CM Punjab rewards Pakistani Olympic gold medalist Arshad Nadeem with car, Rs100 million

Punjab Chief Minister Maryam Nawaz Sharif (right) meets Olympic gold medalist Arshad Nadeem in his hometown, Mian Channu, Pakistan on August 13, 2024. (@pmln_org/X)
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Updated 13 August 2024
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CM Punjab rewards Pakistani Olympic gold medalist Arshad Nadeem with car, Rs100 million

  • Maryam Nawaz visits Nadeem’s home in Mian Channu city to pay tribute to Pakistan’s star javelin thrower
  • Nadeem bagged Olympic gold medal, Pakistan’s first in 40 years, last Thursday with a record 92.97-meter throw

ISLAMABAD: Punjab Chief Minister Maryam Nawaz Sharif presented a cheque of Rs100 million [$359,049] and gifted a car to Olympic gold medalist Arshad Nadeem on Tuesday, paying tribute to his recent triumph at the prestigious international competition. 

Nadeem grabbed headlines last Thursday when he bagged Pakistan’s first individual gold medal in the men’s javelin throw competition during the Paris Olympics 2024. He threw the javelin at a distance of 92.97 meters, a new Olympic record to knock former Olympic champion Neeraj Chopra to second position. 

Following Nadeem’s triumph at the Olympics, Pakistani politicians announced cash rewards and honors for the star javelin thrower. Karachi Mayor Murtaza Wahab announced a Rs50,000,000 [$179,524] cash award for Nadeem and promised to establish an athletics academy named after the Olympian.

Pakistan President Asif Ali Zardari on Saturday announced he would award the country’s highest civilian honor, the Hilal-e-Imtiaz, to Nadeem in a special ceremony.

Chief Minister Sharif arrived at Nadeem’s home in the eastern city of Mian Channu in Khanewal district, where she was accorded a warm welcome. Sharif met Nadeem’s family members at his house and clicked selfies with them. 

“Punjab Chief Minister Maryam Nawaz Sharif presented a cheque of Rs100 million and the key to a Honda Civic car “92.97” to Nadeem,” the ruling Pakistan Muslim League-Nawaz (PML-N) party, of whom Sharif is a senior member, wrote on social media platform X. 




The picture posted on the PML-N X account shows a number plate reading “92.97” of a Honda Civic car gifted by Punjab Chief Minister Maryam Nawaz Sharif to Olympic gold medalist Arshad Nadeem in Mian Channu, Pakistan, on August 13, 2024. (@pmln_org/X).

The chief minister also presented Nadeem’s coach Salman Iqbal Butt a cheque of Rs5 million [$17,952] and lauded him for training the Pakistani star javelin thrower.

Nadeem is the son of a daily wage laborer who never had access to proper training facilities. His brother told international wire agency Reuters that he and Nadeem initially trained with improvised homemade javelins made by using long eucalyptus branches with iron tips on their ends. 

The star athlete was still training with substandard javelins months before the Paris Olympics until a last-minute appeal saw the Pakistani government intervene to sponsor his equipment. 

Nadeem is a 10-time international medalist who secured fifth position at the 2020 Tokyo Olympics. The Pakistani star athlete won silver at the World Championships last year and gold at the Commonwealth Games in 2022, where he broke the 90-meter barrier for the first time with a 90.18-meter throw. 


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.