Karachi: June 6,2023. The State Bank of Pakistan (SBP) has renewed the status of the two credit rating agencies operating in Pakistan
namely “VIS Credit Rating Company Limited (VIS)” and “The Pakistan Credit Rating Agency Limited
(PACRA)” as eligible / recognized External Credit Assessment Institutions (ECAIs) till December 31 2023.
Banks and DFIs using the standardized approach of Basel framework are allowed to use credit ratings
assigned by VIS and PACRA for CAR calculation purposes