November 7, 2019: VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of Pak-Qatar Family Takaful Limited (PQFTL) at ‘A+’ with Stable outlook.
The rating assigned signifies high capacity to meet policyholder obligations and contractual obligations reflected by the company’s adequate capitalization and liquidity profile. Business generated through the Bancatakaful channel has been the highest contributor to top-line.
Director Finance and Company Secretary, PQFTL – Mr. Kamran Saleem stated that, “It is a pleasure for all the stakeholders to witness that the robust performance of PQFTL, in all aspects of its business, is being recognized by one of the leading rating agencies in the Country. This was only possible because of our well-defined organizational structure of the company, experienced management, highest paid-up capital (above PKR 1.3 billion) in the industry, payment of claims on 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.”