Pak-Qatar Takaful Group posts Rs271mn PBT

News Image

MG News | May 23, 2022 at 04:07 PM GMT+05:00

0:00

May 23, 2022: Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited has reported a profit before tax of Rs271 million for the year ended December 31, 2021, a press release said.

The group reviewed and approved the financial statements of both the companies for the year ended December 31, 2021, during the board meeting held recently.

Pak-Qatar Takaful is Pakistan’s pioneer and largest Takaful Group operating for more than a decade with the largest Takaful branch network nationwide.

Pak-Qatar Takaful Group achieved an aggregate turnover of around Rs11 billion. The group shareholders fund posted a net consolidated profit after tax of Rs207.5 million; while, the participant takaful fund generated a net consolidated surplus of Rs54.8 million for the year 2021.

Profit before tax of Pak-Qatar Family Takaful Limited (PQFTL) increased to Rs225 million as compared to Rs208 million last year, a growth of 8% despite all challenges (economic and political) and the global pandemic caused by COVID-19.

The company has increased its balance sheet footing through impressive growth in its investments and financing portfolio.

Pak-Qatar General Takaful Limited (PQGTL) posted a profit before tax of Rs46 million as compared to Rs17 million last year, a growth of 170%.

Meanwhile, the earnings per share (EPS) of Pak-Qatar Family Takaful Limited was recorded at Rs1.34 while Rs0.64 for Pak-Qatar General Takaful Limited.

The board appreciated the management for their efforts despite the pandemic to the impressive results of the Group.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,270.00 120,695.00
120,165.00
35.00
0.03%
BRENT CRUDE 69.14 71.53
69.02
-1.22
-1.73%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.50 106.60
106.50
-2.20
-2.02%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.99 66.99
66.86
0.01
0.01%
SUGAR #11 WORLD 16.31 16.67
16.27
-0.26
-1.57%

Chart of the Day


Latest News
July 14, 2025 at 05:26 PM GMT+05:00

Gold price in Pakistan rises Rs1,600 per tola


July 14, 2025 at 04:59 PM GMT+05:00

Tax reforms focus on public ease, transparency


July 14, 2025 at 04:23 PM GMT+05:00

PSX Closing Bell: Another One Bites the High


July 14, 2025 at 04:06 PM GMT+05:00

PKR falls 25 paisa per USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg