| Sr.No | Entity | Sector | Rating Type | Dissemination Date |
Action | Rating | Outlook | Rating Watch |
|---|---|---|---|---|---|---|---|---|
| 1 | IGI Finex Securities Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 21-Aug-26 | Maintain | BFR 2+ | Stable | - |
| 2 | AL Habib Capital Markets (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 17-Jul-26 | Maintain | BFR 2+ | Stable | - |
| 3 | AL Haq Securities (Pvt.) Limited - BFR Press Release | Report | History |
Capital Markets | BFR | 17-Jul-26 | Maintain | BFR 3 | Stable | - |
| 4 | SIA Equities (Pvt.) Limited - BFR Press Release | Report | History |
Capital Markets | BFR | 14-Jul-26 | Initial | BFR 4+ | Stable | - |
| 5 | Arif Latif Securities (Pvt.) Limited - BFR Press Release | Report | History |
Capital Markets | BFR | 10-Jul-26 | Initial | BFR 3 | Stable | - |
| 6 | Abbasi and Company (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 19-Jun-26 | Maintain | BFR 2 | Stable | - |
| 7 | AHM Securities (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 12-Jun-26 | Maintain | BFR 3 | Stable | - |
| 8 | Ismail Iqbal Securities (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 20-May-26 | Maintain | BFR 3+ | Stable | - |
| 9 | Habib Metropolitan Financial Services Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 15-May-26 | Maintain | BFR 3+ | Stable | - |
| 10 | Adam Securities Limited - BFR Press Release | Report | History |
Capital Markets | BFR | 11-May-26 | Initial | BFR 2 | Stable | - |
| 11 | KTRADE Securities Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 08-May-26 | Maintain | BFR 2 | Positive | - |
| 12 | Dr. Arslan Razaque Securities (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 19-Mar-26 | Maintain | BFR 3 | Stable | - |
| 13 | Aba Ali Habib Securities (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 12-Mar-26 | Maintain | BFR 2 | Stable | - |
| 14 | Zafar Securities (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 06-Mar-26 | Maintain | BFR 3+ | Stable | - |
| 15 | WE Financial Services Limited Press Release | Report | History |
Capital Markets | BFR | 12-Feb-26 | Initial | BFR 3 | Positive | - |
| 16 | A.U.A Securities (Pvt.) Limited - BFR Press Release | Report | History |
Capital Markets | BFR | 31-Dec-25 | Initial | BFR 4 | Stable | - |
| 17 | Intermarket Securities Limited (Formerly: EFG Hermes Pakistan Limited) | BFR Press Release | Report | History |
Capital Markets | BFR | 19-Dec-25 | Maintain | BFR 2+ | Stable | - |
| 18 | JS Global Capital Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 12-Dec-25 | Maintain | BFR 1 | Stable | - |
| 19 | Arif Habib Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 12-Dec-25 | Maintain | BFR 1 | Stable | - |
| 20 | Dawood Equities Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 28-Nov-25 | Maintain | BFR 3+ | Stable | - |
| 21 | Spectrum Securities Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 21-Nov-25 | Maintain | BFR 3+ | Stable | - |
| 22 | UBL Financial Services (Pvt.) Limited - BFR Press Release | Report | History |
Capital Markets | BFR | 01-Oct-25 | Initial | BFR 2 | Stable | - |
| 23 | Optimus Capital Management (Pvt.) Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 25-Sep-25 | Maintain | BFR 2 | Stable | - |
| 24 | Trust Securities & Brokerage Limited | BFR Press Release | Report | History |
Capital Markets | BFR | 19-Sep-25 | Maintain | BFR 2 | Stable | - |