Trends - Takaful - Business Recorder

Takaful

Talent pool growth: Pak-Qatar Group partners with ILMA University

KARACHI: Pak-Qatar Group (PQG) has signed a Memorandum of Understanding (MoU) with ILMA University to address the...

Published 26 Nov, 2024 05:49am

Business & Finance

SECP roundtable on ‘Insured Pakistan through promoting Takaful’

KARACHI: The SECP organized a roundtable discussion to support its ‘Insured Pakistan 5-year strategic plan’ by...

Published 14 Aug, 2024 06:40am

Requirements for life insurance products: SECP issues new directives to insurance cos, family Takaful operators

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued a new directive to all insurance...

Updated 03 Mar, 2024 12:09pm

Business & Finance

SECP bets on takaful to increase insurance penetration in Pakistan

Commission aims to raise insurance penetration rate in Pakistan from 0.87% to 1.5% of GDP

Published 12 Dec, 2023 10:08pm

Business & Finance

6th Annual IIAL Conference: ‘Flourishing Takaful segment generated total Rs62bn revenue in 2023’

ISLAMABAD: The flourishing Takaful segment in Pakistan has generated total revenue of Rs62 billion in 2023,...

Published 09 Dec, 2023 05:46am

Business & Finance

Takaful, DD partner to provide coverage to smallholder farmers

LAHORE: In a bid to advance the cause of financial inclusion, a noteworthy partnership has been forged between ...

Published 02 Sep, 2023 06:30am

Supplements

ESG – an important element of Salaam Takaful’s DNA

TEXT: Environmental, social, and governance (ESG) standards and their implementation – often referred to simply as...

Published 03 Jan, 2023 03:25am

Supplements

Surplus Distribution to Policyholders – A hallmark of

TEXT: Islamic Insurance initiated by Salaam Takaful in Pakistan Takaful and conventional insurance at first glance...

Published 03 Jan, 2023 03:25am

Supplements

Pay As You Drive - The smartest loss protection coverage for your car

TEXT: At Salaam Takaful Limited, we have always made it a point to provide our participants with more than just...

Published 03 Jan, 2023 03:25am

Supplements

Salaam Takaful: Message from Rizwan Hussain Managing Director &CEO Salaam Takaful Limited

TEXT: Alhamdulillah, another year has passed and by the grace of Almighty, Salaam Takaful again has mounted a new...

Published 03 Jan, 2023 03:25am

Business & Finance

Takaful sector: SECP planning to work with stakeholders for launching Taktech

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) is planning to work with stakeholders for...

Published 25 May, 2022 04:40am

Markets

Pak-Qatar General Takaful given A+ rating

KARACHI: PACRA, a renowned credit rating company, has harmonised the Insurer Financial Strength rating of Pak-Qatar...

Published 19 Apr, 2022 05:32am

BR Research

Selling Takaful

The insurance (and takaful) penetration is very low in Pakistan. This is attributable to various reasons, ranging...

Published 24 Mar, 2022 09:27am

Opinion

Travel insurance is really worth buying?

Travel insurance gets negative criticism. It’s very confusing as many tourists see it as a money sucking game —...

Published 16 Mar, 2022 05:40am

Supplements

Insurance is the need of time

TEXT: Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a...

Published 11 Feb, 2022 04:31am

Supplements

THE 1ST GENERAL TAKAFUL OPERATOR TO DISTRIBUTE SURPLUS MONEY TO ITS PARTICIPANTS

TEXT: Takaful and conventional insurance at first glance may look similar, in that they both share the objective of...

Published 04 Jan, 2022 06:54am

Business & Finance

Takaful plan for RDA holders: Faysal Bank partners with EFU Life

KARACHI: Faysal Bank and EFU Life Window Takaful Operations further strengthened their partnership by launching EFU...

Published 30 Dec, 2021 04:40am

Pakistan

Pak-Qatar General Takaful, PakWheels.com ink MoU

KARACHI: Pak-Qatar General Takaful recently signed MoU with PakWheels.com (Pakistan's #1 automotive portal) recently...

Published 07 Sep, 2021 06:25am

Business & Finance

Shariah-compliant consulting services: Meezan Bank signs agreement with EXIM Bank of Pakistan

KARACHI: Meezan Bank has recently signed an agreement with Export-Import (EXIM) Bank of Pakistan to act as its...

Published 05 May, 2021 04:01am

Business & Finance

EFU General’s dividend disbursed in two working days after approval

KARACHI: At the Annual General Meeting of EFU held on March 31, 2021, the shareholders approved the annual financial...

Updated 07 Apr, 2021 09:50am

Pakistan

Insurance/reinsurance/Takaful entities: SECP issues list of 25 auditors for statutory audit

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued approved list of 25 auditors for the...

Updated 17 Feb, 2021 09:41am

Business & Finance

Pak-Qatar Family Takaful Ltd opens new branch

KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) on Tuesday opened its new branch in Gulshan-e-Jamal, Karachi. The...

Published 27 Jan, 2021 04:59am

Pakistan

Pak-Qatar General Takaful join hands with HashMove; offers online Takaful coverage for cargo

This is the first time a Takaful Insurance company provides the digital coverage to the logistics businesses allowing them to conduct their export and import with full coverage. The companies aim to achieve at target of issuing at least 1000+ coverage / year to begin with.

Updated 16 Nov, 2020 04:22pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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