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

The Pak Banker - - COMPANIES/BOSS -

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."

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.