PQFTL Opens Book Building for Rs1.1bn IPO as Pakistan’s First Family Takaful Listing
Pak-Qatar Family Takaful Limited has opened book building for its Rs1.1bn IPO, marking Pakistan’s first-ever public offering by a dedicated Family Takaful company and attracting strong institutional interest.
SECP Introduces Standardized Financial Statement Formats for Life and Non-Life Insurers
The Securities and Exchange Commission of Pakistan has rolled out new financial statement formats for life and non-life insurance companies, aligning the sector with IFRS 17 standards and global reporting practices.
Adamjee Insurance to Divest 6.5% Stake in Adamjee Life to Meet PSX Free-Float Rule
Adamjee Insurance announces the sale of a 6.5% stake in its subsidiary Adamjee Life Assurance via off-market transactions to comply with PSX free-float regulations, reducing its ownership from 90% to 83.5%.