Karachi: The Pakistan Credit Rating Agency Limited (PACRA) has reaffirmed the entity ratings of Etimaad Engineering (Pvt.) Limited, recognizing the company’s solid operational history and strategic business maneuvers, particularly in the oil and power sectors. This rating reflects Etimaad’s consistent performance and its balanced approach towards securing a sustainable growth trajectory.

According to The Pakistan Credit Rating Agency Limited, Etimaad has successfully executed various large-scale infrastructure projects, both independently and through joint ventures, which has significantly bolstered its market position. The company is strategically diversifying its operations, having recently established a subsidiary in the Kingdom of Saudi Arabia, aiming to mitigate local market risks by tapping into new geographical territories. This move is part of a broader strategy to manage the cyclical nature of the construction industry and its associated risks, including cost overruns and economic volatility.

The agency’s report highlights Etimaad’s prudent financial management and moderate leverage, which have enabled it to maintain a stable financial profile amid challenging economic conditions. The company’s focus on maintaining a robust pipeline of projects, particularly in government-led oil projects, is expected to drive future growth and sustain its long-term financial health.