The Pakistan Credit Rating Agency Limited [PACRA]

Established in 1994 as a joint venture between Lahore Stock Exchange, Karachi Stock Exchange (now Pakistan Stock Exchange), and Fitch Ratings, PACRA is a leading credit rating agency in Pakistan. Licensed by the Securities and Exchange Commission of Pakistan (SECP), its mission is to provide high-quality, independent, and objective credit risk opinions to the market. PACRA rates a wide range of entities and financial instruments, including corporates, banks, insurance companies, and debt instruments, thereby enhancing market transparency and facilitating investment decisions.