Islamabad—The Pakistan Credit Rating Agency (PACRA) has maintained the IFS rating of The United Insurance Company of Pakistan Limited (UIC) at “A” (Single A). The rating denotes strong capacity to meet policyholder and contract obligations. Risk factors are moderate, and the impact of any adverse business and economic factors is expected to be small. The rating reflects UIC’s strong risk absorption capacity emanating from a robust...

ISLAMABAD:The United International Group (UIG) has completed acquisition of Network Microfinance Bank (NMB) on Monday and decided to rename it as Apna Microfinance Bank, says a press release.The NMB, previously part of the JS Group, will prove an asset providing an opportunity to support unbanked population, said Mian Shahid, Chairman UIG. The microfinance bank is the latest addition to the companies of United International Group, which...