Ratings
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action Sector
Orient Electronics (Pvt) Limited 05/09/2025 Entity A- A2 Stable Maintained Engineering
Arshad Corporation (Pvt) Ltd 05/09/2025 Entity A- A2 Stable Reaffirmed Textiles
Transsion Tecno Electronics (Pvt) Limited 05/09/2025 Entity A- A2 Stable Reaffirmed Miscellaneous
Adam Sugar Mills Limited 05/07/2025 Entity A- A2 Stable Reaffirmed Sugar
Suraj Cotton Mills Limited 05/07/2025 Entity A+ A1 Stable Reaffirmed Textiles
International Textile Limited 05/06/2025 Entity A A2 Stable Reaffirmed Textiles
Best Fibres (Pvt) Ltd 05/07/2025 Entity A- A2 Positive Reaffirmed Textiles
Siara Textile Mills (Pvt) Limited 05/06/2025 Entity Suspended Textiles
Mobilink Microfinance Bank Limited 05/05/2025 Entity A A1 Stable Reaffirmed Micro Finance
NRSP Micro Finance Bank Ltd 05/05/2025 Entity A- A2 Stable Reaffirmed Micro Finance
At-Tahur Limited 05/05/2025 STS-2 A1 (plim) Preliminary Consumer Goods
Master Textile Mills Limited 05/05/2025 Entity Suspended Textiles
MRA Securities Limited 05/02/2025 Entity A- A2 Stable Reaffirmed Brokerage & Securities Firms
Ashraf Sugar Mills Limited 05/02/2025 Entity A- A2 Stable Under Review Sugar
Sindh Microfinance Bank Limited 04/30/2025 Entity A A1 Stable Reaffirmed Micro Finance
Halan Microfinance Bank Limited (Formerly: Advans Pakistan Microfinance Bank Ltd) 04/30/2025 Entity BBB A3 Positive Reaffirmed Micro Finance
Pakistan Telecommunication Company Limited 04/30/2025 STS-11 A1+ Final Communication
Artistic Denim Mills Ltd 04/30/2025 Entity A- A2 Stable Reaffirmed Textiles
Muhammad Shafi Tanneries (Pvt) Ltd 04/30/2025 Entity Suspended Tanneries and Leather Products
Universal Leather (Pvt) Ltd. 04/30/2025 Entity Suspended Tanneries and Leather Products
Zephyr Power Limited 04/30/2025 Entity A+ A1 Stable Reaffirmed Power Companies
HBL Microfinance Bank Limited 05/02/2025 Entity A+ A1 Stable Reaffirmed Micro Finance
First National Equities Limited 04/29/2025 BFR Suspended Brokerage & Securities Firms
Tech Sirat (Pvt) Limited 04/29/2025 Entity Suspended Storage and Distribution
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 04/29/2025 BMR BMR2 Negative Maintained Brokerage & Securities Firms
Ittehad Chemicals Limited 04/29/2025 Entity A- A2 Positive Maintained Chemicals
Sherman Securities Limited 04/29/2025 BFR BFR3++ Stable Upgrade Brokerage & Securities Firms
Burj Clean Energy Modaraba 04/28/2025 Entity A A1 Stable Initial NBFCs
Z.A Corporation (Pvt) Ltd 04/29/2025 Entity BBB+ A2 Stable Reaffirmed Textiles
Kamal Limited 04/25/2025 Entity A A1 Stable Reaffirmed Textiles
Pakistan Mortgage Refinance Company 04/25/2025 Entity AAA A1+ Stable Reaffirmed DFIs
Sitara Chemical Industries Limited 04/24/2025 Sukuk 1 AA- Stable Reaffirmed Chemicals
Tower Power (Pvt) Limited 04/24/2025 Entity A- A2 Stable Reaffirmed Communication
CSC Empowerment & Inclusion Programme (MFI) 04/23/2025 Entity BBB- A3 Stable Reaffirmed Micro Finance
Tariq Corporation Limited 04/23/2025 Entity BBB A3 Stable Reaffirmed Sugar
Darson Securities (Pvt) Limited 04/22/2025 BFR BFR3+ Stable Reaffirmed Brokerage & Securities Firms
RYK Mills Limited 04/22/2025 STS A1 Final Sugar
Umar Spinning Mills (Pvt) Limited 04/22/2025 Entity BBB+ A2 Stable Reaffirmed Textiles
Mehboob Steel Pipe Industry 04/22/2025 Entity BBB A2 Stable Under Review Steel & Allied Products
Two Star Industries (Pvt) Limited 04/21/2025 Entity BBB+ A2 Negative Maintained Sugar
Lucky Knits (Pvt) Limited 04/18/2025 Entity A- A1 Stable Reaffirmed Textiles
Shahkam Industries (Pvt) Ltd 04/18/2025 Entity A- A2 Stable Initial Textiles
Saya Weaving Mills (Pvt) Limited 04/18/2025 Entity A- A2 Stable Under Review Textiles
Ali Gohar & Company (Pvt) Ltd 04/17/2025 Entity A A2 Stable Reaffirmed Storage and Distribution
Haleeb Foods Limited 04/17/2025 Entity A A1 Stable Upgrade Consumer Goods
Zoom Petroleum (Pvt) Limited 04/17/2025 Entity BBB- A3 Stable Reaffirmed Oil & Gas
Zoom Marketing Oils (Pvt) Limited 04/17/2025 Entity BBB- A3 Positive Reaffirmed Oil & Gas
Biotech Energy (Pvt) Limited 04/16/2025 Entity A A1 Stable Reaffirmed Miscellaneous
Fatima Sugar Mills Limited 04/16/2025 Entity A- A2 Stable Reaffirmed Sugar
Ahmed Oriental Textile Mills Limited 04/15/2025 Entity A- A2 Stable Maintained Textiles
Al-Karam Textile Mills (Pvt) Limited 04/16/2025 Entity A A2 Stable Reaffirmed Textiles
Gohar Textile Mills (Pvt) Ltd 04/15/2025 Entity A+ A1 Stable Reaffirmed Textiles
Image Pakistan Limited 04/16/2025 Entity A- A2 Stable Initial Textiles
FDM Capital Securities (Pvt) Ltd 04/15/2025 BMR BMR3++ Stable Reaffirmed Brokerage & Securities Firms
FDM Capital Securities (Pvt) Ltd 04/15/2025 BFR BFR3 Stable Reaffirmed Brokerage & Securities Firms
Arshad Textile Mills Limited 04/15/2025 Entity BBB- A2 Stable Reaffirmed Textiles
Faran Sugar Mills Limited 04/11/2025 Entity A- A2 Stable Reaffirmed Sugar
K-Electric Limited 04/11/2025 STS-31 A1+ (plim) Preliminary Power Companies
Nadeem Textile Mills Limited 04/11/2025 Entity BBB+ A3 Negative Downgrade Textiles
Foundation Securities (Pvt) Limited 04/10/2025 Entity A A2 Stable Reaffirmed Brokerage & Securities Firms
K-Electric Limited 04/10/2025 STS-30 A1+ Final Power Companies
Fortune Securities Limited 04/10/2025 BMR BMR2 Stable Under Review Brokerage & Securities Firms
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 04/10/2025 Entity A- A2 Stable Under Review Brokerage & Securities Firms
Topline Securities Limited 04/10/2025 BMR BMR2++ Stable Under Review Brokerage & Securities Firms
Sitara Textile Industries Ltd 04/09/2025 Entity Suspended Textiles
Etihad Sugar Mills Limited 04/09/2025 Entity A A2 Stable Reaffirmed Sugar
Agriauto Stamping Company (Pvt) Limited 04/30/2025 Entity A- A2 Stable Under Review Auto & Allied
Transfopower Industries (Pvt) Limited 04/09/2025 Entity A- A2 Stable Under Review Engineering
Sitara Hamza (Pvt) Limited 04/09/2025 Entity BBB A3 Stable Under Review Textiles
The Crescent Textile Mills Limited 04/09/2025 Entity A- A2 Negative Under Review Textiles
EMCO Industries Limited 04/08/2025 Entity Suspended Engineering
Popular International (Pvt) Limited 04/08/2025 Entity Suspended Storage and Distribution
Alliance Sugar Mills (Pvt) Limited 04/07/2025 Entity Suspended Sugar
Bismillah Sehla Processing Plant (Pvt) Limited 04/07/2025 Entity Suspended Consumer Goods
Kompass Pakistan (Pvt) Ltd 04/07/2025 Entity Suspended Paper & Packaging
Shifa International Hospitals Limited 04/08/2025 Entity AA- A1 Positive Maintained Medical and Pharmaceutical
Asian Food Industries Limited 04/07/2025 Entity A- A2 Stable Reaffirmed Consumer Goods
HBL Total Treasure Exchange Traded Fund 03/28/2025 Fund Stability AA- (f) Initial Fund Ratings
Towellers Limited 03/28/2025 Entity A A1 Stable Maintained Textiles
Veda Transit Solutions (Pvt.) Limited 03/28/2025 Entity D Default Transport
Pak kuwait Textiles Limited 03/27/2025 Entity Suspended Textiles
FFBL Power Company Ltd 03/27/2025 Entity AA A1 Stable Upgrade Power Companies
Olympia Oils (Pvt) Limited 03/26/2025 Entity A- A2 Stable Reaffirmed Consumer Goods
FINCA Microfinance Bank Limited 03/25/2025 Entity A- A2 Rating Watch - Developing Note Micro Finance
Sinolink REIT Management Company Limited 03/24/2025 Management Quality AM3 (RMC) Stable Initial Asset Manager Quality
Novatex Limited 03/20/2025 Entity AA A1+ Stable Maintained Paper & Packaging
Omar Jibran Engineering Industries Limited 03/20/2025 Entity Suspended Auto & Allied
Union Apparel (Pvt) Ltd 03/20/2025 Entity A- A2 Rating Watch - Developing Maintained Textiles
Union Fabrics (Pvt) Ltd 03/20/2025 Entity A- A2 Rating Watch - Developing Maintained Textiles
Garibsons (Pvt) Ltd. 03/19/2025 Entity A A2 Stable Reaffirmed Consumer Goods
IMAGE REIT 03/19/2025 REIT Rating RFR3(hr) Stable Initial REIT Ratings
Pakistan Reinsurance Company Limited 03/19/2025 IFS AA+ (IFS) Stable Reaffirmed Insurance
Silk Bank Limited 03/19/2025 TFC-1 Suspended Commercial Banks
Zaman Textile Mills (Pvt) Limited 03/12/2025 Entity A- A2 Stable Reaffirmed Textiles
Pakistan Telecommunication Company Limited 03/11/2025 STS-10 A1+ Final Communication
Pakistan Telecommunication Company Limited 03/11/2025 STS-9 A1+ Final Communication
Alpha Capital (Pvt) Limited 03/11/2025 BFR BFR3 Stable Reaffirmed Brokerage & Securities Firms
Pakistan Telecommunication Company Limited 03/11/2025 STS-8 A1+ Final Communication
Tannu Securities (Pvt) Limited 03/11/2025 BFR Suspended Brokerage & Securities Firms
Naveena Industries Limited 03/10/2025 Entity A- A2 Stable Reaffirmed Textiles
EFU Life Assurance Limited 03/06/2025 IFS AA++ (IFS) Stable Reaffirmed Insurance
Shafi Lifestyle (Pvt) Ltd 03/06/2025 Entity A- A2 Stable Reaffirmed Tanneries and Leather Products
Askari General Insurance Company Limited 03/06/2025 IFS AA+ (IFS) Stable Reaffirmed Insurance
The Co-operative Insurance Society of Pakistan Limited 03/06/2025 IFS BB+ (IFS) Stable Reaffirmed Insurance
Lucky Core Industries Limited (Formerly ICI Pakistan Limited) 03/05/2025 Entity AA A1+ Positive Maintained Chemicals
HBL Money Market Fund 03/03/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
HBL Islamic Money Market Fund 03/03/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
HBL Islamic Income Fund 03/03/2025 Fund Stability A+(f) Reaffirmed Fund Ratings
HBL Income Fund 03/03/2025 Fund Stability A+(f) Reaffirmed Fund Ratings
HBL Government Securities Fund 03/03/2025 Fund Stability AA- (f) Reaffirmed Fund Ratings
HBL Cash Fund 03/03/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
HBL Mehfooz Munafa Fund Plan-III (Under HBL Mehfooz Munafa Fund) 03/03/2025 Fund Stability AA(f) Initial Fund Ratings
HBL Financial Sector Income Fund Plan-II (Under HBL Financial Sector Income Fund) 03/03/2025 Fund Stability AA- (f) Initial Fund Ratings
HBL Financial Sector Income Fund Plan-I (Under HBL Financial Sector Income Fund) 03/03/2025 Fund Stability A+(f) Initial Fund Ratings
Mughal Energy Limited 02/26/2025 Sukuk 1 A+ (plim) Stable Preliminary Power Companies
IGI General Insurance Limited 02/26/2025 IFS AA+ (IFS) Stable Reaffirmed Insurance
Mughal Iron & Steel Industries Limited 02/25/2025 Sukuk 2 AA- (plim) Stable Preliminary Steel & Allied Products
Kausar Ghee Mills (Pvt) Limited 02/26/2025 Entity A A1 Stable Upgrade Consumer Goods
Liberty Daharki Power Limited (Formerly: TNB Liberty Power Limited) 02/24/2025 Entity A+ A1 Stable Reaffirmed Power Companies
Adam Securities Limited 02/21/2025 Entity A- A2 Positive Reaffirmed Brokerage & Securities Firms
EFU General Insurance Limited 02/19/2025 IFS AA++ (IFS) Stable Reaffirmed Insurance
Bhimra Textile Mills (Pvt) Limited 02/18/2025 Entity BBB+ A2 Stable Upgrade Textiles
HKB Retail (SMC-Pvt) Limited 02/18/2025 Entity A- A3 Stable Reaffirmed Miscellaneous
Unity Foods Limited 02/13/2025 Entity A A2 Negative Reaffirmed Consumer Goods
Citi Pharma Limited 02/13/2025 STS A1 Final Medical and Pharmaceutical
Aspin Pharma (Pvt) Limited 02/13/2025 STS A1 Final Medical and Pharmaceutical
Sazgar Engineering Works Limited 02/12/2025 Entity A A1 Positive Upgrade Auto & Allied
Globe Residency - REIT 02/12/2025 REIT Rating RFR2(dr) Stable Reaffirmed REIT Ratings
Next Capital Limited 02/10/2025 BMR BMR2++ Stable Reaffirmed Brokerage & Securities Firms
Dolmen (Pvt) Limited 02/10/2025 Entity A- A2 Stable Reaffirmed Cement & Construction
Jubilee Life Insurance Company Limited 02/11/2025 IFS AA++ (IFS) Stable Reaffirmed Insurance
TS Securities (Pvt) Limited 02/10/2025 BFR BFR3 Stable Initial Broker Management Rating
Meezan Sovereign Fund 02/06/2025 Fund Stability AA(f) Reaffirmed Fund Ratings
Millac Food (Pvt) Limited 02/07/2025 Entity A- A2 Stable Initial Consumer Goods
Blessed Textiles Ltd 02/06/2025 Entity A A1 Stable Reaffirmed Textiles
Faisal Spinning Mills Ltd 02/06/2025 Entity A A1 Stable Reaffirmed Textiles
Jubilee General Insurance Company Limited 02/04/2025 IFS AA++ (IFS) Stable Reaffirmed Insurance
Maple Leaf Capital Limited 02/04/2025 Entity A A1 Stable Upgrade Miscellaneous
Master Changan Motors Limited 03/03/2025 Entity A- A2 Positive Maintained Auto & Allied
Reliance Insurance Company Limited 01/31/2025 IFS A+ (IFS) Stable Reaffirmed Insurance
Bhanero Textile Mills Ltd 01/30/2025 Entity A+ A1 Stable Reaffirmed Textiles
Multiline Securities Limited 01/28/2025 Entity A- A2 Stable Reaffirmed Brokerage & Securities Firms
The Imperial Electric Company (Pvt) Limited 01/27/2025 Entity A- A2 Stable Maintained Engineering
Pak Telecom Mobile Limited 01/28/2025 Entity AA- A1 Stable Reaffirmed Communication
Highnoon Laboratories Ltd 01/24/2025 Entity A+ A1 Positive Reaffirmed Medical and Pharmaceutical
Kot Addu Power Company Limited 01/24/2025 Entity A+ A1 Stable Maintained Power Companies
K-Electric Limited 01/23/2025 Sukuk 6 AA+ Stable Reaffirmed Power Companies
K-Electric Limited 01/23/2025 Sukuk 5 AA+ Stable Reaffirmed Power Companies
K-Electric Limited 01/23/2025 Entity AA A1+ Stable Reaffirmed Power Companies
NIT Islamic Money Market Fund 01/22/2025 Fund Stability AAA (f) Reaffirmed Fund Ratings
UBL Insurers Limited 01/21/2025 IFS AA+ (IFS) Stable Reaffirmed Insurance
Cyan Limited 01/20/2025 Entity A A1 Stable Reaffirmed NBFCs
BBJ Pipe Industries Limited 01/20/2025 Entity BBB+ A2 Stable Update Steel & Allied Products
Treet Corporation Limited 01/20/2025 Entity A- A2 Stable Reaffirmed Consumer Goods
Sui Northern Gas Pipelines Limited 01/21/2025 Entity AA+ A1+ Stable Reaffirmed Oil & Gas
Dairyland (Pvt) Limited 01/17/2025 Entity A- A2 Positive Reaffirmed Consumer Goods
Associated Technologies (Pvt) Limited 01/17/2025 Entity A- A2 Stable Reaffirmed Miscellaneous
First Paramount Modaraba 01/16/2025 Entity BBB A3 Stable Reaffirmed Modarabas
Pearl Securities Limited 01/17/2025 BFR BFR3 Stable Initial Brokerage & Securities Firms
AA Spinning Mills Limited 01/16/2025 Entity A- A2 Stable Reaffirmed Textiles
Lahore Sialkot Motorway Infrastructure Management (Pvt) Ltd 01/14/2025 Entity A- A2 Stable Reaffirmed Cement & Construction
Shirazi Investments (Pvt) Limited 01/13/2025 Entity AA A1+ Stable Reaffirmed Miscellaneous
Pakistan Telecommunication Company Limited 01/10/2025 Entity AAA A1+ Stable Reaffirmed Communication
At-Tahur Limited 01/09/2025 STS A1 Final Consumer Goods
Arif Habib Dolmen REIT Management Limited 01/09/2025 Management Quality AM2 +(RMC) Stable Reaffirmed Asset Manager Quality
Al Ameen Islamic Sovereign Fund 01/14/2025 Fund Stability AA(f) Reaffirmed Fund Ratings
Al Ameen Islamic Cash Fund 01/14/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
Al Ameen Islamic Aggressive Income Fund 01/14/2025 Fund Stability A+(f) Reaffirmed Fund Ratings
UBL Growth & Income Fund 01/09/2025 Fund Stability A+(f) Reaffirmed Fund Ratings
UBL Government Securities Fund 01/10/2025 Fund Stability AA(f) Reaffirmed Fund Ratings
UBL Fund Managers Limited 01/09/2025 Management Quality AM1 Stable Reaffirmed Asset Manager Quality
UBL Income Opportunity Fund 01/10/2025 Fund Stability AA- (f) Reaffirmed Fund Ratings
UBL Liquidity Plus Fund 01/09/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
UBL Money Market Fund 01/10/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
Atlas Solar Limited (Formerly: Zhenfa Pakistan New Energy Company Limited) 01/07/2025 Entity A A2 Positive Maintained Power Companies
Matco Foods Limited 01/06/2025 STS A1 (plim) Preliminary Consumer Goods
Matco Foods Limited 01/06/2025 Entity BBB+ A2 Stable Reaffirmed Consumer Goods
Meezan Rozana Amdani Fund 01/06/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
Meezan Islamic Income Fund 01/06/2025 Fund Stability A+(f) Reaffirmed Fund Ratings
Meezan Daily Income Plan-I 01/06/2025 Fund Stability AA- (f) Upgrade Fund Ratings
Meezan Cash Fund 01/05/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
NIT Social Impact Fund 01/03/2025 Fund Stability A+(f) Reaffirmed Fund Ratings
Alfalah Asset Management Limited 01/02/2025 Management Quality AM1 Stable Reaffirmed Asset Manager Quality
Askari Sovereign Yield Enhancer 01/01/2025 Fund Stability AA- (f) Reaffirmed Fund Ratings
Askari Cash Fund 01/01/2025 Fund Stability AA+(f) Reaffirmed Fund Ratings
Lucky Renewables (Pvt) Limited (Formerly: Tricom Wind Power (Pvt) Limited) 01/01/2025 Entity A A2 Stable Reaffirmed Power Companies
National Investment Trust Limited 01/01/2025 Management Quality AM1 Stable Reaffirmed Asset Manager Quality
Security General Insurance Company Limited 12/31/2024 IFS AA+ (IFS) Stable Reaffirmed Insurance
HBL- Asset Management Limited 12/31/2024 Management Quality AM1 Stable Reaffirmed Asset Manager Quality
Al-Meezan Investment Management Limited 12/31/2024 Management Quality AM1 Stable Reaffirmed Asset Manager Quality
Century Insurance Company Limited 12/31/2024 IFS AA (IFS) Stable Reaffirmed Insurance
Bunny's Limited 12/31/2024 Entity A- A2 Negative Maintained Consumer Goods
Faizan Steel 12/30/2024 Entity BBB+ A2 Stable Reaffirmed Steel & Allied Products
Hi-Tech Lubricants Limited 12/31/2024 Entity A- A2 Stable Reaffirmed Oil & Gas
Asher Imran Spinning Mills (Pvt) Limited 12/30/2024 Entity A- A2 Stable Reaffirmed Textiles
Faysal Islamic Savings Growth Fund 12/27/2024 Fund Stability A+(f) Reaffirmed Fund Ratings
Faysal Cash Fund 12/27/2024 Fund Stability AA+(f) Reaffirmed Fund Ratings
Faysal Islamic Cash Fund 12/27/2024 Fund Stability AA(f) Reaffirmed Fund Ratings
Shadab Textile Mills Limited 12/27/2024 Entity A- A2 Stable Maintained Textiles
AL Habib Money Market Fund 12/27/2024 Fund Stability AAA (f) Upgrade Fund Ratings
AL Habib Cash Fund (formerly First Habib Cash Fund) 12/27/2024 Fund Stability AAA (f) Upgrade Fund Ratings
Sunridge Foods (Private) Limited 12/26/2024 Sukuk 1 AAA (plim) Stable Preliminary Consumer Goods
Chubb Insurance Pakistan Limited 12/26/2024 IFS AA+ (IFS) Stable Reaffirmed Insurance
JK Dairies (Pvt) Limited 04/22/2025 Entity BBB+ A2 Stable Reaffirmed Consumer Goods
Pak-Gulf Leasing Company Limited 12/24/2024 Entity A- A2 Stable Reaffirmed Leasing
Power Cement Ltd 12/23/2024 Entity A- A2 Stable Reaffirmed Cement & Construction
Aisha Steel Mills Limited 12/23/2024 Entity BBB+ A2 Stable Reaffirmed Steel & Allied Products
Sadaqat Limited 12/19/2024 TFC A Stable Reaffirmed Textiles
Sadaqat Limited 12/19/2024 Entity A A2 Stable Reaffirmed Textiles
Servo Motor Oil (Pvt) Limited 12/19/2024 Entity BBB A2 Stable Reaffirmed Oil & Gas
GoldFin Limited 12/19/2024 Entity A- A2 Stable Initial NBFCs
AKIK Capital (Pvt) Ltd 12/19/2024 BMR BMR3 Stable Reaffirmed Brokerage & Securities Firms
Thal Limited 12/18/2024 Entity AA A1+ Stable Reaffirmed Auto & Allied
Crescent Steel & Allied Products Limited 12/17/2024 Sukuk 1 A- Stable Reaffirmed Steel & Allied Products
Crescent Steel & Allied Products Limited 12/17/2024 Entity A- A2 Stable Reaffirmed Steel & Allied Products
Citi Pharma Limited 12/16/2024 Entity A A1 Stable Initial Medical and Pharmaceutical
Pakistan Kuwait Investment Company (Pvt) Limited 12/13/2024 CGR CGR 9+ Reaffirmed DFIs
Thal Power (Pvt) Limited 12/12/2024 Entity AA A1+ Stable Reaffirmed Power Companies
Pakistan State Oil Company Limited 12/12/2024 Entity AA+ A1+ Stable Reaffirmed Oil & Gas
Zephyr Textiles Limited 12/11/2024 Entity BBB+ A2 Stable Maintained Textiles
H.A Fibres (Pvt) Limited 12/11/2024 Entity A A2 Stable Upgrade Textiles
Gadoon Textile Mills Limited 12/09/2024 Entity A+ A1 Stable Reaffirmed Textiles
International Packaging Films Ltd 12/09/2024 Entity A A1 Stable Reaffirmed Paper & Packaging
Akram Cotton Mills Limited 12/06/2024 Entity BBB A2 Stable Reaffirmed Textiles
National Power Parks Management Company (Pvt) Limited 12/06/2024 Entity AA+ A1+ Stable Maintained Power Companies
Shields REIT Management Company Limited 12/05/2024 Management Quality AM4 +(RMC) Stable Reaffirmed Asset Manager Quality
Swat Expressway Planning Construction and Operations (Pvt) Limited 12/05/2024 Entity A- A2 Stable Reaffirmed Cement & Construction
Oil & Gas Development Company Limited 12/04/2024 Entity AAA A1+ Stable Reaffirmed Oil & Gas
Sohail Textile Mills Limited 12/03/2024 Entity BBB- A2 Stable Reaffirmed Textiles
Lucky Textile Mills Limited 12/02/2024 Entity AA- A1+ Stable Upgrade Textiles
Dolmen City REIT 12/02/2024 REIT Rating AAA (rr) Stable Reaffirmed REIT Ratings
Next Capital Limited 11/28/2024 Entity A- A2 Stable Reaffirmed Brokerage & Securities Firms
Pakistan Currency Exchange Company (Private) Limited 11/28/2024 Entity A- A2 Stable Reaffirmed Exchange Companies
Agriauto Industries Limited 11/26/2024 Entity A- A1 Stable Reaffirmed Auto & Allied
Nishat Chunian Power Limited 11/25/2024 Entity A+ A2 Stable Reaffirmed Power Companies
Topline Securities Limited 11/25/2024 Entity A A1 Stable Reaffirmed Brokerage & Securities Firms
CBM Plastics (Pvt) Limited 11/22/2024 Entity BBB+ A2 Positive Maintained Paper & Packaging
Oil Industries Pakistan Limited 11/21/2024 Entity A- A2 Stable Reaffirmed Oil & Gas
Fast Cables Limited 11/21/2024 Entity A A2 Stable Upgrade Engineering
Malir Expressway Limited 11/20/2024 Entity A- A2 Stable Reaffirmed Cement & Construction
Pakistan Cables Limited 11/20/2024 Entity A A1 Negative Reaffirmed Engineering
Sachal Engineering Works (Pvt) Limited 11/18/2024 Entity A- A2 Stable Reaffirmed Cement & Construction
Mughal Iron & Steel Industries Limited 11/18/2024 Sukuk 1 A+ Stable Reaffirmed Steel & Allied Products
Mughal Iron & Steel Industries Limited 11/18/2024 Entity A+ A1 Stable Reaffirmed Steel & Allied Products
Indus Motor Company Ltd 11/15/2024 Entity AA+ A1+ Stable Reaffirmed Auto & Allied
Golden Harvest Foods (Pvt) Limited 11/14/2024 Entity BBB+ A2 Stable Reaffirmed Consumer Goods
Noventa Pharma (Private) Limited 11/14/2024 Entity A A2 Stable Initial Medical and Pharmaceutical
Shahtaj Textile Limited 11/13/2024 Entity A- A2 Stable Reaffirmed Textiles
Sindh Modaraba 11/13/2024 Entity A+ A1 Stable Reaffirmed Modarabas
Primus Leasing Limited 11/12/2024 Entity A+ A1 Stable Reaffirmed Leasing
Ranipur Sugar Mills (Pvt) Limited 11/12/2024 Entity A- A2 Stable Initial Sugar
Allied Bank Limited - CGR 11/11/2024 CGR CGR 9++ Reaffirmed Commercial Banks
Lucky Cement Limited 11/08/2024 Entity AA+ A1+ Stable Reaffirmed Cement & Construction
BMA Capital Management Limited 11/08/2024 BFR BFR2 Stable Upgrade Brokerage & Securities Firms
Kohinoor Mills Limited 11/08/2024 Entity BBB+ A2 Stable Maintained Textiles
Gujranwala Electric Power Company 11/08/2024 Entity AA- A1 Stable Initial Power Companies
Metco Textile (Pvt) Limited 11/06/2024 Entity A- A2 Stable Maintained Textiles
Arif Habib Limited 11/05/2024 Entity AA- A1 Rating Watch - Developing Maintained Brokerage & Securities Firms
OBS Pakistan (Pvt) Limited 11/05/2024 Sukuk 2 A+ Stable Reaffirmed Medical and Pharmaceutical
OBS Pakistan (Pvt) Limited 11/05/2024 Sukuk 1 A+ Stable Reaffirmed Medical and Pharmaceutical
OBS Pakistan (Pvt) Limited 11/05/2024 Entity A A2 Stable Reaffirmed Medical and Pharmaceutical
Aspin Pharma (Pvt) Limited 11/04/2024 Entity A A1 Stable Reaffirmed Medical and Pharmaceutical
Optimus Limited 11/04/2024 Entity BBB+ A2 Stable Reaffirmed Miscellaneous
Next Capital Limited 10/31/2024 BFR BFR2 Stable Reaffirmed Brokerage & Securities Firms
Devsinc (Pvt) Limited 10/31/2024 Entity BBB+ A2 Stable Initial Miscellaneous
OBS AGP (Pvt) Limited 10/31/2024 Sukuk 1 A+ Stable Reaffirmed Medical and Pharmaceutical
OBS AGP (Pvt) Limited 10/31/2024 Entity A A1 Stable Reaffirmed Medical and Pharmaceutical
International Steels Limited 10/29/2024 Entity A+ A1 Stable Reaffirmed Steel & Allied Products
Faysal Government Securities Fund 10/28/2024 Fund Stability AA(f) Reaffirmed Fund Ratings
Bismillah Textiles Limited 10/28/2024 Entity A- A2 Stable Upgrade Textiles
Indus Dyeing & Manufacturing Co Limited 10/25/2024 Entity A+ A1 Stable Reaffirmed Textiles
Sunrays Textile Mills Limited 10/25/2024 Entity A- A1 Stable Reaffirmed Textiles
Indus Lyallpur Limited 10/25/2024 Entity A- A2 Stable Reaffirmed Textiles
Kohinoor Textile Mills Limited 10/23/2024 Entity A+ A1 Stable Reaffirmed Textiles
International Industries Limited 10/22/2024 Entity AA- A1 Stable Reaffirmed Steel & Allied Products
Engro Enfrashare (Pvt) Ltd 10/21/2024 Entity A- A2 Stable Reaffirmed Communication
Foundation Securities (Pvt) Limited 10/18/2024 BFR BFR3++ Stable Reaffirmed Brokerage & Securities Firms
Indus Sugar Mills Limited 10/16/2024 Entity A- A1 Stable Reaffirmed Sugar
Maple Leaf Cement Factory Ltd 10/11/2024 Entity A A1 Stable Reaffirmed Cement & Construction
NASDA Green Energy Limited 10/10/2024 Entity A- A2 Stable Reaffirmed Power Companies
Javedan Corporation Ltd. 10/09/2024 Sukuk 1 AA- Stable Reaffirmed Cement & Construction
Javedan Corporation Ltd. 10/09/2024 Entity A+ A1 Stable Reaffirmed Cement & Construction
Growth Securities (Pvt) Limited 10/07/2024 Entity A- A2 Stable Maintained Brokerage & Securities Firms
Sapphire Textile Mills Limited 10/08/2024 Entity A+ A1 Stable Reaffirmed Textiles
Taurus Securities Limited 10/04/2024 Entity A A2 Stable Maintained Brokerage & Securities Firms
Al-Ghazi Tractors Ltd. 10/03/2024 Entity A+ A1 Stable Reaffirmed Auto & Allied
Punjab Thermal Power (Pvt) Limited 10/02/2024 Entity AA A1 Stable Reaffirmed Power Companies
Gharo Solar Ltd 09/26/2024 Entity A+ A1 Stable Upgrade Power Companies
Quaid-e-Azam Thermal Power (Pvt) Limited 09/23/2024 Entity AA+ A1+ Stable Upgrade Power Companies
Maple Leaf Power Limited 09/23/2024 Entity A A1 Stable Initial Power Companies
OBS Pharma (Pvt) Limited 09/23/2024 STS-2 A1 (plim) Preliminary Medical and Pharmaceutical
OBS Pharma (Pvt) Limited 09/23/2024 BLR A+ (blr) Stable Reaffirmed Medical and Pharmaceutical
OBS Pharma (Pvt) Limited 09/23/2024 Entity A A1 Stable Reaffirmed Medical and Pharmaceutical
Insight Securities (Pvt) Ltd 09/20/2024 Entity BBB+ A2 Stable Reaffirmed Brokerage & Securities Firms
RYK Mills Limited 09/19/2024 Entity A A2 Positive Reaffirmed Sugar
Tauseef Enterprises (Pvt) Limited 09/19/2024 Entity A- A2 Stable Initial Textiles
The Thal Industries Corporation Limited 09/16/2024 Entity A A2 Positive Reaffirmed Sugar
Almoiz Industries Ltd 09/13/2024 Entity A A2 Stable Reaffirmed Sugar
Ana & Batla Industries (Pvt) Ltd 09/12/2024 Entity BBB A2 Stable Reaffirmed Miscellaneous
Thatta Cement Company Ltd 09/12/2024 Entity A A2 Stable Upgrade Cement & Construction
Agro Processors and Atmospheric Gases Limited 09/11/2024 Entity BBB+ A2 Stable Upgrade Consumer Goods
Taleem Finance Company Limited 09/11/2024 Entity BBB A2 Stable Initial NBFCs
Pak Oman Investment Company Limited 09/11/2024 CGR CGR 9+ Upgrade DFIs
Premier Sales (Pvt) Limited 09/11/2024 Entity A A1 Stable Reaffirmed Storage and Distribution
Sunridge Foods (Private) Limited 09/10/2024 Entity BBB+ A3 Stable Initial Consumer Goods
Utopia Industries (Pvt) Limited 09/10/2024 Entity A- A2 Stable Reaffirmed Textiles
PGP Consortium Limited 09/10/2024 Sukuk 1 AA- (plim) Stable Preliminary Oil & Gas
PGP Consortium Limited 09/10/2024 Pref Share BBB+ Stable Upgrade Oil & Gas
PGP Consortium Limited 09/10/2024 Entity A A2 Stable Upgrade Oil & Gas
Al Karam Towel Industries (Pvt) Ltd 09/10/2024 Entity A- A2 Stable Reaffirmed Textiles
Indus Wind Energy Limited 09/10/2024 Entity A A2 Stable Reaffirmed Power Companies
Faysal Asset Management Limited 09/10/2024 Management Quality AM1 Stable Upgrade Asset Manager Quality
Muller & Phipps Pakistan (Pvt) Limited 09/09/2024 Entity A+ A1 Stable Reaffirmed Storage and Distribution
Soorty Enterprises (Pvt) Limited 09/06/2024 Entity AA- A1 Stable Reaffirmed Textiles
Investment Managers Securities Private Limited 09/06/2024 BMR BMR3 Stable Reaffirmed Brokerage & Securities Firms
Chashma Sugar Mills Ltd 09/06/2024 Entity A- A2 Stable Reaffirmed Sugar
Comfort Knitwears (Pvt) Ltd 09/05/2024 Entity A- A2 Stable Reaffirmed Textiles
Engro Powergen Qadirpur Limited 09/04/2024 Entity AA- A1 Stable Maintained Power Companies
Fatima Fertilizer Company Limited 09/03/2024 Entity AA+ A1+ Stable Reaffirmed Fertilizer
Rajby Textiles (Pvt) Limited 09/03/2024 Entity A- A2 Stable Reaffirmed Textiles
Archroma Pakistan Ltd 09/03/2024 Entity AA A1 Negative Maintained Chemicals
Darson Securities (Pvt) Limited 08/30/2024 Entity BBB+ A2 Stable Reaffirmed Brokerage & Securities Firms
Al-Karam Textile Mills (Pvt) Limited 08/27/2024 Sukuk 1 A Stable Final Textiles
Shahmurad Sugar Mills Ltd 08/26/2024 Entity A A2 Positive Maintained Sugar
Al-Noor Sugar Mills Ltd. 08/26/2024 Entity A- A2 Stable Maintained Sugar
Gamalux Oleochemicals Limited 08/26/2024 Entity A- A2 Stable Reaffirmed Chemicals
Growth Securities (Pvt) Limited 08/23/2024 BFR BFR3+ Stable Initial Brokerage & Securities Firms
Faysal Islamic Financial Growth Plan-I (Under Faysal Islamic Financial Growth Fund) 08/23/2024 Fund Stability A+(f) Initial Fund Ratings
Integrated Equities Limited 08/21/2024 Entity A- A2 Stable Initial Brokerage & Securities Firms
Rizwan Enterprises 08/21/2024 Entity A- A1 Stable Reaffirmed Textiles
Taj Gasoline (Pvt.) Limited 08/21/2024 Entity A A2 Stable Upgrade Oil & Gas
Faysal Islamic Sovereign Fund Plan-II (Under Faysal Islamic Sovereign Fund) 08/20/2024 Fund Stability AA(f) Initial Fund Ratings
AJ Power (Pvt) Ltd 08/19/2024 Entity A+ A2 Stable Upgrade Power Companies
AKIK Capital (Pvt) Ltd 08/16/2024 BFR BFR3 Stable Reaffirmed Brokerage & Securities Firms
Faisalabad Oil Refinery (Pvt) Limited 08/16/2024 Entity A- A2 Stable Reaffirmed Consumer Goods
Neelum Jhelum Hydropower Company (Pvt) Ltd 08/16/2024 Sukuk 1 AAA Stable Note Power Companies
Madina Sugar Mills Limited 08/13/2024 Entity A- A2 Stable Reaffirmed Sugar
Trukkr Financial Services Limited 08/12/2024 Entity A- A2 Stable Initial NBFCs
Indus Home Limited 08/08/2024 Entity A- A2 Stable Reaffirmed Textiles
J.K Spinning Mills Limited 08/08/2024 Entity A- A1 Stable Reaffirmed Textiles
Avari Hotels (Pvt) Limited 08/08/2024 BLR AA (blr) Stable Reaffirmed Miscellaneous
Floret Commodities (Pvt) Limited 08/05/2024 BFR BFR3 Stable Initial Brokerage & Securities Firms
Sheikhoo Sugar Mills Limited 08/05/2024 Entity A- A2 Stable Reaffirmed Sugar
The United Insurance Company of Pakistan Limited 08/05/2024 IFS AA+ (IFS) Stable Reaffirmed Insurance
Everfresh Farms (Pvt) Limited 08/02/2024 Entity A- A2 Stable Upgrade Consumer Goods
Macter International Limited 08/02/2024 Entity A A1 Stable Upgrade Medical and Pharmaceutical
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited 07/31/2024 BLR AA (blr, plim) Stable Preliminary Cement & Construction
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited 07/31/2024 Entity A A2 Stable Reaffirmed Cement & Construction
K.S.F Tri Zone Industries (Pvt) Ltd 07/30/2024 Entity BBB+ A2 Stable Reaffirmed Paper & Packaging
Madina Private Limited 07/30/2024 Entity BBB A2 Stable Reaffirmed Consumer Goods
Akhtar Textile Industries (Pvt) Ltd 07/30/2024 Entity A A2 Stable Reaffirmed Textiles
Frontier Foundry Steel Limited 07/24/2024 Entity A A1 Stable Reaffirmed Steel & Allied Products
Sheikhupura Textile Mills Limited 07/24/2024 Entity BBB A2 Positive Maintained Textiles
Indigo Textile (Pvt) Limited 07/19/2024 Entity A A1 Stable Reaffirmed Textiles
Interloop Limited 07/18/2024 Entity AA- A1 Stable Upgrade Textiles
Rajby Industries 07/15/2024 Entity A- A2 Positive Maintained Textiles
MicroTech Industries (Pvt) Limited 07/12/2024 Entity A- A2 Stable Initial Miscellaneous
Faysal Islamic Sovereign Fund Plan-I (Under Faysal Islamic Sovereign Fund) 07/10/2024 Fund Stability AA(f) Initial Fund Ratings
The Searle Company Limited 07/10/2024 Entity AA- A1 Stable Maintained Medical and Pharmaceutical
Naveena Steels Mills (Pvt) Limited 07/09/2024 Entity A- A2 Negative Maintained Steel & Allied Products
Multiline Securities Limited 07/09/2024 BFR BFR3+ Stable Reaffirmed Brokerage & Securities Firms
Nishat (Chunian) Limited 07/05/2024 Entity A- A2 Stable Reaffirmed Textiles
Kamal Textile Mills (Pvt) Ltd 07/03/2024 Entity A- A2 Stable Reaffirmed Textiles
Shakarganj Food Products Limited 07/03/2024 Entity BBB- A3 Stable Maintained Consumer Goods
Shakarganj Food Products Limited 07/03/2024 Sukuk 1 BBB- Stable Downgrade Consumer Goods
Yunus Energy Limited 07/03/2024 Entity A+ A1 Stable Reaffirmed Power Companies
The Organic Meat Company Limited 07/02/2024 Entity A A1 Stable Upgrade Consumer Goods
Dynamic Sportswear (Pvt) Limited 07/01/2024 Entity A- A2 Stable Reaffirmed Textiles
Al Baraka Bank (Pakistan) Limited 07/05/2024 Sukuk 2 A Positive Maintained Commercial Banks
Al Baraka Bank (Pakistan) Limited 07/05/2024 Entity A+ A1 Positive Maintained Commercial Banks
The Bank of Khyber 06/28/2024 Entity A+ A1 Stable Reaffirmed Commercial Banks
Sindh Bank Ltd 06/28/2024 Entity AA- A1+ Stable Upgrade Commercial Banks
Faysal Bank Limited 06/28/2024 Entity AA A1+ Positive Maintained Commercial Banks
Summit Capital (Pvt) Limited 06/28/2024 BFR BFR3 Stable Initial Brokerage & Securities Firms
Meezan Bank Limited 07/12/2024 Sukuk 4 AAA Stable Reaffirmed Commercial Banks
Meezan Bank Limited 06/28/2024 Sukuk 3 AAA Stable Reaffirmed Commercial Banks
Meezan Bank Limited 06/28/2024 Sukuk 2 AA+ Stable Reaffirmed Commercial Banks
Meezan Bank Limited 06/28/2024 Entity AAA A1+ Stable Reaffirmed Commercial Banks
Taurus Securities Limited 06/28/2024 BMR BMR2+ Stable Reaffirmed Brokerage & Securities Firms
Taurus Securities Limited 06/28/2024 BFR BFR3+ Stable Reaffirmed Brokerage & Securities Firms
Pak China Investment Company Limited 06/28/2024 Entity AAA A1+ Stable Reaffirmed DFIs
Habib Bank Limited 06/28/2024 TFC-3 AA+ Stable Reaffirmed Commercial Banks
Habib Bank Limited 06/28/2024 TFC-2 AA+ Stable Reaffirmed Commercial Banks
Habib Bank Limited 06/28/2024 Entity AAA A1+ Stable Reaffirmed Commercial Banks
Pak Brunei Investment Company Limited 06/28/2024 Entity AA+ A1+ Stable Reaffirmed DFIs
Saudi Pak Industrial and Agricultural Investment Company Limited 06/28/2024 Entity AA+ A1+ Stable Reaffirmed DFIs
Pak Oman Investment Company Limited 06/28/2024 Entity AA+ A1+ Stable Reaffirmed DFIs
Dubai Islamic Bank Pakistan Ltd 06/27/2024 Sukuk 3 AA- Stable Reaffirmed Commercial Banks
Dubai Islamic Bank Pakistan Ltd 06/27/2024 Sukuk 2 A+ Stable Reaffirmed Commercial Banks
Dubai Islamic Bank Pakistan Ltd 06/27/2024 Entity AA A1+ Stable Reaffirmed Commercial Banks
Zarai Taraqiati Bank Limited 06/27/2024 Entity AAA A1+ Stable Reaffirmed DFIs
United Bank Limited 06/26/2024 TFC-5 AA+ Stable Reaffirmed Commercial Banks
United Bank Limited 06/26/2024 Entity AAA A1+ Stable Reaffirmed Commercial Banks
National Bank of Pakistan 06/26/2024 Entity AAA A1+ Stable Reaffirmed Commercial Banks
Power Chemical Industries Limited 06/24/2024 Entity A- A2 Stable Reaffirmed Chemicals
Crescent Bahuman Limited 06/24/2024 Entity A- A2 Positive Maintained Textiles
AKD Securities Limited 06/21/2024 Entity AA- A1 Stable Reaffirmed Brokerage & Securities Firms
Adam Securities Limited 06/20/2024 BFR BFR2 Stable Upgrade Brokerage & Securities Firms
M.K Sons (Pvt) Ltd 06/14/2024 Entity A- A2 Stable Reaffirmed Textiles
Shahtaj Sugar Mills Limited 06/14/2024 Entity A- A2 Stable Initial Sugar
Sitara Chemical Industries Limited 06/14/2024 Entity A+ A2 Stable Reaffirmed Chemicals
Magnus Investments Limited 06/14/2024 Management Quality AM2++(IA) Stable Reaffirmed Asset Manager Quality
AGI Denim 06/12/2024 Entity A+ A1 Stable Upgrade Textiles
Karachi Grain (Pvt) Limited 06/11/2024 Entity BBB+ A2 Stable Reaffirmed Consumer Goods
At-Tahur Limited 06/11/2024 Entity A- A2 Stable Maintained Consumer Goods
U Microfinance Bank Limited 06/10/2024 TFC-2 A- Stable Reaffirmed Micro Finance
U Microfinance Bank Limited 06/10/2024 Entity A+ A1 Stable Reaffirmed Micro Finance
DWP Technologies (Pvt) Limited 06/07/2024 Entity A- A2 Stable Reaffirmed Engineering
Digital World Pakistan (Pvt) Limited 06/07/2024 Entity A- A2 Stable Maintained Engineering
Enertech Water (Pvt) Limited 06/06/2024 Entity AA A1 Stable Initial Cement & Construction
Premium Textile Mills Limited 06/05/2024 Entity A- A2 Stable Reaffirmed Textiles
SOS Capital Limited 06/04/2024 BFR BFR3 (plim) Stable Preliminary Brokerage & Securities Firms
House Building Finance Company Limited 06/04/2024 Entity AAA A1+ Stable Upgrade DFIs
Naveena Exports Limited 06/04/2024 Entity A A1 Stable Reaffirmed Textiles
Khalid Shafique Spinning Mills Limited 06/03/2024 Entity BBB+ A2 Stable Maintained Textiles
Khushhali Microfinance Bank Limited 05/30/2024 Entity A- A2 Rating Watch - Negative Reaffirmed Micro Finance
Khushhali Microfinance Bank Limited 05/30/2024 TFC-2 B Negative Maintained Micro Finance
Khushhali Microfinance Bank Limited 05/30/2024 TFC-1 B Negative Maintained Micro Finance
DJM Securities Limited 05/29/2024 BFR BFR3 Stable Reaffirmed Brokerage & Securities Firms
DJM Securities Limited 05/29/2024 BMR BMR3+ Stable Reaffirmed Brokerage & Securities Firms
ABL Islamic Asset Allocation Fund MFP Ranking Fund Ratings
ABL Islamic Dedicated Stock Fund MFP Ranking Fund Ratings
ABL Islamic Stock Fund MFP Ranking Fund Ratings
ABL Stock Fund MFP Ranking Fund Ratings
AKD Islamic Stock Fund MFP Ranking Fund Ratings
AKD Opportunity Fund MFP Ranking Fund Ratings
Al Ameen Islamic Asset Allocation Fund MFP Ranking Fund Ratings
Al Ameen Islamic Energy Fund MFP Ranking Fund Ratings
Al Ameen Shariah Stock Fund MFP Ranking Fund Ratings
AL Habib Asset Allocation Fund MFP Ranking Fund Ratings
AL Habib Islamic Stock Fund MFP Ranking Fund Ratings
AL Habib Stock Fund MFP Ranking Fund Ratings
Al Meezan Mutual Fund MFP Ranking Fund Ratings
Alfalah GHP Alpha Fund MFP Ranking Fund Ratings
Alfalah GHP Islamic Dedicated Equity Fund MFP Ranking Fund Ratings
Alfalah GHP Islamic Stock Fund MFP Ranking Fund Ratings
Alfalah GHP Islamic Value Fund MFP Ranking Fund Ratings
Alfalah GHP Stock Fund MFP Ranking Fund Ratings
Alfalah GHP Value Fund MFP Ranking Fund Ratings
Alhamra Islamic Asset Allocation Fund MFP Ranking Fund Ratings
Alhamra Islamic Stock Fund MFP Ranking Fund Ratings
Allied Finergy Fund MFP Ranking Fund Ratings
Atlas Islamic Dedicated Stock Fund MFP Ranking Fund Ratings
Atlas Islamic Stock Fund MFP Ranking Fund Ratings
Atlas Stock Market Fund MFP Ranking Fund Ratings
AWT Islamic Stock Fund MFP Ranking Fund Ratings
AWT Stock Fund MFP Ranking Fund Ratings
Faysal Asset Allocation Fund MFP Ranking Fund Ratings
Faysal Financial Value Fund MFP Ranking Fund Ratings
Faysal Islamic Asset Allocation Fund MFP Ranking Fund Ratings
Faysal Islamic Dedicated Equity Fund MFP Ranking Fund Ratings
Faysal Islamic Stock Fund MFP Ranking Fund Ratings
Faysal Stock Fund MFP Ranking Fund Ratings
First Capital Mutual Fund MFP Ranking Fund Ratings
Golden Arrow Stock Fund MFP Ranking Fund Ratings
HBL Energy Fund MFP Ranking Fund Ratings
HBL Equity Fund MFP Ranking Fund Ratings
HBL Growth Fund-Class A MFP Ranking Fund Ratings
HBL Growth Fund-Class B MFP Ranking Fund Ratings
HBL Investment Fund-Class A MFP Ranking Fund Ratings
HBL Investment Fund-Class B MFP Ranking Fund Ratings
HBL Islamic Asset Allocation Fund MFP Ranking Fund Ratings
HBL Islamic Asset Allocation Fund Plan I MFP Ranking Fund Ratings
HBL Islamic Asset Allocation Fund Plan II MFP Ranking Fund Ratings
HBL Islamic Equity Fund MFP Ranking Fund Ratings
HBL Islamic Stock Fund MFP Ranking Fund Ratings
HBL Multi Asset Fund MFP Ranking Fund Ratings
HBL Stock Fund MFP Ranking Fund Ratings
JS Growth Fund MFP Ranking Fund Ratings
JS Islamic Fund MFP Ranking Fund Ratings
JS large Capital Fund MFP Ranking Fund Ratings
Lakson Asset Allocation Developed Markets Fund MFP Ranking Fund Ratings
Lakson Equity Fund MFP Ranking Fund Ratings
Lakson Islamic Tactical Fund MFP Ranking Fund Ratings
Lakson Tactical Fund MFP Ranking Fund Ratings
MCB Pakistan Asset Allocation Fund MFP Ranking Fund Ratings
MCB Pakistan Opportunity Fund (MCB Pakistan Dividend Yield Plan) MFP Ranking Fund Ratings
MCB Pakistan Stock Market Fund MFP Ranking Fund Ratings
Meezan Asset Allocation Fund MFP Ranking Fund Ratings
Meezan Dedicated Equity Fund MFP Ranking Fund Ratings
Meezan Energy Fund MFP Ranking Fund Ratings
Meezan Islamic Fund MFP Ranking Fund Ratings
National Investment Unit Trust MFP Ranking Fund Ratings
NBP Balanced Fund MFP Ranking Fund Ratings
NBP Financial Sector Fund MFP Ranking Fund Ratings
NBP Islamic Energy Fund MFP Ranking Fund Ratings
NBP Islamic Sarmaya Izafa Fund MFP Ranking Fund Ratings
NBP Islamic Stock Fund MFP Ranking Fund Ratings
NBP Sarmaya Izafa Fund MFP Ranking Fund Ratings
NBP Stock Fund MFP Ranking Fund Ratings
NIT Asset Allocation Fund MFP Ranking Fund Ratings
NIT Islamic Equity Fund MFP Ranking Fund Ratings
Pak Oman Advantage Asset Allocation Fund MFP Ranking Fund Ratings
Pak Oman Islamic Asset Allocation Fund MFP Ranking Fund Ratings
Pak Qatar Islamic Stock Fund MFP Ranking Fund Ratings
Pakistan Capital Market Fund MFP Ranking Fund Ratings
UBL Asset Allocation Fund MFP Ranking Fund Ratings
UBL Financial Sector Fund MFP Ranking Fund Ratings
UBL Stock Advantage Fund MFP Ranking Fund Ratings
Unit Trust of Pakistan MFP Ranking Fund Ratings
Procon Engineering (Pvt) Limited 05/22/2024 Entity A A2 Stable Maintained Auto & Allied
Standard Capital Securities (Private) Limited 05/22/2024 BMR BMR2 Stable Reaffirmed Brokerage & Securities Firms
Standard Capital Securities (Private) Limited 05/22/2024 BFR BFR3 Stable Reaffirmed Brokerage & Securities Firms
Agha Steel Industries Limited 05/22/2024 Entity CCC C Negative Downgrade Steel & Allied Products
Agha Steel Industries Limited 05/22/2024 Sukuk 3 D Default Steel & Allied Products
AKD Securities Limited 05/20/2024 BMR BMR1 Stable Reaffirmed Brokerage & Securities Firms
Service Sales Corporation (Pvt) Limited 05/20/2024 Entity A- A2 Stable Initial Miscellaneous
Gatron (Industries) Limited 05/17/2024 Entity A- A2 Stable Reaffirmed Textiles
Amna Industries (Pvt) Limited 05/17/2024 Entity BBB+ A2 Negative Maintained Textiles
Muhammad Munir Muhammad Ahmed Khanani Securities Limited 05/16/2024 BFR BFR2 Stable Reaffirmed Brokerage & Securities Firms
AKD Securities Limited 05/15/2024 BFR BFR2++ Stable Reaffirmed Brokerage & Securities Firms
Mustaqim Dyeing and Printing Ind. (Pvt) limited 05/15/2024 Entity A- A2 Stable Reaffirmed Textiles
Artistic Energy (Pvt) Ltd 05/14/2024 Entity A+ A1 Stable Reaffirmed Power Companies
Artistic Wind Power Pvt Ltd 05/14/2024 Entity A A2 Stable Reaffirmed Power Companies
Insight Securities (Pvt) Ltd 05/14/2024 BMR BMR2 Stable Reaffirmed Brokerage & Securities Firms
JDW Sugar Mills Ltd 05/13/2024 Entity AA- A1 Stable Upgrade Sugar
Trust Modaraba 05/13/2024 Entity BBB+ A2 Stable Reaffirmed Modarabas
MRA Securities Limited 05/14/2024 BFR BFR3++ Stable Upgrade Brokerage & Securities Firms
Deharki Sugar Mills (Pvt) Limited 05/13/2024 Entity A A2 Stable Reaffirmed Sugar
JK Sugar Mills (Pvt) Limited 05/13/2024 Entity BBB+ A2 Stable Upgrade Sugar
Staple Foods Private Limited 05/08/2024 Entity A A1 Stable Upgrade Consumer Goods
LOLC Microfinance Bank Limited (Formerly: Pak Oman Microfinance Bank Limited) 05/07/2024 Entity A- A2 Stable Maintained Micro Finance
Mannan Shahid Forgings Limited 05/06/2024 Entity A A2 Stable Upgrade Engineering
Ittefaq Agro Industries (Pvt) Limited 05/03/2024 Entity A- A2 Stable Initial Consumer Goods
Rural Community Development Programs 05/02/2024 Entity BBB+ A3 Stable Upgrade NBFCs
Topline Securities Limited 04/29/2024 BFR BFR2 Stable Reaffirmed Brokerage & Securities Firms
DAMEN Support Programme 04/17/2024 Entity BBB- A3 Stable Initial NBFCs
Shahbaz Garments (Pvt) Limited 04/16/2024 Entity A- A2 Stable Reaffirmed Textiles
Madina Oil Refinery Limited 04/09/2024 Entity BBB A2 Stable Upgrade Consumer Goods
Syntronics Limited 04/08/2024 Entity BBB+ A2 Stable Reaffirmed Paper & Packaging
Izhar Construction (Pvt) Limited 03/27/2024 Entity A A1 Stable Upgrade Cement & Construction
Integrated Equities Limited 03/19/2024 BFR BFR3++ Stable Reaffirmed Brokerage & Securities Firms
Pak-Qatar General Takaful Limited 03/13/2024 IFS A (IFS) Stable Reaffirmed Insurance
Chase Securities Pakistan (Pvt) Limited 03/13/2024 BFR BFR3+ Stable Upgrade Brokerage & Securities Firms
LSE Financial Services Limited 03/08/2024 Entity A A1 Rating Watch - Developing Reaffirmed NBFCs
Feroze 1888 Mills Limited 02/27/2024 Entity AA- A1 Stable Reaffirmed Textiles
Century Paper & Board Mills Limited 02/26/2024 Entity AA- A1 Stable Reaffirmed Paper & Packaging
First Credit and Investment Bank Limited 02/26/2024 Entity A A2 Stable Reaffirmed Investment Banks
BMA Capital Management Limited 02/01/2024 Entity A- A2 Stable Reaffirmed Brokerage & Securities Firms
BMA Capital Management Limited 02/01/2024 BMR BMR2++ Stable Upgrade Brokerage & Securities Firms
Alpha Insurance Company Limited 02/01/2024 IFS A+ (IFS) Stable Reaffirmed Insurance
Pak-Qatar Family Takaful Limited 12/07/2023 IFS A++ (IFS) Stable Reaffirmed Insurance
Al Ameen Islamic Dedicated Equity Fund MFP Ranking Fund Ratings
JS Islamic Dedicated Equity Fund MFP Ranking Fund Ratings
Bank Makramah Limited (Formerly:Summit Bank Limited) 06/27/2023 TFC-1 B Rating Watch - Negative Harmonised Commercial Banks
Bank Makramah Limited (Formerly:Summit Bank Limited) 06/07/2023 Entity Note Commercial Banks
NBP Islamic Active Allocation Equity Fund MFP Ranking Fund Ratings
NBP Islamic Regular Income Fund MFP Ranking Fund Ratings
Askari Asset Allocation Fund MFP Ranking Fund Ratings
JS Value Fund MFP Ranking Fund Ratings
AWT Asset Allocation Fund MFP Ranking Fund Ratings
HBL Islamic Dedicated Equity Fund MFP Ranking Fund Ratings
Alhamra Islamic Money Market Fund (Formerly: MCB Pakistan Frequent Payout Fund) MFP Ranking Fund Ratings