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Finance Minister Meets NBP Chairman & President, Discusses Banking Sector Priorities

Press Release / October 2, 2026

Karachi, 1st October 2026: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visited National Bank of Pakistan’s Head Office in Karachi on Thursday and met Mr. Imran Sarwar, President, NBP. At this occasion Mr. Naved A. Khan, Chairman NBP was also present. The Finance Minister congratulated Mr. Imran Sarwar on his appointment and conveyed best wishes for his new role. The meeting covered matters relating to the Bank as well as broader issues concerning the financial sector. President NBP briefed the Minister on NBP’s initiatives and performance, including its efforts to promote and support women’s Financial Inclusion economic participation, digital transformation and Small and Medium-sized Enterprises (SMEs). He also apprised the Minister of the Bank’s efforts to improve customer services and facilities. The two sides exchanged views on the role of the banking sector in supporting the country’s financial and economic priorities.

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Chairman APTMA Says Pakistan’s Textile Industry Can Deliver Additional $3B in Exports During Current Year

Web Desk / October 1, 2026

Asad Shafi Sets Focus on Expanding Textile Exports Newly elected Chairman of the All Pakistan Textile Mills Association (APTMA) Asad Shafi has said Pakistan’s textile industry has the capacity to generate an additional $3 billion in exports during the current year, provided the sector receives a competitive and predictable business environment. After assuming charge as Chairman APTMA, Shafi said his primary focus would be on working with the Government and industry to expand value-added exports, investment and employment. He also said targeted new investment could help Pakistan increase textile exports by $10 billion over the next two to three years. Pakistan Has Complete Textile Value Chain Asad Shafi highlighted Pakistan’s position among countries with an integrated textile value chain, covering fibre, spinning, weaving, processing, finishing, garments, apparel and home textiles. He said APTMA’s objective would increasingly be to leverage this domestic supply chain to produce and export higher-value finished products. According to Shafi, increasing the share of domestic inputs and processes in exports can help retain greater value within Pakistan through employment, investment, industrial activity and foreign exchange earnings. Over 80% of Textile Exports Are Value-Added Products Pakistan has already made progress in expanding value-added textile exports, with more than 80% of textile exports comprising value-added consumer products, including apparel and home textiles, according to the APTMA chairman. However, Shafi said the next opportunity lies beyond manufacturing and involves capturing a larger share of the value generated after products leave the factory. Manufacturing typically represents less than 30% of the final retail value of apparel, while substantial value is generated through product development, design, branding, marketing and retail. APTMA Targets Stronger Links With Global Brands Shafi said Pakistan needs to build stronger connections between textile manufacturers and brands to increase the value captured from international markets. He highlighted opportunities for existing Pakistani brands to expand internationally while also enabling manufacturers to develop their own brands and retail channels. Developing stronger links between manufacturing, branding and international retail will therefore be among APTMA’s key priorities in the coming years. APTMA to Broaden Membership Across Textile Value Chain In line with its broader objective, APTMA is also expanding its membership base beyond its traditional representation of spinners, weavers and value-added manufacturers. The association plans to include major Pakistani textile and apparel brands and retailers, bringing different parts of the value chain onto a common platform. The move is intended to encourage greater coordination across manufacturing, branding and retail as Pakistan seeks to increase the value generated from its textile exports. Pakistan Seeks Greater Share of International Retail Value Shafi said Pakistan should continue expanding exports of manufactured products while simultaneously seeking to capture a greater share of the final value generated in international markets. He said the next frontier for Pakistan’s textile exports would involve moving beyond manufacturing alone. According to the newly elected APTMA chairman, Pakistan should increasingly aim to design, brand, market and sell products internationally, alongside manufacturing them domestically.

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TPL Maps and DVAGO Entered in Strategic Partnership

Web Desk / October 1, 2026

TPL Maps and DVAGO Partner to Explore Healthcare and Location-Based Technology Opportunities TPL Maps and DVAGO Establish Strategic Partnership Karachi: Digital mapping and location intelligence company TPL Maps and pharmacy chain DVAGO have entered into a strategic partnership to explore new opportunities across healthcare, technology and location-based services. The collaboration will bring together DVAGO’s extensive pharmacy and healthcare network with TPL Maps’ capabilities in digital mapping, location intelligence, navigation and location-based services. The partnership is expected to create opportunities for businesses to connect with customers more effectively while improving location-related services and customer experiences. Integrating Healthcare Networks With Location Intelligence Under the partnership, both organizations will explore ways to integrate geographic data and advanced technology into areas connected with healthcare accessibility and customer convenience. TPL Maps’ location intelligence capabilities can support businesses in understanding geographic patterns, improving navigation and developing location-based services. Meanwhile, DVAGO’s pharmacy and healthcare network provides a broad platform through which such technologies can be explored in practical customer-facing applications. Focus on Accessibility and Convenience The collaboration will examine opportunities to use geographic data and technology to improve accessibility, convenience and operational efficiency. By combining digital mapping with a healthcare and pharmacy network, the partnership aims to explore new ways of connecting customers with relevant services and locations. The companies will also assess potential applications that can help businesses enhance customer engagement through location-based solutions. Exploring Technology-Driven Healthcare Services The partnership reflects the growing role of digital technology and location intelligence in improving how businesses deliver services to customers. TPL Maps and DVAGO will explore further applications of geographic data and advanced technology across areas related to customers and businesses. The collaboration will focus on identifying opportunities where mapping, navigation and location-based intelligence can contribute to more efficient and accessible healthcare-related experiences.

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Sustainable Growth, Capital Formation and Private Sector-Led Development Key to Pakistan’s Economic Progress: Finance Minister Muhammad Aurangzeb at PSX

Press Release / October 1, 2026

Karachi — October 1, 2026 Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed the Government’s commitment to sustainable economic growth, macroeconomic stability and private sector-led development while addressing the Gong Ceremony organized by Arif Habib Corporation at the Pakistan Stock Exchange (PSX), Karachi, to mark the listing of Naya Nazimabad Apartments REIT. The Finance Minister highlighted the strong performance of the Pakistan Stock Exchange, noting that the KSE-100 Index had increased from around 67,000 points in March 2024 to around 170,000 points. He also highlighted the significant broadening of investor participation, with 25,281 new investors added at PSX in September 2026, the highest ever in a single month, taking the total investor base to 656,218, more than double the 321,144 investors recorded in March 2024. He further noted that 11 companies had come to the market during FY26, the highest number in over two decades while another 5 IPOs have already been completed in the first quarter of FY27, reflecting continued momentum in capital raising and market development. He emphasized, however, that the market was not just about the index; the broader objective was capital formation. Market confidence, he said, must translate into capital for businesses, infrastructure, housing, innovation and job creation. Speaking about the Prime Minister’s Apna Ghar Programme, Senator Muhammad Aurangzeb said around Rs60 billion had been financed, while banks had approved an additional financing pipeline of approximately Rs340 billion awaiting disbursement. He noted that the banking sector had taken the lead and emphasized that the supply side must now accelerate housing development. He underscored the role of the private sector, including ABAD, in supporting the initiative and highlighted REITs as an important mechanism for mobilizing investment into housing and real estate. The Finance Minister noted that the participation of major Pakistani business groups in the consortium for the PIA transaction, involving Mr. Arif Habib and Mr. Tabba, represented close to US$1.2 billion in collective investment and demonstrated the growing ability of local businesses to work together, create scale and pursue larger investment opportunities. He said international investor interest was also increasing, pointing to Turkish interest in the privatisation of electricity distribution companies and growing interest from US investors and companies in minerals and mining, agriculture, IT, oil and gas, and refinery upgrades. He stressed that foreign investment takes time to materialize and requires a conducive ecosystem supported by appropriate policies and effective facilitation. The Finance Minister said Pakistan’s economy had moved from contraction and stabilization towards growth, with growth currently around 3.7 percent and expected to move towards 4 percent this year. He stressed the need to break away from the boom-and-bust cycle and pursue sustainable and responsible growth driven by productivity, investment, exports and employment, rather than temporary liquidity and consumption-led expansion. He emphasized the importance of bringing permanence to macroeconomic stability and building stronger fiscal and external resilience to withstand future shocks. Highlighting the Government’s structural reform agenda, Senator Muhammad Aurangzeb said reforms had moved beyond the design phase into execution, covering taxation, energy, state-owned enterprises, privatisation and public finance. He noted that the number of tax filers had crossed 5.7 million, compared with around 3.9 million last year and approximately 1.8–1.9 million in 2022, reflecting greater use of data, simplification of processes and stronger enforcement. The Finance Minister reiterated that the Government’s role was to provide the requisite ecosystem for the private sector, including through engagement with US EXIM Bank, other export credit agencies and international partners, as well as through tariff discussions and negotiations. The private sector, he stressed, must lead investment, business expansion and economic growth. He further emphasized the need to expand access to finance for SMEs, agriculture, housing and other underserved segments and reiterated the Government’s objective of moving Pakistan’s bilateral economic relationships from aid towards trade and investment. He also highlighted the importance of positioning Pakistan for the new economy by capturing emerging opportunities in digitalisation, blockchain, Web 3.0 and other emerging technologies. Referring to the Naya Nazimabad Apartments REIT, the Finance Minister noted that the offering received around eight times subscription during book-building and 4.3 times subscription in the general public offering, reflecting strong investor interest in well-structured and transparent investment opportunities. He reaffirmed the Government’s resolve to deepen capital markets, strengthen investor confidence and create an enabling environment for private sector-led development moving from stability to investment, from investment to growth, and from growth to jobs and wider economic opportunity.

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Pakistan Studies PNSC Container Ship to Cut Export Costs

Web Desk / October 1, 2026

Pakistan Explores Dedicated Container Vessel for Exporters Pakistan is examining the possibility of using a dedicated container vessel through the Pakistan National Shipping Corporation (PNSC) to help exporters manage rising freight costs and longer shipping times to Europe and the United States. The proposal was discussed during a meeting between Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry and a three-member delegation representing the textile and apparel industry. Exporters told the minister that changes in shipping routes have increased transportation costs and extended delivery times for Pakistani goods reaching international buyers. Exporters Highlight Rising Freight Costs and Longer Routes The delegation included Shahzad Asghar Ali, chief executive of Style Textile; Benedikt Birner, vice president at Global Adidas; and Saqib Rafique, senior director for sourcing operations at Adidas. PNSC Chief Executive Syed Jarar Haider Kazmi also participated in the meeting online. The exporters said longer sailing routes have placed additional pressure on Pakistani suppliers competing with regional exporters that continue to have relatively direct access to European and US markets. For industries such as textiles and apparel, higher freight costs can affect the competitiveness of products even before shipments reach their final destinations. PNSC May Lease or Purchase Container Ship Minister Muhammad Junaid Anwar Chaudhry said PNSC could potentially lease or purchase a container vessel to support exporters and reduce shipping costs. However, the proposal depends on securing sufficient cargo volumes to ensure that such a service remains commercially viable. The dedicated vessel is therefore being considered as an option rather than an approved vessel purchase or an existing service. The government will first assess whether enough export cargo can support the operation. Working Group Formed to Examine Shipping Proposal Following the meeting, the Ministry of Maritime Affairs formed a working group comprising representatives from the ministry, PNSC and exporters. The group will examine options for improving Pakistan’s shipping connectivity and providing exporters with more efficient access to international markets. The feasibility of operating a dedicated container vessel will be among the options considered, alongside other measures aimed at reducing transportation costs and improving the reliability of export routes. Exporters to Consult Wider Industry The delegation will also consult other exporters and present additional proposals to the working group. Broader industry input is expected to help determine the volume of cargo that could potentially be committed to a dedicated shipping service and what arrangements would be required to make transportation more efficient. For Pakistan’s export-oriented industries, freight has become an increasingly important component of international competitiveness. Longer routes and higher transportation costs can reduce the price advantage of local suppliers in overseas markets. Cargo Volume Will Determine Viability A dedicated PNSC container vessel could potentially provide exporters with another shipping option, but its commercial viability will depend heavily on cargo volumes. The working group will now assess whether sufficient export demand exists to support such a service and identify the arrangements needed to make shipping connectivity more cost-effective.

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CCP Calls for Greater Competition, Digitalisation to Expand Pakistan’s Insurance Sector

Web Desk / September 30, 2026

ISLAMABAD, SEPTEMBER 30, 2026: The Competition Commission of Pakistan (CCP) held a meeting of the Competition Consultative Group (CCG) on “Strengthening Competition in Pakistan’s Insurance Sector: Challenges, Opportunities and the Way Forward.” The CCG meeting called for greater competition, digitalisation, improved claims handling and wider market access to unlock the potential of Pakistan’s insurance industry, where insurance penetration remains only at 0.7 percent of GDP and insurance density of around US$12 per capita. In his opening remarks, Chairman CCP Farid Ahmad Tarar said insurance plays an important role in managing risks, mobilising long-term savings and supporting economic activity. He said Pakistan’s low insurance penetration also represents considerable room for growth, and greater competition could encourage innovation, improve service quality and widen consumer choice. A CCP presentation showed that Pakistan has 44 insurers, including 36 conventional insurers, seven Takaful operators and one reinsurer, with around 10.4 million policies. It identified market concentration, entry barriers, concentration in bancassurance, low awareness, information asymmetry, claims disputes and delays, limited innovation and digitalisation as key competition challenges. Presenting the regulator’s perspective, Waseem Khan, Director/HOD, Life Policy and Approval Department, Insurance Division, highlighted digitalisation, effective implementation of mandatory insurance, expansion of agricultural insurance and adoption of a risk-based solvency framework. The Insurance Bill, 2026 was also discussed. Thereafter, panel discussions were held drawing leading industry players, regulators and the Network for Consumer Protection. The first panel on regulatory framework, market structure and competitiveness comprised Kamran Arshad Inam, MD & CEO, EFU General Insurance; Azfar Arshad Inam, CEO, Jubilee General Insurance; Faisal Khan, CEO, IGI General Insurance; Sharjeel Shahid, CEO, UBL Insurers; and Muhammad Ashar, Divisional Head, State Life Insurance Corporation of Pakistan. It was moderated by Ali Shehzad, ED & COO, Pakistan General Insurance Company. The panel highlighted untapped potential in agriculture, SMEs, retail and microfinance, while stressing better products, stronger reinsurance capacity, improved data infrastructure, digitalisation and greater consumer trust. Participants said reliable data could improve risk assessment, pricing, fraud detection and claims management. The second panel on consumer protection and economic development comprised Dr. Abid Qaiyum Suleri, Executive Director, SDPI and Chairman Board of Directors of the National Disaster Risk Management Fund; Ghulam Ghous, Advisor In-Charge, Federal Insurance Ombudsman; Khurram Irshad Khan, Executive Director, NICL; Dr. Bakht Jamal Sheikh, Advisor to CEO, Technical Affairs, Adamjee Life Assurance; and Nadeem Iqbal, CEO, The Network for Consumer Protection. The panel emphasised easier premium payments, efficient claims settlement, responsible selling, transparent disclosures and effective complaint handling. Participants said digitalisation should improve the entire consumer journey, from purchasing policies to settlement of claims. The deliberations identified agriculture, health, Takaful, microinsurance, SMEs and rural markets as major areas for expansion, alongside stronger implementation of mandatory insurance, financial literacy, data infrastructure and product innovation. Concluding the meeting, Chairman CCP said the deliberations would help identify the areas where competition advocacy, regulatory coordination and appropriate policy interventions could strengthen the sector and improve outcomes for consumers, ensuring a competitive, contestable and efficient market.

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Pakistan Assembles 18.66 Million Mobile Handsets in Eight Months

Web Desk / September 30, 2026

Pakistan’s local mobile phone manufacturing plants assembled 18.66 million handsets during the first eight months of 2026, significantly exceeding commercial imports of 2.74 million units during the same period. The figures highlight the growing role of domestic assembly in meeting the country’s demand for mobile devices, with locally produced handsets now accounting for the majority of phones entering the market. Local Handset Production Takes the Lead Local plants assembled 18.66 million mobile handsets from January to August 2026, while commercial imports stood at 2.74 million units. The wide gap between local production and commercial imports indicates that Pakistan’s mobile market is increasingly being supplied through domestic assembly operations rather than finished-device imports. This trend also reflects the continued expansion of local handset production, including devices assembled through CKD and SKD arrangements. Smartphones and 2G Phones Make Up Most Production Of the 18.66 million handsets assembled locally during the first eight months, around eight million were smartphones, while 11 million were 2G devices. The production mix shows that traditional 2G phones continue to account for a substantial portion of local manufacturing despite the increasing penetration of smartphones. According to PTA figures, smartphones represented 71 percent of devices connected to Pakistan’s national mobile network. The remaining 29 percent were 2G handsets. The figures indicate that while smartphones dominate the active device base, demand for basic 2G phones remains significant. 5G Handset Production Remains Limited Local production of 5G-enabled devices remains comparatively small. Manufacturers assembled 134,501 5G-capable handsets in August 2026. For comparison, total local production of 5G-enabled devices stood at 553,079 units throughout 2025. Overall handset production in 2025 reached 30.21 million units, while commercial imports amounted to 2.37 million units. The relatively limited 5G production suggests that the transition toward next-generation devices is still developing within Pakistan’s local manufacturing ecosystem. Mobile Phone Imports Continue to Decline Commercial mobile phone imports also continued to decline during the first two months of the fiscal period. Mobile phone imports fell 8.85 percent in July-August to $274.129 million, compared with $300.741 million during the corresponding period a year earlier. In rupee terms, imports declined 10.53 percent to Rs76.267 billion from Rs85.245 billion. August alone recorded mobile phone imports of $133.695 million, down 13.82 percent year-on-year and 4.80 percent from July. The decline in imported handsets comes as domestic assembly continues to provide a larger share of phones for the local market. Telecom Equipment Imports Move Higher While finished mobile phone imports declined, imports of telecom equipment increased during the same period. Telecom equipment imports rose 8.95 percent to $432.044 million in July-August, compared with $395.536 million a year earlier. In rupee terms, spending on telecom equipment increased 6.95 percent to Rs120.211 billion. The increase points to continued spending on network infrastructure, including equipment required to support network expansion and next-generation mobile services. However, telecom equipment imports in August declined 3.42 percent year-on-year and were 15.98 percent lower than the previous month. Local Assembly and Network Investment Follow Different Trends Pakistan’s mobile sector is increasingly showing two distinct import and production trends. More handsets are being assembled locally, reducing reliance on commercial imports of finished mobile phones. At the same time, telecom operators and other industry participants continue to import network equipment to expand and upgrade the infrastructure supporting mobile connectivity. The combination of higher domestic handset production and continued investment in telecom equipment reflects the changing structure of Pakistan’s mobile market, with local manufacturing playing a larger role in supplying devices while network investment remains dependent on imported equipment.

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Pakistan Will Explain Rs 853 Billion Statistical Discrepancy to IMF

Web Desk / September 29, 2026

Pakistan has told the International Monetary Fund (IMF) that it will provide additional details to explain an Rs853 billion statistical discrepancy in the accounts of five governments for fiscal year 2025-26. The federal government accounts for Rs448 billion of the discrepancy, while Punjab has reported Rs266 billion. Officials said the mismatch is primarily linked to differences in the timing and recording of transactions rather than unaccounted expenditure. The government has maintained that the discrepancy will not affect Pakistan’s primary surplus of 2.9 percent of GDP. Timing Differences Drive Fiscal Gap Officials attributed much of the discrepancy to timing differences in government accounts. Provincial governments parked surplus cash in treasury papers, while cheques issued toward the end of June were sometimes reflected in Account-1 after the June 30 financial year-end. Delayed releases for development spending also resulted in large paper savings at the close of the fiscal year. Punjab has pointed to differences in commercial-account flows and federal and provincial accounting practices as additional factors behind the mismatch. The incomplete implementation of the Treasury Single Account (TSA) has also contributed to the discrepancy, with several government entities continuing to hold funds outside the central account. Finance Ministry To Provide Additional Documentation The Finance Ministry has committed to providing the IMF with additional documentation to reconcile the reported figures. The clarification is part of ongoing discussions between Pakistan and the Fund, with the current review talks expected to conclude on October 7. Agriculture Tax Collection Remains Weak The IMF mission has also pressed provincial authorities over weak agricultural income tax collection, particularly after tax rates on agricultural income were increased from 15 percent to 45 percent. Despite the higher rates, collections remained close to Rs5 billion last year. Sindh collected Rs1.1 billion against a target of Rs2 billion and could fall short of its Rs6 billion target for the current year by at least Rs3 billion. Punjab collected Rs4 billion against a target of Rs10.5 billion last year and has established a Rs12.5 billion collection target for the current fiscal year. Sindh Expands Digital Agriculture Tax Administration Sindh has transferred agricultural income tax administration to the Sindh Revenue Board. The province has recorded 3,650 digital registrations and 1,912 returns. It has also received federal data concerning 44,350 individuals who declared agricultural income. The provincial government wants to establish real-time data links with the Federal Board of Revenue (FBR) to strengthen monitoring and improve agricultural tax collection. FBR Revenue Target Faces Regional Risks The FBR missed its revised revenue collection target for the previous year by Rs929 billion. For the current fiscal year, the tax authority expects to achieve its first-quarter collection target of Rs7 trillion, while also pointing to indicators such as digital invoicing as part of efforts to improve revenue collection. However, the government stopped short of committing to achieving the full-year FBR target of Rs15.263 trillion. Officials said the final outcome will partly depend on the security situation in the Middle East, which could affect economic activity, trade and revenue collection. IMF Questions Trader Fixed-Tax Scheme The IMF also raised concerns about the limited response to the second fixed-tax scheme introduced for traders. Officials described the scheme as a final opportunity for traders to enter the formal tax system before penalties and enforcement measures are applied. The discussions highlight the broader challenge of improving tax compliance while Pakistan works to strengthen revenue collection and meet fiscal commitments under its IMF programme. Pakistan’s Fiscal Position Under Review The Rs853 billion statistical discrepancy, weak agricultural income tax collection and uncertainty surrounding the FBR’s annual revenue target remain important issues in Pakistan’s ongoing IMF review. While officials have attributed the discrepancy largely to accounting and timing differences, the government is expected to provide additional documentation to reconcile the federal and provincial figures. At the same time, stronger provincial tax collection and improved federal revenue performance remain important for maintaining the government’s fiscal targets.

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Security Leasing Seeks Stay On Delisting While Settling Creditors

Web Desk / September 29, 2026

Security Leasing Corporation Ltd has told the Pakistan Stock Exchange that talks with creditors are moving forward, and that a court order now bars coercive steps, including winding up and delisting, while its licence case remains open. The update, dated September 26, 2026, answers an exchange letter of September 16. Management says some creditor claims have already been settled. Talks with the rest continue, and several of those files are now at a final stage. Creditor Talks And A Pending Recovery A sizeable recovery from one debtor is expected in the coming days. The company says that inflow should help it meet financial obligations and keep the revival work moving. These settlements and recoveries are being followed regularly. Their effect is expected to show up in the forthcoming annual financial statements. No figures for the settled amounts, or for the expected recovery, were given in the letter. Court Order Bars Winding Up And Delisting The company has also moved to protect its position in the licence cancellation case. An order of the SECP Appellate Bench dated April 8, 2025, was challenged before the High Court of Sindh. On September 24, 2025, in Misc. Appeal No. 123 of 2025, the High Court restrained the respondents from taking any adverse or coercive action against the company. The restraint covers winding up and delisting proceedings. Because the exchange is a party to those proceedings, the company has asked that the court order be kept on record. It has also asked that any action under the earlier notice stay suspended until the court decides the matter. What Comes Next Management says the remaining settlements and recoveries are still being pursued. It has promised to update the exchange on any material development. For shareholders, the immediate point is procedural as much as financial. Creditor talks are advancing, a recovery is expected shortly, and a court stay currently stands between the company and delisting or winding up. Whether that stay holds, and whether the cash actually arrives, will shape the next chapter.

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Jubilee Life Insurance Partners With Oladoc to Expand Digital Access to Takaful Protection

Press Release / September 28, 2026

Jubilee Life Insurance Company Limited – Window Takaful Operations has entered into a strategic digital collaboration with Oladoc to expand access to Takaful protection through the digital healthcare platform. The partnership will enable Oladoc users to conveniently explore Jubilee Life’s voluntary, annually renewable Term Takaful solutions through a platform already used for digital healthcare services. Jubilee Life Expands Digital Access To Takaful The collaboration reflects Jubilee Life’s efforts to make financial protection more accessible through digital channels. By integrating its Takaful solutions into Oladoc’s digital healthcare journey, Jubilee Life aims to bring healthcare and financial protection closer together for digitally connected consumers. The arrangement provides Oladoc users with access to a range of protection solutions at a point where healthcare needs and financial security can intersect. Takaful Plans Available Through Oladoc The solutions being made available through the platform cover a range of healthcare and financial protection needs. These include: The plans are designed to address areas including healthcare expenses, personal accidents, income continuity and critical health risks. Digital Healthcare And Financial Protection The collaboration brings financial protection closer to users through an established digital healthcare ecosystem. For Jubilee Life, the partnership supports its focus on digital innovation, accessibility and customer-centric protection solutions. For Oladoc, the integration adds access to relevant financial protection alongside the digital healthcare services available to its users. Jubilee Life Highlights Digital Partnerships Commenting on the collaboration, Sohail Fakhar, Executive Director, Sales and Marketing, Jubilee Life Insurance, said the company’s focus is on making protection simpler and easier to access. He said digital partnerships are an important part of that effort and that working with platforms such as Oladoc can help reach consumers through channels that are already part of their everyday lives. According to Fakhar, the collaboration brings relevant Takaful protection closer to consumers through a familiar digital platform. Oladoc Seeks Broader Healthcare Ecosystem Syed Ali Raza Sherazi, Head of Commercials, Oladoc, said the company aims to build a more comprehensive healthcare ecosystem for its users. He said access to relevant financial protection complements the digital healthcare services already used by Oladoc’s audience, helping bring healthcare access and financial protection closer together through a digital platform. Takaful Access Expands Through Digital Channels The partnership represents another step towards making health and financial protection more accessible, convenient and digitally enabled for consumers across Pakistan. By combining digital healthcare access with Takaful protection options, the collaboration creates an additional channel through which consumers can explore protection solutions alongside their healthcare needs.

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