PACRA upgrades JS Investments to AM1 (Stable) — Pakistan’s Highest Asset Manager Quality Rating

LAHORE: The Pakistan Credit Rating Agency (PACRA) has upgraded JS Investments Limited (JSIL) to AM1 (Stable) — the highest asset manager quality rating in Pakistan.
The rating upgrade reflects JSIL’s strengthened governance framework, enhanced operational quality, and a research-driven investment process that has consistently delivered strong, risk-adjusted performance. PACRA also noted the company’s growing retail participation through digital channels and pension solutions as a key driver of its performance trajectory.
As of end-September 2025, JSIL’s assets under management (AUM) had risen by nearly 50 percent year-on-year, capturing an estimated 3.72 percent market share. Advisory and separately managed account (SMA) mandates contributed significantly to overall scale, while earnings momentum remained robust — with management fee income up 132 percent during the first nine months of 2025 and profit after tax around PKR 370 million.
Investor concentration has continued to ease, supported by recurring inflows from provincial pension funds, digital onboarding initiatives, and the expansion of JSIL’s Wealth Centers network.
JS Investments CEO Iffat Mankani said the AM1 rating serves as “an important validation of our governance standards, research depth, and client-centric execution.” She added: “We will continue to scale digital access, pensions, ETFs, and outcome-oriented products so that more savers can invest confidently across economic cycles.”