| Name | Date | Rating Type | Long Term | Short Term | Outlook/Rating Watch | Action | Sector |
|---|---|---|---|---|---|---|---|
|
Adam Securities Limited
|
21-02-2025 | Entity | A- | A2 | Positive | Reaffirmed | Brokerage & Securities Firms |
|
AKD Securities Limited
|
21-06-2024 | Entity | AA- | A1 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Arif Habib Limited
|
26-05-2025 | Entity | AA- | A1 | Stable | Maintained | Brokerage & Securities Firms |
|
BMA Capital Management Limited
|
01-02-2024 | Entity | A- | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Darson Securities (Pvt) Limited
|
30-08-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Foundation Securities (Pvt) Limited
|
10-04-2025 | Entity | A | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Growth Securities (Pvt) Limited
|
07-10-2024 | Entity | A- | A2 | Stable | Maintained | Brokerage & Securities Firms |
|
Insight Securities (Pvt) Ltd
|
20-09-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Integrated Equities Limited
|
21-08-2024 | Entity | A- | A2 | Stable | Initial | Brokerage & Securities Firms |
|
MRA Securities Limited
|
02-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Muhammad Munir Muhammad Ahmed Khanani Securities Limited
|
10-04-2025 | Entity | A- | A2 | Stable | Under Review | Brokerage & Securities Firms |
|
Multiline Securities Limited
|
28-01-2025 | Entity | A- | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Next Capital Limited
|
28-11-2024 | Entity | A- | A2 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Taurus Securities Limited
|
04-10-2024 | Entity | A | A2 | Stable | Maintained | Brokerage & Securities Firms |
|
Topline Securities Limited
|
25-11-2024 | Entity | A | A1 | Stable | Reaffirmed | Brokerage & Securities Firms |
|
Al Baraka Bank (Pakistan) Limited
|
30-06-2024 | Entity | A+ | A1 | Positive | Maintained | Commercial Banks |
|
Bank Makramah Limited (Formerly:Summit Bank Limited)
|
07-06-2023 | Entity | --- | --- | --- | Note | Commercial Banks |
|
Dubai Islamic Bank Pakistan Ltd
|
27-06-2024 | Entity | AA | A1+ | Stable | Reaffirmed | Commercial Banks |
|
Faysal Bank Limited
|
28-06-2024 | Entity | AA | A1+ | Positive | Maintained | Commercial Banks |
|
Habib Bank Limited
|
28-06-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | Commercial Banks |
|
Meezan Bank Limited
|
28-06-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | Commercial Banks |
|
National Bank of Pakistan
|
26-06-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | Commercial Banks |
|
Sindh Bank Ltd
|
28-06-2024 | Entity | AA- | A1+ | Stable | Upgrade | Commercial Banks |
|
The Bank of Khyber
|
28-06-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Commercial Banks |
|
United Bank Limited
|
26-06-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | Commercial Banks |
|
House Building Finance Company Limited
|
04-06-2024 | Entity | AAA | A1+ | Stable | Upgrade | DFIs |
|
Pak Brunei Investment Company Limited
|
28-06-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | DFIs |
|
Pak China Investment Company Limited
|
28-06-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | DFIs |
|
Pak Oman Investment Company Limited
|
28-06-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | DFIs |
|
Pakistan Mortgage Refinance Company
|
24-04-2025 | Entity | AAA | A1+ | Stable | Reaffirmed | DFIs |
|
Saudi Pak Industrial and Agricultural Investment Company Limited
|
28-06-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | DFIs |
|
Zarai Taraqiati Bank Limited
|
27-06-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | DFIs |
|
Pakistan Currency Exchange Company (Private) Limited
|
28-11-2024 | Entity | A- | A2 | Stable | Reaffirmed | Exchange Companies |
|
First Credit and Investment Bank Limited
|
16-05-2025 | Entity | A | A1 | Stable | Upgrade | Investment Banks |
|
Pak-Gulf Leasing Company Limited
|
24-12-2024 | Entity | A- | A2 | Stable | Reaffirmed | Leasing |
|
Primus Leasing Limited
|
12-11-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Leasing |
|
CSC Empowerment & Inclusion Programme (MFI)
|
23-04-2025 | Entity | BBB- | A3 | Stable | Reaffirmed | Micro Finance |
|
FINCA Microfinance Bank Limited
|
25-03-2025 | Entity | A- | A2 | Rating Watch - Developing | Note | Micro Finance |
|
Halan Microfinance Bank Limited (Formerly: Advans Pakistan Microfinance Bank Ltd)
|
30-04-2025 | Entity | BBB | A3 | Positive | Reaffirmed | Micro Finance |
|
HBL Microfinance Bank Limited
|
30-04-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Micro Finance |
|
Khushhali Microfinance Bank Limited
|
30-05-2024 | Entity | A- | A2 | Rating Watch - Negative | Reaffirmed | Micro Finance |
|
LOLC Microfinance Bank Limited (Formerly: Pak Oman Microfinance Bank Limited)
|
12-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Micro Finance |
|
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 |
|
Sindh Microfinance Bank Limited
|
30-04-2025 | Entity | A | A1 | Stable | Reaffirmed | Micro Finance |
|
U Microfinance Bank Limited
|
10-06-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Micro Finance |
|
First Paramount Modaraba
|
16-01-2025 | Entity | BBB | A3 | Stable | Reaffirmed | Modarabas |
|
Sindh Modaraba
|
13-11-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Modarabas |
|
Trust Modaraba
|
18-06-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Modarabas |
|
Burj Clean Energy Modaraba
|
28-04-2025 | Entity | A | A1 | Stable | Initial | NBFCs |
|
Cyan Limited
|
20-01-2025 | Entity | A | A1 | Stable | Reaffirmed | NBFCs |
|
DAMEN Support Programme
|
23-05-2025 | Entity | BBB- | A3 | Stable | Reaffirmed | NBFCs |
|
GoldFin Limited
|
19-12-2024 | Entity | A- | A2 | Stable | Initial | NBFCs |
|
LSE Financial Services Limited
|
20-06-2025 | Entity | A | A1 | Rating Watch - Developing | Under Review | NBFCs |
|
LSE Ventures Limited
|
14-05-2025 | Entity | A+ | A1 | Stable | Initial | NBFCs |
|
Rural Community Development Programs
|
26-05-2025 | Entity | BBB+ | A3 | Stable | Reaffirmed | NBFCs |
|
Taleem Finance Company Limited
|
11-09-2024 | Entity | BBB | A2 | Stable | Initial | NBFCs |
|
Trukkr Financial Services Limited
|
12-08-2024 | Entity | A- | A2 | Stable | Initial | NBFCs |
|
Agriauto Industries Limited
|
26-11-2024 | Entity | A- | A1 | Stable | Reaffirmed | Auto & Allied |
|
Agriauto Stamping Company (Pvt) Limited
|
23-06-2025 | Entity | A- | A2 | Stable | Reaffirmed | Auto & Allied |
|
Al-Ghazi Tractors Ltd.
|
03-10-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Auto & Allied |
|
Indus Motor Company Ltd
|
15-11-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | Auto & Allied |
|
Master Changan Motors Limited
|
31-01-2025 | Entity | A- | A2 | Positive | Maintained | Auto & Allied |
|
Omar Jibran Engineering Industries Limited
|
20-03-2025 | Entity | --- | --- | --- | Suspended | Auto & Allied |
|
Procon Engineering (Pvt) Limited
|
22-05-2024 | Entity | A | A2 | Stable | Maintained | Auto & Allied |
|
Sazgar Engineering Works Limited
|
12-02-2025 | Entity | A | A1 | Positive | Upgrade | Auto & Allied |
|
Thal Limited
|
18-12-2024 | Entity | AA | A1+ | Stable | Reaffirmed | Auto & Allied |
|
Amazon Mall (Pvt) Limited
|
19-06-2025 | Entity | A- | A2 | Stable | Initial | Cement & Construction |
|
Dolmen (Pvt) Limited
|
10-02-2025 | Entity | A- | A2 | Stable | Reaffirmed | Cement & Construction |
|
Enertech Water (Pvt) Limited
|
06-06-2024 | Entity | AA | A1 | Stable | Initial | Cement & Construction |
|
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited
|
31-07-2024 | Entity | A | A2 | Stable | Reaffirmed | Cement & Construction |
|
Izhar Construction (Pvt) Limited
|
02-06-2025 | Entity | A | A1 | Stable | Reaffirmed | Cement & Construction |
|
Javedan Corporation Ltd.
|
09-10-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Cement & Construction |
|
Lahore Sialkot Motorway Infrastructure Management (Pvt) Ltd
|
14-01-2025 | Entity | A- | A2 | Stable | Reaffirmed | Cement & Construction |
|
Lucky Cement Limited
|
08-11-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | Cement & Construction |
|
Malir Expressway Limited
|
20-11-2024 | Entity | A- | A2 | Stable | Reaffirmed | Cement & Construction |
|
Maple Leaf Cement Factory Ltd
|
11-10-2024 | Entity | A | A1 | Stable | Reaffirmed | Cement & Construction |
|
Power Cement Ltd
|
23-12-2024 | Entity | A- | A2 | Stable | Reaffirmed | Cement & Construction |
|
Sachal Engineering Works (Pvt) Limited
|
18-11-2024 | Entity | A- | A2 | Stable | Reaffirmed | Cement & Construction |
|
Swat Expressway Planning Construction and Operations (Pvt) Limited
|
05-12-2024 | Entity | A- | A2 | Stable | Reaffirmed | Cement & Construction |
|
Thatta Cement Company Ltd
|
12-09-2024 | Entity | A | A2 | Stable | Upgrade | Cement & Construction |
|
Archroma Pakistan Ltd
|
03-09-2024 | Entity | AA | A1 | Negative | Maintained | Chemicals |
|
Gamalux Oleochemicals Limited
|
26-08-2024 | Entity | A- | A2 | Stable | Reaffirmed | Chemicals |
|
Ittehad Chemicals Limited
|
29-04-2025 | Entity | A- | A2 | Positive | Maintained | Chemicals |
|
Lucky Core Industries Limited (Formerly ICI Pakistan Limited)
|
05-03-2025 | Entity | AA | A1+ | Positive | Maintained | Chemicals |
|
Power Chemical Industries Limited
|
24-06-2025 | Entity | A- | A2 | Positive | Maintained | Chemicals |
|
Sitara Chemical Industries Limited
|
02-06-2025 | Entity | A+ | A2 | Stable | Reaffirmed | Chemicals |
|
Engro Enfrashare (Pvt) Ltd
|
21-10-2024 | Entity | A- | A2 | Stable | Reaffirmed | Communication |
|
Pak Telecom Mobile Limited
|
27-01-2025 | Entity | AA- | A1 | Stable | Reaffirmed | Communication |
|
Pakistan Telecommunication Company Limited
|
10-01-2025 | Entity | AAA | A1+ | Stable | Reaffirmed | Communication |
|
Tower Power (Pvt) Limited
|
24-04-2025 | Entity | A- | A2 | Stable | Reaffirmed | Communication |
|
Agro Processors and Atmospheric Gases Limited
|
11-09-2024 | Entity | BBB+ | A2 | Stable | Upgrade | Consumer Goods |
|
Asian Food Industries Limited
|
07-04-2025 | Entity | A- | A2 | Stable | Reaffirmed | Consumer Goods |
|
At-Tahur Limited
|
10-06-2024 | Entity | A- | A2 | Stable | Maintained | Consumer Goods |
|
Bismillah Sehla Processing Plant (Pvt) Limited
|
07-04-2025 | Entity | --- | --- | --- | Suspended | Consumer Goods |
|
Bunny's Limited
|
31-12-2024 | Entity | A- | A2 | Negative | Maintained | Consumer Goods |
|
Dairyland (Pvt) Limited
|
17-01-2025 | Entity | A- | A2 | Positive | Reaffirmed | Consumer Goods |
|
Everfresh Farms (Pvt) Limited
|
02-08-2024 | Entity | A- | A2 | Stable | Upgrade | Consumer Goods |
|
Faisalabad Oil Refinery (Pvt) Limited
|
16-08-2024 | Entity | A- | A2 | Stable | Reaffirmed | Consumer Goods |
|
Garibsons (Pvt) Ltd.
|
19-03-2025 | Entity | A | A2 | Stable | Reaffirmed | Consumer Goods |
|
Golden Harvest Foods (Pvt) Limited
|
14-11-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Consumer Goods |
|
Haleeb Foods Limited
|
17-04-2025 | Entity | A | A1 | Stable | Upgrade | Consumer Goods |
|
Ittefaq Agro Industries (Pvt) Limited
|
02-05-2024 | Entity | A- | A2 | Stable | Initial | Consumer Goods |
|
JK Dairies (Pvt) Limited
|
24-12-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Consumer Goods |
|
Karachi Grain (Pvt) Limited
|
11-06-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Consumer Goods |
|
Kausar Ghee Mills (Pvt) Limited
|
25-02-2025 | Entity | A | A1 | Stable | Upgrade | Consumer Goods |
|
Madina Oil Refinery Limited
|
24-06-2025 | Entity | BBB | A2 | Stable | Reaffirmed | Consumer Goods |
|
Madina Private Limited
|
30-07-2024 | Entity | BBB | A2 | Stable | Reaffirmed | Consumer Goods |
|
Matco Foods Limited
|
06-01-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Consumer Goods |
|
Millac Food (Pvt) Limited
|
06-02-2025 | Entity | A- | A2 | Stable | Initial | Consumer Goods |
|
Olympia Oils (Pvt) Limited
|
26-03-2025 | Entity | A- | A2 | Stable | Reaffirmed | Consumer Goods |
|
Shakarganj Food Products Limited
|
03-07-2024 | Entity | BBB- | A3 | Stable | Maintained | Consumer Goods |
|
Staple Foods Private Limited
|
26-05-2025 | Entity | A | A1 | Stable | Reaffirmed | Consumer Goods |
|
Sunridge Foods (Private) Limited
|
10-09-2024 | Entity | BBB+ | A3 | Stable | Initial | Consumer Goods |
|
The Organic Meat Company Limited
|
02-07-2024 | Entity | A | A1 | Stable | Upgrade | Consumer Goods |
|
Treet Corporation Limited
|
20-01-2025 | Entity | A- | A2 | Stable | Reaffirmed | Consumer Goods |
|
Unity Foods Limited
|
13-02-2025 | Entity | A | A2 | Negative | Reaffirmed | Consumer Goods |
|
Digital World Pakistan (Pvt) Limited
|
07-06-2024 | Entity | A- | A2 | Stable | Maintained | Engineering |
|
DWP Technologies (Pvt) Limited
|
07-06-2024 | Entity | A- | A2 | Stable | Reaffirmed | Engineering |
|
EMCO Industries Limited
|
23-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Engineering |
|
Fast Cables Limited
|
21-11-2024 | Entity | A | A2 | Stable | Upgrade | Engineering |
|
Mannan Shahid Forgings Limited
|
13-06-2025 | Entity | A | A2 | Stable | Reaffirmed | Engineering |
|
Orient Electronics (Pvt) Limited
|
09-05-2025 | Entity | A- | A2 | Stable | Maintained | Engineering |
|
Pakistan Cables Limited
|
20-11-2024 | Entity | A | A1 | Negative | Reaffirmed | Engineering |
|
The Imperial Electric Company (Pvt) Limited
|
27-01-2025 | Entity | A- | A2 | Stable | Maintained | Engineering |
|
Transfopower Industries (Pvt) Limited
|
09-04-2025 | Entity | A- | A2 | Stable | Under Review | Engineering |
|
Fatima Fertilizer Company Limited
|
03-09-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | Fertilizer |
|
Aspin Pharma (Pvt) Limited
|
04-11-2024 | Entity | A | A1 | Stable | Reaffirmed | Medical and Pharmaceutical |
|
Citi Pharma Limited
|
16-12-2024 | Entity | A | A1 | Stable | Initial | Medical and Pharmaceutical |
|
Highnoon Laboratories Ltd
|
24-01-2025 | Entity | A+ | A1 | Positive | Reaffirmed | Medical and Pharmaceutical |
|
Macter International Limited
|
02-08-2024 | Entity | A | A1 | Stable | Upgrade | Medical and Pharmaceutical |
|
Multan Chemicals Limited
|
10-06-2025 | Entity | A- | A1 | Stable | Initial | Medical and Pharmaceutical |
|
Noventa Pharma (Private) Limited
|
13-11-2024 | Entity | A | A2 | Stable | Initial | Medical and Pharmaceutical |
|
OBS AGP (Pvt) Limited
|
31-10-2024 | Entity | A | A1 | Stable | Reaffirmed | Medical and Pharmaceutical |
|
OBS Pakistan (Pvt) Limited
|
05-11-2024 | Entity | A | A2 | Stable | Reaffirmed | Medical and Pharmaceutical |
|
OBS Pharma (Pvt) Limited
|
23-09-2024 | Entity | A | A1 | Stable | Reaffirmed | Medical and Pharmaceutical |
|
Shifa International Hospitals Limited
|
07-04-2025 | Entity | AA- | A1 | Positive | Maintained | Medical and Pharmaceutical |
|
The Searle Company Limited
|
10-07-2024 | Entity | AA- | A1 | Stable | Maintained | Medical and Pharmaceutical |
|
Ana & Batla Industries (Pvt) Ltd
|
12-09-2024 | Entity | BBB | A2 | Stable | Reaffirmed | Miscellaneous |
|
Associated Technologies (Pvt) Limited
|
17-01-2025 | Entity | A- | A2 | Stable | Reaffirmed | Miscellaneous |
|
Biotech Energy (Pvt) Limited
|
16-04-2025 | Entity | A | A1 | Stable | Reaffirmed | Miscellaneous |
|
Devsinc (Pvt) Limited
|
31-10-2024 | Entity | BBB+ | A2 | Stable | Initial | Miscellaneous |
|
Geo Entertainment Television (Pvt) Limited
|
21-05-2025 | Entity | A | A2 | Stable | Initial | Miscellaneous |
|
HKB Retail (SMC-Pvt) Limited
|
18-02-2025 | Entity | A- | A3 | Stable | Reaffirmed | Miscellaneous |
|
Maple Leaf Capital Limited
|
04-02-2025 | Entity | A | A1 | Stable | Upgrade | Miscellaneous |
|
MicroTech Industries (Pvt) Limited
|
12-07-2024 | Entity | A- | A2 | Stable | Initial | Miscellaneous |
|
Optimus Limited
|
04-11-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Miscellaneous |
|
Service Sales Corporation (Pvt) Limited
|
24-06-2025 | Entity | --- | --- | --- | Suspended | Miscellaneous |
|
Shirazi Investments (Pvt) Limited
|
13-01-2025 | Entity | AA | A1+ | Stable | Reaffirmed | Miscellaneous |
|
Transsion Tecno Electronics (Pvt) Limited
|
07-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Miscellaneous |
|
Hi-Tech Lubricants Limited
|
30-12-2024 | Entity | A- | A2 | Stable | Reaffirmed | Oil & Gas |
|
Oil & Gas Development Company Limited
|
04-12-2024 | Entity | AAA | A1+ | Stable | Reaffirmed | Oil & Gas |
|
Oil Industries Pakistan Limited
|
21-11-2024 | Entity | A- | A2 | Stable | Reaffirmed | Oil & Gas |
|
Pakistan State Oil Company Limited
|
12-12-2024 | Entity | AA+ | A1+ | Stable | Reaffirmed | Oil & Gas |
|
PGP Consortium Limited
|
10-09-2024 | Entity | A | A2 | Stable | Upgrade | Oil & Gas |
|
Servo Motor Oil (Pvt) Limited
|
19-12-2024 | Entity | BBB | A2 | Stable | Reaffirmed | Oil & Gas |
|
Sui Northern Gas Pipelines Limited
|
20-01-2025 | Entity | AA+ | A1+ | Stable | Reaffirmed | Oil & Gas |
|
Taj Gasoline (Pvt.) Limited
|
20-08-2024 | Entity | A | A2 | Stable | Upgrade | Oil & Gas |
|
Zoom Marketing Oils (Pvt) Limited
|
17-04-2025 | Entity | BBB- | A3 | Positive | Reaffirmed | Oil & Gas |
|
Zoom Petroleum (Pvt) Limited
|
17-04-2025 | Entity | BBB- | A3 | Stable | Reaffirmed | Oil & Gas |
|
CBM Plastics (Pvt) Limited
|
22-11-2024 | Entity | BBB+ | A2 | Positive | Maintained | Paper & Packaging |
|
Century Paper & Board Mills Limited
|
22-05-2025 | Entity | AA- | A1 | Stable | Reaffirmed | Paper & Packaging |
|
International Packaging Films Ltd
|
09-12-2024 | Entity | A | A1 | Stable | Reaffirmed | Paper & Packaging |
|
K.S.F Tri Zone Industries (Pvt) Ltd
|
30-07-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Paper & Packaging |
|
Kompass Pakistan (Pvt) Ltd
|
07-04-2025 | Entity | --- | --- | --- | Suspended | Paper & Packaging |
|
Novatex Limited
|
20-03-2025 | Entity | AA | A1+ | Stable | Maintained | Paper & Packaging |
|
Syntronics Limited
|
23-05-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Paper & Packaging |
|
AJ Power (Pvt) Ltd
|
19-08-2024 | Entity | A+ | A2 | Stable | Upgrade | Power Companies |
|
Artistic Energy (Pvt) Ltd
|
12-05-2025 | Entity | A+ | A1 | Positive | Maintained | Power Companies |
|
Artistic Wind Power Pvt Ltd
|
12-05-2025 | Entity | A | A2 | Stable | Reaffirmed | Power Companies |
|
Atlas Solar Limited (Formerly: Zhenfa Pakistan New Energy Company Limited)
|
07-01-2025 | Entity | A | A2 | Positive | Maintained | Power Companies |
|
Engro Powergen Qadirpur Limited
|
04-09-2024 | Entity | AA- | A1 | Stable | Maintained | Power Companies |
|
FFBL Power Company Ltd
|
27-03-2025 | Entity | AA | A1 | Stable | Upgrade | Power Companies |
|
Gharo Solar Ltd
|
26-09-2024 | Entity | A+ | A1 | Stable | Upgrade | Power Companies |
|
Gujranwala Electric Power Company
|
07-11-2024 | Entity | AA- | A1 | Stable | Initial | Power Companies |
|
Indus Wind Energy Limited
|
10-09-2024 | Entity | A | A2 | Stable | Reaffirmed | Power Companies |
|
K-Electric Limited
|
23-01-2025 | Entity | AA | A1+ | Stable | Reaffirmed | Power Companies |
|
Kot Addu Power Company Limited
|
24-01-2025 | Entity | A+ | A1 | Stable | Maintained | Power Companies |
|
Liberty Daharki Power Limited (Formerly: TNB Liberty Power Limited)
|
24-02-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Power Companies |
|
Lucky Renewables (Pvt) Limited (Formerly: Tricom Wind Power (Pvt) Limited)
|
02-01-2025 | Entity | A | A2 | Stable | Reaffirmed | Power Companies |
|
Maple Leaf Power Limited
|
23-09-2024 | Entity | A | A1 | Stable | Initial | Power Companies |
|
NASDA Green Energy Limited
|
10-10-2024 | Entity | A- | A2 | Stable | Reaffirmed | Power Companies |
|
National Power Parks Management Company (Pvt) Limited
|
06-12-2024 | Entity | AA+ | A1+ | Stable | Maintained | Power Companies |
|
Nishat Chunian Power Limited
|
25-11-2024 | Entity | A+ | A2 | Stable | Reaffirmed | Power Companies |
|
Punjab Thermal Power (Pvt) Limited
|
02-10-2024 | Entity | AA | A1 | Stable | Reaffirmed | Power Companies |
|
Quaid-e-Azam Thermal Power (Pvt) Limited
|
23-09-2024 | Entity | AA+ | A1+ | Stable | Upgrade | Power Companies |
|
Thal Power (Pvt) Limited
|
12-12-2024 | Entity | AA | A1+ | Stable | Reaffirmed | Power Companies |
|
Yunus Energy Limited
|
19-05-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Power Companies |
|
Zephyr Power Limited
|
30-04-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Power Companies |
|
Aisha Steel Mills Limited
|
23-12-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Steel & Allied Products |
|
BBJ Pipe Industries Limited
|
20-01-2025 | Entity | BBB+ | A2 | Stable | Update | Steel & Allied Products |
|
Crescent Steel & Allied Products Limited
|
17-12-2024 | Entity | A- | A2 | Stable | Reaffirmed | Steel & Allied Products |
|
Faizan Steel
|
30-12-2024 | Entity | BBB+ | A2 | Stable | Reaffirmed | Steel & Allied Products |
|
Frontier Foundry Steel Limited
|
23-06-2025 | Entity | A | A1 | Stable | Reaffirmed | Steel & Allied Products |
|
International Industries Limited
|
22-10-2024 | Entity | AA- | A1 | Stable | Reaffirmed | Steel & Allied Products |
|
International Steels Limited
|
29-10-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Steel & Allied Products |
|
Mehboob Steel Pipe Industry
|
21-05-2025 | Entity | BBB | A2 | Stable | Reaffirmed | Steel & Allied Products |
|
Mughal Iron & Steel Industries Limited
|
18-11-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Steel & Allied Products |
|
Naveena Steels Mills (Pvt) Limited
|
09-07-2024 | Entity | A- | A2 | Negative | Maintained | Steel & Allied Products |
|
Ali Gohar & Company (Pvt) Ltd
|
17-04-2025 | Entity | A | A2 | Stable | Reaffirmed | Storage and Distribution |
|
Muller & Phipps Pakistan (Pvt) Limited
|
09-09-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Storage and Distribution |
|
Popular International (Pvt) Limited
|
08-04-2025 | Entity | --- | --- | --- | Suspended | Storage and Distribution |
|
Premier Sales (Pvt) Limited
|
11-09-2024 | Entity | A | A1 | Stable | Reaffirmed | Storage and Distribution |
|
Tech Sirat (Pvt) Limited
|
20-06-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Storage and Distribution |
|
Adam Sugar Mills Limited
|
07-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Al-Noor Sugar Mills Ltd.
|
26-08-2024 | Entity | A- | A2 | Stable | Maintained | Sugar |
|
Alliance Sugar Mills (Pvt) Limited
|
17-06-2025 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Almoiz Industries Ltd
|
13-09-2024 | Entity | A | A2 | Stable | Reaffirmed | Sugar |
|
Ashraf Sugar Mills Limited
|
12-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Chashma Sugar Mills Ltd
|
06-09-2024 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Deharki Sugar Mills (Pvt) Limited
|
16-05-2025 | Entity | A | A2 | Stable | Reaffirmed | Sugar |
|
Etihad Sugar Mills Limited
|
09-04-2025 | Entity | A | A2 | Stable | Reaffirmed | Sugar |
|
Faran Sugar Mills Limited
|
11-04-2025 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Fatima Sugar Mills Limited
|
16-04-2025 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Indus Sugar Mills Limited
|
16-10-2024 | Entity | A- | A1 | Stable | Reaffirmed | Sugar |
|
JDW Sugar Mills Ltd
|
16-05-2025 | Entity | AA- | A1 | Stable | Reaffirmed | Sugar |
|
JK Sugar Mills (Pvt) Limited
|
20-06-2025 | Entity | A- | A2 | Stable | Upgrade | Sugar |
|
Madina Sugar Mills Limited
|
13-08-2024 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Ranipur Sugar Mills (Pvt) Limited
|
12-11-2024 | Entity | A- | A2 | Stable | Initial | Sugar |
|
RYK Mills Limited
|
19-09-2024 | Entity | A | A2 | Positive | Reaffirmed | Sugar |
|
Shahmurad Sugar Mills Ltd
|
26-08-2024 | Entity | A | A2 | Positive | Maintained | Sugar |
|
Shahtaj Sugar Mills Limited
|
05-06-2025 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Sheikhoo Sugar Mills Limited
|
05-08-2024 | Entity | A- | A2 | Stable | Reaffirmed | Sugar |
|
Tariq Corporation Limited
|
23-04-2025 | Entity | BBB | A3 | Stable | Reaffirmed | Sugar |
|
The Thal Industries Corporation Limited
|
16-09-2024 | Entity | A | A2 | Positive | Reaffirmed | Sugar |
|
Two Star Industries (Pvt) Limited
|
21-04-2025 | Entity | BBB+ | A2 | Negative | Maintained | Sugar |
|
Muhammad Shafi Tanneries (Pvt) Ltd
|
24-06-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Tanneries and Leather Products |
|
Shafi Lifestyle (Pvt) Ltd
|
06-03-2025 | Entity | A- | A2 | Stable | Reaffirmed | Tanneries and Leather Products |
|
Universal Leather (Pvt) Ltd.
|
30-04-2025 | Entity | --- | --- | --- | Suspended | Tanneries and Leather Products |
|
AA Spinning Mills Limited
|
15-01-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
AGI Denim
|
11-06-2024 | Entity | A+ | A1 | Stable | Upgrade | Textiles |
|
Ahmed Oriental Textile Mills Limited
|
15-04-2025 | Entity | A- | A2 | Stable | Maintained | Textiles |
|
Akhtar Textile Industries (Pvt) Ltd
|
30-07-2024 | Entity | A | A2 | Stable | Reaffirmed | Textiles |
|
Akram Cotton Mills Limited
|
06-12-2024 | Entity | BBB | A2 | Stable | Reaffirmed | Textiles |
|
Al Karam Towel Industries (Pvt) Ltd
|
10-09-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Al-Karam Textile Mills (Pvt) Limited
|
15-04-2025 | Entity | A | A2 | Stable | Reaffirmed | Textiles |
|
Amna Industries (Pvt) Limited
|
20-05-2025 | Entity | --- | --- | --- | Suspended | Textiles |
|
Arshad Corporation (Pvt) Ltd
|
09-05-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Arshad Textile Mills Limited
|
15-04-2025 | Entity | BBB- | A2 | Stable | Reaffirmed | Textiles |
|
Artistic Denim Mills Ltd
|
30-04-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Asher Imran Spinning Mills (Pvt) Limited
|
30-12-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Best Fibres (Pvt) Ltd
|
06-05-2025 | Entity | A- | A2 | Positive | Reaffirmed | Textiles |
|
Bhanero Textile Mills Ltd
|
30-01-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Bhimra Textile Mills (Pvt) Limited
|
18-02-2025 | Entity | BBB+ | A2 | Stable | Upgrade | Textiles |
|
Bismillah Textiles Limited
|
28-10-2024 | Entity | A- | A2 | Stable | Upgrade | Textiles |
|
Blessed Textiles Ltd
|
06-02-2025 | Entity | A | A1 | Stable | Reaffirmed | Textiles |
|
Comfort Knitwears (Pvt) Ltd
|
05-09-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Crescent Bahuman Limited
|
24-06-2024 | Entity | A- | A2 | Positive | Maintained | Textiles |
|
Dynamic Sportswear (Pvt) Limited
|
01-07-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Faisal Spinning Mills Ltd
|
06-02-2025 | Entity | A | A1 | Stable | Reaffirmed | Textiles |
|
Feroze 1888 Mills Limited
|
19-05-2025 | Entity | AA- | A1 | Stable | Reaffirmed | Textiles |
|
Gadoon Textile Mills Limited
|
09-12-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Gatron (Industries) Limited
|
19-05-2025 | Entity | A- | A2 | Stable | Under Review | Textiles |
|
Gohar Textile Mills (Pvt) Ltd
|
15-04-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
H.A Fibres (Pvt) Limited
|
10-12-2024 | Entity | A | A2 | Stable | Upgrade | Textiles |
|
Image Pakistan Limited
|
15-04-2025 | Entity | A- | A2 | Stable | Initial | Textiles |
|
Indigo Textile (Pvt) Limited
|
19-07-2024 | Entity | A | A1 | Stable | Reaffirmed | Textiles |
|
Indus Dyeing & Manufacturing Co Limited
|
25-10-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Indus Home Limited
|
08-08-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Indus Lyallpur Limited
|
25-10-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Interloop Limited
|
18-07-2024 | Entity | AA- | A1 | Stable | Upgrade | Textiles |
|
International Textile Limited
|
06-05-2025 | Entity | A | A2 | Stable | Reaffirmed | Textiles |
|
J.K Spinning Mills Limited
|
08-08-2024 | Entity | A- | A1 | Stable | Reaffirmed | Textiles |
|
Kamal Limited
|
25-04-2025 | Entity | A | A1 | Stable | Reaffirmed | Textiles |
|
Kamal Textile Mills (Pvt) Ltd
|
03-07-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Khalid Shafique Spinning Mills Limited
|
22-05-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Textiles |
|
Kohinoor Mills Limited
|
08-11-2024 | Entity | BBB+ | A2 | Stable | Maintained | Textiles |
|
Kohinoor Textile Mills Limited
|
23-10-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Lucky Knits (Pvt) Limited
|
18-04-2025 | Entity | A- | A1 | Stable | Reaffirmed | Textiles |
|
Lucky Textile Mills Limited
|
02-12-2024 | Entity | AA- | A1+ | Stable | Upgrade | Textiles |
|
M.K Sons (Pvt) Ltd
|
14-06-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Master Textile Mills Limited
|
19-06-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Metco Textile (Pvt) Limited
|
06-11-2024 | Entity | A- | A2 | Stable | Maintained | Textiles |
|
Mustaqim Dyeing and Printing Ind. (Pvt) limited
|
26-05-2025 | Entity | --- | --- | --- | Suspended | Textiles |
|
Nadeem Textile Mills Limited
|
11-04-2025 | Entity | BBB+ | A3 | Negative | Downgrade | Textiles |
|
Naveena Exports Limited
|
04-06-2024 | Entity | A | A1 | Stable | Reaffirmed | Textiles |
|
Naveena Industries Limited
|
10-03-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Nishat (Chunian) Limited
|
05-07-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Pak kuwait Textiles Limited
|
27-03-2025 | Entity | --- | --- | --- | Suspended | Textiles |
|
Premium Textile Mills Limited
|
03-06-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Rajby Industries
|
15-07-2024 | Entity | A- | A2 | Positive | Maintained | Textiles |
|
Rajby Textiles (Pvt) Limited
|
03-09-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Rizwan Enterprises
|
21-08-2024 | Entity | A- | A1 | Stable | Reaffirmed | Textiles |
|
Sadaqat Limited
|
19-12-2024 | Entity | A | A2 | Stable | Reaffirmed | Textiles |
|
Sapphire Textile Mills Limited
|
07-10-2024 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Saya Weaving Mills (Pvt) Limited
|
12-06-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Shadab Textile Mills Limited
|
27-12-2024 | Entity | A- | A2 | Stable | Maintained | Textiles |
|
Shahbaz Garments (Pvt) Limited
|
18-06-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Shahkam Industries (Pvt) Ltd
|
18-04-2025 | Entity | A- | A2 | Stable | Initial | Textiles |
|
Shahtaj Textile Limited
|
13-11-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Sheikhupura Textile Mills Limited
|
24-07-2024 | Entity | BBB | A2 | Positive | Maintained | Textiles |
|
Siara Textile Mills (Pvt) Limited
|
06-05-2025 | Entity | --- | --- | --- | Suspended | Textiles |
|
Sitara Hamza (Pvt) Limited
|
12-05-2025 | Entity | --- | --- | --- | Suspended | Textiles |
|
Sitara Textile Industries Ltd
|
09-04-2025 | Entity | --- | --- | --- | Suspended | Textiles |
|
Sohail Textile Mills Limited
|
02-12-2024 | Entity | BBB- | A2 | Stable | Reaffirmed | Textiles |
|
Soorty Enterprises (Pvt) Limited
|
06-09-2024 | Entity | AA- | A1 | Stable | Reaffirmed | Textiles |
|
Sunrays Textile Mills Limited
|
25-10-2024 | Entity | A- | A1 | Stable | Reaffirmed | Textiles |
|
Suraj Cotton Mills Limited
|
07-05-2025 | Entity | A+ | A1 | Stable | Reaffirmed | Textiles |
|
Tauseef Enterprises (Pvt) Limited
|
18-09-2024 | Entity | A- | A2 | Stable | Initial | Textiles |
|
The Crescent Textile Mills Limited
|
21-05-2025 | Entity | A- | A2 | Negative | Reaffirmed | Textiles |
|
Towellers Limited
|
28-03-2025 | Entity | A | A1 | Stable | Maintained | Textiles |
|
Umar Spinning Mills (Pvt) Limited
|
22-04-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Textiles |
|
Union Apparel (Pvt) Ltd
|
20-03-2025 | Entity | A- | A2 | Rating Watch - Developing | Maintained | Textiles |
|
Union Fabrics (Pvt) Ltd
|
20-03-2025 | Entity | A- | A2 | Rating Watch - Developing | Maintained | Textiles |
|
Utopia Industries (Pvt) Limited
|
10-09-2024 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Z.A Corporation (Pvt) Ltd
|
28-04-2025 | Entity | BBB+ | A2 | Stable | Reaffirmed | Textiles |
|
Zaman Textile Mills (Pvt) Limited
|
12-03-2025 | Entity | A- | A2 | Stable | Reaffirmed | Textiles |
|
Zephyr Textiles Limited
|
11-12-2024 | Entity | BBB+ | A2 | Stable | Maintained | Textiles |
|
Veda Transit Solutions (Pvt.) Limited
|
28-03-2025 | Entity | D | --- | --- | Default | Transport |