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Outstanding Ratings

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