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Pak-Qatar Takaful Group Posts PKR 271 Million PBT
Pak-Qatar Takaful Group, which comprises of Pak-Qatar Family Takaful Limited and Pak-Qatar General Takaful Limited, reviewed and approved the financial statements of both the Companies for the year ended December 31, 2021, during the Board meeting 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 PKR 11 Billion. The Group Shareholders Fund posted a net consolidated profit after tax of PKR 207.5 Million; while, Participant Takaful Fund generated the net consolidated surplus of PKR 54.8 Million for the year 2021.
Profit before tax of Pak-Qatar Family Takaful Limited (PQFTL) increased to PKR 225 Million as compared to PKR 208 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 PKR 46 Million as compared to PKR17 Million last year, a growth of 170%.
Earnings per share (EPS) of Pak-Qatar Family Takaful Limited was recorded at PKR 1.34 while PKR 0.64 for Pak-Qatar General Takaful Limited.
The Board appreciated the management for their efforts despite the Pandemic on the impressive results of the Group.
Press has been published in the following dailies;
Business Recorder
https://epaper.brecorder.com/2022/05/20/18-page/930292-news.html
Daily Times
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Pakistan Observer
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Spokesman
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Express
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Nawa-i-Waqt
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92News
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Jehan Pakistan
Nai Baat
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Ummat
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Jasarat
https://www.jasarat.com/2022/05/20/220520-09-5/
Beopar
http://www.dailybeopaar.com/5-20-2022/page4.asp
APP
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News Update Times
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News Curators
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Tech X Pakistan
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The Azb
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Wiki Tech Library
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NBIA News
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Trade Chronicle
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GNN
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The World News
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Hamari Web
https://enews.hamariweb.com/pakistan/pak-qatar-takaful-group-posts-pkr-225-million-pbt/