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Outstanding Ratings

Sr.No Entity Sector Rating Type Dissemination
Date
Action Rating Outlook Rating Watch
1 ABL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Apr-26 Maintain AA+(f) Stable -
2 ABL Financial Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Apr-26 Maintain A+(f) Stable -
3 ABL Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Apr-26 Maintain AA-(f) Stable -
4 ABL Income Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Apr-26 Maintain A+(f) Stable -
5 ABL Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Apr-26 Maintain A+(f) Stable -
6 ABL Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 06-Apr-26 Maintain AA+(f) Stable -
7 ABL Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Apr-26 Maintain AA+(f) Stable -
8 ABL Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 02-Apr-26 Maintain AA(f) Stable -
9 786 Islamic Money Market Fund
Press Release | Report | History
Non Banking Financial Institutes Stability Rating 19-Mar-26 Initial AA(f) Stable -
10 Pak Oman Income Fund (Formerly Pak Oman Government Securities Fund)
Press Release | Report | History
Capital Markets Stability Rating 05-Mar-26 Maintain A+(f) Stable -
11 Askari High Yield Scheme
Press Release | Report | History
Capital Markets Stability Rating 05-Mar-26 Maintain A(f) Stable -
12 Pak Oman Advantage Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Mar-26 Maintain A+(f) Stable -
13 Mahaana Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Mar-26 Maintain AA+(f) Stable -
14 Alfalah GHP Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Mar-26 Upgrade AA(f) Stable -
15 UBL Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 05-Mar-26 Upgrade AAA(f) Stable -
16 Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund)
Press Release | Report | History
Capital Markets Stability Rating 12-Feb-26 Maintain AA+(f) Stable -
17 JS Fixed Term Munafa Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Feb-26 Maintain AAA(f) Stable -
18 Pak Oman Micro Finance Fund
Press Release | Report | History
Capital Markets Stability Rating 01-Jan-26 Maintain A-(f) Stable -
19 JS Fixed Term Munafa Fund II
Press Release | Report | History
Capital Markets Stability Rating 30-Dec-25 Initial AAA(f) Stable -
20 Alfalah Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-25 Maintain A+(f) Stable -
21 Alfalah Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-25 Maintain AA(f) Stable -
22 Alfalah Islamic Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 24-Dec-25 Maintain AA+(f) Stable -
23 NIT Government Bond Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Dec-25 Maintain AA(f) Stable -
24 NIT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Dec-25 Maintain AA-(f) Stable -
25 NIT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Dec-25 Maintain AA-(f) Stable -
26 NIT Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Dec-25 Maintain AAA(f) Stable -
27 JS Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Dec-25 Maintain AA+(f) Stable -
28 Alhamra Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Dec-25 Maintain AA(f) Stable -
29 Pak Oman Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 11-Dec-25 Maintain AA(f) Stable -
30 Alhamra Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 11-Dec-25 Maintain AA(f) Stable -
31 JS Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Dec-25 Maintain AA-(f) Stable -
32 JS Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Dec-25 Maintain AA+(f) Stable -
33 JS Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Dec-25 Maintain AA(f) Stable -
34 JS Income Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Dec-25 Maintain A+(f) Stable -
35 JS Microfinance Sector Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Dec-25 Maintain A(f) Stable -
36 JS Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 10-Dec-25 Maintain AA(f) Stable -
37 ABL Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Dec-25 Downgrade AA(f) Stable -
38 Atlas Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain AA(f) Stable -
39 Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain AA(f) Stable -
40 Pak Qatar Cash Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain AA(f) Stable -
41 Pak Qatar Daily Dividend Plan under Pak Qatar Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain AA(f) Stable -
42 Pak Qatar Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain AA-(f) Stable -
43 Pak Qatar Khalis Bachat Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain A(f) Stable -
44 Pak Qatar Monthly Income Plan under Pak Qatar Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Dec-25 Maintain A+(f) Stable -
45 AL Habib Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Nov-25 Maintain AAA(f) Stable -
46 Faysal Islamic Special Income Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Nov-25 Maintain AA(f) Stable -
47 Faysal Halal Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 21-Nov-25 Maintain AA(f) Stable -
48 AKD Aggressive Income Fund
Press Release | Report | History
Capital Markets Stability Rating 19-Nov-25 Maintain A+(f) Stable -
49 AKD Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 19-Nov-25 Maintain AA+(f) Stable -
50 AKD Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 19-Nov-25 Maintain AA(f) Stable -
51 AKD Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 19-Nov-25 Maintain AA-(f) Stable -
52 786 Smart Fund
Press Release | Report | History
Capital Markets Stability Rating 18-Nov-25 Maintain AA-(f) Stable -
53 Alfalah GHP Income Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-25 Maintain AA-(f) Stable -
54 Alfalah GHP Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-25 Maintain AA+(f) Stable -
55 Alfalah Islamic Rozana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-25 Maintain AA(f) Stable -
56 Alfalah GHP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-25 Maintain AA-(f) Stable -
57 Alfalah GHP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-25 Maintain AA+(f) Stable -
58 Alfalah GHP Income Multiplier Fund
Press Release | Report | History
Capital Markets Stability Rating 12-Nov-25 Maintain A+(f) Stable -
59 AWT Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Nov-25 Maintain A+(f) Stable -
60 AWT Income Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Nov-25 Maintain A+(f) Stable -
61 AWT Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Nov-25 Maintain AA+(f) Stable -
62 AWT Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Nov-25 Maintain A+(f) Stable -
63 Lucky Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Nov-25 Maintain AA+(f) Stable -
64 Lucky Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 04-Nov-25 Maintain AA(f) Stable -
65 MCB Government Securities Fund
Press Release | Report | History
Capital Markets Stability Rating 03-Nov-25 Upgrade AA(f) Stable -
66 Lakson Income Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Oct-25 Maintain A+(f) Stable -
67 Lakson Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Oct-25 Maintain AA(f) Stable -
68 Lakson Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 31-Oct-25 Maintain AA+(f) Stable -
69 Atlas Income Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA-(f) Stable -
70 Atlas Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA-(f) Stable -
71 Atlas Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA(f) Stable -
72 Atlas Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA+(f) Stable -
73 Atlas Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA+(f) Stable -
74 Atlas Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA-(f) Stable -
75 Al Ameen Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 27-Oct-25 Maintain AA(f) Stable -
76 Pakistan Income Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA(f) Stable -
77 Alhamra Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA(f) Stable -
78 Alhamra Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA-(f) Stable -
79 Pakistan Income Enhancement Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain A+(f) Stable -
80 MCB Pakistan Sovereign Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA-(f) Stable -
81 MCB DCF Income Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA-(f) Stable -
82 MCB Cash Management Optimizer
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA+(f) Stable -
83 Pakistan Cash Management Fund
Press Release | Report | History
Capital Markets Stability Rating 23-Oct-25 Maintain AA+(f) Stable -
84 AL Habib Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-25 Maintain AA(f) Stable -
85 AL Habib Islamic Cash Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-25 Maintain AA+(f) Stable -
86 AL Habib Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-25 Maintain AA(f) Stable -
87 AL Habib Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 22-Oct-25 Maintain AA(f) Stable -
88 NBP Riba Free Saving Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain A+(f) Stable -
89 NBP Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA-(f) Stable -
90 NBP Government Securities Plan - IV
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA(f) Stable -
91 NBP Income Opportunity Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain A+(f) Stable -
92 NBP Islamic Government Securities Plan – III
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA(f) Stable -
93 NBP Islamic Income Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain A+(f) Stable -
94 NBP Islamic Mahana Amdani Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain A+(f) Stable -
95 NBP Islamic Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA(f) Stable -
96 NBP Money Market Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA(f) Stable -
97 NBP Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain A+(f) Stable -
98 NBP Financial Sector Income Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain A+(f) Stable -
99 NBP Government Securities Liquid Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AAA(f) Stable -
100 NBP Government Securities Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA-(f) Stable -
101 NBP Islamic Daily Dividend Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA+(f) Stable -
102 NBP Islamic Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 17-Oct-25 Maintain AA-(f) Stable -
103 MCB Investment Savings Fund
Press Release | Report | History
Capital Markets Stability Rating 07-Oct-25 Initial 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.