Ratings
Name Date Rating Type Long Term Short Term Outlook/Rating Watch Action Sector
Pakistan Telecommunication Company Limited
23-06-2025 STS-8 --- --- --- Matured Communication
At-Tahur Limited
16-06-2025 STS --- --- --- Matured Consumer Goods
Agha Steel Industries Limited
23-05-2025 Sukuk 3 --- --- --- Withdrawn Steel & Allied Products
Agha Steel Industries Limited
23-05-2025 Entity --- --- --- Withdrawn Steel & Allied Products
OBS Pharma (Pvt) Limited
16-05-2025 STS-2 --- --- --- Withdrawn Medical and Pharmaceutical
HBL Mehfooz Munafa Fund Plan-I (Under HBL Mehfooz Munafa Fund)
29-04-2025 Fund Stability --- --- --- Matured Fund Ratings
Al-Karam Textile Mills (Pvt) Limited
16-04-2025 STS --- --- --- Matured Textiles
Pakistan Telecommunication Company Limited
20-03-2025 STS-7 --- --- --- Matured Communication
Silk Bank Limited
19-03-2025 Entity --- --- --- Withdrawn Commercial Banks
Masood Textile Mills Limited
03-03-2025 Sukuk 1 --- --- --- Matured Textiles
Pakistan Telecommunication Company Limited
20-02-2025 STS-6 --- --- --- Matured Communication
K-Electric Limited
06-02-2025 STS-27 --- --- --- Matured Power Companies
K-Electric Limited
30-01-2025 STS-25 --- --- --- Matured Power Companies
K-Electric Limited
30-01-2025 STS-26 --- --- --- Matured Power Companies
CDC Share Registrar Services Limited
28-01-2025 Entity --- --- --- Withdrawn NBFCs
Rousch (Pakistan) Power Limited
22-01-2025 Entity --- --- --- Withdrawn Power Companies
Lakeside Energy Limited
20-01-2025 Entity --- --- --- Withdrawn Power Companies
Cotton Web Limited
14-01-2025 Entity --- --- --- Withdrawn Textiles
Pakistan Telecommunication Company Limited
10-01-2025 STS-5 --- --- --- Matured Communication
Chakwal Textile Mills Limited
09-01-2025 Entity --- --- --- Withdrawn Textiles
Lahore Grammer School (Pvt) Ltd
06-01-2025 Entity --- --- --- Withdrawn Miscellaneous
Fauji Fertilizer Bin Qasim Limited
06-01-2025 Entity --- --- --- Withdrawn Fertilizer
Intermarket Securities Limited
02-01-2025 Entity --- --- --- Withdrawn Brokerage & Securities Firms
Intermarket Securities Limited
02-01-2025 BMR --- --- --- Withdrawn Brokerage & Securities Firms
Intermarket Securities Limited
02-01-2025 BFR --- --- --- Withdrawn Brokerage & Securities Firms
Pakistan Telecommunication Company Limited
19-12-2024 STS-4 --- --- --- Matured Communication
Pakistan Telecommunication Company Limited
10-12-2024 STS-3 --- --- --- Matured Communication
JDW Sugar Mills Ltd
02-10-2024 STS-2 --- --- --- Matured Sugar
Masood Textile Mills Limited
24-09-2024 Entity --- --- --- Withdrawn Textiles
Al Baraka Bank (Pakistan) Limited
10-09-2024 Sukuk 1 --- --- --- Matured Commercial Banks
OBS Pharma (Pvt) Limited
04-09-2024 STS --- --- --- Matured Medical and Pharmaceutical
Allied Rental Modaraba
24-07-2024 Entity --- --- --- Withdrawn Modarabas
Pakistan Telecommunication Company Limited
24-07-2024 STS-2 --- --- --- Matured Communication
JDW Sugar Mills Ltd
22-07-2024 STS --- --- --- Matured Sugar
Ejaz Spinning Mills Limited
19-07-2024 Entity --- --- --- Withdrawn Textiles
U Microfinance Bank Limited
11-07-2024 TFC-1 --- --- --- Matured Micro Finance
Mehran Plastic Industries (Pvt) Limited
05-07-2024 Entity --- --- --- Withdrawn Paper & Packaging
EFU Health Insurance Limited (formerly Allianz EFU Health Insurance Limited)
03-07-2024 IFS --- --- --- Withdrawn Insurance
Pakistan Telecommunication Company Limited
27-06-2024 STS --- A1+ --- Matured Communication
Samba Bank Limited
25-06-2024 Entity --- --- --- Withdrawn Commercial Banks
Sunrise Plastic Industries (Pvt) Limited
05-06-2024 Entity --- --- --- Withdrawn Paper & Packaging
Blow Plast (Pvt) Limited
05-06-2024 Entity --- --- --- Withdrawn Paper & Packaging
Chase Securities Pakistan (Pvt) Limited
04-06-2024 BMR BMR3++ --- --- Withdrawn Brokerage & Securities Firms
Al-Bario Engineering (Pvt) Ltd
03-06-2024 Entity --- --- --- Withdrawn Miscellaneous
Master Motor Corporation (Pvt) Limited
03-06-2024 Entity --- --- --- Withdrawn Auto & Allied
Alpha Capital (Pvt) Limited
30-05-2024 BMR BMR3++ --- --- Withdrawn Brokerage & Securities Firms
Habib Oil Mills (Pvt.) Limited
24-05-2024 Entity --- --- --- Withdrawn Consumer Goods
K-Electric Limited
22-05-2024 STS-21 --- A1+ --- Matured Power Companies
K-Electric Limited
22-05-2024 STS-20 --- A1+ --- Matured Power Companies
StocXinvest Securities (Pvt) Limited
17-05-2024 BFR BFR4++ --- --- Withdrawn Brokerage & Securities Firms
Zahra Textile
15-05-2024 Entity --- --- --- Withdrawn Textiles
Waves Home Appliances Limited (Formerly: Samin Textiles Limited)
14-05-2024 Entity --- --- --- Withdrawn Engineering
Quality Textile Mills Ltd
14-05-2024 Entity --- --- --- Withdrawn Textiles
Pakistan Tiles Private Limited
14-05-2024 Entity --- --- --- Withdrawn Miscellaneous
Frontier Ceramics Limited
14-05-2024 Entity --- --- --- Withdrawn Miscellaneous
Artistic Apparels (Pvt) Ltd
14-05-2024 Entity --- --- --- Withdrawn Textiles
Chiniot Textile Mills Limited
02-05-2024 Entity --- --- --- Withdrawn Textiles
Artistic Milliners (Pvt) Limited
02-05-2024 Entity --- --- --- Withdrawn Textiles
I-J Plastic Industries (Pvt) Limited
08-04-2024 Entity --- --- --- Withdrawn Paper & Packaging
Eastern Spinning Mills Limited
08-04-2024 Entity --- --- --- Withdrawn Textiles
Qadri Textile Mills Limited
08-04-2024 Entity --- --- --- Withdrawn Textiles
Magna Processing Industries (Pvt) Limited
08-04-2024 Entity --- --- --- Withdrawn Textiles
Magna Textile Industries (Pvt) Limited
08-04-2024 Entity --- --- --- Withdrawn Textiles
Agha Steel Industries Limited
01-04-2024 STS --- --- --- Withdrawn Steel & Allied Products
Pakistan Telecommunication Company Limited
19-03-2024 Sukuk 1 --- --- --- Withdrawn Communication
Gujranwala Food Industries (Pvt) Ltd
28-02-2024 Entity --- --- --- Withdrawn Consumer Goods
Aspin Pharma (Pvt) Limited
16-02-2024 Sukuk 1 --- --- --- Matured Medical and Pharmaceutical
DSV Solutions (Pvt) Limited (Formerly: Agility Logistics (Pvt) Limited)
17-01-2024 Entity --- --- --- Withdrawn Storage and Distribution
Mehran Spice & Food Industries
18-12-2023 Entity --- --- --- Withdrawn Consumer Goods
Superhighway Construction Operation and Rehabilitation Engineering (Pvt) Limited
07-12-2023 Entity --- --- --- Withdrawn Cement & Construction
Shafi Texcel Limited
06-12-2023 Entity --- --- --- Withdrawn Textiles
KTRADE Securities Limited
05-12-2023 BMR --- --- --- Withdrawn Brokerage & Securities Firms
K-Electric Limited
17-11-2023 STS-17 --- --- --- Matured Power Companies
Darson Securities (Pvt) Limited
06-11-2023 BMR --- --- --- Withdrawn Brokerage & Securities Firms
Masco Spinning Mills (Pvt) Limited
19-10-2023 Entity --- --- --- Withdrawn Textiles
K-Electric Limited
12-10-2023 STS-16 --- --- --- Matured Power Companies
ABL Government Securities Fund
03-10-2023 Fund Stability --- --- --- Withdrawn Fund Ratings
ABL Islamic Cash Fund
03-10-2023 Fund Stability --- --- --- Withdrawn Fund Ratings
ABL Income Fund
03-10-2023 Fund Stability --- --- --- Withdrawn Fund Ratings
ABL Islamic Income Fund
03-10-2023 Fund Stability --- --- --- Withdrawn Fund Ratings
ABL Cash Fund
03-10-2023 Fund Stability --- --- --- Withdrawn Fund Ratings
K-Electric Limited
22-09-2023 STS-15 --- --- --- Matured Power Companies
Waves Home Appliances Limited (Formerly: Samin Textiles Limited)
17-08-2023 CP --- --- --- Withdrawn Engineering
Agha Steel Industries Limited
16-08-2023 Sukuk 1 --- --- --- Withdrawn Steel & Allied Products
Best Exports (Pvt) Ltd
02-08-2023 Entity --- --- --- Withdrawn Textiles
Pearl Securities Limited
31-07-2023 BMR --- --- --- Withdrawn Brokerage & Securities Firms
MRA Securities Limited
13-07-2023 BMR --- --- --- Withdrawn Brokerage & Securities Firms
Foundation Securities (Pvt) Limited
20-06-2023 BMR --- --- --- Withdrawn Brokerage & Securities Firms
Rousch (Pakistan) Power Limited
02-06-2023 CP --- --- --- Matured Power Companies
Automobile Corporation of Pakistan (Pvt) Limited
01-06-2023 Entity --- --- --- Withdrawn Auto & Allied
K-Electric Limited
06-04-2023 STS-10 --- --- --- Matured Power Companies
ASA Pakistan Limited
04-04-2023 Entity --- --- --- Withdrawn Micro Finance
HANTEX
03-04-2023 Entity --- --- --- Withdrawn Textiles
K-Electric Limited
22-03-2023 STS-9 --- --- --- Matured Power Companies
Integrated Equities Limited
09-03-2023 BMR --- --- --- Withdrawn Brokerage & Securities Firms
K-Electric Limited
28-02-2023 STS-8 --- --- --- Matured Power Companies
Telenor Microfinance Bank Limited
22-02-2023 Entity --- --- --- Withdrawn Micro Finance
Noor Fatima Fabrics (Pvt) Limited
31-01-2023 Entity --- --- --- Withdrawn Textiles
Yaqeen Developers Ltd
27-01-2023 Entity --- --- --- Withdrawn Cement & Construction
Denim Clothing Company
27-01-2023 Entity --- --- --- Withdrawn Textiles
Smartlink Technologies
18-01-2023 Entity --- --- --- Withdrawn Storage and Distribution
Power Cement Ltd
04-01-2023 BLR --- --- --- Withdrawn Cement & Construction
Waves Corporation Limited (Formerly Waves Singer Pakistan Limited)
27-12-2022 Entity --- --- --- Withdrawn Engineering
National Seafood (Pvt) Limited
23-12-2022 Entity --- --- --- Withdrawn Consumer Goods
ABA Ali Habib Securities (Pvt) Limited
15-12-2022 BFR --- --- --- Withdrawn Brokerage & Securities Firms
Al Razzaq Fibres (Private) Limited
15-12-2022 Entity --- --- --- Withdrawn Textiles
Fawad Yusuf Securities (Pvt) Ltd
09-12-2022 Entity --- --- --- Withdrawn Brokerage & Securities Firms
Razaque Steels (Pvt) Limited
08-12-2022 Entity --- --- --- Withdrawn Steel & Allied Products
AKD Securities Limited (Pre BIPLS)
08-12-2022 BFR BFR2++ --- --- Withdrawn Brokerage & Securities Firms
AKD Securities Limited (Pre BIPLS)
08-12-2022 BMR BMR1 --- --- Withdrawn Brokerage & Securities Firms
AKD Securities Limited (Pre BIPLS)
07-12-2022 Entity --- --- --- Withdrawn Brokerage & Securities Firms
Cotton Empire (Pvt) Ltd
07-12-2022 Entity --- --- --- Withdrawn Textiles
Agha Steel Industries Limited
06-12-2022 Sukuk 2 --- --- --- Withdrawn Steel & Allied Products
Dubai Islamic Bank Pakistan Ltd
02-12-2022 Sukuk 1 --- --- --- Withdrawn Commercial Banks
Security Investment Bank Limited
01-12-2022 Entity --- --- --- Withdrawn Investment Banks
Multiline Securities Limited
08-11-2022 BMR --- --- --- Withdrawn Brokerage & Securities Firms
Saakh Pharma (Pvt) Ltd
28-10-2022 Entity --- --- --- Withdrawn Medical and Pharmaceutical
Mughal Iron & Steel Industries Limited
28-10-2022 CP --- --- --- Matured Steel & Allied Products
Fortune Securities Limited
24-10-2022 BFR BFR3 --- Stable Withdrawn Brokerage & Securities Firms
Mughal Energy Limited
10-10-2022 Entity --- --- --- Withdrawn Power Companies
Adam Securities Limited
29-09-2022 BMR BMR2+ --- Stable Withdrawn Brokerage & Securities Firms
K-Electric Limited
13-09-2022 ICP-24 --- --- --- Matured Power Companies
K-Electric Limited
13-09-2022 ICP-23 --- --- --- Matured Power Companies
Ebrahim Textile Mills (Pvt) Limited
02-09-2022 Entity --- --- --- Withdrawn Textiles
Orient Textile Mills Limited
02-09-2022 Entity --- --- --- Withdrawn Textiles
Waves Corporation Limited (Formerly Waves Singer Pakistan Limited)
31-08-2022 CP --- --- --- Matured Engineering
Grays Leasing Limited
11-08-2022 Entity --- --- --- Withdrawn Leasing
K-Electric Limited
04-08-2022 Sukuk 4 --- --- --- Matured Power Companies
Next Capital Limited
05-07-2022 CP --- --- --- Matured Brokerage & Securities Firms
Bank Alfalah Ltd.
04-07-2022 TFC-1 --- --- --- Withdrawn Commercial Banks
Quaid-e-Azam Solar Power (Pvt) Limited
06-06-2022 Entity --- --- --- Withdrawn Power Companies
International Brands Limited
26-05-2022 Sukuk 1 --- --- --- Matured Storage and Distribution
International Brands Limited
26-05-2022 Entity --- --- --- Withdrawn Storage and Distribution
K-Electric Limited
07-04-2022 ICP-20 --- --- --- Matured Power Companies
K-Electric Limited
07-04-2022 ICP-19 --- --- --- Matured Power Companies
ABL Asset Management Limited
15-02-2022 Management Quality --- --- --- Withdrawn Asset Manager Quality
Jamshoro Joint Venture Limited
09-02-2022 Entity --- --- --- Withdrawn Oil & Gas
Yunus Textile Mills Limited
02-02-2022 Entity --- --- --- Withdrawn Textiles
International Complex Projects Limited
31-01-2022 Entity --- --- --- Withdrawn Cement & Construction
BMA Empress Cash Fund
27-01-2022 Fund Stability --- --- --- Withdrawn Fund Ratings
Shajar Roads Limited
10-01-2022 Entity --- --- --- Withdrawn Cement & Construction
Meezan Bank Limited
31-12-2021 Sukuk 1 --- --- --- Matured Commercial Banks
Inbox Business Technologies Limited
30-12-2021 Entity --- --- --- Withdrawn Miscellaneous
Kot Addu Power Company Limited
16-12-2021 CP --- --- --- Matured Power Companies
Ghotki Kandhkot Road & Bridge Co. (Pvt) Limited
29-11-2021 Sukuk/TFC --- --- --- Withdrawn Cement & Construction
Din Energy Limited
18-11-2021 Entity --- --- --- Withdrawn Power Companies
Din Textile Mills Limited
18-11-2021 Entity --- --- --- Withdrawn Textiles
K-Electric Limited
26-10-2021 ICP-18 --- --- --- Matured Power Companies
K-Electric Limited
26-10-2021 ICP-17 --- --- --- Matured Power Companies
K-Electric Limited
26-10-2021 CP-14 --- --- --- Matured Power Companies
Airwaves Media (Pvt) Limited
25-10-2021 Entity --- --- --- Withdrawn Miscellaneous
Agro Steel Industry
21-10-2021 Entity --- --- --- Withdrawn Steel & Allied Products
Sindh Nooriabad Power Company Phase-II (Pvt) Limited
20-09-2021 TFC-2 --- --- --- Withdrawn Power Companies
Sindh Nooriabad Power Company Limited
20-09-2021 TFC-1 --- --- --- Withdrawn Power Companies
Al-Rahim Trading Company (Pvt) Limited
20-09-2021 Entity --- --- --- Withdrawn Storage and Distribution
Hascol Petroleum Limited
14-09-2021 Sukuk 1 --- --- --- Withdrawn Oil & Gas
Hascol Petroleum Limited
14-09-2021 Entity --- --- --- Withdrawn Oil & Gas
Renacon Pharma Limited
08-09-2021 Entity --- --- --- Withdrawn Medical and Pharmaceutical
Elite Estates (Pvt) Limited
06-08-2021 BLR --- --- --- Matured Cement & Construction
Foundation Wind Energy I Limited
13-07-2021 Entity --- --- --- Withdrawn Power Companies
K-Electric Limited
09-07-2021 CP-13 --- --- --- Matured Power Companies
K-Electric Limited
09-07-2021 CP-10 --- --- --- Matured Power Companies
Bank Alfalah Ltd.
30-06-2021 Entity --- --- --- Withdrawn Commercial Banks
Habib Bank Limited
18-06-2021 TFC-1 --- --- --- Matured Commercial Banks
AWT Investments Limited
15-06-2021 Management Quality --- --- --- Withdrawn Asset Manager Quality
Askari Bank Ltd
03-06-2021 TFC-5 --- --- --- Withdrawn Commercial Banks
Commtel
28-05-2021 Entity --- --- --- Withdrawn Miscellaneous
Mima Leather (Pvt) Ltd.
20-05-2021 Entity --- --- --- Withdrawn Tanneries and Leather Products
K-Electric Limited
05-04-2021 CP-9 --- A1+ --- Matured Power Companies
Sania Enterprises
02-03-2021 Entity --- --- --- Withdrawn Transport
FM Express
02-03-2021 Entity --- --- --- Withdrawn Transport
Al Nasr Textiles Limited
22-02-2021 Entity --- --- --- Withdrawn Textiles
Attock Cement Pakistan Limited
22-02-2021 Entity --- --- --- Withdrawn Cement & Construction
Pak-Kuwait Takaful Company Limited
11-02-2021 IFS --- --- --- Withdrawn Insurance
Arif Habib Equity Limited
08-02-2021 Entity AA- A1 Stable Withdrawn Miscellaneous
Ferrous Engineering Industry
29-01-2021 Entity --- --- --- Withdrawn Steel & Allied Products
Shaheen Freight Services
22-01-2021 Entity --- --- --- Withdrawn Storage and Distribution
Cine Star SMC (Pvt) Ltd
18-01-2021 Entity --- --- --- Withdrawn Miscellaneous
Deokjae Connecting Roads (Pvt) Limited
18-01-2021 Entity --- --- --- Withdrawn Cement & Construction
Radiant Medical (Pvt) Ltd
15-01-2021 Entity --- --- --- Withdrawn Medical and Pharmaceutical
Nova Powergen Limited
14-01-2021 Entity --- --- --- Withdrawn Power Companies
Sindh Leasing Company Limited
11-01-2021 Entity --- --- --- Withdrawn Leasing
JS Investments Limited
29-12-2020 Management Quality --- --- --- Withdrawn Asset Manager Quality
Askari Cement Limited
03-12-2020 Entity --- --- --- Withdrawn Cement & Construction
Allied Industries Hub (Pvt) Ltd
16-11-2020 Entity --- --- --- Withdrawn Engineering
Clover Pakistan Limited
12-11-2020 Entity --- --- --- Withdrawn Consumer Goods
Hilal Foods (Pvt) Limited
12-11-2020 Entity --- --- --- Withdrawn Consumer Goods
Premier Agencies
11-11-2020 Entity --- --- --- Withdrawn Storage and Distribution
P.D.H. Laboratories (Pvt) Ltd
05-11-2020 Entity --- --- --- Withdrawn Medical and Pharmaceutical
Vision Developers (Pvt) Ltd
05-11-2020 Entity --- --- --- Withdrawn Cement & Construction
Vision Builders (Pvt) Limited
05-11-2020 Entity --- --- --- Withdrawn Cement & Construction
Park View Enclave (Pvt) Limited
05-11-2020 Sukuk/TFC --- --- --- Withdrawn Cement & Construction
Park View Enclave (Pvt) Limited
05-11-2020 Entity --- --- --- Withdrawn Cement & Construction
Avanceon Limited
21-10-2020 Entity --- --- --- Withdrawn Engineering
Hascol Petroleum Limited
14-10-2020 CP-4 --- --- --- Withdrawn Oil & Gas
Treet Corporation Limited
06-10-2020 Sukuk 1 --- --- --- Withdrawn Consumer Goods
Treet Corporation Limited
06-10-2020 PTC 1 --- --- --- Matured Consumer Goods
Riaz Textile Mills (Pvt) Limited
26-08-2020 Entity --- --- --- Withdrawn Textiles
K-Electric Limited
25-08-2020 CP-8 --- A1+ --- Matured Power Companies
Zarai Taraqiati Bank Limited
30-06-2020 Govt. Guaranteed Obligations --- --- --- Withdrawn DFIs
Foundation Wind Energy - II Limited
24-06-2020 Entity --- --- --- Withdrawn Power Companies
Elixir Securities Pakistan (Pvt) Limited
17-06-2020 Entity --- --- --- Withdrawn Brokerage & Securities Firms
FINCA Microfinance Bank Limited
30-04-2020 TFC-1 --- --- --- Withdrawn Micro Finance
K-Electric Limited
12-03-2020 CP-5 --- A1+ --- Matured Power Companies
Takaful Pakistan Limited
24-02-2020 IFS --- --- --- Withdrawn Insurance
Sindh Nooriabad Power Company Phase-II (Pvt) Limited
14-02-2020 Sukuk 1 --- --- --- Withdrawn Power Companies
Sindh Nooriabad Power Company Limited
14-02-2020 Sukuk 1 --- --- --- Withdrawn Power Companies
Dawood Equities Limited
03-02-2020 Entity --- --- --- Withdrawn Brokerage & Securities Firms
Pakistan General Insurance Company Limited
03-02-2020 IFS --- --- --- Withdrawn Insurance