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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 NBP Financial Sector Income Plus Fund
Press Release | Report | History
Capital Markets Stability Rating 29-Oct-26 Maintain A+(f) Stable -
2 NBP Islamic Money Market Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Oct-26 Initial AA+(f) Stable -
3 NBP Savings Plus Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Oct-26 Initial A+(f) Stable -
4 Habib Metropolitan Financial Services Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 23-Oct-26 Maintain BMR2 Stable -
5 ABL Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
6 ABL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Upgrade AAA(f) Stable -
7 ABL Financial Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
8 ABL Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA-(f) Stable -
9 ABL Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
10 ABL Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA+(f) Stable Yes
11 ABL Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA(f) Stable -
12 ABL Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA+(f) Stable -
13 ABL Asset Management Company Limited
Press Release | Report | History
Capital Markets Asset Manager 21-Oct-26 Maintain AM1 Stable -
14 AL Habib Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Oct-26 Initial AAA(f) Stable -
15 Pak Qatar Asset Management Company Limited
Press Release | Report | History
Capital Markets Asset Manager 09-Oct-26 Maintain AM2+ Stable -
16 Lucky Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Oct-26 Maintain AA(f) Stable -
17 MCB Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Oct-26 Maintain AA+(f) Stable -
18 NBP Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
19 NBP Riba Free Saving Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
20 NBP Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
21 NBP Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
22 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
23 NBP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
24 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
25 NBP Income Opportunity Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
26 NBP Government Securities Plan - IV
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
27 NBP Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
28 NBP Government Securities Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AAA(f) Stable -
29 NBP Government Securities Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
30 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA+(f) Stable -
31 NBP Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
32 MCB Investment Management Limited
Press Release | Report | History
Capital Markets Asset Manager 01-Oct-26 Maintain AM1 Stable -
33 UBL Financial Services (Pvt.) Limited - BFR
Press Release | Report | History
Capital Markets BFR 01-Oct-26 Maintain BFR 2 Stable -
34 Alhamra Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 01-Oct-26 Initial AA(f) Stable -
35 NBP Islamic Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 30-Sep-26 Same 3-Star -
36 NBP Sarmaya Izafa Fund
Press Release | Report | History
Capital Markets Performance Ranking 30-Sep-26 Same 4-Star -
37 Optimus Capital Management (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 25-Sep-26 Maintain BFR 2 Stable -
38 Optimus Capital Management (Pvt.) Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 25-Sep-26 Maintain BMR2 Stable -
39 NBP Balanced Fund
Press Release | Report | History
Capital Markets Performance Ranking 22-Sep-26 Same 3-Star -
40 NBP Islamic Sarmaya Izafa Fund
Press Release | Report | History
Capital Markets Performance Ranking 22-Sep-26 Same 3-Star -
41 NBP Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 22-Sep-26 Same 4-Star -
42 Alfalah GHP Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA+(f) Stable -
43 Alfalah GHP Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA-(f) Stable -
44 Dawood Equities Limited | BFR
Press Release | Report | History
Capital Markets BFR 18-Sep-26 Maintain BFR 3+ Stable -
45 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain A+(f) Stable -
46 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA-(f) Stable -
47 Alfalah GHP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA+(f) Stable -
48 Alfalah Islamic Amdani Fund (Formerly: Alfalah Islamic Rozana Amdani Fund)
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA(f) Stable -
49 Trust Securities & Brokerage Limited | BFR
Press Release | Report | History
Capital Markets BFR 18-Sep-26 Maintain BFR 2 Stable -
50 Trust Securities & Brokerage Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 18-Sep-26 Maintain BMR2+ Stable -
51 786 Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA(f) Stable -
52 Alfalah GHP Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Sep-26 Maintain AA(f) Stable -
53 AL Habib Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
54 AL Habib Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA+(f) Stable -
55 AL Habib Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
56 AL Habib Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
57 Pakistan Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Stable -
58 Pakistan Income Enhancement Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable -
59 Pakistan Cash Management Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable -
60 MCB Pakistan Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
61 MCB DCF Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
62 MCB Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable -
63 Alhamra Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Stable -
64 Alhamra Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
65 Askari High Yield Scheme
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A(f) Stable -
66 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable Yes
67 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable -
68 Mahaana Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable Yes
69 Pak Oman Asset Management Company Limited
Press Release | Report | History
Capital Markets Asset Manager 11-Sep-26 Downgrade AM4++ Developing -
70 Pak Oman Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Negative Yes
71 Alhamra Islamic Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 08-Sep-26 Initial AA-(f) Stable -
72 MCB Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 08-Sep-26 Initial AA+(f) Stable -
73 UBL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Sep-26 Maintain AAA(f) Stable -
74 AKD Islamic Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 31-Aug-26 Improved 3-Star -
75 AKD Opportunity Fund
Press Release | Report | History
Capital Markets Performance Ranking 31-Aug-26 Same 3-Star -
76 Golden Arrow Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 31-Aug-26 Same 3-Star -
77 Alfalah Asset Management Limited
Press Release | Report | History
Capital Markets Asset Manager 28-Aug-26 Maintain AM1 Stable -
78 JS Islamic Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 25-Aug-26 Initial AA+(f) Stable -
79 First Capital Mutual Fund
Press Release | Report | History
Capital Markets Performance Ranking 25-Aug-26 Same 3-Star -
80 NBP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 25-Aug-26 Upgrade AA+(f) Stable -
81 Pak Qatar Islamic Stock Fund
Press Release | Report | History
Capital Markets Performance Ranking 24-Aug-26 Initial 1-Star -
82 Lakson Investments Limited
Press Release | Report | History
Capital Markets Asset Manager 24-Aug-26 Upgrade AM2++ Stable -
83 IGI Finex Securities Limited | BFR
Press Release | Report | History
Capital Markets BFR 21-Aug-26 Maintain BFR 2+ Stable -
84 IGI Finex Securities Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 21-Aug-26 Maintain BMR2+ Stable -
85 Faysal Islamic Asset Allocation Fund
Press Release | Report | History
Capital Markets Performance Ranking 19-Aug-26 Same 4-Star -
86 JS Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Aug-26 Maintain AAA(f) Stable -
87 AL Habib Asset Management Limited
Press Release | Report | History
Capital Markets Asset Manager 12-Aug-26 Maintain AM1 Stable -
88 Lucky Investments Limited
Press Release | Report | History
Capital Markets Asset Manager 07-Aug-26 Upgrade AM1 Stable -
89 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Capital Markets Stability Rating 05-Aug-26 Maintain AA+(f) Stable Yes
90 AWT Investments Limited
Press Release | Report | History
Capital Markets Asset Manager 31-Jul-26 Upgrade AM2++ Stable -
91 NBP Money Market Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Jul-26 Initial AA(f) Stable -
92 ABL Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Jul-26 Maintain AA(f) Stable -
93 NBP Fixed Term Munafa Plan - XIVB under NBP Mustahkam Fund-II
Press Release | Report | History
Capital Markets Stability Rating 21-Jul-26 Initial AA+(f) Stable -
94 AL Habib Capital Markets (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 17-Jul-26 Maintain BFR 2+ Stable -
95 AL Habib Capital Markets (Pvt.) Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 17-Jul-26 Maintain BMR2+ Stable -
96 JS Fixed Term Munafa Fund II
Press Release | Report | History
Capital Markets Stability Rating 17-Jul-26 Maintain AAA(f) Stable -
97 AL Haq Securities (Pvt.) Limited - BFR
Press Release | Report | History
Capital Markets BFR 17-Jul-26 Maintain BFR 3 Stable -
98 Faysal Halal Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Jul-26 Maintain AA(f) Stable -
99 SIA Equities (Pvt.) Limited - BFR
Press Release | Report | History
Capital Markets BFR 14-Jul-26 Initial BFR 4+ Stable -
100 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA-(f) Stable -
101 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA(f) Stable -
102 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA(f) Stable -
103 NIT Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AAA(f) Stable -
104 NIT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA-(f) Stable -
105 NIT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA-(f) Stable -
106 NIT Government Bond Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA(f) Stable -
107 Arif Latif Securities (Pvt.) Limited - BFR
Press Release | Report | History
Capital Markets BFR 10-Jul-26 Initial BFR 3 Stable -
108 786 Smart Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Jul-26 Maintain AA-(f) Stable -
109 Indus DC REIT Scheme
Press Release | Report | History
Infrastructure REIT Fund Rating 06-Jul-26 Preliminary RFR 3 Stable -
110 Lakson Income Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain A+(f) Stable -
111 Lakson Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain AA(f) Stable -
112 Lakson Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain AA+(f) Stable -
113 AWT Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Jun-26 Maintain AA+(f) Stable -
114 AWT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Jun-26 Maintain A+(f) Stable -
115 Alfalah Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain A+(f) Stable -
116 Alfalah Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain AA(f) Stable -
117 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain AA+(f) Stable -
118 Pak Oman Micro Finance Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Jun-26 Maintain A-(f) Stable -
119 Abbasi and Company (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 19-Jun-26 Maintain BFR 2 Stable -
120 Abbasi and Company (Pvt.) Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 19-Jun-26 Maintain BMR2 Stable -
121 Alhamra Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
122 Lucky Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
123 Lucky Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA+(f) Stable -
124 MCB Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
125 Alhamra Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
126 AKD Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain AA+(f) Stable -
127 AKD Aggressive Income Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain A+(f) Stable -
128 AKD Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain AA-(f) Stable -
129 AKD Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain AA(f) Stable -
130 Atlas Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain AA(f) Stable -
131 AHM Securities (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 12-Jun-26 Maintain BFR 3 Stable -
132 ABL Special Saving Fund
Press Release | Report | History
Capital Markets Capital Preservation Rating 29-May-26 Same CP2+ Stable -
133 AL Habib Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 25-May-26 Maintain AAA(f) Stable -
134 Faysal Islamic Special Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-May-26 Maintain AA(f) Stable -
135 National Investment Trust Limited
Press Release | Report | History
Capital Markets Asset Manager 22-May-26 Maintain AM1 Stable -
136 Al Ameen Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-May-26 Maintain AA(f) Stable -
137 Ismail Iqbal Securities (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 20-May-26 Maintain BFR 3+ Stable -
138 Habib Metropolitan Financial Services Limited | BFR
Press Release | Report | History
Capital Markets BFR 15-May-26 Maintain BFR 3+ Stable -
139 Al Meezan Investment Management Limited
Press Release | Report | History
Capital Markets Asset Manager 15-May-26 Maintain AM1 Stable -
140 Atlas Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
141 Atlas Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
142 Atlas Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA(f) Stable -
143 Atlas Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA+(f) Stable -
144 Atlas Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA+(f) Stable -
145 Atlas Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
146 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Banks Social Impact and Performance Rating 15-May-26 Maintain SIP3 Stable -
147 Adam Securities Limited - BFR
Press Release | Report | History
Capital Markets BFR 11-May-26 Initial BFR 2 Stable -
148 KTRADE Securities Limited | BFR
Press Release | Report | History
Capital Markets BFR 08-May-26 Maintain BFR 2 Positive -
149 AKD Investment Management Limited
Press Release | Report | History
Capital Markets Asset Manager 07-May-26 Maintain AM2 Stable -
150 NBP Fund Management Limited
Press Release | Report | History
Capital Markets Asset Manager 05-May-26 Maintain AM1 Stable -
151 JS Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA+(f) Stable -
152 JS Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA+(f) Stable -
153 JS Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA(f) Stable -
154 JS Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA(f) Stable -
155 JS Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain A+(f) Stable -
156 JS Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain AA-(f) Stable -
157 JS Microfinance Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 04-May-26 Maintain A(f) Stable -
158 BMA Islamic Noor Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Apr-26 Initial AA(f) Stable -
159 BMA Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Apr-26 Initial AA+(f) Stable -
160 First Capital Investments Limited
Press Release | Report | History
Capital Markets Asset Manager 03-Apr-26 Maintain AM4++ Stable -
161 Dr. Arslan Razaque Securities (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 19-Mar-26 Maintain BFR 3 Stable -
162 ASA Microfinance Bank (Pakistan) Limited
Press Release | Report | History
Banks Social Impact and Performance Rating 17-Mar-26 Maintain SIP2 Positive -
163 Aba Ali Habib Securities (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 12-Mar-26 Maintain BFR 2 Stable -
164 Zafar Securities (Pvt.) Limited | BFR
Press Release | Report | History
Capital Markets BFR 06-Mar-26 Maintain BFR 3+ Stable -
165 WE Financial Services Limited
Press Release | Report | History
Capital Markets BFR 12-Feb-26 Initial BFR 3 Positive -
166 JS Investments Limited | RMR
Press Release | Report | History
Infrastructure REIT Manager Rating 08-Jan-26 Upgrade RM 3+ Stable -
167 Mukab REIT Management Company Limited
Press Release | Report | History
Infrastructure REIT Manager Rating 07-Jan-26 Initial RM 4 Stable -
168 JS Rental REIT
Press Release | Report | History
Infrastructure Rental REIT Fund 02-Jan-26 Maintain A+(rr) Positive -
169 A.U.A Securities (Pvt.) Limited - BFR
Press Release | Report | History
Capital Markets BFR 31-Dec-25 Initial BFR 4 Stable -
170 TPL REIT Management Company Limited
Press Release | Report | History
Infrastructure REIT Manager Rating 23-Dec-25 Maintain RM 3+ Stable Yes
171 TPL REIT Fund I
Press Release | Report | History
Infrastructure REIT Fund Rating 23-Dec-25 Maintain RFR 3+ Developing Yes
172 Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited) | BMR
Press Release | Report | History
Capital Markets Broker Management 19-Dec-25 Maintain BMR2+ Stable -
173 Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited) | BFR
Press Release | Report | History
Capital Markets BFR 19-Dec-25 Maintain BFR 2+ Stable -
174 JS Global Capital Limited | BFR
Press Release | Report | History
Capital Markets BFR 12-Dec-25 Maintain BFR 1 Stable -
175 JS Global Capital Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 12-Dec-25 Maintain BMR1 Stable -
176 Arif Habib Limited | BFR
Press Release | Report | History
Capital Markets BFR 12-Dec-25 Maintain BFR 1 Stable -
177 Arif Habib Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 12-Dec-25 Maintain BMR1 Stable -
178 Rural Community Development Programmes
Press Release | Report | History
Banks Social Impact and Performance Rating 12-Dec-25 Maintain SIP3++ Positive -
179 IMM Project One Development REIT Scheme
Press Release | Report | History
Infrastructure REIT Fund Rating 04-Dec-25 Preliminary RFR 3 Stable -
180 Spectrum Securities Limited | BFR
Press Release | Report | History
Capital Markets BFR 21-Nov-25 Maintain BFR 3+ Stable -
181 Spectrum Securities Limited | BMR
Press Release | Report | History
Capital Markets Broker Management 21-Nov-25 Maintain BMR3+ Stable -
182 786 Investments Limited
Press Release | Report | History
Capital Markets Asset Manager 10-Nov-25 Upgrade AM3+ Stable -
183 BMA Investment Advisors Limited (Formerly BMA Asset Management Company Limited)
Press Release | Report | History
Capital Markets Investment Advisor Rating 10-Nov-25 Upgrade AM2++ (ia) Stable -
184 Atlas Asset Management Limited
Press Release | Report | History
Capital Markets Asset Manager 07-Nov-25 Upgrade AM1 Stable -
185 IMM REIT Management Company Limited
Press Release | Report | History
Infrastructure REIT Manager Rating 06-Nov-25 Maintain RM 3 Stable -
186 JS Investments Limited
Press Release | Report | History
Capital Markets Asset Manager 05-Nov-25 Upgrade AM1 Stable -
187 Alfalah Asset Allocation Fund (Formerly: Faysal Asset Allocation Fund)
Press Release | Report | History
Capital Markets Performance Ranking 21-Oct-25 Withdraw - -
188 Alfalah Stock Fund - II (Formerly: Faysal Stock Fund)
Press Release | Report | History
Capital Markets Performance Ranking 21-Oct-25 Withdraw - -
189 Alfalah Special Savings Plan-I (Formerly: Faysal Special Savings Plan - I)
Press Release | Report | History
Capital Markets Capital Preservation Rating 21-Oct-25 Withdraw -
190 UBL Special Savings Plan – II under UBL Special Savings Fund (USSP-II)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
191 UBL Special Savings Plan – III under UBL Special Savings Fund (USSP-III)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
192 UBL Special Savings Plan – IV under UBL Special Savings Fund (USSP-IV)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
193 UBL Special Savings Plan – V under UBL Special Savings Fund (USSP-V)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
194 UBL Special Savings Plan – VI under UBL Special Savings Fund (USSP-VI)
Press Release | Report | History
Capital Markets Capital Preservation Rating 08-Dec-23 Withdraw -
195 NBP Islamic Active Allocation Equity Fund
Press Release | Report | History
Capital Markets Performance Ranking 10-Aug-23 Withdraw -
Complaints
Ms. Iram Tahir | Compliance Officer

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

DISCLAIMER
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