The Pakistan Credit Rating Agency Limited
03-Jul-26
Analyst
Amna Akmal
amna.akmal@pacra.com
+92-42-35869504
www.pacra.com
Applicable Criteria
Related Research
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PACRA Withdraws Stability Rating of Pak Qatar Asan Munafa Plan under Pak Qatar Islamic Cash Fund
| Rating Type | Stability Rating | |
|
Current (03-Jul-26 ) |
Previous (03-Dec-25 ) |
|
| Action | Withdraw | Maintain |
| Long Term | - | AA(f) |
| Short Term | - | - |
| Outlook | Stable | |
| Rating Watch | - | - |
As per management representation, Pak Qatar Asan Munafa Plan has been matured, subsequently, the management requested to withdraw the rating. Consequently, PACRA withdraws the stability rating of Pak Qatar Asan Munafa Plan, with immediate effect.
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About
the Entity
Pak Qatar Asset Management Company Limited, established in 2021, is licensed by the SECP to undertake asset management and investment advisory services. The major shareholder of the AMC is Pak Qatar Investment (Private) Limited, holding a 76% stake, followed by Pak Qatar Family Takaful Limited with 7%. Additionally, Mr. M. Kamran Saleem, representing Pak Qatar Investment (Private) Limited, holds a 10% stake, and Mr. Zahid Hussain holds 5%. Mr. Said Gul represents Pak Qatar Family Takaful Limited. The AMC’s Board consists of four members, including one representative from Pak Qatar Investment (Private) Limited, one representative from Pak Qatar Family Takaful Limited, and one independent director. The CEO, Mr. Farhan Shaukat, FCA, has been associated with the Pak Qatar Group for over a decade and holds a 1% stake. He previously led the Group’s Treasury Function. As of March 2026, the Company reported AUM size of PKR 75.3 billion.