Karachi: Pak-Qatar Asset Management Company Limited (PQAMC) has achieved a significant rating upgrade for its Pak-Qatar Income Plan under the Pak Qatar Islamic Income Fund, moving from an A+ to an AA- with a Stable Outlook. This development marks a notable accomplishment for the company, part of the Pak-Qatar Group, in Pakistan's competitive financial sector.

According to a statement by Pak-Qatar Asset Management Company Limited, the upgrade was granted by the Pakistan Credit Rating Agency (PACRA), reflecting PQAMC's strong market position and its commitment to Shariah-compliant investment strategies. The company, rated AM2 with a stable outlook by PACRA, has established itself as a prominent player in the Islamic financial services industry.

"This achievement reflects our commitment to excellence and the trust our investors have placed in us," stated Mr. Farhan Shaukat, Chief Executive Officer of PQAMC. He emphasized that the rating upgrade is a testament to the company's dedication and strategic investment approaches, aiming to deliver value to stakeholders while adhering to Shariah principles.

The rating upgrade underscores PQAMC's strategic vision and its role as a significant player in the financial ecosystem, offering a broad product range that appeals to both institutional and individual investors.