Trends - Insurance - Business Recorder

Insurance

War insurance costs to Israel soar after Iranian attacks

LONDON: War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the...

Published 18 Jun, 2025 06:10am

Business & Finance

SECP study outlines strategic roadmap reshaping Takaful sector

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a comprehensive study titled...

Published 05 Jun, 2025 06:08am

Pakistan

Stolen vehicle: Insurance firm declines to pay depreciated value

LAHORE: An insurance company has declined to pay depreciated value of a stolen vehicle. According to details, the...

Published 24 May, 2025 06:21am

Business & Finance

Budget FY26: Insurance industry seeks reforms including removal of double taxation, says IAP chairman

Chairman Insurance Association of Pakistan (IAP) Shoaib Javed Hussain says elimination of overlapping tax jurisdictions between the federal government and provincial authorities will ultimately benefit policyholders

Updated 22 May, 2025 02:53pm

Business & Finance

Insurance Industry: CCP offers strategic recommendations for reform

ISLAMABAD: The Competition Commission of Pakistan (CCP) has strongly recommended to end support to the State-Owned...

Published 18 Apr, 2025 07:29am

Insurance industry: CCP asks FBR to remove ST anomalies

ISLAMABAD: The Competition Commission of Pakistan (CCP) has asked the Federal Board of Revenue (FBR) to remove sales...

Updated 18 Apr, 2025 09:19am

Business & Finance

SECP directs insurance companies to establish ‘Actuarial Function’

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

Published 11 Apr, 2025 05:38am

Business & Finance

Aurangzeb reiterates his support to insurance sector

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb Monday highlighted that the...

Published 11 Mar, 2025 05:35am

Business & Finance

Date of surrender of policy: Insurance Tribunal directs firm to pay premium

LAHORE: An Insurance Tribunal has directed the insurance company to pay premium paid along with liquidated damages...

Published 04 Mar, 2025 08:01am

Aurangzeb highlights increasing risks facing insurance industry

KARACHI: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb has emphasized the increasing risks...

Updated 13 Feb, 2025 09:31am

Business & Finance

InsureImpact Conference begins today

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) is set to host the InsureImpact Conference...

Published 12 Feb, 2025 07:18am

Business & Finance

Insurance policy proceeds fall within definition of ‘tarka’

LAHORE: A higher appellate forum has held that the insurance policy proceeds fall within the definition of “tarka”...

Published 30 Jan, 2025 06:47am

Pakistan

KP govt includes life insurance in Sehat Card Plus scheme

PESHAWAR: KP Chief Minister Ali Amin Khan Gandapur has decided to introduce another revolutionary step towards...

Published 25 Jan, 2025 06:22am

Business & Finance

2025 to be observed as ‘Insurance Awareness Year’

KARACHI: The Federal Insurance Ombudsman, Mumtaz Ali Shah, has announced that the year 2025 will be observed as the...

Published 30 Dec, 2024 07:14am

Business & Finance

Tribunal directs cos to appoint qualified insurance agents

LAHORE: An Insurance Tribunal has directed insurance companies to appoint qualified insurance agents enable to...

Published 29 Dec, 2024 02:48am

Opinion

A call for robust public sector insurance

Pakistan’s general insurance sector lags behind its Asian peers due to several factors, including low financial...

Updated 06 Dec, 2024 08:19am

Pakistan

NA body supports PPP mode for affordable insurance, sustainable relief programmes

ISLAMABAD: The National Assembly Standing Committee has advocated Public Private Partnership (PPP) for affordable...

Updated 30 Nov, 2024 08:28am

Business & Finance

Leading insurance firm to pay Rs0.5m fine for violating ordinance

LAHORE: A leading insurance company was left with no option but to pay a penalty of Rs500,000 imposed by Securities...

Published 05 Nov, 2024 03:30am

Business & Finance

SECP releases Insurance Industry Statistics for year 2023

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) data revealed that the life insurance sector...

Published 26 Oct, 2024 06:45am

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

Conference on ‘Insurance Landscape of Tomorrow’ held

ISLAMABAD: The Pakistan Society of Actuaries (PSoA) Wednesday organized the Conference on “Insurance Landscape of...

Published 26 Sep, 2024 06:48am

Markets

Hacker uses Telegram chatbots to leak data of top Indian insurer Star Health

WASHINGTON/BENGALURU: Stolen customer data including medical reports from India’s biggest health insurer, Star...

Published 20 Sep, 2024 10:25pm

Pakistan

President upholds 9 decisions of FIO

ISLAMABAD: President Asif Ali Zardari on Friday upheld nine decisions of the Federal Insurance Ombudsman (FIO),...

Published 14 Sep, 2024 07:33am

Business & Finance

Transactional insurance: EFU Life & General partners with easypaisa

KARACHI: easypaisa, has partnered with EFU Life, and EFU General, to introduce transactional insurance. The...

Published 30 Aug, 2024 06:07am

Pakistan

Insurance firm wins jurisdictional dispute against ombudsman

LAHORE: An insurance company has secured a victory in jurisdictional dispute against the insurance ombudsman. In a...

Published 08 Aug, 2024 07:38am

Pakistan

Cannot defer reform agenda anymore, says Aurangzeb

Finance minister says state-owned insurance companies should also be handed over to private sector

Updated 01 Aug, 2024 09:34pm

Business & Finance

SECP releases report titled ‘Insured Pakistan: Pools Dynamics’

ISLAMABAD: To meet the objectives of the Insured Pakistan 5-year Strategic Plan, the Securities and Exchange...

Published 01 Aug, 2024 07:21am

Business & Finance

AHL joins SLIC as key distribution partner for insurance solutions

KARACHI: State Life Insurance Corporation of Pakistan (SLIC) and Arif Habib Limited (AHL) have teamed up in a...

Published 04 Jul, 2024 05:47am

Business & Finance

Livestock Insurance: SECP for establishing insurance pools

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has recommended establishing insurance pools or...

Published 08 Jun, 2024 07:00am

Business & Finance

easypaisa partners with IGI Life & IGI General to enhance insurance-based offerings

KARACHI: Telenor Microfinance Bank has signed an agreement with IGI Life and IGI General, laying the foundation for...

Updated 15 May, 2024 10:59am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	283.63
USD PKR Interbank Buying / Jun 18	283.43
USD to Japanese Yen / Jun 18	144.98
USD to Swiss Franc / Jun 18	0.82
Pound Sterling to USD / Jun 18	1.35
Euro to USD / Jun 18	1.15
UK LIBOR % / Jun 17	4.96

Stock	Volume
S&P 500 / Jun 17	5,982.72
Nasdaq / Jun 17	19,521.09
Dow Jones / Jun 17	42,215.80
India Sensex / Jun 18	81,296.14
Tokyo Nikkei / Jun 18	38,885.15
Hang Seng / Jun 18	23,694.84
FTSE 100 / Jun 18	8,846.17
Germany DAX 30 / Jun 18	23,428.07
France CAC40 / Jun 18	7,690.56

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 17	16,785
Gold 10 Grams PKR / Jun 17	309,756
Petrol/Litre / Jun 18	258.43
Crude Oil USD/Barrel / Jun 18	74.83
Gold Spot USD/Ounce / Jun 18	3,381.83
Diesel/Litre / Jun 18	262.59
Cotton US¢/pound / Jun 18	67.70

Gainers
Losers
Leaders

Stock	Price
First Prudential Mod. / Jun 18 First Prudential Modaraba(PMI)	4.87 ▲ 1 (25.84%)
Cresent Jute / Jun 18 Crescent Jute Products Limited(CJPL)	6.40 ▲ 0.83 (14.9%)
Siddiqsons Tin / Jun 18 Siddiqsons Tin Plate Limited(STPL)	6.89 ▲ 0.75 (12.21%)
Service Textile / Jun 18 Service Industries Textiles Limited(SERT)	19.67 ▲ 1.79 (10.01%)
Rupali polyester / Jun 18 Rupali Polyester Limited(RUPL)	20.34 ▲ 1.85 (10.01%)
Haseeb Waqas / Jun 18 Haseeb Waqas Sugar Mills Limited(HWQS)	12.10 ▲ 1.1 (10%)
Kohinoor Mills / Jun 18 Kohinoor Mills Limited(KML)	44.46 ▲ 4.04 (10%)
Leather Up Ltd. / Jun 18 Leather Up Limited(LEUL)	32.23 ▲ 2.93 (10%)
Hinopak Motor / Jun 18 Hinopak Motors Limited(HINO)	451.03 ▲ 41 (10%)
Zahid Jee Textile / Jun 18 Zahidjee Textile Mills Limited(ZAHID)	36.08 ▲ 3.28 (10%)

Stock	Price
Pervez Ahmed Consultancy / Jun 18 Pervez Ahmed Consultancy Services Ltd.(PASL)	3.18 ▼ -0.7 (-18.04%)
Ist.Capital Sec / Jun 18 First Capital Securities Corporation(FCSC)	2.88 ▼ -0.43 (-12.99%)
First IBL Mod. / Jun 18 First IBL Modaraba(FIBLM)	4.21 ▼ -0.62 (-12.84%)
First Treet Manuf / Jun 18 First Treet Manufacturing Modaraba(FTMM)	4.91 ▼ -0.61 (-11.05%)
Tariq Corp.Pref. / Jun 18 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.94 ▼ -0.98 (-10.99%)
Gulistan Sp. / Jun 18 Gulistan Spinning Mills Limited(GUSM)	8.30 ▼ -0.98 (-10.56%)
Sardar Chemical / Jun 18 Sardar Chemical Industries Limited(SARC)	69.39 ▼ -7.71 (-10%)
PIA Holding Co.B / Jun 18 PIA Holding Company Limited B(PIAHCLB)	13,770.20 ▼ -1529.97 (-10%)
Pakgen Power / Jun 18 Pakgen Power Limited(PKGP)	213.65 ▼ -23.74 (-10%)
Baba Farid Sugar / Jun 18 Baba Farid Sugar Mills Limited(BAFS)	55 ▼ -6.01 (-9.85%)

Stock	Volume
WorldCall Telecom / Jun 18 Worldcall Telecom Limited(WTL)	110,698,161 ▼ -0.11
First Prudential Mod. / Jun 18 First Prudential Modaraba(PMI)	51,711,290 ▲ 1
Pervez Ahmed Consultancy / Jun 18 Pervez Ahmed Consultancy Services Ltd.(PASL)	40,869,408 ▼ -0.7
Sui South Gas / Jun 18 Sui Southern Gas Company Limited(SSGC)	35,689,384 ▼ -0.62
TPL Properties / Jun 18 TPL Properties Limited(TPLP)	26,132,805 ▲ 0.34
Ist.Capital Sec / Jun 18 First Capital Securities Corporation(FCSC)	22,498,201 ▼ -0.43
PIA Holding Co.Ltd / Jun 18 PIA Holding Company Limited(PIAHCLA)	19,254,790 ▼ -1.85
Secure Logistics / Jun 18 Secure Logistics Group Limited(SLGL)	18,115,203 ▼ -0.95
First Dawood Prop. / Jun 18 First Dawood Properties Limited(FDPL)	17,153,517 ▲ 0.09
Invest Bank / Jun 18 Invest Capital Investment Bank Limited(ICIBL)	17,046,495 ▼ -0.72

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