The Pakistan Credit Rating Agency Limited
26-Mar-26
Analyst
Sohail Ahmed Qureshi
sohail.ahmed@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-25
- Methodology | Rating Modifiers | Apr-25
- Methodology | Microfinance Institution Rating | Oct-25
Related Research
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PACRA Suspends the Entity Ratings of Union Microfinance Company Limited
| Rating Type | Entity | |
|
Current (26-Mar-26 ) |
Previous (25-Apr-25 ) |
|
| Action | Suspended | Downgrade |
| Long Term | - | BB |
| Short Term | - | A4 |
| Outlook | Stable | |
| Rating Watch | - | Yes |
Due to the non-availability of requisite information, the entity ratings of Union Microfinance Company Limited have been suspended. As the required information is furnished, PACRA will update the ratings after following the due process.
-
About
the Entity
Union Microfinance Company (the Company) is a public company limited by shares and was incorporated in Pakistan as a Non-Banking Finance Company on July 27, 2021, under the Non-Banking Finance Company Rules 2003 and the Companies Act, 2017. The Company was granted a license by the Securities and Exchange Commission of Pakistan on September 30, 2021. The overall control of the Company vests in individuals with strong financial backgrounds and extensive knowledge of the microfinance industry. Mr. Zahair Amir Ali Pesnani holds 39.99% shares of the Company, and he has over 30 years of working experience in the financial sector.