Pak-Qatar General Takaful Limited announces Financial Results for 2023

Pak-Qatar General Takaful Limited (PQGTL or the Company), a leading provider of Shariah-compliant general Takaful solutions in Pakistan has announced its financial results for the year ended December 31, 2023. PQGTL is part of Pak-Qatar Group, Pakistan’s premier and pioneer Islamic financial conglomerate. PQGTL is rated ‘A+’ (Single A Plus) having a Stable Outlook by Pakistan Credit Rating Agency (PACRA) and ‘A’ (Single A) having a Stable Outlook by VIS Credit Rating Company Limited.

The Board meeting presided over by Sheikh Ali bin Abdullah bin Thani al-Thani, the Chairman of Pak-Qatar Group, discussed the financial results of the company for 2023 and its plans for 2024, in the meeting held in Doha, Qatar. It was attended by the Directors – M/s. Said Gul, Abdul Basit Ahmad al-Shaibei, Ali Ibrahim Al Abdul Ghani, Zahid Hussain Awan and Muhammad Kamran Saleem. Saqib Zeeshan, Deputy CEO of the Company also attended the meeting

Overview of Financial Performance:

During 2023, Pak-Qatar General Takaful Limited achieved a turnover of PKR 1.26 Billion. Shareholders Fund posted a net profit after tax of PKR 101.2 million with an EPS of PKR 1.99 per share despite all challenges; while the Participants’ Takaful Fund (Waqf Fund) generated an annual surplus of PKR 40.57 million. The Company has increased its net equity & break-up value per share through impressive gro

Comments

ACCA gathers business leaders in Faisalabad to enhance accountants' role in boosting Pakistan's economic development

ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Faisalabad today on the theme ‘Being Bold: Shaping a Sustainable Future in Uncertain Times’ featuring the country’s top business and thought leaders and policymakers. This ground-breaking event brought together thought leaders, experts, and professionals from diverse sectors to discuss and deliberate on crucial topics surrounding Sustainability, Ethics, Leadership, Future-Ready Talent, and Digital Transformation. . The conference was attended by many prominent names in the corporate sector, as well as leading policymakers and members of the provincial cabinet. Prominent s...

ACCA gathers business leaders in Multan to enhance accountants role in boosting Pakistan's economic development

ACCA (the Association of Chartered Certified Accountants) hosted a large-scale corporate conference here in Multan today on the theme ‘Being Bold: Shaping a Sustainable Future in Uncertain Times’ featuring country’s top business and thought leaders and policy makers. This groundbreaking event brought together thought leaders, experts, and professionals from diverse sectors to discuss and deliberate on crucial topics surrounding Sustainability, Ethics, Leadership, Future-Ready Talent, and Digital Transformation. . The conference was attended by many prominent names in the corporate sector, as well as leading policy makers and the members of the provincial cabinet. Promine...

Tech Meets Trend: Infinix GT 20 Pro, the Gamer's Fashion Statement

In a world where technology influences every aspect of our lives, it's no surprise that our smartphones are becoming expressions of our style. The functionality of mobile devices has expanded beyond simple communication, evolving into valued extensions that reflect our unique personalities. Going back to the early 2000s, that was the time of the iconic Nokia 3310, with its indestructible build, spoke volumes about the user's practicality and resilience. It was the go-to phone for those who valued reliability above all else, a phone that could endure the hustle and bustle of everyday life. Conversely, the sleek and stylish Motorola RAZR V3 spoke to a more fashion-conscious crowd. Its ultra-thin design and satisfying snap closure made a bold statement, reflecting the user's desire to stand out. Then the r...

Tech UP

Search This Blog