Ratings
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action Sector
Al Baraka Bank (Pakistan) Limited
30-06-2024 Sukuk 2 A --- Positive Maintained Commercial Banks
Bank Makramah Limited (Formerly:Summit Bank Limited)
27-06-2023 TFC-1 B --- Rating Watch - Negative Harmonised Commercial Banks
Dubai Islamic Bank Pakistan Ltd
27-06-2024 Sukuk 3 AA- --- Stable Reaffirmed Commercial Banks
Dubai Islamic Bank Pakistan Ltd
27-06-2024 Sukuk 2 A+ --- Stable Reaffirmed Commercial Banks
28-06-2024 TFC-3 AA+ --- Stable Reaffirmed Commercial Banks
28-06-2024 TFC-2 AA+ --- Stable Reaffirmed Commercial Banks
28-06-2024 Sukuk 4 AAA --- Stable Reaffirmed Commercial Banks
28-06-2024 Sukuk 3 AAA --- Stable Reaffirmed Commercial Banks
28-06-2024 Sukuk 2 AA+ --- Stable Reaffirmed Commercial Banks
19-03-2025 TFC-1 --- --- --- Suspended Commercial Banks
26-06-2024 TFC-5 AA+ --- Stable Reaffirmed Commercial Banks
Khushhali Microfinance Bank Limited
30-05-2024 TFC-2 B --- Negative Maintained Micro Finance
Khushhali Microfinance Bank Limited
30-05-2024 TFC-1 B --- Negative Maintained Micro Finance
U Microfinance Bank Limited
10-06-2024 TFC-2 A- --- Stable Reaffirmed Micro Finance
BRR Guardian Modaraba
09-07-2010 TFC-1 D --- --- Default Modarabas
Al-Zamin Leasing Corporation Limited
09-01-2013 TFC-2 D --- --- Default NBFCs
14-05-2025 Sukuk 1 AA- (plim) --- Stable Preliminary NBFCs
Saudi Pak Leasing Company Limited
04-10-2010 TFC-1 D --- --- Default NBFCs
27-01-2010 TFC-1 D --- --- Default Cement & Construction
Javedan Corporation Ltd.
09-10-2024 Sukuk 1 AA- --- Stable Reaffirmed Cement & Construction
Sitara Chemical Industries Limited
24-04-2025 Sukuk 1 AA- --- Stable Reaffirmed Chemicals
Shakarganj Food Products Limited
03-07-2024 Sukuk 1 BBB- --- Stable Downgrade Consumer Goods
Sunridge Foods (Private) Limited
26-12-2024 Sukuk 1 AAA (plim) --- Stable Preliminary Consumer Goods
OBS AGP (Pvt) Limited
31-10-2024 Sukuk 1 A+ --- Stable Reaffirmed Medical and Pharmaceutical
OBS Pakistan (Pvt) Limited
05-11-2024 Sukuk 2 A+ --- Stable Reaffirmed Medical and Pharmaceutical
OBS Pakistan (Pvt) Limited
05-11-2024 Sukuk 1 A+ --- Stable Reaffirmed Medical and Pharmaceutical
03-06-2011 TFC-1 D --- --- Default Miscellaneous
PGP Consortium Limited
10-09-2024 Sukuk 1 AA- (plim) --- Stable Preliminary Oil & Gas
PGP Consortium Limited
10-09-2024 Pref Share BBB+ --- Stable Upgrade Oil & Gas
23-01-2025 Sukuk 5 AA+ --- Stable Reaffirmed Power Companies
Mughal Energy Limited
26-02-2025 Sukuk 1 A+ (plim) --- Stable Preliminary Power Companies
Neelum Jhelum Hydropower Company (Pvt) Ltd
16-08-2024 Sukuk 1 AAA --- Stable Note Power Companies
Crescent Steel & Allied Products Limited
17-12-2024 Sukuk 1 A- --- Stable Reaffirmed Steel & Allied Products
Mughal Iron & Steel Industries Limited
30-05-2025 Sukuk 5 AA- --- Stable Final Steel & Allied Products
Mughal Iron & Steel Industries Limited
18-11-2024 Sukuk 1 A+ --- Stable Reaffirmed Steel & Allied Products
Shahmurad Sugar Mills Ltd
17-08-2010 Sukuk 1 A- --- Stable Reaffirmed Sugar
Al-Karam Textile Mills (Pvt) Limited
27-08-2024 Sukuk 1 A --- Stable Final Textiles
03-01-2011 TFC-1 D --- --- Default Textiles
Quetta Textile Mills Ltd
30-03-2012 TFC-1 D --- --- Default Textiles