PACRA maintains IFS rating of Pak-Qatar General Takaful at ‘A’
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."