The Pakistan Credit Rating Agency Limited
21-Oct-25
Analyst
Usama Ali
usama.ali@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
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 Stability Rating of Alfalah Special Savings Plan-I (Formerly: Faysal Special Savings Plan - I)
| Rating Type | Capital Preservation Rating | |
|
Current (21-Oct-25 ) |
Previous (28-Feb-25 ) |
|
| Action | Withdraw | Same |
| Long Term | - | CP2+ |
| Short Term | - | - |
| Outlook | Stable | |
| Rating Watch | - | - |
In line with the decision of Alfalah Asset Management Limited (AAML), PACRA was requested to withdraw the stability rating assigned to Alfalah Special Savings Plan-I (Formerly: Faysal Special Savings Plan-I).
Consequently, PACRA hereby withdraws the stability rating of Alfalah Special Savings Plan-I, with immediate effect. The previous stability rating of ‘CP2+’ was last announced on February 28, 2025.
About
the Entity
Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited) was incorporated on October 18, 2004 as an unlisted public limited company and is licensed by the Securities and Exchange Commission of Pakistan to manage open-ended mutual funds and offer investment advisory services. The Company was established as joint venture Non-Banking Finance Company by Bank Alfalah Limited and GHP Arbitrium. The Company provides a wide range of mutual funds and pension funds both in conventional and Shariah compliant category. The Company also provides investment advisory services to HNW individuals and corporate clients. The Company’s board of directors comprises eight members including the Chairman (Mr. Atif Aslam Bajwa) and the Chief Executive Officer (Mr. Khaldoon Bin Latif). The board is dominated by representatives of MAB Investments and Bank Alfalah Limited. The board has two independent and five non-executive directors. The board members possess strong profile and skills suited to the financial services industry. Assets under management of the Company stood at ~PKR 291bln at end Jun'25.