| Sr.No | Entity | Sector | Rating Type | Dissemination Date |
Action | Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| 1 | Askari Bank Limited | TFC VI ( Additional Tier I ) | Jul-18 Press Release | Report | History |
Banks | Debt Instrument | 16-Jan-26 | Maintain | AA- | Stable | - |
| 2 | The Bank of Punjab | Tier 2 | TFC-III | Apr-23 Press Release | Report | History |
Banks | Debt Instrument | 12-Jan-26 | Maintain | AA | Stable | - |
| 3 | The Bank of Punjab | TFC II | April-18 Press Release | Report | History |
Banks | Debt Instrument | 12-Jan-26 | Maintain | AA | Stable | - |
| 4 | The Bank of Punjab | Additional Tier 1 Capital TFC | PKR 3.95bln | Feb-24 Press Release | Report | History |
Banks | Debt Instrument | 12-Jan-26 | Maintain | AA- | Stable | - |
| 5 | The Bank of Punjab | Additional Tier 1 Capital TFC | Jun-22 Press Release | Report | History |
Banks | Debt Instrument | 12-Jan-26 | Maintain | AA- | Stable | - |
| 6 | The Bank of Punjab | Tier 2 Capital TFC | PKR 7.5695bln | Jun-24 Press Release | Report | History |
Banks | Debt Instrument | 12-Jan-26 | Maintain | AA | Stable | - |
| 7 | Bank Alfalah Limited | Additional Tier 1 TFC | 7bln Press Release | Report | History |
Banks | Debt Instrument | 31-Dec-25 | Maintain | AA+ | Stable | - |
| 8 | Bank Alfalah Limited | Additional Tier 1 TFC | PKR 7bln | Dec'22 Press Release | Report | History |
Banks | Debt Instrument | 31-Dec-25 | Maintain | AA+ | Stable | - |
| 9 | BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk I | PKR 2 Bln| Apr-20 Press Release | Report | History |
Banks | Debt Instrument | 30-Dec-25 | Maintain | A | Stable | - |
| 10 | JS Bank Limited | Tier II TFC | 3.5bln | Aug-23 Press Release | Report | History |
Banks | Debt Instrument | 30-Dec-25 | Maintain | AA- | Stable | - |
| 11 | JS Bank Limited | PPTFC | 2.5bln | Dec-21 Press Release | Report | History |
Banks | Debt Instrument | 30-Dec-25 | Maintain | AA- | Stable | - |
| 12 | BankIslami Pakistan Limited | ADT-1 Modaraba Sukuk II | PKR 1 Bln | Feb-24 Press Release | Report | History |
Banks | Debt Instrument | 30-Dec-25 | Maintain | A | Stable | - |
| 13 | JS Bank Limited | TFC Tier 1 | 2.5bln | Dec-18 Press Release | Report | History |
Banks | Debt Instrument | 30-Dec-25 | Maintain | A+ | Stable | - |
| 14 | Bank AL Habib Limited | Tier II TFC VIII | Sep-21 Press Release | Report | History |
Banks | Debt Instrument | 29-Dec-25 | Maintain | AAA | Stable | - |
| 15 | Bank AL Habib Limited | Tier-II | TFC X | PKR 7bln | Dec'22 Press Release | Report | History |
Banks | Debt Instrument | 29-Dec-25 | Maintain | AAA | Stable | - |
| 16 | Bank AL Habib Limited | Tier-I | TFC VI | Dec-17 Press Release | Report | History |
Banks | Debt Instrument | 29-Dec-25 | Maintain | AA+ | Stable | - |
| 17 | Bank AL Habib Limited | Tier-I | TFC IX | Apr-22 Press Release | Report | History |
Banks | Debt Instrument | 29-Dec-25 | Maintain | AA+ | Stable | - |
| 18 | Soneri Bank Limited | Tier 2 Capital TFC | PKR 4bln | Dec'22 Press Release | Report | History |
Banks | Debt Instrument | 26-Dec-25 | Maintain | A+ | Stable | - |
| 19 | Soneri Bank Limited | Tier 1 TFC Press Release | Report | History |
Banks | Debt Instrument | 26-Dec-25 | Maintain | A | Stable | - |
| 20 | Parwaaz Financial Services Limited - PPTFC - PKR 1bln - Mar-25 Press Release | Report | History |
Non Banking Financial Institutes | Debt Instrument | 19-Dec-25 | Maintain | AA- | Stable | - |
| 21 | HBL Microfinance Bank Limited | Tier 2 Capital TFC | PKR 1.5bln | Mar-24 Press Release | Report | History |
Banks | Debt Instrument | 11-Dec-25 | Maintain | A | Stable | - |
| 22 | Samba Bank Limited | PPTFC Press Release | Report | History |
Banks | Debt Instrument | 21-Nov-25 | Maintain | AA- | Stable | - |
| 23 | NRSP Microfinance Bank Limited | Tier II TFC Press Release | Report | History |
Banks | Debt Instrument | 30-Oct-25 | Maintain | A- | Stable | Yes |
| 24 | Mobilink Microfinance Bank Limited | PPTFC | Dec-22 Press Release | Report | History |
Banks | Debt Instrument | 13-Oct-25 | Maintain | A- | Stable | - |
| 25 | Kashf Foundation | PPTFC | PKR 2.483bln | Dec-23 Press Release | Report | History |
Banks | Debt Instrument | 23-Sep-25 | Maintain | AAA | Stable | - |
| 26 | OLP Financial Services Pakistan Limited | PPTFC (Formerly ORIX Leasing Pakistan Limited | PPTFC) Press Release | Report | History |
Non Banking Financial Institutes | Debt Instrument | 28-Aug-25 | Maintain | AA+ | Stable | - |