Pakistan Credit Rating Agency Limited maintains Insurer Financial Strength rating of Pak-Qatar General Takaful at ‘A’

Lahore, March 15, 2016 (PPI-OT): 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.”

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com