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insurance companies

CFOs of insurance companies: SECP revises eligibility criteria

Under the new criteria, Fellow or Associate member of the Casualty Actuarial Society or the Institute of Actuaries in England or Society of Actuaries in the United States of America with at least 5 years of managerial experience shall also be eligible

Updated 03 Nov, 2024 10:40pm

Insurance cos: SECP hikes minimum required amount of paid-up capital

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has increased the minimum required amount of...

Updated 16 Oct, 2024 09:25am

Business & Finance

Insurance companies: SECP proposes increase in minimum paid-up capital requirement

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed to increase the minimum paid-up...

Published 11 Oct, 2024 06:30am

FBR reconstitutes SSTR committee

ISLAMABAD: The Federal Board of Revenue (FBR) has reconstituted Single Sales Tax Return (SSTR) Committee for filing...

Updated 28 Sep, 2024 08:55am

Pakistan

President directs two firms to pay death insurance claims

ISLAMABAD: President Dr Arif Alvi has directed two private insurance companies to pay the death insurance claims of...

Published 17 Feb, 2024 05:51am

Business & Finance

Reforms in insurance industry discussed

ISLAMABAD: Gohar Ejaz, caretaker Minister for Commerce, Industry, Investment and Interior participated in a meeting...

Published 26 Jan, 2024 04:58am

Supplements

Issuance of Subordinated Debt Securities by Insurance Companies and Treatment for Solvency Purposes

Introduction: This concept paper revolves around the issuance of subordinated debt by insurance companies and...

Published 14 Dec, 2023 05:24am

Pakistan

‘Some insurance firms are not translating policy documents into Urdu’

LAHORE: Some insurance companies are not complying with the condition of translating the policy documents in Urdu...

Published 15 Nov, 2023 06:09am

Business & Finance

Insurance sector: SECP drafts five-year strategic plan

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has drafted a five-year strategic plan for...

Published 15 Nov, 2023 06:09am

Business & Finance

SECP proposes insurance cos issuing subordinated debt

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed the issuance of subordinated debt...

Published 09 Nov, 2023 05:38am

Pakistan

Practices of mis-selling in insurance industry: President asks FIO to insulate buyers

ISLAMABAD: President Dr Arif Alvi has asked the Federal Insurance Ombudsman (FIO) to ensure that insurance companies...

Published 04 Nov, 2023 06:00am

Business & Finance

Insurance policyholders: Liquidity damages now payable only during a certain period of time

LAHORE: Policyholders are entitled only to receive the liquidated damages from the date of filing the claim till the...

Published 24 Oct, 2023 05:05am

Business & Finance

Majority of insurance policy holders exploit liquidated damages facility?

LAHORE: Majority of insurance policy holders try to exploit the facility of liquidated damages after receiving the...

Published 12 Oct, 2023 05:57am

Pakistan

‘Some Insurance Cos repudiating Marine Cargo Policy claims’

LAHORE: Some insurance companies are found repudiating Marine Cargo Policy claims while challenging jurisdiction of...

Published 27 Aug, 2023 03:05am

Pakistan

Some insurance companies refuting claims

LAHORE: Some insurance companies are refuting insurance claims on the pretext that the insured had made fraudulent...

Published 17 Aug, 2023 03:49am

Business & Finance

Insurance cos accused of denying death claims on ‘flimsy’ pretext

LAHORE: The insurance companies are involved in denying death claims on the pretext that the policy was obtained...

Published 15 Jul, 2023 06:08am

Pakistan

Insurance disputes: Number of appeals against FIO orders drops to zero: Ombudsman

LAHORE: The number of appeals against Federal Insurance Ombudsman (FIO) orders on insurance disputes has dropped to...

Published 15 Jun, 2023 06:03am

Business & Finance

Premature claims: Some insurance cos accused of denying valuable right

LAHORE: Not all, but some insurance companies are found condemning insurance policyholders unheard and denying their...

Published 09 Jun, 2023 06:20am

Business & Finance

Insurance ombudsman finalises arrangements for national conference

KARACHI: Federal Insurance Ombudsman Dr Muhammad Khawar Jameel has finalised the arrangements for the annual two-day...

Published 19 Jan, 2023 07:13am

Pakistan

Insurance firms urged to reduce health card charges

KARACHI: In the issuance of Health Cards which is an important component of ‘Health Support Services,’ the...

Published 14 Nov, 2022 05:55am

Business & Finance

Order issued by insurance ombudsman: List of companies not settling claims in timely manner to be drawn up

KARACHI: Federal Insurance Ombudsman Dr Khawar Jameel chaired a meeting recently during which problems faced by...

Published 07 Nov, 2022 05:48am

Securities deals: Insurance cos to unveil policy to check ‘insider trading’

ISLAMABAD: Every insurance company will issue an employees trading policy governing trading or investment in...

Updated 07 Aug, 2022 09:38am

Business & Finance

Insurance companies: SECP issues criteria for CEOs appointment

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has directed the insurance companies to appoint...

Published 25 Jul, 2022 06:12am

Business & Finance

Open-ended mutual funds, ETFs: SECP allows insurance cos to make investment

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to encourage participation of insurance...

Published 16 Jul, 2022 04:20am

Pakistan

FIO’s office received 3,107 complaints in 2020: Dr Jameel

LAHORE: The office of Federal Insurance Ombudsman (FIO) received 3,107 complaints from policyholders in 2020 against...

Published 03 May, 2022 03:47am

Under LEAs investigation: No CE or director of insurance co to be appointed sans affidavit: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) will not appoint chief executive or principal...

Updated 06 Mar, 2022 10:20am

Insurance companies: SECP decides to impose new conditions

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to impose new conditions on the...

Updated 05 Mar, 2022 10:00am

Business & Finance

Insurance companies: FIO witnesses 25pc rise in complaints

LAHORE: The office of Federal Insurance Ombudsman (FIO) has witnessed an increase of 25 percent in registration of...

Published 11 Feb, 2022 04:31am

Pakistan

SECP issues master circular for regulation of insurance sector

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday, issued a master circular, for...

Published 13 Jan, 2022 07:17am

Performance info: SECP directs insurance cos to submit annual statements

There is no mechanism for regular submission, consolidation and disclosure of insurance industry performance information

Updated 14 Nov, 2021 09:30am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Shaheen Ins. / Dec 18 Shaheen Insurance Company Limited(SHNI)	6.81 ▲ 0.72 (11.82%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Cresent Jute / Dec 18 Crescent Jute Products Limited(CJPL)	5.24 ▲ 0.48 (10.08%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Tri-Star Power / Dec 18 Tri-Star Power Limited(TSPL)	5.92 ▲ 0.54 (10.04%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)

Stock	Price
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
Chakwal Spinning / Dec 18 Chakwal Spinning Mills Limited(CWSM)	48.35 ▼ -5.37 (-10.00%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.12 ▼ -3.23 (-9.98%)
National Silk / Dec 18 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Hafiz Ltd. / Dec 18 Hafiz Limited(HAFL)	199 ▼ -20.05 (-9.15%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	735.88 ▼ -73.88 (-9.12%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	51 ▼ -4.95 (-8.85%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.60 ▼ -2.53 (-8.69%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.04
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 1.09
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.08
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▲ 0.27
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▲ 0.82
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 2.22
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.44
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▲ 1.38
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▲ 0.03

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