The Pakistan Credit Rating Agency Limited
05-Jun-25
Analyst
Tasveeb Idrees
Tasveeb.Idrees@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Corporate Rating | Jul-24
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
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 Withdraws the Entity Ratings of Khaadi Pakistan (SMC-Pvt). Limited
| Rating Type | Entity | |
|
Current (05-Jun-25 ) |
Previous (03-Jun-24 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | A |
| Short Term | - | A1 |
| Outlook | Stable | |
| Rating Watch | - | - |
The Management has decided to discontinue the entity ratings of Khaadi Pakistan (SMC-Pvt) Limited. As a consequence, PACRA withdraws the entity ratings of Khaadi Pakistan (SMC-Pvt) Limited with immediate effect.
.
About
the Entity
Khaadi, a multinational Pakistani retail fashion brand commenced its operations in 1998 by offering kurtas and unstitched fabric made from the hand-woven fabric. It is operating with a retail network of 41 stores in Pakistan and has a presence in the UK, UAE & USA. The founder, Mr. Shamoon Sultan owns an 80% stake while IFC holds a 20% indirect stake in the Company.