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Friday, 18 March 2016

PACRA MAINTAINS IFS RATING OF PAK-QATAR GENERAL TAKAFUL AT “A”

Lahore—The Pakistan Credit Rating Agency (PACRA) has maintained the Insurer Financial Strength (IFS) of Pak-Qatar General Takaful Limited at ‘A’ (Single A). The rating assigned to PQGTL recognizes its strong capacity to meet policy-holders’ and contract obligations, while it also reflects sound risk-absorption capacity of the company, due to its adequate capitalization and liquidity profile.


The PACRA report stated that; Pak-Qatar General Takaful – being an early entrant in Islamic insurance (Takaful); both General and Life – has achieved good brand recognition. This gives strength to PQGTL’s business profile.

The Chief Executive Officer of PQGTL – Mr. Javed Muslim stated, “It is a pleasure for us to see that the robust performance of PQGTL, in all aspects of its business, has also been recognized by a credible rating agency like PACRA. It is a reflection of the consistent hard work of our highly competent team. I congratulate all team members for winning this strong financial stature and respect as a robust financial institution.



(Pakistan Observer / 16 March 2016)
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