News - Pakistan: Enhancement in Minimum Required Paid-up-Capital
Source: Asia Insurance Review | May 2007
The minimum paid-up capital for insurance/takaful companies has been increased from existing level of Rs 150 million (US$2.47 million) to Rs 500 million for life/family takaful and from Rs 80 million to Rs 300 million for non-life/general takaful in a phased of 4-5 years until 2011 for existing insurers/takaful operators.
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