JS Investments Limited (PSX: JSIL), one of Pakistan’s pioneering private sector asset management companies, has been upgraded to AM1 (Stable) by The Pakistan Credit Rating Agency (PACRA), reflecting the firm’s strong governance framework, operational excellence, and growing influence in Pakistan’s investment landscape.
The AM1 upgrade underscores JSIL’s sustained improvements across multiple fronts, including governance standards, research-driven investment processes, and execution excellence, which together deliver consistently strong risk-adjusted returns. PACRA specifically noted the company’s ability to attract broader retail participation through digital channels and pension fund solutions, further supporting its long-term growth strategy.
As of September 2025, JSIL’s assets under management (AUM) recorded a year-on-year increase of 50%, capturing an estimated 3.72% market share in the country’s asset management sector. Advisory and separately managed account (SMA) mandates have significantly contributed to the firm’s scale, while earnings momentum remains robust. Management fee income surged by 132% in the first nine months of the calendar year, with profit after tax (PAT) reaching Rs370 million.
PACRA highlighted the declining concentration of investors in JSIL’s funds, driven by recurring inflows from provincial pension schemes, digital onboarding of new clients, and the expansion of the firm’s Wealth Centers network. These factors have reinforced JSIL’s position as a leading and trusted asset manager in Pakistan.
Iffat Mankani, CEO of JS Investments, commented on the rating upgrade: “AM1 is an important validation of our governance standards, research depth, and client-centric execution. We will continue scaling digital access, pensions, ETFs, and outcome-oriented products so more savers can invest confidently across cycles.”
Founded in 1995, JS Investments holds the distinction of being Pakistan’s first private sector asset management company. Over the years, it has built a comprehensive suite of products, including mutual funds, pension funds, exchange-traded funds (ETFs), separately managed accounts, and real estate investment trusts (REITs). The firm is a key component of the JS Group, one of Pakistan’s leading financial services conglomerates, with JS Bank Limited holding an 85% stake in JSIL.
The PACRA upgrade also signals confidence in JSIL’s continued ability to maintain high governance and operational standards while expanding its digital footprint. By leveraging technology, research insights, and diversified product offerings, JSIL has strengthened investor confidence and broadened participation in capital markets.
This milestone positions JS Investments as a leading driver of Pakistan’s evolving investment management industry, particularly as the country witnesses increased demand for accessible, research-backed, and digitally-enabled financial products. The AM1 rating reflects not only the firm’s current strength but also its sustainable trajectory for growth and client service excellence.
Follow the PakBanker Whatsapp Channel for updates across Pakistan’s banking ecosystem.