Karachi: 21st September, 2016 – Pak-Qatar Family Takaful Limited (PQFTL) is the pioneering Takaful company in Pakistan, which has recently received rating of “A” (Single A) with Stable Outlook for its ‘Insurer Financial Strength’ (IFS), from the Pakistan Credit Rating Agency (PACRA).
The profitability of the company has remained strong as compared to peers, reflecting a strong business profile. The growth pattern of this company has also remained high in recent years. Moreover, after having established a nationwide branch network, PQFTL is now gradually expanding its wings through Alternate Distribution Channels (ADC).
The rating denotes a strong capacity to meet policy-holders and contract obligations. The rating also reflects the sustained market position of the company, having decent foothold in Bancatakaful.
The Chief Financial Officer of PQFTL – Mr. Kamran Saleem stated that: It is a pleasure for us to see that the robust performance of PQFTL, in all aspects of its business, is being 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 on winning this accolade for strong financial stature and earning more respect as a robust financial institution”.