KARACHI, Oct 31: Pakistan received a singular honour when the first shareholders meeting of Islamic International Rating Agency (IIRA), held at Bahrain on October 29, where a Pakistani JCR-VIS Credit Rating Co. Ltd. was elected to the Board of Directors.

According to a press release, here on Thursday, IIRA meeting was presided over by President Islamic Development Bank Dr Ahmed Mohammad Ali and was attended by 10 founder members including President and CEO of JCR-VIS Faheem Ahmed.

The meeting elected eight institutions as board members from Malaysia, Bahrain, Turkey and Islamic Development Bank.

The executive vice president of JCR-VIS, Jamal Abbas Zaidi, was nominated to represent the company on the Board of IIRA.

—APP