Ratings
Name Date Rating Type Long Term Short Term Outlook/
Rating Watch		 Action Sector
AKD Aggressive Income Fund
31-12-2015 Fund Stability BBB(f) --- --- Reaffirmed Mutual Funds - Open End
AKD Cash Fund
31-12-2015 Fund Stability AA+(f) --- --- Reaffirmed Miscellaneous Non-manufacturing
Al Ameen Islamic Aggressive Income Fund
09-01-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
Al Ameen Islamic Cash Fund
09-01-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
Al Ameen Islamic Sovereign Fund
09-01-2025 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
AL Habib Cash Fund (formerly First Habib Cash Fund)
27-12-2024 Fund Stability AAA (f) --- --- Upgrade Mutual Funds - Open End
AL Habib Money Market Fund
27-12-2024 Fund Stability AAA (f) --- --- Upgrade Mutual Funds - Open End
Alfalah Government Securities Fund - II (Formerly: Faysal Government Securities Fund)
28-10-2024 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
Alfalah Money Market Fund - II
08-12-2025 Fund Stability AA+(f) --- --- Initial Mutual Funds - Open End
Alfalah MTS Fund
08-12-2025 Fund Stability AA- (f) --- --- Initial Mutual Funds - Open End
Askari Cash Fund
02-01-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
Askari Sovereign Yield Enhancer
02-01-2025 Fund Stability AA- (f) --- --- Reaffirmed Mutual Funds - Open End
Faysal Cash Fund
27-12-2024 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
Faysal Halal Amdani Fund II
25-08-2025 Fund Stability AA- (f) --- --- Initial Mutual Funds - Open End
Faysal Islamic Cash Fund
27-12-2024 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
Faysal Islamic Financial Growth Plan II
25-08-2025 Fund Stability AA- (f) --- --- Initial Mutual Funds - Open End
Faysal Islamic Financial Growth Plan-I (Under Faysal Islamic Financial Growth Fund)
03-09-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
Faysal Islamic Savings Growth Fund
27-12-2024 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
Faysal Islamic Sovereign Fund Plan-I (Under Faysal Islamic Sovereign Fund)
05-09-2025 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
Faysal Islamic Sovereign Fund Plan-II (Under Faysal Islamic Sovereign Fund)
03-09-2025 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
HBL Cash Fund
03-03-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
HBL Financial Sector Income Fund Plan-I (Under HBL Financial Sector Income Fund)
03-03-2025 Fund Stability A+(f) --- --- Initial Mutual Funds - Open End
HBL Financial Sector Income Fund Plan-II (Under HBL Financial Sector Income Fund)
03-03-2025 Fund Stability AA- (f) --- --- Initial Mutual Funds - Open End
HBL Government Securities Fund
03-03-2025 Fund Stability AA- (f) --- --- Reaffirmed Mutual Funds - Open End
HBL Income Fund
03-03-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
HBL Islamic Income Fund
03-03-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
HBL Islamic Money Market Fund
03-03-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
HBL Money Market Fund
03-03-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
HBL Total Treasure Exchange Traded Fund
28-03-2025 Fund Stability AA- (f) --- --- Initial Mutual Funds - Open End
Meezan Cash Fund
06-01-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
Meezan Daily Income Plan-I
06-01-2025 Fund Stability AA- (f) --- --- Upgrade Mutual Funds - Open End
Meezan Islamic Income Fund
06-01-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
Meezan Rozana Amdani Fund
06-01-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
Meezan Sovereign Fund
06-02-2025 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
NIT Islamic Money Market Fund
22-01-2025 Fund Stability AAA (f) --- --- Reaffirmed Mutual Funds - Open End
NIT Social Impact Fund
03-01-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
UBL Government Securities Fund
09-01-2025 Fund Stability AA(f) --- --- Reaffirmed Mutual Funds - Open End
UBL Growth & Income Fund
09-01-2025 Fund Stability A+(f) --- --- Reaffirmed Mutual Funds - Open End
UBL Income Opportunity Fund
09-01-2025 Fund Stability AA- (f) --- --- Reaffirmed Mutual Funds - Open End
UBL Liquidity Plus Fund
09-01-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End
UBL Money Market Fund
09-01-2025 Fund Stability AA+(f) --- --- Reaffirmed Mutual Funds - Open End