Rating Details	Rating Type	Social Impact and Performance Rating
	Dissemination Date	Current (13-Dec-24 )	Previous (13-Dec-23)
	Action	Withdraw	Maintain
	Rating	-	SIP3
	Outlook		Stable
	Rating Watch	-	-

Rating Rationale	Factor	Comment
	Ownership/Members	.
	Governance	.
	Management	.
	Social Impact	.
	Business Sustainability	.
	Financial Sustainability	.

Key Rating Drivers

Subsequent to CSC Empowerment & Inclusion Programme's management decision to discontinue the rating, PACRA has withdrawn the Social Impact and Performance Rating of CSC Empowerment & Inclusion Programme with immediate effect.

About the Entity
	Legal Structure	Not-for-profit organization (Section-42)
	Year of Establishment	19-Mar-15
	Type of License	Non-banking Microfinance Company (NBMFC)
	Majority Ownership	N/A

Regulatory Disclosures	Analyst	Applicable Criteria	Related Research
	Hassaan Ahmad Hassaan.Ahmad@pacra.com +92-42-35869504 www.pacra.com	Assessment Framework | Social Impact and Performance Rating | Sep-24	Sector Study | Microfinance | Oct-24

Disclaimer

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. The primary function of PACRA is to evaluate the capacity and willingness of an entity to honor its obligations. Our ratings reflect an independent, professional and impartial assessment of the risks associated with a particular instrument or an entity. PACRA opinion is not a recommendation to purchase, sell or hold a security, in as much as it does not comment on the security's market price or suitability for a particular investor.