Insurance

The investment forum in Pakistan opens to invest with an invitation to cancel the insurance of the wealth of the unexploited resources – Trendy Blogger

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The investment forum in Pakistan opens to invest with an invitation to cancel the insurance of the wealth of the unexploited resources – Trendy Blogger

Islamabad: The Pakistan Forum for Investment in Minerals opened 2025 on Tuesday at the Genah Convention Center in Islamabad, which represents a great effort by the government to attract foreign direct investment (FDI) in the country’s mineral and mining sector. The two -day forum was opened by Deputy Prime Minister Isaac Dar, who said in … Read more

The Topline Securities report on the unimportant insurance sector in Pakistan says 35 % of profit in 2024. – Trendy Blogger

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The Topline Securities report on the unimportant insurance sector in Pakistan says 35 % of profit in 2024. – Trendy Blogger

April 7, 2025: The public insurance sector in Pakistan (non -life) recorded a remarkable increase by 35 % on an annual basis (YO) in profits during the year 2024, reaching 17.4 billion rupees. This growth rate exceeds the five -year compound growth rate (CAGR) of 19 %, according to a report published by Topine Securities. … Read more

In the 2024, the Secretary of Grievances provides the Federal Insurance. – Trendy Blogger

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In the 2024, the Secretary of Grievances provides the Federal Insurance. – Trendy Blogger

Mumtaz Ali Shah’s Secretary of Grievances for the Federal Insurance (FIO) Mumtaz Ali Shah presented the annual report of the Foundation for the year 2024 to President Asif Ali Zardari at AIWAN-E-SADR on Friday. The President of FIO reported that the organization had resolved 5,827 complaints, as it submitted 2.32 billion rupees of financial relief … Read more

The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

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The SECP Appellate Body rejects the appeals of United Insurance and SPI Insurance – Trendy Blogger

The Appellate Body of the Securities and Exchange Commission of Pakistan (SECP) has dismissed the appeals filed by United Insurance Pakistan Limited and SPI Insurance Limited, which have now been fully merged into United Insurance. The appeals challenged the SEC’s guidance regarding the collection of insurance security and the subsequent penalty for noncompliance. The first … Read more

The PICIC insurance merger has been stalled due to lengthy legal proceedings – Trendy Blogger

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The PICIC insurance merger has been stalled due to lengthy legal proceedings – Trendy Blogger

PICIC Insurance Limited (PSX: PIL) has announced significant delays in its merger with Crescent Star Foods (Pvt.) Limited (CSF), citing pending approvals from the Sindh High Court and the Securities and Exchange Commission of Pakistan (SECP). According to a progress report filed with the PSX, the PIL merger process, which began in 2017, remains unresolved … Read more

SECP discontinues the escrow business of Crescent Star Insurance – Trendy Blogger

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SECP discontinues the escrow business of Crescent Star Insurance – Trendy Blogger

The Securities and Exchange Commission of Pakistan (SECP) has directed Crescent Star Insurance Limited (Crescent Star) to discontinue its guarantee business under Section 60 of the Insurance Act, 2000. The decision comes after the company issued guarantees worth Rs. 229 billion without obtaining the required guarantees or proper reinsurance arrangements. According to the details, to … Read more