April 25, 2022: VIS Credit Rating Company and PACRA have harmonized the Insurer Financial Strength rating of Pak-Qatar Family Takaful Limited (PQFTL) at ‘A++’ with a stable outlook, a press release said.
The rating assigned signifies a high capacity to meet policyholder obligations and contractual obligations reflected by the company’s adequate capitalization and liquidity profile. The business generated through the Bancatakaful channel has been the highest contributor to the top line.
Pak-Qatar Family Takaful Limited is the pioneer and the dedicated Takaful Company operating for more than a decade offering financial protection to everyone with a history of robust profitability ratios.
Moreover, PQFTL has established an extensive nationwide branch network of over 160 branches in 125+ cities.
CEO, PQFTL – Mr. Azeem I. Pirani stated, “It is a pleasure for all the stakeholders to witness the robust performance of PQFTL, in all aspects of its business. This was only possible because of our well-defined organizational structure of the company, experienced management, one of the highest paid-up capital in the industry, payment of claims on a timely basis, distribution of surplus each year, continuous investment in information technology, and well-diversified branch network. Also, it is a reflection of the consistent hard work of our highly committed team.”