Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

Officials ring the bell at the Pakistan Stock Exchange (PSX) for Pak-Qatar Family Takaful Limited’s first day of trading in Karachi on December 31, 2025. (PQFTL)
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Updated 01 January 2026
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Pak-Qatar becomes Pakistan’s first dedicated family takaful operator to list on PSX

  • Pak-Qatar Family Takaful Limited’s initial public offering raises $3.2 million, says company
  • Company says remains committed to strengthening Pakistan’s Islamic financial eco-system

KARACHI: The Pak-Qatar Family Takaful Limited (PQFTL) became the first dedicated family Takaful operator to be listed on the Pakistan Stock Exchange (PSX), the company announced on Thursday, saying the development would strengthen the ecosystem for Islamic financial products and services in the stock market. 

PQFTL is the country’s first and largest dedicated shariah-compliant family risk-protection provider, holding 44 percent of the total family takaful market and more than 90 percent of the fully dedicated segment, with a nationwide presence of 73 branches and 1,971 field representatives.

The company announced in a statement last month it would offer 50 million shares, starting at a floor price of Rs14 per share ($0.05), with a ceiling of Rs21 per share ($0.07). Of the total issue, 37.5 million shares will be allocated to institutional investors, while 12.5 million shares will be offered to the general public.

In its latest statement, the PQTFL said the book building and public subscription portions of its Initial Public Offering (IPO) were oversubscribed by 3.2 times and 3.8 times, respectively, reflecting strong investor confidence in the company and Pakistan’s Islamic financial ecosystem.

“The IPO raised Rs901 million [$3.2 million], achieving a 29 percent premium, reflecting strong investor interest and positive market perception,” the statement said. 

“This historic milestone and response from investors underscore PQFTL’s exceptional financial resilience, strategic foresight, and unwavering commitment to Shariah-compliant excellence,” it added. 

The company said over 8,200 investors participated in the IPO, making it one of the highest investor turnouts in Pakistan’s insurance and Takaful sector. 

“The offering attracted a diverse mix of institutional investors, insurance companies, family offices, corporate investors, and a significant number of individual investors,” it said. 

Muhammad Kamran Saleem, a member of the board of directors of the PQFTL, said the company’s listing on the stock exchange was a “historic achievement.”

“The overwhelming response from investors demonstrates deep trust in our business fundamentals, Shariah governance standards and strategic vision,” he said. 

“We are grateful to Allah Almighty for this historic achievement and we remain committed to strengthening the Islamic financial eco-system and long-term sustainable value creation to all our stakeholders.”

PQFTL said the IPO proceeds will help it in meeting regulatory capital requirements, expand digital distribution channels, enhance product innovation and drive customer-centric growth initiatives.


Pakistan urges world to treat water insecurity as global risk, flags India treaty suspension

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Pakistan urges world to treat water insecurity as global risk, flags India treaty suspension

  • Pakistan says it is strengthening water management but national action alone is insufficient
  • India unilaterally suspended Indus Waters Treaty last year, leading to irregular river flows

ISLAMABAD: Pakistan on Tuesday urged the international community to recognize water insecurity as a “systemic global risk,” warning that disruptions in shared river basins threaten food security, livelihoods and regional stability, as it criticized India’s handling of transboundary water flows.

The call comes amid heightened tensions after India’s unilateral decision last year to hold the 1960 Indus Waters Treaty “in abeyance,” a move Islamabad says has undermined predictability in river flows and compounded climate-driven vulnerabilities downstream.

“Across regions, water insecurity has become a systemic risk, affecting food production, energy systems, public health, livelihoods and human security,” Pakistan’s Acting Permanent Representative to the United Nations, Ambassador Usman Jadoon, told a UN policy roundtable on global water stress.

“For Pakistan, this is a lived reality,” he said, describing the country as a climate-vulnerable, lower-riparian state facing floods, droughts, accelerated glacier melt, groundwater depletion and rapid population growth, all of which are placing strain on already stressed water systems.

Jadoon said Pakistan was strengthening water resilience through integrated planning, flood protection, irrigation rehabilitation, groundwater replenishment and ecosystem restoration, including initiatives such as Living Indus and Recharge Pakistan, but warned that domestic measures alone were insufficient.

He noted the Indus River Basin sustains one of the world’s largest contiguous irrigation systems, provides more than 80 percent of Pakistan’s agricultural water needs and supports the livelihoods of over 240 million people.

The Pakistani diplomat said the Indus Waters Treaty had for decades provided a framework for equitable water management, but India’s decision to suspend its operation, followed by unannounced flow disruptions and the withholding of hydrological data, had created an unprecedented challenge for Pakistan’s water security.

Pakistan has said the treaty remains legally binding and does not permit unilateral suspension or modification.

The issue has gained urgency as Pakistan continues to recover from last year’s monsoon floods, which killed more than 1,000 people and devastated farmland in Punjab, the country’s eastern breadbasket, in what officials described as severe riverine flooding.

Last month, Deputy Prime Minister Ishaq Dar said Pakistan had observed abrupt variations in river flows from India, creating uncertainty for farmers in Punjab during critical periods of the agricultural cycle.

“As we move toward the 2026 UN Water Conference, Pakistan believes the process must acknowledge water insecurity as a systemic global risk, place cooperation and respect for international water law at the center of shared water governance, and ensure that commitments translate into real protection for vulnerable downstream communities,” Jadoon said.