Pak-Qatar Family Takaful Limited (PQFTL), a pioneering Takaful company in Pakistan, 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 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 nation-wide 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. Chief Financial Officer of PQFTL Kamran Saleem was pleased to see that the robust performance of PQFTL, in all aspects of its business, was being recognised by a credible rating agency such as PACRA. He said it was a reflection of the consistent hard work of his highly competent team. He congratulated all team members on winning this accolade for strong financial stature and earning more respect as a robust financial institution. The paid-up capital of Pak-Qatar Family is more than Rs 700 million.