The Pakistan Credit Rating Agency Limited
12-Aug-26
Analyst
Sohail Ahmed Qureshi
sohail.ahmed@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
- Methodology | Rating Modifiers | Apr-26
- Methodology | Correlation Between Long-term & Short-term Rating Scales | Apr-26
- Methodology | Non-Banking Finance Companies Rating | Jun-26
Related Research
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PACRA Withdraws Entity Ratings of Escorts Investment Bank Limited
| Rating Type | Entity | |
|
Current (12-Aug-26 ) |
Previous (19-Sep-25 ) |
|
| Action | Withdraw | Downgrade |
| Long Term | - | BBB- |
| Short Term | - | A3 |
| Outlook | Stable | |
| Rating Watch | - | - |
The Management has decided to discontinue the entity ratings of Escorts Investment Bank Limited. As a consequence, PACRA withdraws the entity ratings of Escorts Investment Bank Limited with immediate effect.
-
About
the Entity
Escorts Investment Bank Limited ("Escorts Bank" or "the Bank"), a Non-Banking Finance Company (NBFC), was incorporated in Oct-96 as a public listed entity. The Bank's prime activity is to provide facilities of microfinance, corporate finance, housing finance, and certificates of deposits to corporate and individual clients accordingly. The major stake of the Bank was with Bahria Town (Pvt.) Ltd. (~87.96%), one of the leading real estate development companies in Pakistan. The Bank's Board is chaired by Mr. Tahir Nawzish. Mr. Basit Rahman Malik serves as the CEO. He is assisted by experienced professionals.