PACRA Withdraws Entity Ratings of Providus Capital (Pvt.) Limited
Subsequent to the decision of the management of Providus Capital (Pvt.) Limited, PACRA withdraws the Entity Ratings with immediate effect.
The Company is owned by Mr. Muhammad Jawaid Iqbal (CEO) and by his spouse (50% each). The Company is primarily engaged in the business of capital investments, in particular equity market and other investments. The CEO, a CFA charter holder, possess vast experience in investment management and served as one of the key personnel in the establishment of ABL Asset Management Company and remained a board member for six years afterwards. The company has three main departments supervised by a head of department (HOD). All HOD’s are capable individuals with right mix of qualification, skills and experience.