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

Post a Comment

Popular posts from this blog

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

Image
      TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast.   The star-studded and narrative-centric anthem features Zalmi
Read more

ACCA Pakistan converges thought leaders at “Pakistan Leadership Conversation 2024” to discuss key drivers for a Sustainable Growth for Pakistan

Image
                                                        ACCA Pakistan Leadership Conference 2024: Shaping a Bold Future for Pakistan   The Association of Chartered Certified Accountants (ACCA), successfully hosted its Pakistan Leadership Conference 2024 in Lahore, Karachi, and Islamabad. Themed "Being Bold: Managing Multiple Priorities – Climate, Talent, and Tech," the conference gathered industry leaders, government officials, and finance professionals to address today's dynamic business world.   ACCA Director - Asia Pacific, Mr. Pulkit Abrol, graced all the event as a keynote speaker Addressing the attendees, Mr Abrol highlighted the critical role of accountants in today's dynamic and transformative world, as they are more than fiscal guardians; they are economic innovators. He also said “At ACCA, we're spearheading initiatives in Pakistan to nurture accounting professionals who are tech-savvy, environmentally conscious, and adept at navigating the global busine
Read more

Economic confidence among finance professionals edges higher globally despite big fall in North America

Image
                                                    The latest ACCA (the Association of Chartered Certified Accountants) and IMA ®  (Institute of Management Accountants)  Global Economic Conditions Survey (GECS) suggests that confidence among accountants and finance professionals edged slightly higher in Q2 2024 and is just above its historical average.  For chief financial officers (CFOs), all the key global indicators rose, with sharp gains evident in the New Orders and Capital Expenditure indices.   There were some notable regional differences . Western Europe-based accountants reported another decent increase in confidence as the euro area and UK economies continue to stage recoveries. Even Asia Pacific saw a small rise off the back of a huge gain previously, and the New Orders Index increased strongly. The region is benefitting from improvements in the global economy, including in the manufacturing sector and the upward moving technology cycle. However, North America’s financial p
Read more