KARACHI: State Bank of Pakistan has renewed status of credit rating agencies JCR-VIS Credit Rating Company Limited (JCR-VIS) and Pakistan Credit Rating Agency Limited (PACRA) operating in Pakistan as eligible/recognised External Credit Assessment Institutions (ECAIs) for calendar year 2018. Banks and DFIs using standardised approach of basel framework are allowed to use credit ratings assigned by JCR-VIS and PACRA for CAR calculation purposes. Published in Daily Times, May 18th 2018.