PACRA maintains Stability Rating of Pak Oman Income Fund

Pak Oman Income Fund (“PO-IF” or the “Fund”) maintains its positioning as a moderate-risk investment avenue, designed to deliver competitive income while ensuring prudent risk management. As of June 2025, the Fund’s portfolio allocation underscored a conservative stance. Approximately 68.83% of assets were deployed in bank placements. A further 18.69% was invested in Term Finance Certificates (TFCs), enhancing return potential, while the residual 12.48% was allocated across other avenues to provide portfolio diversification and flexibility. From a credit quality perspective, the Fund demonstrated its cautious positioning, with 68.43% invested in A+ rated instruments and 18.71% allocated towards AA-rated exposures, while the remaining balance was distributed across other investment-grade categories. As of June'25, the Fund’s duration of 13 days highlighted its very low sensitivity to interest rate movements. On the other hand, the weighted average maturity (WAM) of 412 days introduced exposure to longer-tenor assets, resulting in elevated credit risk. While the Fund’s investor concentration remains high, with the top 10 investors collectively holding 100% of the total units, proactive liquidity planning and portfolio structuring remain central to mitigating redemption pressures and preserving stability for all unitholders.
Going forward, any material changes in the investment policy and/or compliance with the rating criteria for the assigned rating would have an impact on the ratings.

About the Entity
Pak Oman Asset Management Company Limited was incorporated on July 28, 2006, as a public unlisted company. It is licensed by the Securities and Exchange Commission of Pakistan to carry out asset management and investment advisory services under the Non-Banking Finance Companies Regulations. The company is a majority owned subsidiary of Pak Oman Investment Company Limited (99.46%). The remaining shareholders include Oman International Development and Investment Company, SAOG (0.54%). The company’s Board of Directors comprises six members including the managing director of Pak Oman Investment Company Limited, Mr. Nauman Ansari. The board’s chairman H.H. Sayyid Juland Jaifar Salim Al-Said has over 15 years of experience at the Oman Investment Authority (OIA) (Previously known as State General Reserve Fund). The company’s diverse product slate includes nine open end funds as of Dec'24 belonging to all major categories. The AUMs of the Company stood at ~PKR 2,353mln at the end of Dec'24.