Pakistan, Sept. 2 -- The Pakistan Credit Rating Limited (PACRA) and Lianhe Ratings Global Limited (Lianhe Global), the international arm of one of China's largest credit rating groups, have entered into a Memorandum of Understanding (MoU) to establish a framework for cooperation. The MoU brings together PACRA's established presence and understanding of Pakistan's credit markets with Lianhe Global's international credit rating capabilities and the Lianhe Group's significant presence and experience in China's domestic and cross-border debt markets.

Under the MoU, PACRA and Lianhe Global intend to explore potential areas of cooperation including ESG-related rating products, assessments and methodologies; independent evaluations of green, so...