Press Release

VIS Withdraws Preliminary Rating of Proposed Short Term Sukuk of Gas & Oil Pakistan Limited

Karachi, May 25, 2026: VIS Credit Rating Company Limited (VIS) has withdrawn the preliminary rating of 'A1+ (plim)' (‘A one minus preliminary’) assigned to the proposed Short Term Sukuk of PKR 10 billion of Gas & Oil Pakistan Limited (‘GO’ or ‘the Company’), following the Company’s decision not to proceed with the issuance of the instrument. The previous rating action was announced on March 16, 2026.

For further information on this ratings announcement, please contact on 021-35311861-64 or email at info@vis.com.pk.


Applicable Rating Criteria:
Policy for Suspension and Withdrawals of Ratings
https://docs.vis.com.pk/docs/policy_withdrawal.pdf

Information herein was obtained from sources believed to be accurate and reliable; however, VIS Credit Rating Company Limited (VIS) does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. VIS, the analysts involved in the rating process and members of its rating committee do not have any conflict of interest relating to the rating(s)/ranking(s) mentioned in this report. VIS is paid a fee for most rating assignments. This rating/ranking is an opinion and is not a recommendation to buy or sell any securities. Copyright May 22, 2026 VIS Credit Rating Company Limited. All rights reserved. Contents may be used by news media with credit to VIS.