- Sector
- Finance
- Industry
- Insurance brokers/Services
- Address
- Karachi Pakistan
- IPO Date
- Feb 10, 2026
- Business
- Pak-Qatar General Takaful Limited is a Pakistan-based Islamic non-life insurance provider engaged in underwriting and distributing Shari'ah-compliant general takaful products and risk-management solutions to individual, commercial, and institutional clients. The company operates through multiple core business segments, offering a comprehensive suite of general takaful lines: Motor Takaful, comprising comprehensive auto cover, commercial fleet protection, third-party liability, and specialized automotive dealer schemes; Fire and Property Takaful, including fire and allied perils, property all risks, business interruption, industrial all-risk coverage, Ashiana Takaful, and comprehensive Home Takaful; Marine, Aviation, and Transport Takaful, encompassing marine cargo for import, export, and inland transit, marine hull, and aviation risk coverage; Engineering Takaful, providing contractor's all risks, erection all risks, machinery breakdown, boiler and pressure vessel protection, and electronic equipment takaful; Liability Takaful, including public liability, product liability, comprehensive general liability, employer's liability, directors and officers liability, and professional indemnity; and Miscellaneous and Financial Lines Takaful, featuring cash-in-transit, cash-in-safe, ATM cash withdrawal cover, personal accident, domestic and international travel takaful, plate glass, terrorism protection, fidelity guarantee, and bankers blanket bond schemes.
Incorporated in 2006 and commencing operations in 2007, Pak-Qatar General Takaful Limited is headquartered in Karachi, Pakistan, and maintains an extensive nationwide branch network across major metropolitan and commercial hubs, including Lahore, Islamabad, Rawalpindi, Faisalabad, Multan, and Peshawar. The company operates as a premier subsidiary of the Pak-Qatar Group and is sponsored by leading Qatari financial institutions, including Qatar Islamic Insurance Company and Qatar International Islamic Bank.
In recent corporate and strategic developments, Pak-Qatar General Takaful Limited completed its initial public offering on the Pakistan Stock Exchange under the ticker symbol PQGTL in early 2026, marking the first public listing of a dedicated non-life takaful operator on the exchange; the offering of 30 million ordinary shares was oversubscribed 21 times, pricing at the upper cap of the strike price band to strengthen statutory capital reserves, scale underwriting capacity, expand physical distribution channels, and accelerate enterprise technology modernization. As part of its digital and operational transformation, the company has deployed enterprise systems including Microsoft Dynamics 365 customer relationship management software, achieved ISO-27001 information security certification, and established 24/7 centralized omnichannel customer contact operations in collaboration with Sybrid Private Limited. Furthermore, the company has expanded its commercial distribution through automotive underwriting alliances, including a motor takaful partnership with Dewan Farooque Motors Limited, established academic development ties via a Memorandum of Understanding with ILMA University, attained Approved Training Organization outside Practice accreditation from the Institute of Chartered Accountants of Pakistan, and secured an upgraded Insurer Financial Strength rating of A+ with a stable outlook from VIS Credit Rating Company.