Bulls & Bulls

Banks & Other Financial Institution

Bank Alfalah Limited

Bank Alfalah Limited was incorporated on June 21st, 1992 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st, 1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through various branches in Pakistan, Bahrain, Bangladesh & Afghanistan


NAFA is a Non-Banking Finance Company with a license to perform Asset Management Services as per the NBFC Rules, 2003. The main sponsors of NAFA are National Bank of Pakistan, NIB Bank Limited and Alexandra Fund Management Pte. Ltd., (a member of Fullerton Fund Management Group, Singapore, which in-turn is a wholly owned subsidiary of Temasek Holdings, Singapore). NAFA’s main area of business is Investment Management; more specifically floating and managing mutual funds and discretionary management of institutional portfolios.


EFU gave the emerging insurance industry the leadership, the manpower and the drive needed to grow in a situation where at one time, three-fourths of insurance was held by foreign companies. Insurer Financial Strength Rating: AA Stable Outlook (Rating Agency: JCR-VIS). Another unique feature of EFU is a voluntary review mechanism by professionals of international repute. The independent reviews by these professionals enable the company to keep abreast of international changes in the industry as well as ensure that management adopts the best international practices.


EFU Life Assurance is the largest private sector life insurance company in Pakistan with a market share of over 62%. The Company has the highest paid up capital of Rs. 750 million amongst all private sector players including multinational life insurers operating in the country. Managed by a team of professionals with extensive life insurance experience around the world, the Company has established a professional culture unique amongst life insurance business in Pakistan. EFU Life is the first life insurance company in Pakistan to be awarded the ISO 9001:2000 certification, and also the only life insurance company to have an “Insurer Financial Strength” rating which is currently AA-, Outlook: Stable, from JCR-VIS, an affiliate of Japan Credit Rating agency.


Allianz EFU is Pakistan’s First and only specialized Health Insurance Company. It is a joint venture of Pakistan’s largest insurance group, EFU with Allianz SE which is one of the largest composite insurers in the world with presence in over 70 countries worldwide and annual revenue in excess of €102 Billion. Allianz EFU is currently the Largest Health Insurance Company in Pakistan in terms of annual premium income, the number of corporate clients and the number of insured lives.


IGI is a public listed general insurance company (KSE: IGIIL) founded in 1953. Being part of the Packages Group, IGI is the largest insurance company by market capitalization. Headquartered in Karachi, IGI has offices in 7 cities nationwide and offers a wide range of general insurance products including Fire, Motor, Marine, Travel, Health Personal Accident and Home Insurance.

IGI feels pride in having a long term business relationship with leading local and multinational companies.


Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful in Pakistan, is a technology-driven Shari’ah Compliant company providing need-based and cost-effective Takaful solutions in Pakistan.

Incorporated in 2006, and began operations in 2007, the company is registered and supervised by SECP. An independent Shari’ah Supervisory Board chaired by Mufti Muhammad Taqi Usmani certifies all products and operations for Shari’ah compliance. PQFTL is rated ‘A-‘ (having Stable Outlook) by JCR-VIS Credit Rating Co. Ltd.

Pak-Qatar is the first dedicated Takaful Group in Pakistan starting with both Family & General Takaful operations. The company is sponsored by leading financial institutions in the State of Qatar and FWU AG (our BancaTakaful partner). The total paid-up capital of the Pak-Qatar Takaful Group is Rs. 840 million respectively.

We are well-positioned to ensure impeccable client service following heavy investments in procuring state-of-the-art business systems and SAP ERP. We are present in ultiple cities nationwide and are constantly engaged in community-development through Takaful.


AIG Pakistan – New Hampshire Insurance Company (Pakistan Branch) is part of AIU, AIG Inc’s network of general insurance businesses, operating in 130 foreign countries and jurisdictions. The Pakistan Branch of New Hampshire Insurance Company (Pakistan Branch) has been in operation since 1949. New Hampshire has established itself as a leading reliable international insurer with strong financial strength. Our underwriting expertise and discipline have remained at the core of our culture. Our clients include some of the largest names in commerce and industry. Small and medium sized enterprises and individuals equally trust us along with a host of retail customers. Our principal office is in Karachi with branch offices in Lahore, Islamabad, Faisalabad and Sialkot.


New Jubilee Life Insurance Company Limited (NJI Life) is a subsidiary of the Aga Khan Fund for Economic Development (AKFED), Switzerland. It was incorporated in Pakistan on 29 June 1995 as a Public Limited Company under the Companies Ordinance 1984. Its shares are quoted on the Karachi Stock Exchange. The Company started its business on 20 June 1996. Paid Up Capital of the company is Rs. 627 million.

AKFED is active in the fields of Industry, Financial Services, Tourism Development and Infrastructure in South and Central Asia and sub-Saharan Africa.

NJI Life’s Vision is to be the best managed insurance company in Pakistan while its Mission is to assure financial security, create awareness and achieve excellence in all aspects of life insurance business creating value for all the stakeholders. Its Core Values include Ethical and Legal Behavior, Customer Focus, Profitability & Cost Consciousness, Employee Development, Teamwork, Positive Attitude, Continuous Improvement, Innovation, Speed & Responsiveness.

NJI Life enjoys competitive edge over other players in the market with highest ratio of customer loyalty among all life insurance companies, uniquely designed plans for each individual customer, complete range of products for individual and corporate customers and backing of world’s largest reinsurance companies.


Al Meezan Investment Management Limited (AMIM) was incorporated on 27th February 1995. It is registered as a Non Banking Finance Company with a license to perform Asset Management and Investment Advisory Services under the NBFC Rules, 2003. Its main area of business is investment management; more specifically floating and managing both open ended and closed ended funds and discretionary management of institutional portfolios. The company is a joint venture of Meezan Bank Limited and Pak Kuwait Investment Company and is dedicated towards development of an Islamic financial system in the country.


National Bank of Pakistan is one of the largest commercial bank operating in Pakistan. It has redefined its role and has moved from a public sector organization into a modern commercial bank. The Bank’s services are available to individuals, corporate entities and government. While it continues to act as trustee of public funds and as the agent to the State Bank of Pakistan.


Jubilee Life Insurance Company Limited (the Company) was incorporated in Pakistan on June 29, 1995 as a Public Limited Company under the Companies Ordinance, 1984. Its shares are quoted on the Karachi Stock Exchange. The Company started its business on June 20, 1996. The addresses of its Registered and Principal office are 26-D, 3rd floor, Kashmir Plaza, Jinnah Avenue, Blue Area, Islamabad and Jubilee Life Insurance Building, 74/1-A, Lalazar, M. T. Khan Road, Karachi respectively. The Company is engaged in life insurance, carrying on non-participating business. In accordance with the requirements of the Insurance Ordinance, 2000, the Company has established a Shareholders’ fund and following statutory funds in respect of each class of its life insurance business

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