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The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of A- (Single A Minus) and a short-term rating of A2 (A Two) to BankIslami Pakistan Limited (BIPL). These ratings denote a low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.
The ratings reflect the management's well-conceived business strategy to become an active player in the seemingly promising Islamic banking segment. In a short span of time, BIPL has established an effective operating platform and is well positioned to execute its overall business plan.-PR
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