KARACHI: Pak-Qatar Takaful Group, which comprises 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 Rs 11 billion. The Group Shareholders Fund posted a net consolidated profit after tax of Rs 207.5 million; while, Participant Takaful Fund generated the net consolidated surplus of Rs 54.8 million for the year 2021.

Profit before tax of Pak-Qatar Family Takaful Limited (PQFTL) increased to Rs 225 million as compared to Rs 208 million last year, a growth of 8.0 percent 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 the profit before tax of Rs 46 million as compared to Rs 17 million last year, a growth of 170 percent.

Earning per share (EPS) of Pak-Qatar Family Takaful Limited was recorded at Rs 1.34 while Re 0.64 for Pak-Qatar General Takaful Limited.

The Board appreciated the management for their efforts despite pandemic on the impressive results of the Group.—PR