The Pakistan Credit Rating Agency Limited [PACRA]
Adnan Dilawar has extensive work experience in the financial industry, primarily with The Pakistan Credit Rating Agency (PACRA). Adnan started their career at PACRA in 2007 as a Financial Analyst and was promoted to Senior Financial Analyst in 2008. Adnan later took on the role of Manager Ratings, leading a team of analysts and overseeing risk assessment and client relationships. In 2012, they became the Unit Head Analytics, where they spearheaded PACRA's product diversification and collaborated with multilateral institutions for market development.
In 2018, Adnan became the Unit Head Ratings, responsible for the ratings of over 130 clients across various sectors. Adnan was also a voting member of the Rating Committee and led teams of analysts. In 2020, they took on the role of Chief Solutions Officer, leading PACRA's transformation into a digital organization and developing new rating and non-rating services. Adnan also oversaw PACRA's overseas ventures and collaborated with international affiliates.
Adnan is currently the Head Development at PACRA, where they continue to develop new services and products, work with international affiliates, and oversee the research function. Adnan is also a member of the Rating Committee and leads four functions providing support and services within and outside the organization.
Prior to joining PACRA, Adnan worked as a Financial Analyst at Sallie Mae, where they focused on student loan portfolio management, and as a Financial Analyst at SS Development, LLC, USA, where they worked on business plans, feasibility reports, and fundraising for hotel construction and property development projects.
Adnan Dilawar attended the University of Indianapolis, where they obtained a Bachelor of Science degree in Management Information Systems. Adnan later pursued a Master of Business Administration degree in Finance at the same university. No specific start or end years were provided for their education.
The Pakistan Credit Rating Agency Limited [PACRA]
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PACRA - The first and leading credit rating agency of Pakistan was established in 1994 as a joint venture among Fitch Ratings (the world's leading international rating agency, at that time IBCA Ratings), IFC (International Finance Corporation), and LSE Financial Services Limited ( at the time Lahore Stock Exchange). Since its inception PACRA have over 8500 opinions spread across more than 10 distinct financial sectors and more than 45 distinct corporate sectors; all these are a testament to its expertise, exceptional command, market leadership, and the confidence reposed in its opinions. The current outstanding rating opinions stand at over 500. More than 40% of the KSE-100 index companies are rated and have a rating opinion on every third rupee of corporate debt raised in Pakistan through the banking sector. PACRA along with its strong national position has also enhanced its international presence over the years. This includes successful completion of international rating assignments in collaboration with Fitch and providing technical assistance to NCR Bangladesh and Lanka Rating Agency. The ownership and management structure of PACRA ensures complete independence from any direct or indirect control of the government, political influence, private sector business group, or financial institution. Hence, the rating assigned by the rating committee of PACRA reflects a true and objectively formed opinion of the credit risk. PACRA's "over-quarter of a century" experience is equipped with a full range of credit rating and specialized rating services. Our Credit rating includes corporate entities and fixed income instruments. In contrast, the Specialized Ratings help gauge the risks across factors other than the probability of default. Specialized ratings include Financial Strength ratings of modarabas, Mutual Fund ratings, Insurer Financial Strength (IFS) ratings for insurance companies, Broker Fiduciary Ratings (BFR), and, Social Impact & Performance ratings (SIP).