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 a net consolidated surplus of PKR 54.8 Million for the year 2021.
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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 the 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 Pandemic on the impressive results of the Group.