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Mettis Global News
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PQAMCL granted asset management, investment advisory service license

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December 08, 2021 (MLN): Pak-Qatar Asset Management Company Ltd (PQAMCL), a newly-incorporated company of the Takaful Group has been granted license by the Securities and Exchange Commission of Pakistan to offer asset management and investment advisory services, sources informed MG News earlier today.

“PQAMCL with its Sharia-compliant investment solutions will be an addition to Pak-Qatar Takaful Group’s portfolio currently providing protection and risk mitigation solutions through Family Takaful and General Takaful (life and non-life islamic insurance) in Pakistan,” the source added further.

There are 20 AMCs operating in Pakistan with Rs891 billion worth of assets under management.

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