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Outstanding Ratings

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