Finance Act, 2026: FBR tightens noose around insurance business
New law imposes final tax on early life insurance and family takaful payouts to curb tax avoidance
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Tag: insurance
This tag provides stories related to insurance. Pakistan Revenue is committed to provide updates on article related to insurance. Insurance has significance in Pakistan economy.
Sindh settles insurance sector disputes, announces lower tax rates in Budget 2026-27
Tax rates for insurance agents and brokers reduced, while life insurance exemption threshold increased to Rs3.5 million.
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FBR moves against billions lost through misuse of life insurance policies
Finance Bill 2026 introduces new taxes on early life insurance payouts to curb misuse of policies for tax arbitrage.
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Tax Arbitrage: The Mutual Fund and Insurance Industry in Pakistan
By Eashal Najeeb What is tax arbitrage? Tax arbitrage is the practice of exploiting differences in how the tax system treats economically similar income, entities, or transactions, so as to convert a higher-taxed flow into a lower-taxed one without changing the underlying economic substance. It is, in essence, a legal sleight of hand: the taxpayer […]
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Insurance Sector Discusses Budget 2026-27 Proposals with Aurangzeb
ISLAMABAD, May 5, 2026 – Pakistan’s insurance sector held detailed consultations on budget proposals for 2026-27 with Finance Minister Muhammad Aurangzeb, focusing on taxation reforms and long-term sector development.
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President Directs EFU Life Assurance to Compensate Poor Lady
Islamabad, January 12, 2024 – In a significant move aimed at rectifying an injustice, President Dr Arif Alvi has directed EFU Life Assurance Ltd to refund Rs 100,000 along with accrued profits to Zubaida Begum, a destitute woman who fell victim to the mis-selling of an insurance policy.
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Car Insurance Coverage in Pakistan at Just 3%: SECP Study Exposes Low Protection
Islamabad, August 1, 2023 – Car insurance coverage in Pakistan is shockingly low at a mere three percent, lagging far behind other major regional economies, according to a recent study conducted by the Securities and Exchange Commission of Pakistan (SECP).
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SECP issues list of approved CA firms for audit of insurance companies
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Tuesday issued a list of chartered accountant (CA) firms to conduct audit of insurance companies. Following is the list of approved auditors to conduct audit of insurance, re-insurance and Takaful entities: Category ‘A’ Firms: 01. A. F. Ferguson & Co. Chartered Accountants 02. Grant Thornton […]
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SECP proposes amendments to insurance laws
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft bill to amend Insurance Ordinance 2000 with aim to bridge regulatory gaps in existing laws. The draft law has been placed on SECP’s website for stakeholders and public consultation. The draft bill will address the regulatory gaps in existing law and provide a […]
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SECP forms body to develop RBC regime for insurance sector
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has constituted a working group of actuaries for the development of Risk Based Capital (RBC) Regime in Pakistan, said a statement on Wednesday. The group members possess local as well as diversified international experience, it added. An insurance company during the normal course of operations is […]
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