The Pakistan Credit Rating Agency Limited
24-Jul-26
Analyst
Ahsan Zahid
ahsan.zahid@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 Withdraws Entity Ratings of Al-Khair Rice Mills (Pvt.) Limited
| Rating Type | Entity | |
|
Current (24-Jul-26 ) |
Previous (16-Jan-26 ) |
|
| Action | Withdraw | Upgrade |
| Long Term | - | BBB+ |
| Short Term | - | A2 |
| Outlook | Stable | |
| Rating Watch | - | - |
The ratings of Al-Khair Rice Mills (Private) Limited have been withdrawn following the cessation of the Company as a separate legal entity, pursuant to a Scheme of Arrangement sanctioned by the Lahore High Court in April 2026. Under the approved Scheme, Al-Khair Rice Mills (Private) Limited, alongside Go Poultry (Private) Limited and Go Foods (Private) Limited, was merged into Go Dairy (Private) Limited, which was subsequently renamed Go Foods (Private) Limited and continues as the surviving corporate entity.
Consequently, as Al-Khair Rice Mills (Private) Limited no longer exists as an independent corporate entity, PACRA is withdrawing its credit ratings.
About
the Entity
Al-Khair Rice Mills (Private) Limited (‘the Company’) was established in January 2019 as a private limited entity, primarily engaged in the processing and sale of premium basmati rice with an operational processing capacity of 30 MT/hour at its facility in Okara. Following a recent corporate merger, Al-Khair Rice Mills no longer operates as a standalone legal entity and has been fully integrated into Go Foods (Pvt.) Limited.