Salaam Family Takaful Limited obtains license to operate as first ever digital only Islamic Life Insurance provider
The coveted license was handed over to Rizwan Hussain, MD and CEO of Salaam Family Takaful Limited by Akif Saeed, Chairman, Securities and Exchange Commission of Pakistan (SECP) in the presence of Salaam Family Takaful’s Shariah board, and their endorsement signified that the new organization with its operations and offerings were completely Shariah compliant.
Mehfooz
Healthy lifestyle add years to life: British Medical Journal
Experts concluded that by adopting a healthy lifestyle, genetic disorders can be managed more effectively, potentially extending life expectancy by up to six years. Key lifestyle changes include getting sufficient sleep, regular exercise, eating healthy foods, and avoiding smoking and alcohol.
Easypaisa partners with IGI Life & IGI General to enhance insurance-based offerings
easypaisa, has signed an agreement with IGI Life and IGI General, laying the foundation for digital distribution of various insurance-based products, ensuring provision of ease and convenience to millions of Pakistanis.
Emirates Group Reports Best-Ever Financial Performance for 2023-24
The Emirates Group has announced its best-ever financial performance for the fiscal year 2023-24, reporting a record profit of AED 18.7 billion (US$ 5.1 billion), a 71% increase from the previous year. The Group’s revenue rose by 15% to AED 137.3 billion (US$ 37.4 billion), driven by strong customer demand across its various businesses. The year concluded with the Group holding its highest-ever cash balance of AED 47.1 billion (US$ 12.8 billion) and declaring a dividend of AED 4.0 billion (US$ 1.1 billion) to its owner, the Investment Corporation of Dubai (ICD).
High Commissioner urges business community to have duty free, quota free access to entire Africa via Mauritius
High Commissioner of Mauritius Rasidally Soobadar has urged the business community of Karachi to use Mauritius, which is ranked at 13th position in ease of doing business index, as a hub or gateway to access to 54 countries in the African Market.
Efforts underway to bring Ethiopia’s cargo services to Pakistan: Jemal Abdula
Ambassador of Ethiopia Jemal Beker Abdula, while referring to successful operations of Ethiopian Airlines which has been flying four times a week from Karachi, stated that keeping in view the enhanced people-to-people and business-to-business linkages between the two countries, efforts were being made to further expand flight operations of Ethiopian Airlines to daily basis from Karachi which would certainly be instrumental towards Pakistan’s Look & Engage Africa Policy by connecting Pakistan with over 70 destinations in Africa.
Pak-Qatar Family Takaful achieves Rs.156.3 turnover in 2023
The Pak-Qatar Family Takaful Limited (PQFTL) announcing financial results for year 2023, informed that it achieved a turnover of Rs.16.30 billion while Shareholders Fund has posted Rs.156.30 million net profit after tax.
How ABHI and Soorty Financially Empowered Labor in Pakistan
On the occasion of Labor Day, ABHI and Soorty have released a documentary reflecting on transformative change and showcasing the impact of their collaboration on the lives of workers. From blue-collar workers to C-level executives, individuals from all walks of life have benefited from Earned Wage Access, experiencing financial freedom and security. The partnership, forged in the initial years of ABHI’s inception, has brought significant change to the lives of workers across Pakistan.
Governor SBP briefs foreign investors about Pakistan’s significantly improved macro economic outlook
Governor SBP, Mr. Jameel Ahmad, met key international investors during multiple events organized by leading global banks and financial firms, including JP Morgan, Citibank and Jefferies, on the side lines of the IMF-World Bank Spring Meetings in Washington DC. Governor SBP informed the participants about the substantial improvement in Pakistan’s macroeconomic outlook achieved over the past year as a result of a prudent monetary policy, backed adequately by fiscal consolidation and beginning of the implementation of key structural reforms.
SECP files criminal complaint against two individuals on charges of front-running
Based on an investigation conducted under the Securities Act, 2015, the SECP has filed a criminal complaint against two individuals who were found involved in front-running equity trading by a large institutional investor during the period from October 1, 2021, to December 31, 2021.