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Outstanding Ratings

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