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Karachi, February 10, 2026: Pak Qatar General Takaful Limited (PQGTL), Pakistan’s first dedicated non-life takaful company, has formally joined the Pakistan Stock Exchange (PSX) following its historic and record-breaking Initial Public Offering (IPO), marking a major milestone in the company’s corporate journey. The listing was celebrated with a traditional gong ceremony at the PSX trading hall.
A subsidiary of Pak Qatar Group, Pak Qatar General Takaful Limited successfully completed its listing as the country’s first standalone non-life takaful operator, a development being hailed as a landmark achievement for Pakistan’s capital market and the Islamic finance sector.
The company’s IPO received an overwhelming response from investors, setting multiple new records. During the book-building phase, demand stood at 21 times the offered shares, while the public offering was oversubscribed by 9.6 times. A total of 13,013 applications were received, the highest number ever recorded for an IPO in Pakistan. Notably, for the first time in Pakistan’s IPO history, the public share allocation was increased from 25 percent to 30 percent, allowing greater investor participation.
Commenting on the occasion, Pak Qatar General Takaful Limited’s Chief Executive Officer, Mr. Saqib Zeeshan, expressed gratitude for the strong investor confidence shown in the company. He said the historic listing and record-breaking IPO reflect stakeholders’ trust in PQGTL’s Shariah-compliant business model, robust governance framework, and long-term vision for the growth of Islamic finance in Pakistan. He reaffirmed the company’s commitment to delivering sustainable, innovative, and ethical financial solutions.
Arif Habib Limited acted as the lead arranger for the IPO, overseeing all stages of the offering and ensuring its successful completion. Speaking at the event, Arif Habib Limited’s Chief Executive Officer, Mr. Shahid Ali Habib, said the IPO attracted strong demand, with total bids amounting to Rs4.74 billion and achieving a premium of up to 40 percent. He noted that the exceptional response demonstrates investor confidence in the company’s fundamentals, governance standards, and long-term growth prospects.
Pakistan Stock Exchange’s Managing Director and Chief Executive Officer, Mr. Farrukh H. Sabzwari, termed the listing a historic moment for the country’s capital market. He highlighted that PQGTL’s listing coincided with the launch of the T+1 settlement cycle, reflecting progress and innovation in PSX’s market infrastructure. He added that Pak Qatar General Takaful is the first Shariah-compliant non-life insurance company to be listed on PSX, expanding the range of Islamic financial instruments and setting new benchmarks for transparency and governance.
The ceremony was attended by members of the Pak Qatar Group’s Board of Directors and senior management, along with representatives from the Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange, Arif Habib Limited, National Clearing Company of Pakistan Limited (NCCPL), Central Depository Company (CDC), and other key market stakeholders.
The successful listing of Pak Qatar General Takaful Limited on the Pakistan Stock Exchange not only opens new Shariah-compliant investment opportunities for investors but also strengthens transparency, scale, and market confidence within the general takaful sector. The company plans to utilize the proceeds from the IPO to drive product innovation, expand outreach, strengthen digital capabilities, and play a meaningful role in the continued growth of Pakistan’s Islamic finance industry.
