation of Pakistan	IFS	09-Jan-12	AAA	---	---	---
69.	14.	TPL Direct Insurance Company Limited	IFS	30-Nov-11	A-	----	---	---
70.	15.	United Insurance Company of Pakistan Limited	IFS	06-Jan-12	A	---	---	---
LEASING COMPANIES -3
71.	1.	Askari Leasing Limited	Entity	01-Mar-10	---	---	---	Withdrawn
72.	2.	ORIX Leasing Pakistan Limited	Entity	30-Dec-11	---	AA	A1+	---
73.	3.	Standard Chartered Leasing Limited	Entity	02-Jan-12	---	AA	A1+	Upgrades
MODARABAS -5
74.	1.	First Fidelity Leasing Modaraba	Entity	18-Oct-11	---	BBB+	A2	---
75.	2.	First Habib Modaraba	Entity	13-Dec-11	---	AA+	A1+	---
76.	3.	First Punjab Modaraba	Entity	13-Dec-11	---	A-	A2	---
77.	4.	Modaraba Al-Mali	Entity	07-Jan-11	---	A-	A2	---
78.	5.	Standard Chartered Modaraba (Formerly First Grindlays Modaraba)	Entity	30-Nov-11	---	AA+	A1+	---
REAL ESTATE DEVELOPERS AND PROJECTS -2
79.	1.	Centrepoint Karachi	Project Grading	08-Jul-11	PG3+	---	---	---
80.	2.	Eden Builders Limited	DG	04-May-11	---	---	---	Withdrawn
81.	3.	Eden Developers (Pvt) Limited	DG	04-May-11	---	---	---	Withdrawn
82.	4.	Emaar DHA Islamabad Limited	DG	13-May-10	---	---	---	Withdrawn
83.	5.	Emaar Giga Karachi Limited	DG	13-May-10	---	---	---	Withdrawn
84.	6.	PACE Pakistan Limited	Entity	16-Mar-11	---	SD	---	---
85.	7.	Tricon Developers	DG	28-Jun-11	---	---	---	Withdrawn
INDUSTRIAL CORPORATE -47
86.	1.	Ahmed Fine Textile Mills Limited	Entity	31-Jan-12	---	A-	A2	---
87.	2.	Lal Pir (Private) Limited	Entity	13-Jan-12	---	AA	A1+	---
88.	3.	Pak Gen (Private) Limited	Entity	13-Jan-12	---	AA	A1+	---
89.	4.	Agritech Limited (formerlyPak-American Fertilizers Limited	Entity	31-Mar-11	---	D	---	Rating Watch
90.	5.	Al-Abbas Sugar Mills Limited	Entity	20-Dec-11	---	A	A1	---
91.	6.	Atlas Power Limited	Entity	08-Apr-11	---	AA	A1+	Upgrades
92.	7.	Attock Refinery Limited	Entity	07-Sep-11	---	AA	A1+	---
93.	8.	Azgard Nine Limited	Entity	31-Mar-11	---	D	---	Rating Watch
94.	9.	Descon Oxychem Limited	Entity	08-Sep-11	---	A	A2	---
95.	10.	Dewan Cement Limited	Entity	11-Oct-11	---	---	---	Withdrawn
96.	11.	Engro Corporation Limited Formerly Chemical Pakistan Limited	Entity	18-Apr-11	---	AA	A1+	---
97.	12.	Engro Fertilizers Limited Formerly Chemical Pakistan Limited	Entity	14-Apr-11	---	AA-	A1	---
98.	13.	Fatima Fertilizers (Pvt). Limited	Entity	15-Dec-11	---	A+	A1	Upgrades
99.	14.	Fazal Cloth Mills Limited	Entity	26-Aug-11	---	A-	A2	---
100.	15.	FFC Energy Limited	Entity	15-Sep-11	---	A	A1	---
101.	16.	Foundation Power Company Limited	Entity	30-Jun-11	---	A+	A1	---
102.	17.	Halmore Power Generation Company (Pvt). Limited	Entity	14-Feb-11	---	A+	A1	---
103.	18.	Hazara Phosphate Fertilizers (Pvt). Limited	Entity	17-Mar-11	---	---	---	Withdrawn
104.	19.	Hub Power Company Limited	Entity	22-Apr-11	---	AA+	A1+	---
105.	20.	Hum Network Limited Formerly Hum Television Network Limited	Entity	16-Jul-11	---	A	A1	---
106.	21.	Hussain Mills Limited	Entity	30-Jan-12	---	A-	A2	---
107.	22.	Ibrahim Fibers Limited	Entity	05-Jul-11	---	AA-	A1+	Upgrades
108.	23.	Kohinoor Energy Limited	Entity	06-Jan-12	---	AA	A1+	---
109.	24.	Liberty Power Tech Limited	Entity	15-Apr-11	---	AA	A1+	---
110.	25.	Maple Leaf Cement Cement Factory Limited	Entity	19-Sepl-11	---	D	D	---
111.	26.	National Power Construction Corporation (pvt.) Limited	Entity	04-Jul-11	---	A	A1	---
112.	27.	National Refinery Limited	Entity	09-Sep-11	---	AAA	A1+	---
113.	28.	Nishat Chunian Power Limited	Entity	24-Jan-12	---	---	---	Withdrawn
114.	29.	Nishat Mills Limited	Entity	23-Feb-11	---	AA-	A1+	---
115.	30.	Nishat Power Limited	Entity	14-Apr-11	---	AA	A1+	Upgrades
116.	31.	Optimus Limited	Entity	30-Jun-11	---	BBB+	A2	---
117.	32.	Packages Limited	Entity	30-Jun-11	---	AA	A1+	---
118.	33.	Pak-Arab Refinery Limited	Entity	29-Nov-10	---	AAA	A1+	---
119.	34.	Pak Elektron Limited	Entity	16-Jan-12	---	D	D	Rating Watch
120.	35.	Pakistan Mobile Communications Limited	Entity	08-Jul-11	---	A+	A1	---
121.	36.	Pakistan National Shipping Corporation	Entity	03-May-11	---	AA-	A1+	---
122.	37.	Pakistan State Oil Company Limited	Entity	13-Jan-11	---	AA+	A1+	---
123.	38.	Poineer Cement Limited	Entity	16-Dec-09	---	---	---	Withdrawn
124.	39.	Prosperity Weaving Mills Limited	Entity	30-Nov-11	---	A-	A2	---
125.	40.	Reem Rice Mills (Pvt) Limited	Entity	12-Apr-11	---	---	---	Withdrawn
126.	41.	Saif Power Limited	Entity	30-Dec-10	---	AA-	A1+	---
127.	42.	Sapphire Electric Company Limited	Entity	13-Jan-12	---	AA-	A1+	---
128.	43.	Sapphire Fiber Limited	Entity	26-May-11	---	A	A2	---
129.	44.	Shakarganj Mills Limited	Entity	20-Dec-11	---	---	---	Withdrawn
130.	45.	Sui Northern Gas Pipelines Limited	Entity	07-Jan-11	---	AA	A1+	---
131.	46.	Sui Southern Gas Company Limited	Entity	13-Apr-11	---	AA-	A1+	---
132.	47.	TPL Trakker Limited	Entity	21-Nov-11	---	A-	A2	---
133.	48.	Tri-Pack Films Limited	Entity	15-Nov-11	---	A+	A1	---
133.	49.	TRG Pakistan Limited	Entity	22-Jul-09	---	---	---	Withdrawn
134.	50.	WorldCall Telecom Limited	Entity	12-Oct-11	---	BBB-	A3	Rating Watch

^rw On Rating Watch

¹ Asset Manager Rating

² Insurer Financial Strength Rating

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