The Pakistan Credit Rating Agency Limited
05-Aug-26
Analyst
Tasveeb Idrees
Tasveeb.Idrees@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
This press release is being transmitted for the sole purpose of dissemination through print/electronic media. The press release may be used in full or in part without changing the meaning or context thereof with due credit to PACRA
PACRA Suspends the Entity Ratings of Maqbool Textile Mills Limited
| Rating Type | Entity | |
|
Current (05-Aug-26 ) |
Previous (13-Feb-26 ) |
|
| Action | Suspended | Downgrade |
| Long Term | - | BBB- |
| Short Term | - | A3 |
| Outlook | Stable | |
| Rating Watch | - | - |
The ratings of the Company have been suspended due to non-availability of requisite information. PACRA fee is also outstanding. Once the matter pertaining to the availability of information is resolved and PACRA dues are paid, PACRA will update the ratings after following the due process.
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About
the Entity
Maqbool Textile Mills Limited (“MTML” or “the Company”), incorporated in 1989, is a public listed company. The Company has an installed capacity of 82,224 spindles and 576 MVS spindles. MTML is primarily owned by the Maqbool family (75.20%) and others (24.8%). The board comprises ten members, chaired by Mian Tanvir Ahmad Sheikh. Out of this, four directors are non-executive, three directors occupy executive roles, and three directors are independent. Seven board members represent the Maqbool family.