Karachi: PICIC Insurance Limited informed Karachi Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on April 25, 2015. The agenda of the meeting was discussion of un-audited interim profit and loss account for three month period ended March 31, 2015 which portrayed a loss of Rs. 5,430,000 and loss per share 0.16 basic and diluted. PICIC Insurance Limited was incorporated on April 23, 2004 under the Companies Ordinance 1984 as a public limited company and registered as a non-life insurance company by the Securities and Exchange Commission of Pakistan under the insurance ordinance, 2000. The registered office of the company is located at Karachi. The company is listed on the Karachi, Lahore and Islamabad stock Exchanges of Pakistan. PICIC Insurance Limited is a part of the Temasek Group operating in Pakistan. NIB Bank Limited a subsidiary of the Temasek Group in Pakistan is a shareholder of PICIC Insurance Limited with a 30% stake. The symbol “PIL” is being used by the stock exchange for the shares of PICIC Insurance Limited.
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