State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan namely "JCR-VIS Credit Rating Company Limited (JCR-VIS)" and "The Pakistan Credit Rating Agency Limited (Pacra)" as eligible/recognised External Credit Assessment Institutions (ECAIs) for the calendar year 2017. Banks and DFIs using the standardised approach of Basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for CAR calculation purposes.
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