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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 Pak Qatar General Takaful Limited
Press Release | Report | History
Insurance IFS 06-Feb-26 Maintain A+ (ifs) Positive -
2 Askari General Insurance Company Limited
Press Release | Report | History
Insurance IFS 04-Feb-26 Maintain AA+ (ifs) Stable -
3 Sindh Insurance Limited
Press Release | Report | History
Insurance IFS 31-Jan-26 Upgrade AA (ifs) Stable -
4 Salaam Takaful Limited
Press Release | Report | History
Insurance IFS 30-Jan-26 Maintain A++ (ifs) Stable -
5 Jubilee Life Insurance Company Limited
Press Release | Report | History
Insurance IFS 05-Jan-26 Maintain AA++ (ifs) Stable -
6 Pak-Qatar Family Takaful Limited
Press Release | Report | History
Insurance IFS 23-Dec-25 Upgrade AA (ifs) Stable -
7 Rural Community Development Programmes
Press Release | Report | History
Banks Social Impact and Performance Rating 12-Dec-25 Maintain SIP3++ Positive -
8 Reliance Insurance Company Limited
Press Release | Report | History
Insurance IFS 17-Nov-25 Upgrade A++ (ifs) Stable -
9 Habib Insurance Company Limited
Press Release | Report | History
Insurance IFS 04-Nov-25 Maintain A++ (ifs) Stable -
10 TPL Insurance Limited
Press Release | Report | History
Insurance IFS 04-Nov-25 Maintain AA (ifs) Stable Yes
11 Jubilee General Insurance Company Limited
Press Release | Report | History
Insurance IFS 23-Oct-25 Maintain AA++ (ifs) Stable -
12 East West Insurance Company Limited
Press Release | Report | History
Insurance IFS 10-Oct-25 Maintain AA+ (ifs) Stable -
13 Postal Life Insurance Company Limited
Press Release | Report | History
Insurance IFS 07-Oct-25 Maintain A+ (ifs) Developing Yes
14 The Pakistan General Insurance Company Limited
Press Release | Report | History
Insurance IFS 04-Oct-25 Initial BBB+ (ifs) Stable -
15 The United Insurance Company of Pakistan Limited
Press Release | Report | History
Insurance IFS 30-Sep-25 Maintain AA+ (ifs) Stable -
16 Atlas Insurance Limited
Press Release | Report | History
Insurance IFS 22-Aug-25 Maintain AA+ (ifs) Stable -
17 Shaheen Insurance Company Limited
Press Release | Report | History
Insurance IFS 22-Aug-25 Upgrade A++ (ifs) Stable -
18 Premier Insurance Limited
Press Release | Report | History
Insurance IFS 22-Aug-25 Maintain A (ifs) Stable -
19 Asia Insurance Company Limited
Press Release | Report | History
Insurance IFS 22-Aug-25 Maintain A++ (ifs) Stable -
20 5th Pillar Family Takaful Limited
Press Release | Report | History
Insurance IFS 18-Aug-25 Maintain A+ (ifs) Stable -
21 Adamjee Life Assurance Company Limited
Press Release | Report | History
Insurance IFS 13-Aug-25 Upgrade AA (ifs) Stable -
22 The Universal Insurance Company Limited
Press Release | Report | History
Insurance IFS 25-Jul-25 Maintain A (ifs) Stable Yes
23 Askari Life Assurance Company Limited
Press Release | Report | History
Insurance IFS 30-Jun-25 Maintain A (ifs) Stable -
24 State Life Insurance Corporation of Pakistan
Press Release | Report | History
Insurance IFS 30-Jun-25 Maintain AAA (ifs) Stable -
25 TPL Life Insurance Limited
Press Release | Report | History
Insurance IFS 26-Jun-25 Maintain A (ifs) Stable Yes
26 Dawood Family Takaful Limited
Press Release | Report | History
Insurance IFS 26-Jun-25 Maintain A+ (ifs) Stable -
27 IGI Life Insurance Limited
Press Release | Report | History
Insurance IFS 25-Jun-25 Maintain A++ (ifs) Stable -
28 TRAFCO Insurance Company Limited
Press Release | Report | History
Insurance IFS 05-Jun-25 Downgrade BBB (ifs) Stable -
29 Alfalah Insurance Company Limited
Press Release | Report | History
Insurance IFS 19-May-25 Maintain AA+ (ifs) Stable -
30 CSC Empowerment & Inclusion Programme
Press Release | Report | History
Banks Social Impact and Performance Rating 16-May-25 Initial SIP3 Stable -
31 EFU General Insurance Limited
Press Release | Report | History
Insurance IFS 09-May-25 Maintain AA++ (ifs) Stable -
32 ASA Microfinance Bank (Pakistan) Limited
Press Release | Report | History
Banks Social Impact and Performance Rating 17-Mar-25 Maintain SIP2 Positive -
33 Adamjee Insurance Company Limited
Press Release | Report | History
Insurance IFS 01-Mar-25 Maintain AA++ (ifs) Stable -
34 IGI General Insurance Limited
Press Release | Report | History
Insurance IFS 21-Feb-25 Maintain AA+ (ifs) 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.