Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action LT Rating ST Rating Outlook Rating Watch
1 Ghani Chemical Industries Limited
Press Release | Report | History
Industrial Gases Entity 13-Jun-24 Maintain A A1 Stable -
2 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 12-Jun-24 Maintain BBB- A2 Positive -
3 Masood Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 12-Jun-24 Initial A A2 Stable -
4 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Coal Mining and Trading Entity 07-Jun-24 Maintain A A2 Stable Yes
5 TRAFCO Insurance Company Limited
Press Release | Report | History
General Insurance IFS 07-Jun-24 Maintain BBB++ (ifs) Stable -
6 Pakistan Refinery Limited
Press Release | Report | History
Refineries Entity 07-Jun-24 Upgrade A A1 Stable -
7 Pioneer Cement Limited
Press Release | Report | History
Cement Entity 07-Jun-24 Maintain A A2 Stable -
8 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Power Entity 07-Jun-24 Maintain AA- A1 Stable -
9 Nishat Hotels and Properties Ltd
Press Release | Report | History
Hotel & Lodging Entity 07-Jun-24 Upgrade A A1 Stable -
10 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 05-Jun-24 Initial A A1 Stable -
11 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 04-Jun-24 Upgrade BFR 3+ Stable -
12 Alhamra Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 04-Jun-24 Maintain AA+(f) Stable Yes
13 Khaadi Pakistan (SMC-Pvt) Limited
Press Release | Report | History
Composite and Garments Entity 03-Jun-24 Maintain A A1 Stable -
14 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Oil Transportation & Storage Entity 01-Jun-24 Maintain AAA A1+ Stable -
15 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Leather Entity 31-May-24 Initial BBB+ A2 Stable -
16 Martin Dow Marker Limited
Press Release | Report | History
Pharmaceuticals Entity 31-May-24 Maintain A+ A1 Stable -
17 EFU General Insurance Limited
Press Release | Report | History
General Insurance IFS 31-May-24 Maintain AA++ (ifs) Stable -
18 Gas & Oil Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 31-May-24 Maintain A+ A1 Developing Yes
19 Hub Power Holdings Limited | Sukuk
Press Release | Report | History
Holding Company Debt Instrument 31-May-24 Maintain AA+ Stable -
20 ThalNova Power Thar (Pvt.) Limited | PPSTS | PKR 5bln | TBI
Press Release | Report | History
Power Debt Instrument 31-May-24 Preliminary AA- A1 Stable -
21 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain AA(f) Stable -
22 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain A+(f) Stable -
23 ABL Special Saving Fund
Press Release | Report | History
Asset Managers Capital Preservation Rating 31-May-24 Same CP2+ Stable -
24 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain A+(f) Stable -
25 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain AA(f) Stable -
26 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain AA(f) Stable -
27 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 31-May-24 Maintain A(f) Stable -
28 LOTTE Kolson (Pvt.) Limited
Press Release | Report | History
Food Products Entity 30-May-24 Maintain A- A2 Stable Yes
29 Panther Tyres Limited
Press Release | Report | History
Tyres Entity 29-May-24 Maintain A A1 Stable -
30 Pakistan Mobile Communications Limited | PPSTS | PKR 15bln | Apr-24
Press Release | Report | History
Telecommunication Debt Instrument 29-May-24 Initial AA A1 Stable -
31 Olympia Chemicals Limited
Press Release | Report | History
Chemical Entity 27-May-24 Upgrade A A1 Stable -
32 Reem Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 27-May-24 Maintain A- A2 Stable Yes
33 National Investment Trust Limited
Press Release | Report | History
Asset Managers Asset Manager 24-May-24 Maintain AM1 Stable -
34 Master Green Energy Limited
Press Release | Report | History
Power Entity 24-May-24 Maintain A A1 Stable -
35 Attock Refinery Limited
Press Release | Report | History
Refineries Entity 24-May-24 Maintain AA A1+ Stable -
36 National Refinery Limited
Press Release | Report | History
Refineries Entity 24-May-24 Downgrade AA A1 Stable Yes
37 Pak Elektron Limited | PPSTS | PKR 2bln | March-24
Press Release | Report | History
Household Appliances Debt Instrument 24-May-24 Initial A+ A1 Stable -
38 Berger Paints Pakistan Limited | PP Sukuk | Sep -21
Press Release | Report | History
Chemical Debt Instrument 24-May-24 Maintain A Stable -
39 Ziauddin University
Press Release | Report | History
Education Entity 23-May-24 Maintain BBB A2 Stable -
40 Mughal Iron & Steel Industries Limited | PPSTS | PKR 3bln | Apr-24
Press Release | Report | History
Steel Debt Instrument 23-May-24 Initial A+ A1 Stable -
41 TPL Trakker Limited | Sukuk
Press Release | Report | History
Tracking Services Debt Instrument 21-May-24 Maintain A+ Stable -
42 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 17-May-24 Maintain BFR 3+ Stable -
43 ABL Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 17-May-24 Maintain AA+(f) Stable -
44 ABL Islamic Income Fund
Press Release | Report | History
Asset Managers Stability Rating 17-May-24 Maintain A+(f) Stable -
45 ABL Income Fund
Press Release | Report | History
Asset Managers Stability Rating 17-May-24 Maintain A+(f) Stable -
46 ABL Government Securities Fund
Press Release | Report | History
Asset Managers Stability Rating 17-May-24 Maintain AA-(f) Stable -
47 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain A A1 Stable -
48 WAPDA Dasu TFC-B
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
49 WAPDA Dasu Sukuk-B
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
50 WAPDA Dasu Sukuk-C
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
51 WAPDA Dasu TFC-C
Press Release | Report | History
Power Debt Instrument 17-May-24 Maintain AAA Stable -
52 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 17-May-24 Maintain AA A1+ Stable -
53 Pakistan Mobile Communications Limited
Press Release | Report | History
Telecommunication Entity 17-May-24 Maintain AA A1 Stable -
54 Descon Oxychem Limited
Press Release | Report | History
Chemical Entity 17-May-24 Maintain A+ A1 Stable -
55 Samba Bank Limited | PPTFC
Press Release | Report | History
Commercial Banks Debt Instrument 16-May-24 Maintain AA- Stable -
56 Entertainment Pakistan Limited
Press Release | Report | History
Real Estate Entity 16-May-24 Maintain BB A3 Stable -
57 NRSP Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 15-May-24 Maintain A- A2 Stable Yes
58 NRSP Microfinance Bank Limited | Tier II TFC
Press Release | Report | History
Microfinance Debt Instrument 15-May-24 Maintain A- Stable Yes
59 Crown Textile
Press Release | Report | History
Composite and Garments Entity 14-May-24 Maintain BBB- A2 Stable -
60 Secure Logistics Group Limited
Press Release | Report | History
Trucks & Buses Entity 14-May-24 Upgrade A+ A1 Stable -
61 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Relief Entity 13-May-24 Maintain A- A2 Stable -
62 Amreli Steels Limited
Press Release | Report | History
Steel Entity 10-May-24 Downgrade BBB A3 Stable Yes
63 Sitara Petroleum Service Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 10-May-24 Maintain A- A2 Stable -
64 KTRADE Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 10-May-24 Maintain BFR 2 Stable -
65 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 10-May-24 Maintain BBB- A2 Positive -
66 Airlink Communication Limited | PPSTS-I | PKR 3bln | Mar-24
Press Release | Report | History
Telecommunication Debt Instrument 09-May-24 Maintain A+ A1 Stable -
67 TPL Insurance Limited
Press Release | Report | History
General Insurance IFS 03-May-24 Maintain AA (ifs) Stable -
68 HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24
Press Release | Report | History
Microfinance Debt Instrument 03-May-24 Initial A Stable -
69 Nishat Mills Limited
Press Release | Report | History
Composite and Garments Entity 02-May-24 Maintain AA A1+ Stable -
70 Infra Zamin Pakistan Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 02-May-24 Maintain AAA A1+ Stable -
71 Sefam (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 02-May-24 Maintain A- A2 Stable Yes
72 AL Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 02-May-24 Maintain BBB A2 Stable Yes
73 Ismail Industries Limited | PPSTS | PKR 4bln | Feb 24
Press Release | Report | History
Food Products Debt Instrument 30-Apr-24 Initial A+ A1 Stable -
74 Mobilink Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 30-Apr-24 Maintain A A1 Stable -
75 K-Electric Limited | PPSTS-24 | PKR 2.804bln | Mar’24
Press Release | Report | History
Power Debt Instrument 30-Apr-24 Initial AA A1+ Stable -
76 Telenor Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 30-Apr-24 Maintain A A1 Stable Yes
77 K-Electric Limited | PPSTS-23 | PKR 5bln | Feb’24
Press Release | Report | History
Power Debt Instrument 30-Apr-24 Initial AA A1+ Stable -
78 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Entity 29-Apr-24 Maintain BBB+ A2 Positive -
79 Ismail Industries Limited | PPSTS | PKR 6bln | TBI
Press Release | Report | History
Food Products Debt Instrument 29-Apr-24 Preliminary A+ A1 Stable -
80 The Hub Power Company Limited | PPSTS | PKR 6bln | May-24
Press Release | Report | History
Power Debt Instrument 29-Apr-24 Preliminary AA+ A1+ Stable -
81 AGAHE Pakistan
Press Release | Report | History
Microfinance Entity 26-Apr-24 Maintain BBB- A3 Positive -
82 TPL Properties Limited
Press Release | Report | History
Real Estate Entity 26-Apr-24 Maintain A+ A1 Stable -
83 Union Microfinance Company Limited
Press Release | Report | History
Microfinance Entity 26-Apr-24 Maintain BB+ A3 Stable Yes
84 Pakistan Synthetics Limited
Press Release | Report | History
Paper and Packaging Entity 26-Apr-24 Maintain A- A2 Stable -
85 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Apr-24 Maintain BBB A2 Stable -
86 Alfalah CLSA Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 23-Apr-24 Maintain A- A1 Stable Yes
87 Alfalah CLSA Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Apr-24 Maintain BFR 2+ Stable Yes
88 ABL Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Initial AA+(f) Stable -
89 ABL Islamic Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Initial AA+(f) Stable -
90 ABL Financial Sector Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Initial A+(f) Stable -
91 ABL Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 22-Apr-24 Maintain AA+(f) Stable Yes
92 New Horizon Computer
Press Release | Report | History
Technology Entity 20-Apr-24 Maintain BB+ A3 Stable -
93 Asif Rice Mills
Press Release | Report | History
Rice Entity 19-Apr-24 Maintain BBB+ A2 Stable -
94 National Foods Limited
Press Release | Report | History
Food Products Entity 19-Apr-24 Maintain AA- A1 Stable -
95 Flying Cement Company Limited
Press Release | Report | History
Cement Entity 19-Apr-24 Maintain A- A2 Stable Yes
96 Faysal Financial Sector Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 19-Apr-24 Downgrade A+(f) Stable -
97 The United Insurance Company of Pakistan Limited
Press Release | Report | History
General Insurance IFS 19-Apr-24 Maintain AA+ (ifs) Stable -
98 786 Smart Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
99 Faysal Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable -
100 Faysal Halal Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable Yes
101 Atlas Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
102 Atlas Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
103 Faysal Savings Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable Yes
104 Atlas Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA(f) Stable -
105 Atlas Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
106 Atlas Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA+(f) Stable -
107 Atlas Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA+(f) Stable -
108 Faysal Income and Growth Fund
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain A(f) Stable -
109 Faysal MTS Fund (FMTSF)
Press Release | Report | History
Mutual Funds Stability Rating 18-Apr-24 Maintain AA-(f) Stable -
110 Mughal Iron & Steel Industries Limited | PP Sukuk
Press Release | Report | History
Steel Debt Instrument 15-Apr-24 Maintain A+ Stable -
111 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 09-Apr-24 Maintain A+ A1 Stable -
112 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
113 NBP Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
114 NBP Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
115 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
116 NBP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
117 Alfalah GHP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA+(f) Stable -
118 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
119 Alfalah GHP Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA-(f) Stable -
120 NBP Income Opportunity Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
121 NBP Riba Free Saving Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
122 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
123 NBP Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA(f) Stable -
124 AWT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain AA+(f) Stable -
125 AWT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
126 NBP Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
127 AWT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 09-Apr-24 Maintain A+(f) Stable -
128 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24
Press Release | Report | History
Commercial Banks Debt Instrument 08-Apr-24 Initial A Stable -
129 Lucky Electric Power Company Limited
Press Release | Report | History
Power Entity 08-Apr-24 Maintain AA A1+ Stable -
130 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Spinning Entity 08-Apr-24 Maintain A- A2 Stable -
131 Shahzad Textile Mills Limited
Press Release | Report | History
Spinning Entity 08-Apr-24 Maintain A- A2 Stable Yes
132 Noon Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB+ A2 Stable -
133 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain A- A2 Stable -
134 Mehran Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain A- A2 Stable -
135 Jauharabad Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB+ A2 Stable -
136 SGM Sugar Mills Limited
Press Release | Report | History
Sugar Entity 05-Apr-24 Maintain BBB A2 Stable -
137 Optimus Capital Management (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 05-Apr-24 Maintain A- A2 Stable -
138 JS Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA(f) Stable -
139 JS Government Securities Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA(f) Stable -
140 JS Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain A+(f) Stable -
141 JS Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA-(f) Stable -
142 JS Microfinance Sector Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain A(f) Stable -
143 JS Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 05-Apr-24 Maintain AA+(f) Stable -
144 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Power Entity 05-Apr-24 Upgrade A+ A1 Stable -
145 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 05-Apr-24 Upgrade A+ A1 Stable -
146 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Power Entity 04-Apr-24 Maintain AA A1+ Stable -
147 International Business Management
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB+ A3 Stable -
148 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB A3 Stable -
149 Madiha International (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 03-Apr-24 Maintain BB A3 Stable -
150 First Capital Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 03-Apr-24 Maintain AM4++ Stable -
151 The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24
Press Release | Report | History
Commercial Banks Debt Instrument 03-Apr-24 Initial AA- Stable -
152 Ghani Chemical Industries Limited | PP Sukuk | PKR 800mln | Jan-24
Press Release | Report | History
Industrial Gases Debt Instrument 03-Apr-24 Initial A+ Stable -
153 Lucky Electric Power Company Limited | PPSTS-18 | PKR 7bln | Apr-24
Press Release | Report | History
Power Debt Instrument 01-Apr-24 Preliminary AA A1+ Stable -
154 Mount Fuji Textiles Limited
Press Release | Report | History
Composite and Garments Entity 30-Mar-24 Maintain BBB A2 Positive -
155 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 29-Mar-24 Maintain BBB A2 Stable -
156 Masood Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 29-Mar-24 Maintain A- A2 Stable -
157 Sindh Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 29-Mar-24 Maintain A- A2 Stable -
158 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Spinning Entity 29-Mar-24 Maintain BBB- A2 Stable -
159 Sargodha Jute Mills Limited
Press Release | Report | History
Jute Entity 29-Mar-24 Maintain A- A2 Stable -
160 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Mar-24 Maintain BBB A2 Stable -
161 Alfalah GHP Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA+(f) Stable -
162 NBP Government Securities Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA-(f) Stable -
163 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA+(f) Stable -
164 NBP Government Securities Liquid Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AAA(f) Stable -
165 UBL Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain AA+(f) Stable -
166 NBP Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Mar-24 Maintain A+(f) Stable -
167 SAFCO Microfinance Company (Private) Limited
Press Release | Report | History
Microfinance Entity 28-Mar-24 Maintain BBB A3 Stable -
168 JWS Pakistan
Press Release | Report | History
Microfinance Entity 28-Mar-24 Maintain BBB A3 Stable -
169 Lucky Electric Power Company Limited | PPSTS-16 | PKR 7bln | Feb24
Press Release | Report | History
Power Debt Instrument 28-Mar-24 Initial AA A1+ Stable -
170 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 27-Mar-24 Maintain BB+ A3 Stable -
171 Gharibwal Cement Limited
Press Release | Report | History
Cement Entity 25-Mar-24 Maintain A A2 Stable -
172 Lucky Electric Power Company Limited | PPSTS-17 | PKR 5bln | Mar-24
Press Release | Report | History
Power Debt Instrument 25-Mar-24 Preliminary AA A1+ Stable -
173 Dr. Arslan Razaque Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 22-Mar-24 Initial BFR 3 Stable -
174 Kohinoor Energy Limited
Press Release | Report | History
Power Entity 22-Mar-24 Maintain AA A1+ Stable -
175 Fecto Cement Limited
Press Release | Report | History
Cement Entity 22-Mar-24 Maintain A- A2 Stable Yes
176 Halmore Power Generation Company Limited
Press Release | Report | History
Power Entity 22-Mar-24 Maintain AA- A1 Stable -
177 Alfalah GHP Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 22-Mar-24 Maintain AA-(f) Stable -
178 NBP Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 22-Mar-24 Maintain AA-(f) Stable -
179 Warble (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-24 Maintain BBB- A2 Stable -
180 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Pesticides Entity 21-Mar-24 Maintain BBB- A2 Stable -
181 Saif Power Limited
Press Release | Report | History
Power Entity 21-Mar-24 Maintain AA- A1 Stable -
182 KTM Leather (Pvt.) Limited
Press Release | Report | History
Leather Entity 21-Mar-24 Maintain BBB+ A2 Stable Yes
183 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Weaving Entity 20-Mar-24 Maintain A A1 Stable -
184 AWT Financial Sector Income Fund
Press Release | Report | History
Asset Managers Stability Rating 20-Mar-24 Maintain A+(f) Stable -
185 The Punjab Provincial Cooperative Bank Limited
Press Release | Report | History
Commercial Banks Entity 19-Mar-24 Initial BBB+ A2 Stable -
186 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Metals Entity 18-Mar-24 Upgrade A- A2 Stable -
187 ASA Microfinance Bank (Pakistan) Limited (Formerly ASA Pakistan Limited)
Press Release | Report | History
Microfinance Social Impact and Performance Rating 17-Mar-24 Maintain SIP2 Positive -
188 Descon Engineering Limited
Press Release | Report | History
Construction Entity 15-Mar-24 Maintain AA- A1 Stable -
189 Unicol Limited
Press Release | Report | History
Sugar Entity 15-Mar-24 Maintain A A1 Stable -
190 Aba Ali Habib Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Mar-24 Initial BFR 2 Stable -
191 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Sugar Entity 15-Mar-24 Maintain BBB+ A2 Stable -
192 Aba Ali Habib Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 15-Mar-24 Maintain A- A2 Stable -
193 Fauji Cement Company Limited
Press Release | Report | History
Cement Entity 15-Mar-24 Maintain AA- A1+ Stable -
194 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Mutual Funds Stability Rating 13-Mar-24 Initial AA(f) Stable -
195 NBP Government Securities Plan - IV
Press Release | Report | History
Mutual Funds Stability Rating 13-Mar-24 Initial AA(f) Stable -
196 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 13-Mar-24 Upgrade BBB+ A2 Stable -
197 ARY Communications Limited
Press Release | Report | History
Media Entity 12-Mar-24 Initial A A1 Stable -
198 Lakson Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 11-Mar-24 Maintain A+(f) Stable Yes
199 Lakson Islamic Money Market Fund
Press Release | Report | History
Asset Managers Stability Rating 11-Mar-24 Maintain AA(f) Stable -
200 Lakson Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 11-Mar-24 Maintain AA+(f) Stable -
201 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 08-Mar-24 Maintain BFR 3+ Stable -
202 MCB DCF Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
203 Pakistan Income Enhancement Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain A+(f) Stable -
204 Alhamra Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
205 MCB Cash Management Optimizer
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA+(f) Stable -
206 Alhamra Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
207 NIT Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
208 Pakistan Cash Management Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA+(f) Stable -
209 NIT Government Bond Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA(f) Stable -
210 MCB Pakistan Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
211 NIT Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 08-Mar-24 Maintain AA-(f) Stable -
212 AKD Aggressive Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain A+(f) Stable -
213 AKD Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain AA+(f) Stable -
214 AKD Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain AA-(f) Stable -
215 AKD Islamic Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 07-Mar-24 Maintain AA(f) Stable -
216 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Mar-24 Maintain AA- A1 Stable -
217 Mahaana Islamic Cash Fund
Press Release | Report | History
Asset Managers Stability Rating 06-Mar-24 Initial AA+(f) Stable -
218 Newage Cables (Pvt.) Limited
Press Release | Report | History
Distribution | Electricity Entity 04-Mar-24 Initial A- A2 Stable -
219 D.G. Khan Cement Company Limited
Press Release | Report | History
Cement Entity 01-Mar-24 Maintain AA- A1+ Stable -
220 Allawasaya Spinning Mills (Pvt) Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB- A3 Stable Yes
221 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB A2 Stable Yes
222 Adamjee Insurance Company Limited
Press Release | Report | History
General Insurance IFS 01-Mar-24 Maintain AA++ (ifs) Stable -
223 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain BBB A2 Stable -
224 JS Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AA+(f) Stable -
225 Masood Spinning Mills Limited
Press Release | Report | History
Spinning Entity 01-Mar-24 Maintain A- A2 Stable -
226 Pakistan Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AA-(f) Stable -
227 NIT Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AAA(f) Stable Yes
228 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Mutual Funds Stability Rating 01-Mar-24 Maintain AA+(f) Stable -
229 OLP Financial Services Pakistan Limited (Formerly ORIX Leasing Pakistan Limited)
Press Release | Report | History
Non-Banking Finance Companies Entity 01-Mar-24 Maintain AA+ A1+ Stable -
230 OLP Modaraba (Formerly ORIX Modaraba)
Press Release | Report | History
Non-Banking Finance Companies Entity 01-Mar-24 Maintain AA A1+ Stable -
231 Gas & Oil Pakistan Limited | PP Sukuk
Press Release | Report | History
POL Distribution - OMCs & Dealers Debt Instrument 01-Mar-24 Maintain AA- Stable -
232 OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC)
Press Release | Report | History
Non-Banking Finance Companies Debt Instrument 01-Mar-24 Maintain AA+ Stable -
233 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Media Entity 01-Mar-24 Maintain BBB+ A2 Stable -
234 Poly Pack (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 01-Mar-24 Maintain A- A2 Stable -
235 Faysal Special Savings Fund
Press Release | Report | History
Mutual Funds Capital Preservation Rating 29-Feb-24 Initial CP2+ Stable -
236 AL Habib Islamic Savings Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA(f) Stable -
237 AL Habib Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA(f) Stable -
238 AL Habib Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA(f) Stable -
239 AL Habib Islamic Cash Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Feb-24 Maintain AA+(f) Stable -
240 Engro PowerGen Thar (Private) Limited | PP Sukuk
Press Release | Report | History
Power Debt Instrument 28-Feb-24 Maintain AA- Stable -
241 Faysal Islamic Special Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 26-Feb-24 Initial AA(f) Stable -
242 Kashf Foundation
Press Release | Report | History
Microfinance Entity 23-Feb-24 Upgrade A A1 Stable -
243 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Feb-24 Maintain A+ A1 Stable -
244 IGI General Insurance Limited
Press Release | Report | History
General Insurance IFS 23-Feb-24 Maintain AA+ (ifs) Stable -
245 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 23-Feb-24 Maintain A- A2 Stable -
246 Select Technologies (Pvt.) Limited
Press Release | Report | History
Mobile Phone and Allied Products Entity 23-Feb-24 Initial A A1 Stable -
247 Airlink Communication
Press Release | Report | History
Mobile Phone and Allied Products Entity 23-Feb-24 Upgrade A+ A1 Stable -
248 FINCA Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 23-Feb-24 Downgrade BBB+ A3 Negative Yes
249 Jubilee Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 22-Feb-24 Maintain AA++ (ifs) Stable -
250 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Spinning Entity 22-Feb-24 Maintain A- A2 Stable -
251 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 21-Feb-24 Maintain A+ A1 Stable -
252 Liberty Wind Power 1 Limited
Press Release | Report | History
Power Entity 20-Feb-24 Maintain A A2 Stable -
253 Liberty Wind Power 2 Limited
Press Release | Report | History
Power Entity 20-Feb-24 Maintain A A2 Stable -
254 Sapphire Electric Company Limited
Press Release | Report | History
Power Entity 19-Feb-24 Maintain AA- A1+ Stable -
255 TPL Properties Limited | PPTFC | PKR 1.575bln | Dec 23
Press Release | Report | History
Real Estate Debt Instrument 19-Feb-24 Initial A+ A1 Stable -
256 U Microfinance Bank Limited | TFC | PKR 3.5bln | Jun21
Press Release | Report | History
Microfinance Debt Instrument 17-Feb-24 Maintain AA- Stable -
257 Maqbool Textile Mills Limited
Press Release | Report | History
Spinning Entity 16-Feb-24 Maintain BBB+ A2 Stable Yes
258 Eastern Garments (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 16-Feb-24 Maintain A- A2 Stable -
259 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 16-Feb-24 Maintain A A1 Stable -
260 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Sugar Entity 16-Feb-24 Maintain BBB A2 Positive -
261 AKD Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Feb-24 Same 4-Star 4-Star -
262 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Mutual Funds Stability Rating 16-Feb-24 Maintain A+(f) Stable -
263 Golden Arrow Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Feb-24 Declined 4-Star 3-Star -
264 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 16-Feb-24 Maintain A+(f) Stable Yes
265 Gul Ahmed Electric Limited
Press Release | Report | History
Power Entity 16-Feb-24 Maintain A A2 Stable -
266 AKD Opportunity Fund
Press Release | Report | History
Mutual Funds Performance Ranking 16-Feb-24 Declined 3-Star 2-Star -
267 Askari High Yield Scheme
Press Release | Report | History
Mutual Funds Stability Rating 16-Feb-24 Maintain A(f) Stable -
268 Nishat Paper Products Company Limited
Press Release | Report | History
Paper and Packaging Entity 16-Feb-24 Maintain A A1 Stable -
269 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 16-Feb-24 Maintain BBB A2 Stable -
270 Lucky Electric Power Company Limited | PPSTS-15 | PKR 6bln | Dec23
Press Release | Report | History
Power Debt Instrument 16-Feb-24 Initial AA A1+ Stable -
271 Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Banks Debt Instrument 14-Feb-24 Maintain AA- Stable -
272 Bank Alfalah Limited | Additional Tier 1 TFC | 7bln
Press Release | Report | History
Commercial Banks Debt Instrument 14-Feb-24 Maintain AA- Stable -
273 K-Electric Limited - PPSTS-XXII | PKR 5.0 Bln | Jan'24
Press Release | Report | History
Power Debt Instrument 14-Feb-24 Initial AA A1+ Stable -
274 Faysal Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Declined 3-Star 3-Star -
275 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Declined 4-Star 3-Star -
276 Faysal Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Declined 1-Star 1-Star -
277 NBP Balanced Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 4-Star 3-Star -
278 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
279 Pak Qatar Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star -
280 NBP Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Improved 4-Star 4-Star -
281 NBP Islamic Stock Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
282 NBP Sarmaya Izafa Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
283 First Capital Mutual Fund
Press Release | Report | History
Mutual Funds Performance Ranking 14-Feb-24 Same 3-Star 3-Star -
284 BMA Investment Advisors Limited (Formerly BMA Asset Management Company Limited)
Press Release | Report | History
Asset Managers Investment Advisor Rating 09-Feb-24 Upgrade AM2+ (ia) Stable -
285 Askari General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 07-Feb-24 Maintain AA+ (ifs) Stable -
286 Pak Qatar General Takaful Limited
Press Release | Report | History
General Insurance IFS 07-Feb-24 Maintain A+ (ifs) Stable -
287 Ibrahim Fibres Limited
Press Release | Report | History
Polyester Entity 07-Feb-24 Maintain AA A1+ Stable -
288 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB+ A2 Stable -
289 Punjab Oil Mills Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB+ A2 Stable -
290 Shujabad Agro Industries (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain A- A2 Stable -
291 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Edible Oil Entity 07-Feb-24 Maintain BBB- A3 Positive -
292 Denim-E (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 07-Feb-24 Maintain BBB- A2 Stable -
293 Mughal Iron & Steel Industries Limited | PP Sukuk | PKR 2.5bln | Dec-23
Press Release | Report | History
Steel Debt Instrument 06-Feb-24 Initial AA- Stable -
294 Salaam Takaful Limited (Formerly: Takaful Pakistan Limited)
Press Release | Report | History
General Insurance IFS 02-Feb-24 Maintain A++ (ifs) Stable -
295 Mobilink Microfinance Bank Limited | PPTFC | Dec-22
Press Release | Report | History
Microfinance Debt Instrument 02-Feb-24 Maintain A- Stable -
296 Sindh Insurance Limited
Press Release | Report | History
General Insurance IFS 31-Jan-24 Maintain A++ (ifs) Stable -
297 Jasons Commodities
Press Release | Report | History
Rice Entity 31-Jan-24 Upgrade BBB A2 Stable -
298 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Real Estate Entity 30-Jan-24 Maintain A- A2 Negative Yes
299 Al Barka Fabrics (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain BBB+ A2 Stable -
300 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain BBB- A2 Stable -
301 KAM International
Press Release | Report | History
Composite and Garments Entity 27-Jan-24 Maintain A- A2 Stable -
302 Crescent Star Insurance Limited
Press Release | Report | History
General Insurance IFS 26-Jan-24 Maintain A (ifs) Stable Yes
303 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Jan-24 Maintain A- A1 Stable -
304 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Construction Entity 26-Jan-24 Maintain BBB A2 Positive -
305 Zahir Khan & Brothers
Press Release | Report | History
Construction Entity 23-Jan-24 Maintain A A2 Stable -
306 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 23-Jan-24 Maintain BBB A2 Stable -
307 Oursun Pakistan Limited
Press Release | Report | History
Power Entity 22-Jan-24 Maintain A A1 Stable -
308 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 20-Jan-24 Upgrade BBB A2 Stable -
309 Khushhali Microfinance Bank Limited | PPTFC | PKR 1.5bln | Jun-22
Press Release | Report | History
Microfinance Debt Instrument 19-Jan-24 Downgrade C Negative Yes
310 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Rice Entity 18-Jan-24 Maintain BBB A2 Stable -
311 BRB Properties Builders and Developers
Press Release | Report | History
Real Estate Entity 17-Jan-24 Maintain BB+ A3 Stable -
312 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 17-Jan-24 Maintain BBB A2 Stable -
313 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Power Entity 16-Jan-24 Maintain A- A2 Stable -
314 Loads Limited
Press Release | Report | History
Automotive Parts Entity 16-Jan-24 Maintain A A1 Negative Yes
315 University of Management and Technology
Press Release | Report | History
Education Entity 15-Jan-24 Initial A- A2 Stable -
316 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Hotel & Lodging Entity 12-Jan-24 Initial AA A1 Stable -
317 TPL Corp Limited | PP Sukuk | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jan-24 Maintain AA- Stable Yes
318 TPL Corp Limited | PPTFC | Jun-22
Press Release | Report | History
Holding Company Debt Instrument 12-Jan-24 Maintain AA- Stable -
319 Kohat Cement Company Limited
Press Release | Report | History
Cement Entity 12-Jan-24 Upgrade A+ A1 Stable -
320 Ahmed Hassan Spinning Limited
Press Release | Report | History
Spinning Entity 11-Jan-24 Maintain BBB A2 Negative Yes
321 Toyota Jinnah Motors (Pvt.) Limited
Press Release | Report | History
Passenger Cars Entity 10-Jan-24 Maintain BBB A2 Stable -
322 Foundation Power Company Daharki Limited
Press Release | Report | History
Power Entity 05-Jan-24 Maintain AA- A1+ Stable -
323 Nishat Mills Limited | PPSTS | PKR 10bln | Nov-23
Press Release | Report | History
Composite and Garments Debt Instrument 05-Jan-24 Initial AA A1+ Stable -
324 ISE Towers REIT Management Company Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 05-Jan-24 Maintain A A1 Stable -
325 Alhamra Wada Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jan-24 Maintain AA(f) Stable -
326 MCB Pakistan Fixed Return Fund
Press Release | Report | History
Mutual Funds Stability Rating 04-Jan-24 Maintain AA+(f) Stable -
327 Multi Resin Industries
Press Release | Report | History
Chemical Entity 03-Jan-24 Maintain BBB- A2 Stable -
328 JS Rental REIT
Press Release | Report | History
Real Estate Rental REIT Fund 03-Jan-24 Maintain A+(rr) Stable -
329 Al Ameen Islamic Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 02-Jan-24 Initial AA(f) Stable -
330 Getz Pharma (Pvt.) Limited
Press Release | Report | History
Pharmaceuticals Entity 30-Dec-23 Upgrade AA A1+ Stable -
331 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 30-Dec-23 Maintain A- A2 Stable -
332 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 29-Dec-23 Initial AA- A1 Stable -
333 Service Global Footwear Limited
Press Release | Report | History
Footwear Entity 29-Dec-23 Initial A+ A1 Stable -
334 JS Bank Limited | Tier II TFC | 3.5bln | Aug-23
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Initial A+ Positive -
335 JS Bank Limited
Press Release | Report | History
Commercial Banks Entity 29-Dec-23 Maintain AA- A1+ Positive -
336 The Bank of Punjab | TFC II | April-18
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AA Stable -
337 Bank AL Habib Limited | Tier II TFC VIII | Sep-21
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AAA Stable -
338 Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AAA Stable -
339 Bank AL Habib Limited | Tier-I | TFC VI | Dec-17
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AA+ Stable -
340 Bank AL Habib Limited | Tier-I | TFC IX | Apr-22
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AA+ Stable -
341 Bank AL Habib Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AAA Stable -
342 The Bank of Punjab | Tier 2 | TFC-III | Apr-23
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AA Stable -
343 The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain AA- Stable -
344 JS Bank Limited | PPTFC | Dec-21
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain A+ Positive -
345 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Weaving Entity 29-Dec-23 Maintain BBB+ A2 Stable -
346 JS Bank Limited | TFC Tier 1
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Maintain A Positive -
347 JS Islamic Premium Fund
Press Release | Report | History
Mutual Funds Stability Rating 29-Dec-23 Initial A(f) Stable -
348 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Power Entity 29-Dec-23 Maintain AA+ A1+ Stable -
349 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Furniture & Fixtures Entity 29-Dec-23 Maintain A- A2 Stable -
350 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 29-Dec-23 Maintain BBB A2 Stable -
351 The Bank of Punjab | Tier 2 Capital TFC | PKR 10bln | TBI
Press Release | Report | History
Commercial Banks Debt Instrument 29-Dec-23 Preliminary AA Stable -
352 Thar Energy Limited PP Short Term Sukuk - PKR 5.0 Bln | Apr-24
Press Release | Report | History
Power Debt Instrument 29-Dec-23 Preliminary AA- A1 Stable -
353 WAPDA Dasu TFC-E
Press Release | Report | History
Power Debt Instrument 29-Dec-23 Preliminary AAA Stable -
354 WAPDA Dasu Sukuk-E
Press Release | Report | History
Power Debt Instrument 29-Dec-23 Preliminary AAA Stable -
355 Pakistan Services Limited | Sukuk | Mar-18
Press Release | Report | History
Hotel & Lodging Debt Instrument 29-Dec-23 Downgrade BB A4 Negative Yes
356 Pakistan Services Limited
Press Release | Report | History
Hotel & Lodging Entity 29-Dec-23 Downgrade BB A4 Negative Yes
357 HBL Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 28-Dec-23 Maintain A+ A1 Stable -
358 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Healthcare Entity 28-Dec-23 Initial A- A2 Stable -
359 Alfalah Islamic Money Market Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Dec-23 Initial AA(f) Stable -
360 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Dec-23 Initial AA+(f) Stable -
361 Alfalah Financial Sector Income Fund
Press Release | Report | History
Mutual Funds Stability Rating 28-Dec-23 Initial A+(f) Stable -
362 Askari Bank Limited | Tier-II TFC (TFC-VII)
Press Release | Report | History
Commercial Banks Debt Instrument 28-Dec-23 Maintain AA Stable -
363 Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18
Press Release | Report | History
Commercial Banks Debt Instrument 28-Dec-23 Maintain AA- Stable -
364 Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22
Press Release | Report | History
Commercial Banks Debt Instrument 28-Dec-23 Maintain A+ Stable -
365 Soneri Bank Limited | Tier 1 TFC
Press Release | Report | History
Commercial Banks Debt Instrument 28-Dec-23 Maintain A Stable -
366 BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20
Press Release | Report | History
Commercial Banks Debt Instrument 28-Dec-23 Maintain A Stable -
367 Al Rahim Textile Industries Limited
Press Release | Report | History
Towel Entity 28-Dec-23 Maintain A A1 Stable -
368 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Steel Entity 28-Dec-23 Maintain BB+ A3 Stable -
369 Cherat Cement Company Limited
Press Release | Report | History
Cement Entity 28-Dec-23 Maintain A+ A1 Stable -
370 JS Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Dec-23 Maintain AM2+ Stable -
371 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 26-Dec-23 Initial BBB+ A2 Stable -
372 Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23
Press Release | Report | History
Microfinance Debt Instrument 23-Dec-23 Initial AAA Stable -
373 TPL REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 23-Dec-23 Maintain RM 3+ Stable -
374 TPL REIT Fund I
Press Release | Report | History
Real Estate REIT Fund Rating 23-Dec-23 Maintain RFR 3+ Stable -
375 Reliance Weaving Mills Limited
Press Release | Report | History
Composite and Garments Entity 22-Dec-23 Maintain A A2 Stable -
376 Multinet Pakistan (Pvt.) Limited | Digital Infrastructure Facility | PKR 2100 mln | TBI
Press Release | Report | History
Technology Debt Instrument 22-Dec-23 Initial AA Stable -
377 5th Pillar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 22-Dec-23 Maintain A+ (ifs) Stable -
378 786 Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Dec-23 Maintain AM3 Stable -
379 TOTAL PARCO Pakistan Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 22-Dec-23 Maintain AAA A1+ Stable -
380 Sayban International
Press Release | Report | History
Pesticides Entity 22-Dec-23 Maintain BBB- A2 Stable -
381 Tariq Glass Industries Limited
Press Release | Report | History
Glass Entity 22-Dec-23 Maintain A+ A1 Stable -
382 United Ethanol Industries Limited
Press Release | Report | History
Sugar Entity 22-Dec-23 Maintain A- A2 Stable -
383 Atlas Asset Management Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Dec-23 Maintain AM2+ Stable -
384 Pakistan National Shipping Corporation
Press Release | Report | History
Shipping Entity 22-Dec-23 Maintain AA A1+ Stable -
385 Hi-Tech Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 22-Dec-23 Initial BBB+ A2 Stable -
386 Siddiqsons Tinplate Limited
Press Release | Report | History
Paper and Packaging Entity 22-Dec-23 Maintain A- A2 Stable Yes
387 Cherat Packaging Limited
Press Release | Report | History
Paper and Packaging Entity 22-Dec-23 Maintain A A1 Positive -
388 Swat Agro Chemicals
Press Release | Report | History
Pesticides Entity 21-Dec-23 Maintain BBB- A2 Stable -
389 Zaver Petroleum Corporation (Pvt.) Limited
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-23 Maintain A- A2 Stable -
390 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Oil Exploration & Production Entity 21-Dec-23 Maintain A- A2 Stable -
391 TPL Trakker Limited
Press Release | Report | History
Tracking Services Entity 21-Dec-23 Maintain A- A2 Stable -
392 EFG Hermes Pakistan Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Dec-23 Maintain BFR 2+ Stable -
393 EFG Hermes Pakistan Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Dec-23 Maintain BMR2+ Stable -
394 EFG Hermes Pakistan Limited
Press Release | Report | History
Brokerage & Securities Entity 21-Dec-23 Maintain A- A1 Developing Yes
395 EXIDE Pakistan Limited
Press Release | Report | History
Batteries Entity 21-Dec-23 Maintain BBB A2 Positive -
396 IMM REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 20-Dec-23 Initial RM 3 Stable -
397 Pak Oman Daily Dividend Fund
Press Release | Report | History
Mutual Funds Stability Rating 20-Dec-23 Maintain AA(f) Stable -
398 WAPDA Dasu Sukuk-D
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Initial AAA Stable -
399 WAPDA Dasu TFC-D
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Initial AAA Stable -
400 WAPDA | PPTFC | May-17
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Maintain AAA Stable -
401 Arif Habib Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Dec-23 Maintain BFR 1 Stable -
402 WAPDA | Sukuk | May-17
Press Release | Report | History
Power Debt Instrument 15-Dec-23 Maintain AAA Stable -
403 Arif Habib Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 15-Dec-23 Maintain BMR1 Stable -
404 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 15-Dec-23 Maintain AA A1+ Stable -
405 MACPAC Films Limited
Press Release | Report | History
Paper and Packaging Entity 15-Dec-23 Upgrade BBB+ A2 Stable -
406 Sui Southern Gas Company Limited
Press Release | Report | History
Distribution | Gas Entity 15-Dec-23 Maintain A+ A1 Stable Yes
407 Venus Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 15-Dec-23 Initial BFR 3 Stable -
408 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Construction Entity 14-Dec-23 Maintain A- A2 Stable -
409 Sapphire Retail Limited
Press Release | Report | History
Composite and Garments Entity 14-Dec-23 Maintain A- A2 Stable -
410 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 14-Dec-23 Maintain AA- A1 Stable -
411 JS Global Capital Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 14-Dec-23 Maintain BMR1 Stable -
412 JS Global Capital Limited
Press Release | Report | History
Brokerage & Securities Entity 14-Dec-23 Maintain AA A1+ Stable -
413 JS Global Capital Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Dec-23 Maintain BFR 1 Stable -
414 Rural Community Development Programmes
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-23 Maintain SIP3++ Stable -
415 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Microfinance Social Impact and Performance Rating 13-Dec-23 Maintain SIP3 Stable -
416 Pak Arab Refinery Limited
Press Release | Report | History
Refineries Entity 08-Dec-23 Maintain AAA A1+ Stable -
417 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 08-Dec-23 Upgrade A- A2 Stable -
418 Ismail Industries Limited
Press Release | Report | History
Food Products Entity 08-Dec-23 Maintain A+ A1 Stable -
419 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food Products Entity 07-Dec-23 Initial A A1 Stable -
420 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Sugar Entity 01-Dec-23 Initial A A1 Stable -
421 Habib Insurance Company Limited
Press Release | Report | History
General Insurance IFS 01-Dec-23 Maintain A++ (ifs) Stable -
422 Mughal Energy Limited
Press Release | Report | History
Power Entity 01-Dec-23 Maintain A A2 Stable -
423 Zameen REIT Management Company Limited
Press Release | Report | History
Real Estate REIT Manager Rating 30-Nov-23 Initial RM 2 Stable -
424 Zameen Five REIT
Press Release | Report | History
Real Estate REIT Fund Rating 30-Nov-23 Preliminary RFR 2+ Stable -
425 Dawood Equities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 30-Nov-23 Initial BFR 3+ Stable -
426 KSB Pumps Company Limited
Press Release | Report | History
Machinery Entity 29-Nov-23 Maintain A+ A1 Stable Yes
427 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Edible Oil Entity 28-Nov-23 Initial A- A2 Stable -
428 Ismail Iqbal Securities (Pvt.) Limited
Press Release | Report | History
Brokerage & Securities Entity 28-Nov-23 Initial A- A2 Stable -
429 Reliance Insurance Company Limited
Press Release | Report | History
General Insurance IFS 24-Nov-23 Maintain A+ (ifs) Stable -
430 HUM Network Limited
Press Release | Report | History
Media Entity 24-Nov-23 Maintain A+ A1 Stable -
431 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Paper and Packaging Entity 24-Nov-23 Maintain A+ A1 Stable -
432 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Chemical Entity 24-Nov-23 Maintain BBB+ A2 Positive -
433 Sapphire Finishing Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain A A1 Stable -
434 Be Be Jan Pakistan Limited
Press Release | Report | History
Composite and Garments Entity 23-Nov-23 Maintain BBB A2 Stable -
435 DIC Pakistan Limited
Press Release | Report | History
Chemical Entity 23-Nov-23 Maintain AA- A1 Stable -
436 Ghani Global Glass Limited
Press Release | Report | History
Glass Entity 23-Nov-23 Maintain BBB+ A2 Positive -
437 Inbox Business Technologies Limited
Press Release | Report | History
Technology Entity 23-Nov-23 Maintain A- A2 Stable -
438 KTRADE Securities Limited
Press Release | Report | History
Brokerage & Securities Entity 22-Nov-23 Maintain A- A2 Stable -
439 Chanar Energy Limited
Press Release | Report | History
Power Entity 22-Nov-23 Maintain BBB- A3 Stable Yes
440 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 22-Nov-23 Maintain A- A2 Positive -
441 Spectrum Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 21-Nov-23 Maintain BMR3+ Stable -
442 Spectrum Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 21-Nov-23 Upgrade BFR 3+ Stable -
443 East West Insurance Company Limited
Press Release | Report | History
General Insurance IFS 20-Nov-23 Maintain AA (ifs) Stable -
444 Prism Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 17-Nov-23 Initial A+ A1 Stable -
445 Ahmed Fine Weaving Limited
Press Release | Report | History
Weaving Entity 17-Nov-23 Maintain A- A2 Stable -
446 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Steel Entity 16-Nov-23 Upgrade BBB A2 Stable -
447 Sapphire Fibres Limited
Press Release | Report | History
Composite and Garments Entity 13-Nov-23 Maintain A+ A1 Stable -
448 Glamour Textile Mills Limited
Press Release | Report | History
Spinning Entity 13-Nov-23 Maintain BBB- A2 Stable -
449 Liberty Power Tech Limited
Press Release | Report | History
Power Entity 10-Nov-23 Maintain AA- A1 Stable -
450 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 08-Nov-23 Maintain A+ A1 Stable -
451 Jubilee General Insurance Company Limited
Press Release | Report | History
General Insurance IFS 03-Nov-23 Maintain AA++ (ifs) Stable -
452 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Steel Entity 01-Nov-23 Maintain BBB- A3 Developing -
453 Zahidjee Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 31-Oct-23 Maintain A A1 Stable -
454 Orient Rental Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 27-Oct-23 Maintain A- A2 Stable -
455 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 27-Oct-23 Maintain BMR2 Stable -
456 Islamabad Farms
Press Release | Report | History
Poultry Entity 27-Oct-23 Maintain BBB- A3 Stable -
457 ABL Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 26-Oct-23 Maintain AM1 Stable -
458 Pharmagen Limited
Press Release | Report | History
Pharmaceuticals Entity 25-Oct-23 Maintain A- A2 Stable -
459 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
460 Thar Energy Limited
Press Release | Report | History
Power Entity 25-Oct-23 Upgrade AA- A1 Stable -
461 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Rice Entity 24-Oct-23 Initial A- A2 Stable -
462 Stylers International Limited
Press Release | Report | History
Composite and Garments Entity 23-Oct-23 Maintain A A1 Stable -
463 AGP Limited
Press Release | Report | History
Pharmaceuticals Entity 23-Oct-23 Maintain A+ A1 Stable -
464 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 21-Oct-23 Maintain BBB- A2 Positive -
465 Postal Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 20-Oct-23 Maintain A+ (ifs) Stable -
466 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharmaceuticals Entity 20-Oct-23 Maintain A A1 Stable -
467 Ghandhara Industries Limited
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A+ A1 Stable -
468 Ghandhara Automobiles Limited (formerly known as Ghandhara Nissan Limited)
Press Release | Report | History
Trucks & Buses Entity 20-Oct-23 Maintain A A1 Stable -
469 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Steel Entity 16-Oct-23 Maintain A+ A1 Stable -
470 Hassan Ali Rice Export Company
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB+ A2 Stable -
471 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
472 Awami Agro Commodities
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain BBB A2 Stable -
473 Engro Eximp Agriproducts (Pvt.) Limited
Press Release | Report | History
Rice Entity 13-Oct-23 Maintain A- A2 Stable -
474 Din Energy Limited
Press Release | Report | History
Power Entity 13-Oct-23 Maintain A A2 Stable -
475 Habib Construction Services Limited
Press Release | Report | History
Construction Entity 12-Oct-23 Maintain BBB+ A2 Stable -
476 Pak Qatar Asset Management Company Limited
Press Release | Report | History
Asset Managers Asset Manager 11-Oct-23 Initial AM2 Stable -
477 A.J. Textile Mills Limited
Press Release | Report | History
Spinning Entity 11-Oct-23 Maintain A- A2 Stable -
478 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Rice Entity 10-Oct-23 Maintain BBB+ A2 Stable -
479 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Construction Entity 10-Oct-23 Maintain BBB A2 Stable Yes
480 MCB Investment Management Limited (Formerly: MCB-Arif Habib Savings and Investments Limited)
Press Release | Report | History
Asset Managers Asset Manager 06-Oct-23 Maintain AM1 Stable -
481 PakGen Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Maintain AA A1 Stable -
482 LalPir Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Maintain AA A1 Stable -
483 Gul Ahmed Wind Power Limited
Press Release | Report | History
Power Entity 28-Sep-23 Initial A+ A1 Stable -
484 My Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 27-Sep-23 Maintain BBB+ A2 Stable -
485 Master Wind Energy Limited
Press Release | Report | History
Power Entity 26-Sep-23 Maintain A+ A1 Stable -
486 Thardeep Microfinance Foundation
Press Release | Report | History
Microfinance Entity 26-Sep-23 Downgrade BBB- A3 Stable -
487 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Sep-23 Upgrade BFR 2 Stable -
488 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Sep-23 Maintain BMR2 Stable -
489 Prosperity Weaving Mills Limited
Press Release | Report | History
Weaving Entity 22-Sep-23 Maintain A- A2 Stable -
490 Nishat Power Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1 Stable -
491 First Habib Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 22-Sep-23 Maintain AA+ A1+ Stable -
492 Atlas Power Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1+ Stable -
493 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Power Entity 22-Sep-23 Maintain AA- A1 Stable -
494 Nagina Cotton Mills Limited
Press Release | Report | History
Spinning Entity 22-Sep-23 Maintain A- A2 Stable -
495 Ellcot Spinning Mills Limited
Press Release | Report | History
Spinning Entity 22-Sep-23 Maintain A- A2 Stable -
496 First Punjab Modaraba
Press Release | Report | History
Non-Banking Finance Companies Entity 20-Sep-23 Maintain A- A2 Stable -
497 Service Industries Limited
Press Release | Report | History
Tyres Entity 19-Sep-23 Maintain AA- A1 Stable -
498 Escorts Investment Bank Limited
Press Release | Report | History
Non-Banking Finance Companies Entity 19-Sep-23 Downgrade BBB+ A2 Negative -
499 Trust Securities & Brokerage Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-23 Maintain A- A2 Stable -
500 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Sep-23 Maintain BFR 2 Stable -
501 Dawood Equities Limited
Press Release | Report | History
Brokerage & Securities Entity 19-Sep-23 Maintain A- A2 Stable -
502 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Sep-23 Maintain BMR2+ Stable -
503 Global Marketing Services
Press Release | Report | History
Pharmaceuticals Entity 19-Sep-23 Maintain BBB A2 Stable -
504 Islamabad Feeds (Pvt.) Limited
Press Release | Report | History
Poultry Feed Entity 15-Sep-23 Maintain BBB A2 Stable -
505 U Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 15-Sep-23 Maintain A+ A1 Stable -
506 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Chemical Entity 14-Sep-23 Maintain A- A2 Stable -
507 Pak Oman Asset Management
Press Release | Report | History
Asset Managers Asset Manager 14-Sep-23 Maintain AM3++ Stable -
508 Berger Paints Pakistan Limited
Press Release | Report | History
Chemical Entity 14-Sep-23 Maintain A- A2 Stable -
509 Zafa Pharmaceutical Laboratories (Pvt.) Limited
Press Release | Report | History
Pharmaceuticals Entity 13-Sep-23 Initial A- A2 Stable -
510 Din Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 08-Sep-23 Maintain A- A2 Stable -
511 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Sugar Entity 08-Sep-23 Maintain A- A2 Stable -
512 Fazal Cloth Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Sep-23 Maintain A A1 Stable -
513 Bestway Cement Limited
Press Release | Report | History
Cement Entity 06-Sep-23 Maintain AA- A1+ Stable -
514 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 05-Sep-23 Maintain AA- A1 Stable -
515 Nayatel (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 01-Sep-23 Maintain A A1 Stable -
516 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 01-Sep-23 Maintain A A1 Stable -
517 Martin Dow Limited
Press Release | Report | History
Pharmaceuticals Entity 01-Sep-23 Downgrade A A2 Stable -
518 Alfalah Asset Management Limited (Formerly: Alfalah GHP Investment Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 31-Aug-23 Upgrade AM2++ Stable -
519 Golden Packages (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 29-Aug-23 Maintain BBB A2 Stable -
520 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 28-Aug-23 Maintain A- A2 Stable -
521 Atlas Insurance Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain AA+ (ifs) Stable -
522 Shaheen Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain A+ (ifs) Stable -
523 Lakson Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 25-Aug-23 Maintain AM2+ Stable -
524 Premier Insurance Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Downgrade A (ifs) Stable -
525 Be Energy Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 25-Aug-23 Maintain A+ A1 Stable -
526 Asia Insurance Company Limited
Press Release | Report | History
General Insurance IFS 25-Aug-23 Maintain A++ (ifs) Stable Yes
527 IGI Finex Securities Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 25-Aug-23 Maintain BFR 2+ Stable -
528 IGI Finex Securities Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 25-Aug-23 Maintain BMR2+ Stable -
529 Etimaad Engineering (Pvt.) Limited
Press Release | Report | History
Construction Entity 24-Aug-23 Maintain A- A2 Stable -
530 Tufail Chemical Industries Limited
Press Release | Report | History
Chemical Entity 23-Aug-23 Maintain A- A2 Stable -
531 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 23-Aug-23 Maintain BBB- A2 Stable -
532 Maaksons Engineering Corporation Limited
Press Release | Report | History
Construction Entity 23-Aug-23 Maintain BBB+ A2 Stable -
533 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Coal Mining and Trading Entity 19-Aug-23 Upgrade A- A2 Stable -
534 Packages Convertors Limited
Press Release | Report | History
Paper and Packaging Entity 18-Aug-23 Maintain AA- A1 Stable -
535 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Power Entity 15-Aug-23 Upgrade A+ A1 Stable -
536 AL Habib Asset Management Limited (Formerly: Habib Asset Management Limited)
Press Release | Report | History
Asset Managers Asset Manager 12-Aug-23 Maintain AM2+ Stable -
537 National Transmission & Despatch Company Limited
Press Release | Report | History
Distribution | Electricity Entity 11-Aug-23 Maintain AA+ A1+ Stable -
538 EcoPack Limited
Press Release | Report | History
Paper and Packaging Entity 10-Aug-23 Maintain BBB A2 Stable Yes
539 Pak Suzuki Motor Company Limited
Press Release | Report | History
Passenger Cars Entity 04-Aug-23 Maintain AA- A1 Stable -
540 Mekotex (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 04-Aug-23 Maintain A- A2 Stable -
541 AWT Investments Limited
Press Release | Report | History
Asset Managers Asset Manager 04-Aug-23 Maintain AM3++ Positive -
542 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Technology Entity 01-Aug-23 Maintain A- A2 Stable -
543 Ghandhara Tyre & Rubber Company Limited (formerly known as The General Tyre and Rubber Company of Pakistan Limited)
Press Release | Report | History
Tyres Entity 01-Aug-23 Maintain A+ A1 Stable Yes
544 Fauji Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 27-Jul-23 Maintain AA+ A1+ Stable -
545 Engro Fertilizers Limited
Press Release | Report | History
Fertilizer Entity 27-Jul-23 Maintain AA A1+ Stable -
546 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 27-Jul-23 Maintain AA A1+ Stable -
547 The Universal Insurance Company Limited
Press Release | Report | History
General Insurance IFS 27-Jul-23 Maintain A (ifs) Stable -
548 Apna Microfinance Bank Limited
Press Release | Report | History
Microfinance Entity 27-Jul-23 Downgrade BBB- A4 Negative Yes
549 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Composite and Garments Entity 27-Jul-23 Maintain A A2 Stable -
550 Pakistan Oxygen Limited
Press Release | Report | History
Industrial Gases Entity 25-Jul-23 Maintain A A1 Stable -
551 Fatima Fertilizer Company Limited
Press Release | Report | History
Fertilizer Entity 24-Jul-23 Maintain AA+ A1+ Stable -
552 Huaneng Shandong Ruyi (Pakistan) Energy (Pvt.) Limited
Press Release | Report | History
Power Entity 21-Jul-23 Maintain AA+ A1+ Stable -
553 Medipak Limited
Press Release | Report | History
Pharmaceuticals Entity 20-Jul-23 Initial BBB+ A2 Stable -
554 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Towel Entity 20-Jul-23 Maintain BBB A2 Positive -
555 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 19-Jul-23 Maintain BFR 2+ Stable -
556 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 19-Jul-23 Maintain BMR2+ Stable -
557 Sindh Engro Coal Mining Company
Press Release | Report | History
Coal Mining and Trading Entity 19-Jul-23 Maintain AA A1+ Stable -
558 State Life Insurance Corporation of Pakistan
Press Release | Report | History
Life Insurance IFS 18-Jul-23 Maintain AAA (ifs) Stable -
559 National Rural Support Programme
Press Release | Report | History
Microfinance Entity 17-Jul-23 Initial A- A2 Stable -
560 Steelex (Pvt.) Limited
Press Release | Report | History
Steel Entity 14-Jul-23 Maintain BBB- A2 Stable -
561 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Spinning Entity 14-Jul-23 Initial A- A2 Stable -
562 Diamond Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 14-Jul-23 Maintain A- A2 Stable -
563 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain A+ A1 Stable -
564 Engro Polymer & Chemicals Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain AA A1+ Stable -
565 Nimir Resins Limited
Press Release | Report | History
Chemical Entity 14-Jul-23 Maintain A- A2 Stable -
566 Askari Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 07-Jul-23 Maintain A (ifs) Stable -
567 Liberty Mills Limited
Press Release | Report | History
Composite and Garments Entity 07-Jul-23 Maintain A+ A1 Stable -
568 Samba Bank Limited
Press Release | Report | History
Commercial Banks Entity 06-Jul-23 Initial AA A1 Stable -
569 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Machinery Entity 06-Jul-23 Initial A- A2 Stable -
570 Pak Elektron Limited
Press Release | Report | History
Household Appliances Entity 04-Jul-23 Maintain A+ A1 Stable -
571 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Distribution | Gas Entity 04-Jul-23 Maintain AA- A1 Stable -
572 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Steel Entity 03-Jul-23 Maintain BBB A2 Stable -
573 GuarantCo Limited
Press Release | Report | History
Credit Guarantee Institutions Entity 27-Jun-23 Maintain AAA A1+ Stable -
574 Bank of Khyber
Press Release | Report | History
Commercial Banks Entity 27-Jun-23 Maintain A+ A1 Stable -
575 First Women Bank Limited
Press Release | Report | History
Commercial Banks Entity 27-Jun-23 Maintain A- A2 Developing Yes
576 Tata Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-23 Maintain A A1 Stable -
577 Saif Textile Mills Limited
Press Release | Report | History
Spinning Entity 27-Jun-23 Maintain A- A2 Stable Yes
578 AKD Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 27-Jun-23 Maintain AM3++ Positive -
579 JS Investments Limited | RMR
Press Release | Report | History
Real Estate REIT Manager Rating 27-Jun-23 Maintain RM 3 Stable -
580 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Tyres Entity 27-Jun-23 Initial A- A2 Stable -
581 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Telecommunication Entity 27-Jun-23 Maintain BBB A2 Stable -
582 The Bank of Punjab
Press Release | Report | History
Commercial Banks Entity 26-Jun-23 Maintain AA+ A1+ Stable -
583 Pakistan Kuwait Investment Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 26-Jun-23 Maintain AAA A1+ Stable -
584 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Distribution | Gas Entity 26-Jun-23 Initial AA A1+ Stable -
585 Kohat Textile Mills Limited
Press Release | Report | History
Spinning Entity 26-Jun-23 Maintain A- A2 Stable -
586 IGI Life Insurance Company
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
587 Pak-Qatar Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
588 TPL Life Insurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A (ifs) Stable -
589 Adamjee Life Assurance Company Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A++ (ifs) Stable -
590 Dawood Family Takaful Limited
Press Release | Report | History
Life Insurance IFS 26-Jun-23 Maintain A+ (ifs) Stable -
591 Yunus Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 26-Jun-23 Maintain AA- A1+ Stable -
592 Pak-Libya Holding Company (Pvt.) Limited
Press Release | Report | History
DFIs Entity 24-Jun-23 Maintain AA- A1+ Positive -
593 BankIslami Pakistan Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-23 Upgrade AA- A1 Stable -
594 Bank Alfalah Limited
Press Release | Report | History
Commercial Banks Entity 24-Jun-23 Maintain AA+ A1+ Stable -
595 Al Meezan Investment Management Limited
Press Release | Report | History
Asset Managers Asset Manager 23-Jun-23 Maintain AM1 Stable -
596 Bank AL Habib Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AAA A1+ Stable -
597 Askari Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AA+ A1+ Stable -
598 Soneri Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AA- A1+ Stable -
599 Siddiqsons Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A1 Stable -
600 Faysal Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AA A1+ Stable -
601 MCB Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AAA A1+ Stable -
602 Habib Metropolitan Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AA+ A1+ Stable -
603 National Bank of Pakistan
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AAA A1+ Stable -
604 Standard Chartered Bank (Pakistan) Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AAA A1+ Stable -
605 Allied Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain AAA A1+ Stable -
606 MCB Islamic Bank Limited
Press Release | Report | History
Commercial Banks Entity 23-Jun-23 Maintain A A1 Stable -
607 PAIR Investment Company Limited
Press Release | Report | History
DFIs Entity 23-Jun-23 Maintain AA A1+ Stable -
608 Pakistan Microfinance Investment Company Limited
Press Release | Report | History
DFIs Entity 23-Jun-23 Maintain AA A1+ Stable Yes
609 Mahmood Textile Mills Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A2 Stable -
610 Roomi Fabrics Limited
Press Release | Report | History
Composite and Garments Entity 23-Jun-23 Maintain A- A2 Stable -
611 Dawood Hercules Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA A1+ Stable -
612 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 23-Jun-23 Maintain BFR 2 Stable -
613 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Brokerage & Securities Broker Management 23-Jun-23 Maintain BMR2 Stable -
614 E-Vision Manufacturing Limited
Press Release | Report | History
Polyester Entity 23-Jun-23 Maintain BBB A2 Positive -
615 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 23-Jun-23 Maintain AA+ A1+ Stable -
616 ACT Wind (Pvt.) Limited
Press Release | Report | History
Power Entity 23-Jun-23 Maintain A+ A1 Stable -
617 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Paper and Packaging Entity 23-Jun-23 Maintain BB A3 Stable -
618 NBP Fund Management Limited
Press Release | Report | History
Asset Managers Asset Manager 22-Jun-23 Maintain AM1 Stable -
619 VMS Trading Company
Press Release | Report | History
Rice Entity 22-Jun-23 Initial BBB A2 Stable -
620 Narowal Energy Limited
Press Release | Report | History
Power Entity 22-Jun-23 Maintain AA- A1+ Stable -
621 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Rice Entity 22-Jun-23 Maintain A- A2 Stable -
622 K-Electric Limited
Press Release | Report | History
Distribution | Electricity Entity 21-Jun-23 Maintain AA A1+ Stable Yes
623 The Hub Power Company Limited
Press Release | Report | History
Power Entity 21-Jun-23 Maintain AA+ A1+ Stable -
624 Aslam Energy (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 16-Jun-23 Maintain BBB+ A2 Stable -
625 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
POL Distribution - OMCs & Dealers Entity 16-Jun-23 Maintain BBB+ A2 Stable -
626 Alfalah Insurance Company Limited
Press Release | Report | History
General Insurance IFS 16-Jun-23 Maintain AA+ (ifs) Stable -
627 Packages Limited
Press Release | Report | History
Holding Company Entity 16-Jun-23 Upgrade AA+ A1+ Stable -
628 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Brokerage & Securities BFR 14-Jun-23 Maintain BFR 3 Stable -
Complaints
Ms. Iram Tahir | Compliance Officer

+92 42 3586 9504-6 | compliance@pacra.com

DISCLAIMER
In case your complaint has not been properly redressed by us, you may lodge your complaint with SECP.