Askari Life Assurance Completes 51% Share Transfer From AWT To Fauji Foundation
Askari Life Assurance Company Limited has completed the transfer of 51% of its issued and paid-up share capital from Army Welfare Trust to Fauji Foundation, with the transaction completed on August 28, 2026.
SECP Approves Transfer of Askari Life Assurance Shareholding to Fauji Foundation
SECP approves the transfer of a 51 percent majority stake in Askari Life Assurance from Army Welfare Trust to Fauji Foundation under Insurance Ordinance guidelines.
Government Quietly Approves Over 50 Tax Exemptions Covering SBP, Fauji Foundation, Army Welfare Trust and More Under Finance Bill 2025-26
Pakistan’s Finance Bill 2025-26 quietly delivers over 50 tax exemptions benefiting state institutions, charitable organizations, and international financial bodies, raising questions on fiscal transparency and long-term economic impact.