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Friday, November 27 - 2009

Qatar to support Takaful sector in Pakistan

The third annual general meeting of Pak-Qatar Family & General Takaful companies was held in Doha recently.

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Sheikh Ali bin Abdullah Thani J. Al-Thani, Chairman of the Board of PQFTL & PQGTL, praised the performance of the two companies and said that it "braved the crisis".

The future of Takaful in Pakistan looks promising and we will continue to support and provide technical assistance to promote it in the country, he added.

Sheikh Ali said that:

"we believe Pak-Qatar Takaful has the financial strength and expertise to safeguard investments and meet the long-term investment needs of the people in Pakistan. We are rapidly expanding our distribution network in order to achieve our vision of providing financial protection to everyone, through Takaful


he added.

Pak-Qatar Takaful companies have managed to acquire significant corporate business in Pakistan. We are currently present in major Pakistani cities and draw strength from hundreds of committed and experienced personnel in the country."

Amongst other P. Ahmed-CEO PQFTL, M. Vaqaruddin CEO PQGTL, Izzat al-Rashid-MD Qatar Islamic Insurance Company and Abdulbasit al-Shaibei-CEO Qatar International Islamic Bank attended the meeting. The shareholders approved the financial statement of the two companies for year 2008 and further approved the appointment of auditors for the two firms for 2009.
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