The Pakistan Credit Rating Agency Limited
19-Jun-26
Analyst
Anam Waqas Ghayour
anam.waqas@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Corporate Rating | Jul-25
- Methodology | Rating Modifiers | Apr-26
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-26
Related Research
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PACRA Suspends Entity Ratings of Jamal Pipe Industries (Pvt.) Limited
| Rating Type | Entity | |
|
Current (19-Jun-26 ) |
Previous (19-Jun-25 ) |
|
| Action | Suspended | Maintain |
| Long Term | - | BBB |
| Short Term | - | A2 |
| Outlook | Positive | |
| Rating Watch | - | - |
PACRA has suspended the entity ratings of Jamal Pipe Industries (Pvt.) Limited with immediate effect due to the non-availability of the information required for the rating review and the management’s decision to discontinue the ratings for the time being.
Should the management intend to reinstate the ratings in the future, PACRA will undertake a fresh rating assessment upon renewal of the mandate, submission of the requisite information, and completion of the applicable rating process and related formalities.
About
the Entity
Jamal Pipe Industries (Pvt.) Limited was incorporated in 1981 and is wholly owned by the sponsoring family, with equal shareholding held by the Mian brothers — Mr. Mian Farooq Ahmed and Mr. Mian Shakeel Ahmed. The Company is overseen by a two-member Board of Directors, with Mr. Farooq Ahmed serving as Chief Executive and Mr. Shakeel Ahmed as Executive Director. Both directors possess the requisite technical expertise to effectively manage and oversee operations. Mr. Zubair Ahmed, a Chartered Accountancy finalist, serves as the Chief Financial Officer and has a long-standing association with the Company.