Ambassador Al-Malki discusses Saudi-Pak relations with Punjab leaders 

Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki discusses Pak-Saudi ties in a meeting with Chief Minister Usman Buzdar in Lahore on August 14, 2020. (Photo courtesy DGPR Punjab) 
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Updated 15 August 2020
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Ambassador Al-Malki discusses Saudi-Pak relations with Punjab leaders 

  • The Saudi envoy said the kingdom had never abandoned Pakistan and would continue to support it in the future
  • Punjab Governor Chaudhry Sarwar applauded Saudi government’s cooperation in Pakistan’s development, calling it 'commendable'

ISLAMABAD: Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki said on Saturday that the kingdom had always stood by the South Asian nation and would never abandon it during its time of need. 

“We have not left Pakistan before and we will never leave it in difficult circumstances in the future as well,” he said during a meeting with Governor Punjab Chaudhry Muhammad Sarwar in Lahore. 

The visit of the Saudi envoy to Pakistan’s most densely populated Punjab province coincided with the South Asian nation’s 74th Independence Day during which he held separate meetings with several high-profile individuals in Lahore. 

Apart from the province’s governor, these people included Chief Minister Usman Buzdar, Punjab Assembly Speaker Pervaiz Elahi and leaders of various religious parties. 




Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki meets Punjab Governor Chaudhry Muhammad Sarwar in Lahore on August 15, 2020. (Photo courtesy DGPR Punjab)

During these meetings, the participants discussed matters of mutual interests including different ways of promoting bilateral relations and cooperation between the two countries. 

Al-Malki congratulated the provincial leadership on the occasion of Pakistan’s independence anniversary and expressed well wishes for the Pakistani nation. 

“Pakistan and Saudi Arabia are like two brothers,” a statement released by the governor’s office quoted Al-Malki. “We consider Pakistan our home and will continue to play our role for its development.” 

The Saudi envoy said that Umrah pilgrims would soon be allowed to visit Saudi Arabia with all the necessary precautionary measures to prevent the spread of COVID-19. He also reminded his interlocutors that the kingdom had successfully managed Hajj this year by prudently limiting the number of pilgrims and implementing stringent precautionary measures. 

Governor Sarwar said the ideal relations between the two countries were a source of pride for 220 million Pakistanis.

“Islamabad gives importance to its ties with Riyadh,” he added. “The cooperation of the Saudi government in the development of Pakistan is commendable.”

A handout issued on Friday after the meeting between the ambassador and Punjab chief minister said that the two discussed Pak-Saudi relations and investment opportunities in Punjab.

Buzdar said his administration wanted to “develop a new Lahore to keep the environment of the city clean,” adding that the Punjab government would provide maximum facilities to investors from Saudi Arabia under its one window operation.

He continued that special economic zones (SEZs) were being established in the province and development work on Bahawalpur’s SEZ would soon begin.

The chief minister informed the economic zones would offer special incentives to foreign investors.

In another meeting, the Saudi ambassador also called on Punjab Assembly Speaker Chaudhry Pervaiz Elahi and Pakistan Muslim League-Quaid leader Chaudhry Shujaat Hussain.

Elahi told the Saudi envoy that the bilateral ties between the two countries had been further strengthened under the country’s new political administration, while Hussain said that they both enjoyed brotherly relations and no power could undo their strong bond.


Pakistan launches digital tools to trace life insurance claims, tighten motor insurance enforcement

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Pakistan launches digital tools to trace life insurance claims, tighten motor insurance enforcement

  • SECP rolls out SMS-based Life Insurance Policy Finder, orders insurers to join Motor Insurance Repository
  • The regulator says centralized data will help authorities verify coverage, reduce long-unclaimed benefits

KARACHI: Pakistan’s securities regulator on Monday announced two digital initiatives aimed at overhauling how insurance data is stored and accessed, in a push to strengthen enforcement, improve transparency and make it easier for citizens to trace insurance coverage.

The Securities and Exchange Commission of Pakistan (SECP) announced in two separate statements it had introduced a nationwide Life Insurance Policy Finder to help families identify policies held by deceased relatives. It also directed all non-life insurers to join a centralized Motor Insurance Repository (MIR).

Both systems, developed with the Central Depository Company (CDC), seek to address longstanding gaps in a sector where weak records, low compliance and limited data-sharing have left motorists, policyholders and beneficiaries without reliable recourse.

“The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Central Depository Company of Pakistan Limited (CDC) and the Insurance Association of Pakistan (IAP), has introduced the Life Insurance Policy Finder Service,” it said in one of the statements. “This initiative is designed to facilitate the general public in locating life insurance policies of deceased loved ones.”

“The service addresses a long-standing challenge faced by families who remain unaware of life insurance policies held by their deceased relatives,” it added. “This lack of awareness often results in legitimate claims and benefits remaining unclaimed for years.”

The SECP said the initiative aims to strengthen consumer protection, promote transparency and provide structured and secure access to insurance benefits for rightful heirs and beneficiaries.

Under the new policy-finder service, which goes live on Dec. 15, individuals can send the CNIC number of the deceased via SMS to 99833.

If a policy exists, the relevant insurer will contact the beneficiary to verify details and guide them through the claims process. Life insurers and family takaful operators have also been instructed to participate fully and respond to queries within set turnaround times.

Separately, on the motor insurance side, all non-life insurers underwriting vehicle policies are required to sign a service-level agreement with the CDC within 60 days and begin uploading complete and validated policy data to the MIR.

The repository will allow provincial and federal authorities to verify third-party insurance coverage, a requirement that exists on paper but remains loosely enforced nationwide.

The SECP said the measures form part of its broader effort to promote digital transformation, improve compliance and safeguard consumer interest.

“A centralized and validated data repository will allow authorities to verify insurance coverage efficiently, addressing significant gaps in compliance,” it added.