Pak-Qatar General Takaful Limited (PQGTL) has been assigned an initial Insurer Financial Strength (IFS) rating of BBB+ (Triple B Plus) by JCR-VIS Credit Rating Co Ltd with a positive outlook.The rating incorporates strong sponsor support from Qatar-based financial institutions having sound credentials, said a JCR-VIS press release Friday. The rating takes into consideration the focus of the company on establishing a strong control environment, development of manuals and standard operating procedures (SOPs) and implementation of MIS, which has been deployed and tested in International Islamic Financial Institutions.
--Daily Times
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