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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 JS Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain AA+(f) Stable -
2 JS Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain AA+(f) Stable -
3 JS Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain AA(f) Stable -
4 JS Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain A+(f) Stable -
5 JS Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain AA-(f) Stable -
6 JS Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain AA(f) Stable -
7 JS Microfinance Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Nov-26 Maintain A(f) Stable -
8 Al Ameen Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Nov-26 Initial AA+(f) Stable -
9 Al Ameen Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Nov-26 Maintain AA(f) Stable -
10 Alhamra Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Nov-26 Maintain AA(f) Stable -
11 BMA Islamic Noor Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Nov-26 Maintain AA(f) Stable -
12 BMA Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Nov-26 Maintain AA+(f) Stable -
13 MCB Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Nov-26 Maintain AA(f) Stable -
14 AKD Aggressive Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain A+(f) Stable -
15 AKD Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain AA+(f) Stable -
16 AKD Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain AA(f) Stable -
17 AKD Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Maintain AA-(f) Stable -
18 Faysal Islamic Financial Growth Fund-II
Press Release | Report | History
Capital Markets Stability Rating 02-Nov-26 Initial AA-(f) Stable -
19 NBP Financial Sector Income Plus Fund
Press Release | Report | History
Capital Markets Stability Rating 29-Oct-26 Maintain A+(f) Stable -
20 NBP Islamic Money Market Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Oct-26 Initial AA+(f) Stable -
21 NBP Savings Plus Fund
Press Release | Report | History
Capital Markets Stability Rating 28-Oct-26 Initial A+(f) Stable -
22 ABL Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
23 ABL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Upgrade AAA(f) Stable -
24 ABL Financial Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
25 ABL Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA-(f) Stable -
26 ABL Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain A+(f) Stable -
27 ABL Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA+(f) Stable Yes
28 ABL Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA(f) Stable -
29 ABL Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Oct-26 Maintain AA+(f) Stable -
30 AL Habib Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Oct-26 Initial AAA(f) Stable -
31 Lucky Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Oct-26 Maintain AA(f) Stable -
32 MCB Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Oct-26 Maintain AA+(f) Stable -
33 NBP Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
34 NBP Riba Free Saving Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
35 NBP Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
36 NBP Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
37 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
38 NBP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
39 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
40 NBP Income Opportunity Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
41 NBP Government Securities Plan - IV
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA(f) Stable -
42 NBP Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain A+(f) Stable -
43 NBP Government Securities Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AAA(f) Stable -
44 NBP Government Securities Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
45 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA+(f) Stable -
46 NBP Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Oct-26 Maintain AA-(f) Stable -
47 Alhamra Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 01-Oct-26 Initial AA(f) Stable -
48 Alfalah GHP Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA+(f) Stable -
49 Alfalah GHP Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA-(f) Stable -
50 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain A+(f) Stable -
51 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA-(f) Stable -
52 Alfalah GHP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA+(f) Stable -
53 Alfalah Islamic Amdani Fund (Formerly: Alfalah Islamic Rozana Amdani Fund)
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA(f) Stable -
54 786 Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Sep-26 Maintain AA(f) Stable -
55 Alfalah GHP Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Sep-26 Maintain AA(f) Stable -
56 AL Habib Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
57 AL Habib Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA+(f) Stable -
58 AL Habib Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
59 AL Habib Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Sep-26 Maintain AA(f) Stable -
60 Pakistan Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Stable -
61 Pakistan Income Enhancement Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable -
62 Pakistan Cash Management Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable -
63 MCB Pakistan Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
64 MCB DCF Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
65 MCB Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable -
66 Alhamra Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Stable -
67 Alhamra Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA-(f) Stable -
68 Askari High Yield Scheme
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A(f) Stable -
69 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable Yes
70 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain A+(f) Stable -
71 Mahaana Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA+(f) Stable Yes
72 Pak Oman Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Sep-26 Maintain AA(f) Negative Yes
73 Alhamra Islamic Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 08-Sep-26 Initial AA-(f) Stable -
74 MCB Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 08-Sep-26 Initial AA+(f) Stable -
75 UBL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Sep-26 Maintain AAA(f) Stable -
76 JS Islamic Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 25-Aug-26 Initial AA+(f) Stable -
77 NBP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 25-Aug-26 Upgrade AA+(f) Stable -
78 JS Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Aug-26 Maintain AAA(f) Stable -
79 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Capital Markets Stability Rating 05-Aug-26 Maintain AA+(f) Stable Yes
80 NBP Money Market Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Jul-26 Initial AA(f) Stable -
81 ABL Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Jul-26 Maintain AA(f) Stable -
82 NBP Fixed Term Munafa Plan - XIVB under NBP Mustahkam Fund-II
Press Release | Report | History
Capital Markets Stability Rating 21-Jul-26 Initial AA+(f) Stable -
83 JS Fixed Term Munafa Fund II
Press Release | Report | History
Capital Markets Stability Rating 17-Jul-26 Maintain AAA(f) Stable -
84 Faysal Halal Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 15-Jul-26 Maintain AA(f) Stable -
85 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA-(f) Stable -
86 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA(f) Stable -
87 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 14-Jul-26 Maintain AA(f) Stable -
88 NIT Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AAA(f) Stable -
89 NIT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA-(f) Stable -
90 NIT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA-(f) Stable -
91 NIT Government Bond Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Jul-26 Maintain AA(f) Stable -
92 786 Smart Fund
Press Release | Report | History
Capital Markets Stability Rating 09-Jul-26 Maintain AA-(f) Stable -
93 Lakson Income Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain A+(f) Stable -
94 Lakson Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain AA(f) Stable -
95 Lakson Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Jul-26 Maintain AA+(f) Stable -
96 AWT Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Jun-26 Maintain AA+(f) Stable -
97 AWT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 30-Jun-26 Maintain A+(f) Stable -
98 Alfalah Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain A+(f) Stable -
99 Alfalah Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain AA(f) Stable -
100 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Jun-26 Maintain AA+(f) Stable -
101 Pak Oman Micro Finance Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Jun-26 Maintain A-(f) Stable -
102 Lucky Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
103 Lucky Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA+(f) Stable -
104 Alhamra Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 16-Jun-26 Maintain AA(f) Stable -
105 Atlas Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Jun-26 Maintain AA(f) Stable -
106 AL Habib Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 25-May-26 Maintain AAA(f) Stable -
107 Faysal Islamic Special Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-May-26 Maintain AA(f) Stable -
108 Atlas Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
109 Atlas Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) Stable -
110 Atlas Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA(f) Stable -
111 Atlas Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA+(f) Stable -
112 Atlas Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA+(f) Stable -
113 Atlas Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 15-May-26 Maintain AA-(f) 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.