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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 US Apparel & Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Feb-26 Maintain A+ Stable -
2 Jadeed Feeds Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 20-Feb-26 Maintain A- Stable -
3 Alhamd Corporation (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Feb-26 Maintain A- Stable -
4 Hyundai Nishat Motor (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 20-Feb-26 Maintain A+ Stable -
5 Fecto Cement Limited
Press Release | Report | History
Infrastructure Entity 20-Feb-26 Maintain A- Stable -
6 Select Technologies (Pvt.) Limited
Press Release | Report | History
Distributors Entity 20-Feb-26 Maintain A Stable -
7 Descon Engineering Limited
Press Release | Report | History
Infrastructure Entity 18-Feb-26 Maintain AA- Positive -
8 Liberty Wind Power 2 Limited
Press Release | Report | History
Energy Entity 18-Feb-26 Maintain A Stable -
9 Liberty Wind Power 1 Limited
Press Release | Report | History
Energy Entity 18-Feb-26 Maintain A Stable -
10 Jinn Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Feb-26 Maintain BBB+ Stable -
11 Sindh Abadgars Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 13-Feb-26 Maintain BBB Positive -
12 Maqbool Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 13-Feb-26 Downgrade BBB- Stable -
13 Nishat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 13-Feb-26 Maintain A Stable -
14 Gul Ahmed Electric Limited
Press Release | Report | History
Energy Entity 13-Feb-26 Maintain A Stable -
15 Ahmed Fine Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 12-Feb-26 Maintain A Stable -
16 Gharibwal Cement Limited
Press Release | Report | History
Infrastructure Entity 12-Feb-26 Maintain A Stable -
17 K.K. Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 12-Feb-26 Upgrade BBB+ Stable -
18 Shams Power Limited
Press Release | Report | History
Energy Entity 10-Feb-26 Initial A- Stable -
19 Mehmooda Maqbool Mills Limited
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain BBB+ Stable -
20 Denim-E (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 06-Feb-26 Maintain BBB- Positive -
21 Eva Foods (Pvt.) Ltd (formerly: Shujabad Agro Industries (Pvt.) Limited)
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain A- Stable -
22 Jadeed Oil Extraction (Private) Limited
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain BBB- Positive -
23 Punjab Oil Mills Limited
Press Release | Report | History
Food and Allied Entity 06-Feb-26 Maintain BBB+ Stable -
24 Ibrahim Fibres Limited
Press Release | Report | History
Textile & Allied Entity 06-Feb-26 Maintain AA Stable -
25 Jasons Commodities
Press Release | Report | History
Agriculture & Allied Entity 30-Jan-26 Maintain BBB Stable -
26 Sitara Heights (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 29-Jan-26 Maintain A- Stable -
27 Energy Infrastructure Holding (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 23-Jan-26 Maintain A- Stable -
28 Ali Embroidery Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 23-Jan-26 Maintain BBB Stable -
29 Latif Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Jan-26 Maintain BBB- Positive -
30 Zahir Khan & Brothers
Press Release | Report | History
Infrastructure Entity 21-Jan-26 Maintain A Stable -
31 Techno Time Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 21-Jan-26 Maintain BBB+ Stable -
32 Al-Khair Rice Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Jan-26 Upgrade BBB+ Stable -
33 Dynamic Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Jan-26 Upgrade BBB+ Stable -
34 University of Management and Technology
Press Release | Report | History
Consumers Goods & Services Entity 15-Jan-26 Upgrade A Stable -
35 Loads Limited
Press Release | Report | History
Auto and Allied Entity 15-Jan-26 Maintain A Stable -
36 Tourism Promotion Services (Pakistan) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jan-26 Maintain AA Stable -
37 Kohat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 12-Jan-26 Maintain A+ Stable -
38 Oursun Pakistan Limited
Press Release | Report | History
Energy Entity 09-Jan-26 Maintain A+ Stable -
39 Polaris Danah Natural Resource Development (Pvt.) Limited
Press Release | Report | History
Energy Entity 08-Jan-26 Maintain BB Stable -
40 Mari Energies Limited
Press Release | Report | History
Energy Entity 08-Jan-26 Maintain AAA Stable -
41 Sabirs' Vegetable Oils (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Jan-26 Upgrade BBB+ Stable -
42 Multi Resin Industries
Press Release | Report | History
Pharma and Chemicals Entity 02-Jan-26 Maintain BBB- Stable -
43 Foundation Power Company Daharki Limited
Press Release | Report | History
Energy Entity 02-Jan-26 Maintain AA- Stable -
44 Jhulay Lal Parboiled Rice Mill
Press Release | Report | History
Agriculture & Allied Entity 31-Dec-25 Maintain BBB Stable -
45 Khadija Edible Oil Refinery (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 31-Dec-25 Maintain A- Stable -
46 Kassim Textiles (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 30-Dec-25 Maintain A- Stable -
47 ACT2 Din Wind (Pvt) Limited ( formerly: ACT2 Wind (Pvt.) Limited )
Press Release | Report | History
Energy Entity 29-Dec-25 Maintain A- Stable -
48 Ahmad Hassan Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 27-Dec-25 Maintain BBB+ Stable -
49 Attock Petroleum Limited
Press Release | Report | History
Energy Entity 26-Dec-25 Initial AA Stable -
50 Interwood Mobel (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 26-Dec-25 Maintain A- Stable -
51 DEL Engineering Domestic (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 26-Dec-25 Maintain AA- Stable -
52 Meko Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 26-Dec-25 Maintain BBB+ Positive -
53 Dr. Ziauddin Hospital Trust
Press Release | Report | History
Consumers Goods & Services Entity 26-Dec-25 Maintain A- Stable -
54 Allah Tawaqal Metals (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Dec-25 Maintain BB+ Stable -
55 China Power Hub Generation Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Dec-25 Maintain AA+ Stable -
56 Matracon Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 26-Dec-25 Upgrade BBB+ Stable -
57 Cherat Cement Company Limited
Press Release | Report | History
Infrastructure Entity 26-Dec-25 Maintain A+ Stable -
58 Service Global Footwear Limited
Press Release | Report | History
Consumers Goods & Services Entity 24-Dec-25 Maintain A+ Stable -
59 Al Rahim Textile Industries Limited
Press Release | Report | History
Textile & Allied Entity 24-Dec-25 Maintain A Stable -
60 Cherat Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Dec-25 Maintain A Positive -
61 Siddiqsons Tinplate Limited
Press Release | Report | History
Consumers Goods & Services Entity 23-Dec-25 Maintain A- Developing -
62 Inverex Power Solution
Press Release | Report | History
Energy Entity 20-Dec-25 Initial BBB Stable -
63 Reliance Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Dec-25 Maintain A Stable -
64 United Ethanol Industries Limited
Press Release | Report | History
Agriculture & Allied Entity 19-Dec-25 Maintain A- Stable -
65 EXIDE Pakistan Limited
Press Release | Report | History
Auto and Allied Entity 19-Dec-25 Maintain BBB+ Stable -
66 Tariq Glass Industries Limited
Press Release | Report | History
Infrastructure Entity 19-Dec-25 Maintain A+ Stable -
67 TPL Trakker Limited
Press Release | Report | History
Logistics Entity 19-Dec-25 Maintain A- Developing -
68 Advance Telecom (Pvt.) Limited
Press Release | Report | History
Distributors Entity 19-Dec-25 Maintain A- Stable -
69 Azhar Corporation (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 18-Dec-25 Maintain BBB+ Stable -
70 PARCO Gunvor Limited
Press Release | Report | History
Energy Entity 17-Dec-25 Maintain AAA Stable -
71 Pakistan National Shipping Corporation
Press Release | Report | History
Logistics Entity 16-Dec-25 Upgrade AA+ Stable -
72 MACPAC Films Limited
Press Release | Report | History
Consumers Goods & Services Entity 16-Dec-25 Maintain BBB+ Stable -
73 Pharmatec Pakistan (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Dec-25 Maintain A- Stable -
74 Sapphire Retail Limited
Press Release | Report | History
Textile & Allied Entity 12-Dec-25 Maintain A Stable -
75 Mega Conglomerate (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 12-Dec-25 Maintain AA- Stable -
76 IGI Holdings Limited
Press Release | Report | History
Holding Company Entity 12-Dec-25 Maintain AA Stable -
77 Sui Southern Gas Company Limited
Press Release | Report | History
Energy Entity 12-Dec-25 Maintain AA- Stable -
78 Orient Petroleum Inc. (Pakistan Branch)
Press Release | Report | History
Energy Entity 11-Dec-25 Upgrade A Stable -
79 Daewoo Pakistan Express Bus Service Limited
Press Release | Report | History
Auto and Allied Entity 11-Dec-25 Upgrade A Stable -
80 EcoPack Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Dec-25 Maintain BBB+ Stable -
81 Pak Arab Refinery Limited
Press Release | Report | History
Energy Entity 08-Dec-25 Maintain AAA Stable -
82 Pakistan Oil Mills (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 05-Dec-25 Maintain A- Stable -
83 Ismail Industries Limited
Press Release | Report | History
Food and Allied Entity 05-Dec-25 Maintain AA- Stable -
84 Ghulam Rasool & Company (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 03-Dec-25 Maintain A- Stable -
85 Mughal Energy Limited
Press Release | Report | History
Energy Entity 01-Dec-25 Maintain A Developing -
86 Sayban International
Press Release | Report | History
Agriculture & Allied Entity 28-Nov-25 Maintain BBB- Stable Yes
87 Tandlianwala Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 28-Nov-25 Maintain A Stable -
88 Starch Pack (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 26-Nov-25 Maintain A Stable -
89 East Gate Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 25-Nov-25 Initial A Stable -
90 DIC Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Nov-25 Maintain AA- Stable -
91 Be Be Jan Pakistan Limited
Press Release | Report | History
Textile & Allied Entity 21-Nov-25 Maintain BBB Stable -
92 Sapphire Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 21-Nov-25 Maintain A Stable -
93 Inbox Business Technologies Limited
Press Release | Report | History
Engineering and Technology Entity 21-Nov-25 Maintain A- Stable -
94 HUM Network Limited
Press Release | Report | History
Communication Entity 21-Nov-25 Maintain AA- Stable -
95 Azgard Nine Limited
Press Release | Report | History
Textile & Allied Entity 21-Nov-25 Initial BBB Stable -
96 Ghani Global Glass Limited
Press Release | Report | History
Infrastructure Entity 21-Nov-25 Maintain BBB+ Positive -
97 Airlink Communication
Press Release | Report | History
Distributors Entity 21-Nov-25 Maintain A+ Stable -
98 Samad Rubber Works (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 21-Nov-25 Maintain A- Stable -
99 Swat Agro Chemicals
Press Release | Report | History
Agriculture & Allied Entity 19-Nov-25 Maintain BBB Stable -
100 Ahmed Fine Weaving Limited
Press Release | Report | History
Textile & Allied Entity 14-Nov-25 Maintain A- Stable -
101 Sitara Petroleum Service Limited
Press Release | Report | History
Energy Entity 13-Nov-25 Upgrade A Stable -
102 Sapphire Fibres Limited
Press Release | Report | History
Textile & Allied Entity 13-Nov-25 Maintain A+ Stable -
103 Prism Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 11-Nov-25 Maintain A+ Stable -
104 Glamour Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 10-Nov-25 Maintain BBB- Stable -
105 Pakistan Services Limited
Press Release | Report | History
Consumers Goods & Services Entity 08-Nov-25 Maintain B Negative Yes
106 Fazal Holdings (Pvt.) Limited
Press Release | Report | History
Holding Company Entity 07-Nov-25 Maintain A+ Stable -
107 Liberty Power Tech Limited
Press Release | Report | History
Energy Entity 06-Nov-25 Maintain AA- Stable -
108 TPL Corp Limited
Press Release | Report | History
Holding Company Entity 03-Nov-25 Maintain A Developing Yes
109 Service Retail (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Nov-25 Initial A Stable -
110 Zahidjee Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 31-Oct-25 Maintain A Stable -
111 Platinum Steel Mill (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 30-Oct-25 Maintain BBB Stable -
112 KSB Pumps Company Limited
Press Release | Report | History
Engineering and Technology Entity 28-Oct-25 Maintain A+ Stable -
113 Pharmagen Limited
Press Release | Report | History
Pharma and Chemicals Entity 24-Oct-25 Maintain A- Stable -
114 Etihad Alloys (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 24-Oct-25 Maintain BBB- Developing -
115 Service Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 23-Oct-25 Initial A+ Stable -
116 Stylers International Limited
Press Release | Report | History
Textile & Allied Entity 23-Oct-25 Maintain A Stable -
117 ThalNova Power Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 23-Oct-25 Maintain AA- Stable -
118 Thar Energy Limited
Press Release | Report | History
Energy Entity 23-Oct-25 Maintain AA- Stable -
119 AGP Limited
Press Release | Report | History
Pharma and Chemicals Entity 23-Oct-25 Maintain A+ Stable -
120 Guard Agricultural Research and Services (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 23-Oct-25 Maintain A- Stable -
121 Ghani Global Holdings Limited
Press Release | Report | History
Holding Company Entity 21-Oct-25 Maintain A- Stable -
122 CCL Pharmaceuticals (Pvt.) Limited
Press Release | Report | History
Pharma and Chemicals Entity 17-Oct-25 Maintain A Stable -
123 Ghandhara Automobiles Limited
Press Release | Report | History
Auto and Allied Entity 17-Oct-25 Maintain A Stable -
124 Ghandhara Industries Limited
Press Release | Report | History
Auto and Allied Entity 17-Oct-25 Maintain A+ Stable -
125 Mughal Iron & Steel Industries Limited
Press Release | Report | History
Infrastructure Entity 15-Oct-25 Maintain A+ Stable -
126 Secure Logistics Trax Group Limited
Press Release | Report | History
Auto and Allied Entity 13-Oct-25 Maintain A+ Stable -
127 Irfan Noman Brothers (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 10-Oct-25 Maintain BBB+ Stable -
128 Mumtaz Feeds & Allied Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 10-Oct-25 Maintain BBB Stable -
129 Habib Construction Services Limited
Press Release | Report | History
Infrastructure Entity 09-Oct-25 Maintain BBB+ Positive -
130 Din Energy Limited
Press Release | Report | History
Energy Entity 08-Oct-25 Maintain A Stable -
131 A.J. Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Sep-25 Maintain A- Stable -
132 Master Wind Energy Limited
Press Release | Report | History
Energy Entity 26-Sep-25 Maintain A+ Stable -
133 Gul Ahmed Wind Power Limited
Press Release | Report | History
Energy Entity 23-Sep-25 Maintain A+ Stable -
134 Prosperity Weaving Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Sep-25 Maintain A- Stable -
135 Service Industries Limited
Press Release | Report | History
Auto and Allied Entity 19-Sep-25 Maintain AA Stable -
136 Nagina Cotton Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Sep-25 Maintain A- Stable -
137 Ellcot Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 19-Sep-25 Maintain A- Stable -
138 Global Marketing Services
Press Release | Report | History
Pharma and Chemicals Entity 19-Sep-25 Maintain BBB+ Stable -
139 Nishat Power Limited
Press Release | Report | History
Energy Entity 19-Sep-25 Maintain AA- Stable -
140 Trans World Enterprise Services (Pvt.) Limited
Press Release | Report | History
Communication Entity 15-Sep-25 Maintain BBB Stable -
141 Berger Paints Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Sep-25 Maintain A- Stable -
142 Nimir Chemicals Pakistan Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Sep-25 Maintain A- Stable -
143 Engro PowerGen Thar (Pvt.) Limited
Press Release | Report | History
Energy Entity 12-Sep-25 Maintain AA Stable -
144 My Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 11-Sep-25 Maintain BBB+ Stable -
145 Din Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Sep-25 Maintain A- Stable -
146 Fazal Cloth Mills Limited
Press Release | Report | History
Textile & Allied Entity 05-Sep-25 Maintain A Stable -
147 Premier Industrial Chemical MFG. Co. (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 05-Sep-25 Maintain A- Stable -
148 Bulleh Shah Packaging (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 05-Sep-25 Maintain AA- Stable Yes
149 Bestway Cement Limited
Press Release | Report | History
Infrastructure Entity 03-Sep-25 Maintain AA- Stable -
150 Infralectric (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 29-Aug-25 Initial A- Stable -
151 Golden Packages (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 29-Aug-25 Maintain BBB Stable -
152 Nayatel (Pvt.) Limited
Press Release | Report | History
Communication Entity 29-Aug-25 Maintain A+ Stable -
153 Trans World Associates (Pvt.) Limited
Press Release | Report | History
Communication Entity 29-Aug-25 Maintain A+ Stable -
154 Martin Dow Limited
Press Release | Report | History
Pharma and Chemicals Entity 29-Aug-25 Upgrade A+ Stable -
155 Zarea Limited
Press Release | Report | History
Engineering and Technology Entity 28-Aug-25 Initial A- Stable -
156 Puma Energy Pakistan (Pvt.) Limited
Press Release | Report | History
Energy Entity 28-Aug-25 Maintain A- Stable -
157 Khas Textile Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 22-Aug-25 Maintain BBB- Stable -
158 Multan Electric Power Company Limited
Press Release | Report | History
Energy Entity 22-Aug-25 Upgrade A Positive -
159 Be Energy Limited
Press Release | Report | History
Energy Entity 22-Aug-25 Maintain A+ Stable -
160 Maaksons Engineering Corporation Limited
Press Release | Report | History
Infrastructure Entity 22-Aug-25 Maintain A- Stable -
161 Awan Trading Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 19-Aug-25 Maintain A- Stable -
162 Harappa Solar (Pvt.) Limited
Press Release | Report | History
Energy Entity 15-Aug-25 Maintain A+ Stable -
163 Packages Convertors Limited
Press Release | Report | History
Consumers Goods & Services Entity 15-Aug-25 Maintain AA- Stable -
164 Tufail Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-Aug-25 Maintain A- Stable Yes
165 National Grid Company of Pakistan Limited (formerly: National Transmission & Despatch Company Limited)
Press Release | Report | History
Energy Entity 08-Aug-25 Maintain AA+ Stable Yes
166 Sapphire Dairies (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 07-Aug-25 Maintain A- Stable -
167 Saigal Packages Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 07-Aug-25 Maintain BBB- Stable -
168 MAL Pakistan Limited
Press Release | Report | History
Energy Entity 05-Aug-25 Initial A- Stable -
169 Mekotex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 01-Aug-25 Maintain A- Stable -
170 Ghandhara Tyre & Rubber Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-25 Maintain A+ Stable Yes
171 Pak Suzuki Motor Company Limited
Press Release | Report | History
Auto and Allied Entity 01-Aug-25 Upgrade AA Stable -
172 Jazaa Global (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 30-Jul-25 Upgrade BBB Stable -
173 Pakistan Oxygen Limited
Press Release | Report | History
Pharma and Chemicals Entity 25-Jul-25 Upgrade A+ Stable -
174 Engro Fertilizers Limited
Press Release | Report | History
Agriculture & Allied Entity 25-Jul-25 Maintain AA Stable -
175 Jahangir Siddiqui & Co. Ltd.
Press Release | Report | History
Holding Company Entity 25-Jul-25 Maintain AA Stable -
176 Fauji Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 25-Jul-25 Maintain AA+ Stable -
177 Sarena Textile Industries (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 25-Jul-25 Maintain A Stable -
178 Fatima Fertilizer Company Limited
Press Release | Report | History
Agriculture & Allied Entity 24-Jul-25 Maintain AA+ Stable -
179 Reon Energy Limited
Press Release | Report | History
Energy Entity 18-Jul-25 Initial A Stable -
180 Sindh Engro Coal Mining Company
Press Release | Report | History
Energy Entity 18-Jul-25 Maintain AA Stable -
181 M.Y. Bari Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 18-Jul-25 Maintain BBB+ Stable -
182 Medipak Limited
Press Release | Report | History
Pharma and Chemicals Entity 18-Jul-25 Maintain BBB+ Positive -
183 Lumen Energia (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Jul-25 Initial BBB- Stable -
184 DHA Energy Supply Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 17-Jul-25 Initial A Stable -
185 Avanceon Limited
Press Release | Report | History
Engineering and Technology Entity 14-Jul-25 Initial A Stable -
186 Hoora Pharma (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 11-Jul-25 Initial BBB Stable -
187 Faisalabad Electric Supply Company Limited
Press Release | Report | History
Energy Entity 11-Jul-25 Initial AA- Stable -
188 Diamond Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 11-Jul-25 Maintain A- Stable -
189 Nisar Spinning Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 11-Jul-25 Maintain A- Stable -
190 Steelex (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 11-Jul-25 Maintain BBB Stable -
191 NIMIR Industrial Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 11-Jul-25 Maintain A+ Stable -
192 Nimir Resins Limited
Press Release | Report | History
Pharma and Chemicals Entity 11-Jul-25 Maintain A- Stable -
193 Pak Elektron Limited
Press Release | Report | History
Consumers Goods & Services Entity 09-Jul-25 Maintain A+ Stable -
194 Engro Elengy Terminal (Private) Limited
Press Release | Report | History
Energy Entity 07-Jul-25 Maintain AA- Stable -
195 Engro Polymer & Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 07-Jul-25 Maintain AA Stable -
196 Liberty Mills Limited
Press Release | Report | History
Textile & Allied Entity 04-Jul-25 Maintain A+ Stable -
197 Pakistan Aluminium Beverage Cans Limited
Press Release | Report | History
Consumers Goods & Services Entity 27-Jun-25 Maintain AA- Stable -
198 Service Long March Tyres (Pvt.) Limited
Press Release | Report | History
Auto and Allied Entity 27-Jun-25 Maintain A+ Stable -
199 Orient Energy Systems (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 27-Jun-25 Maintain A- Stable -
200 Yunus Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 26-Jun-25 Maintain AA Stable -
201 PARCO Pearl Gas (Pvt.) Limited
Press Release | Report | History
Energy Entity 26-Jun-25 Maintain AA Stable -
202 Fatima Packaging Limited
Press Release | Report | History
Consumers Goods & Services Entity 25-Jun-25 Initial A Stable -
203 Hashwani Hotels Limited
Press Release | Report | History
Consumers Goods & Services Entity 20-Jun-25 Initial A Stable -
204 Engro Holdings Limited (Formerly Dawood Hercules Corporation Limited)
Press Release | Report | History
Holding Company Entity 20-Jun-25 Maintain AA Stable -
205 Saif Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 20-Jun-25 Maintain A- Stable Yes
206 Roomi Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 20-Jun-25 Maintain A- Stable -
207 Narowal Energy Limited
Press Release | Report | History
Energy Entity 20-Jun-25 Maintain AA- Stable -
208 ACT Wind (Pvt.) Limited
Press Release | Report | History
Energy Entity 20-Jun-25 Maintain A+ Stable -
209 Siddiqsons Limited
Press Release | Report | History
Textile & Allied Entity 20-Jun-25 Maintain A- Stable -
210 Engro Corporation Limited
Press Release | Report | History
Holding Company Entity 19-Jun-25 Maintain AA+ Stable -
211 Jamal Pipe Industries (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 19-Jun-25 Maintain BBB Positive -
212 Multinet Pakistan (Pvt.) Limited
Press Release | Report | History
Engineering and Technology Entity 18-Jun-25 Maintain A- Stable -
213 Kohat Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 17-Jun-25 Maintain A- Stable -
214 ZKB Construction (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 16-Jun-25 Initial A Stable -
215 Meskay & Femtee Trading Company (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 16-Jun-25 Maintain A- Stable -
216 Ghani Chemical Industries Limited
Press Release | Report | History
Pharma and Chemicals Entity 13-Jun-25 Maintain A Stable -
217 Packages Limited
Press Release | Report | History
Holding Company Entity 13-Jun-25 Maintain AA+ Stable -
218 E-Vision Manufacturing Limited
Press Release | Report | History
Textile & Allied Entity 13-Jun-25 Maintain BBB Stable -
219 VMS Trading Company
Press Release | Report | History
Agriculture & Allied Entity 13-Jun-25 Maintain BBB Stable -
220 Pakistan International Bulk Terminal Limited
Press Release | Report | History
Energy Entity 13-Jun-25 Maintain A Stable Yes
221 Meko Fabrics (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-Jun-25 Initial BBB+ Stable -
222 Pearl Petro Industry (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 12-Jun-25 Maintain BBB- Positive -
223 The Hub Power Company Limited
Press Release | Report | History
Energy Entity 05-Jun-25 Maintain AA+ Stable -
224 Hadeed Pakistan (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 05-Jun-25 Initial A Stable -
225 Pakistan Refinery Limited
Press Release | Report | History
Energy Entity 05-Jun-25 Maintain A Stable -
226 Orient Power Company (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-Jun-25 Maintain AA- Stable -
227 Pioneer Cement Limited
Press Release | Report | History
Infrastructure Entity 05-Jun-25 Upgrade A+ Stable -
228 Masood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 04-Jun-25 Maintain A Stable -
229 K-Electric Limited
Press Release | Report | History
Energy Entity 04-Jun-25 Maintain AA Stable Yes
230 Amreli Steels Limited
Press Release | Report | History
Infrastructure Entity 03-Jun-25 Downgrade CCC Negative Yes
231 Pak-Arab Pipeline Company Limited
Press Release | Report | History
Logistics Entity 30-May-25 Maintain AAA Stable -
232 H. Sadar Ali Akhtar Ali (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 30-May-25 Maintain BBB+ Stable -
233 Meezan Plastic Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 30-May-25 Maintain BB Stable -
234 Nishat Hotels and Properties Ltd
Press Release | Report | History
Consumers Goods & Services Entity 30-May-25 Maintain A Stable -
235 Panther Tyres Limited
Press Release | Report | History
Auto and Allied Entity 29-May-25 Maintain A Stable -
236 Attock Refinery Limited
Press Release | Report | History
Energy Entity 23-May-25 Maintain AA Stable -
237 National Refinery Limited
Press Release | Report | History
Energy Entity 23-May-25 Maintain AA Developing Yes
238 Olympia Chemicals Limited
Press Release | Report | History
Pharma and Chemicals Entity 22-May-25 Maintain A Stable -
239 Tata Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 22-May-25 Maintain A Stable Yes
240 Descon Oxychem Limited
Press Release | Report | History
Pharma and Chemicals Entity 16-May-25 Maintain A+ Stable -
241 Entertainment Pakistan Limited
Press Release | Report | History
Infrastructure Entity 16-May-25 Maintain BB Stable -
242 Pakistan Mobile Communications Limited
Press Release | Report | History
Communication Entity 16-May-25 Maintain AA Stable -
243 Martin Dow Marker Limited
Press Release | Report | History
Pharma and Chemicals Entity 15-May-25 Maintain A+ Stable -
244 Neelum Oil and Ghee Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 13-May-25 Initial A- Stable -
245 Waheed Hafeez Ghee Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 13-May-25 Initial A- Stable -
246 H. Nizam Din & Sons (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 13-May-25 Maintain A- Stable -
247 BF Biosciences Limited
Press Release | Report | History
Pharma and Chemicals Entity 12-May-25 Initial A- Stable -
248 Beacon Impex (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-May-25 Maintain A Stable -
249 Rainbow Hosiery (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 12-May-25 Upgrade BBB Stable -
250 Ziauddin University
Press Release | Report | History
Consumers Goods & Services Entity 12-May-25 Maintain BBB Stable -
251 Hub Power Holdings Limited
Press Release | Report | History
Holding Company Entity 09-May-25 Maintain AA Stable -
252 Flow Petroleum (Pvt.) Limited
Press Release | Report | History
Energy Entity 06-May-25 Maintain A- Stable -
253 Aslam Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 05-May-25 Maintain BBB+ Stable -
254 Gas & Oil Pakistan Limited
Press Release | Report | History
Energy Entity 05-May-25 Upgrade AA Stable -
255 Nishat Mills Limited
Press Release | Report | History
Textile & Allied Entity 02-May-25 Maintain AA Stable -
256 Sefam (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 02-May-25 Maintain A- Stable Yes
257 Master Green Energy Limited
Press Release | Report | History
Energy Entity 02-May-25 Maintain A Stable Yes
258 Mahmood Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 30-Apr-25 Maintain A- Stable -
259 Ferozsons Laboratories Limited
Press Release | Report | History
Pharma and Chemicals Entity 28-Apr-25 Initial A Stable -
260 Pakistan Synthetics Limited
Press Release | Report | History
Consumers Goods & Services Entity 25-Apr-25 Maintain A- Stable -
261 TPL Properties Limited
Press Release | Report | History
Infrastructure Entity 25-Apr-25 Maintain A+ Developing -
262 Salman Paper Products (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 22-Apr-25 Maintain BBB Stable -
263 National Foods Limited
Press Release | Report | History
Food and Allied Entity 18-Apr-25 Maintain AA- Stable -
264 Asif Rice Mills
Press Release | Report | History
Agriculture & Allied Entity 18-Apr-25 Maintain BBB+ Stable -
265 Flying Cement Company Limited
Press Release | Report | History
Infrastructure Entity 18-Apr-25 Maintain A- Stable Yes
266 New Horizon Computer
Press Release | Report | History
Engineering and Technology Entity 18-Apr-25 Upgrade BBB- Stable -
267 GH2 Industries (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 15-Apr-25 Initial A- Stable -
268 Crown Textile
Press Release | Report | History
Textile & Allied Entity 14-Apr-25 Maintain BBB- Positive -
269 Hilal Foods (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 11-Apr-25 Initial A- Stable -
270 Packages Real Estate (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 10-Apr-25 Initial A Stable -
271 Al-Abbas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 09-Apr-25 Maintain A+ Stable -
272 Shahzad Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 08-Apr-25 Maintain A- Stable Yes
273 Lucky Electric Power Company Limited
Press Release | Report | History
Energy Entity 08-Apr-25 Maintain AA Stable -
274 Noon Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 04-Apr-25 Maintain BBB+ Stable -
275 Mirpurkhas Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 04-Apr-25 Maintain A- Stable Yes
276 Jauharabad Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 04-Apr-25 Maintain BBB+ Stable -
277 Mehran Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 04-Apr-25 Maintain A- Stable -
278 SGM Sugar Mills Limited
Press Release | Report | History
Agriculture & Allied Entity 04-Apr-25 Maintain BBB Stable -
279 Jhimpir Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-25 Maintain A+ Stable -
280 Hawa Energy (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-25 Maintain A+ Stable -
281 Quaid-e-Azam Solar Power (Pvt.) Limited
Press Release | Report | History
Energy Entity 04-Apr-25 Maintain AA Stable -
282 Madiha International (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-25 Upgrade BB+ Stable -
283 Bikiya Industries (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-25 Upgrade BB+ Stable -
284 International Business Management
Press Release | Report | History
Consumers Goods & Services Entity 03-Apr-25 Maintain BB+ Stable -
285 Meridian Energy Limited
Press Release | Report | History
Energy Entity 28-Mar-25 Initial A Stable -
286 HNDS Energy Limited
Press Release | Report | History
Energy Entity 28-Mar-25 Initial A Stable -
287 Helios Power Limited
Press Release | Report | History
Energy Entity 28-Mar-25 Initial A Stable -
288 H.A.R Fibres (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 28-Mar-25 Maintain BBB- Stable -
289 Sargodha Jute Mills Limited
Press Release | Report | History
Textile & Allied Entity 28-Mar-25 Maintain A- Stable -
290 Ultra Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 28-Mar-25 Maintain BBB Stable -
291 Masood Fabrics Limited
Press Release | Report | History
Textile & Allied Entity 28-Mar-25 Maintain A- Stable -
292 Reliance Cotton Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 28-Mar-25 Maintain A- Stable -
293 Qadir Agro Industries (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 27-Mar-25 Maintain BB+ Stable -
294 A. Rahim Foods (Pvt.) Limited
Press Release | Report | History
Food and Allied Entity 26-Mar-25 Initial A- Stable -
295 Halmore Power Generation Company Limited
Press Release | Report | History
Energy Entity 21-Mar-25 Maintain AA- Stable -
296 Warble (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-25 Upgrade BBB Stable -
297 Welcon Chemicals (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 21-Mar-25 Upgrade BBB Stable -
298 KTM Leather (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 21-Mar-25 Maintain BBB+ Stable Yes
299 Mount Fuji Textiles Limited
Press Release | Report | History
Textile & Allied Entity 21-Mar-25 Upgrade BBB+ Stable -
300 US Denim Mills (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 20-Mar-25 Maintain A Stable -
301 Kohinoor Energy Limited
Press Release | Report | History
Energy Entity 19-Mar-25 Maintain AA Stable -
302 Saif Power Limited
Press Release | Report | History
Energy Entity 19-Mar-25 Maintain AA- Stable -
303 Malik MIJ Chunxing Resources Recycling Company Limited
Press Release | Report | History
Engineering and Technology Entity 18-Mar-25 Maintain A- Stable -
304 Hunza Sugar Mills (Pvt.) Limited
Press Release | Report | History
Agriculture & Allied Entity 14-Mar-25 Maintain BBB+ Stable -
305 Unicol Limited
Press Release | Report | History
Agriculture & Allied Entity 14-Mar-25 Maintain A Stable -
306 Fauji Cement Company Limited
Press Release | Report | History
Infrastructure Entity 13-Mar-25 Maintain AA- Stable -
307 Imperium Hospitality (Pvt.) Limited
Press Release | Report | History
Infrastructure Entity 13-Mar-25 Maintain BBB+ Stable -
308 ARY Communications Limited
Press Release | Report | History
Communication Entity 10-Mar-25 Maintain A Stable -
309 Gul Ahmed Textile Mills Limited
Press Release | Report | History
Textile & Allied Entity 07-Mar-25 Maintain AA- Stable -
310 Basfa Textile (Pvt.) Limited
Press Release | Report | History
Textile & Allied Entity 28-Feb-25 Maintain BBB Stable -
311 Masood Spinning Mills Limited
Press Release | Report | History
Textile & Allied Entity 28-Feb-25 Maintain A- Stable -
312 Poly Pack (Pvt.) Limited
Press Release | Report | History
Consumers Goods & Services Entity 28-Feb-25 Maintain A- Stable -
313 Brainchild Communications Pakistan (Pvt.) Limited
Press Release | Report | History
Communication Entity 28-Feb-25 Maintain BBB+ Stable -
314 Allawasaya Textile & Finishing Mills Limited
Press Release | Report | History
Textile & Allied Entity 28-Feb-25 Downgrade BBB- Stable Yes
315 D.G. Khan Cement Company Limited
Press Release | Report | History
Infrastructure Entity 27-Feb-25 Maintain AA- Stable -
316 Newage Cables (Pvt.) Limited
Press Release | Report | History
Energy Entity 27-Feb-25 Maintain A- 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.