The Securities and Exchange Commission of Pakistan (SECP) has cleared the prospectus for the Initial Public Offering (IPO) of Pak-Qatar General Takaful Limited (PQGTL), paving the way for the Shariah-compliant insurer to list on the Pakistan Stock Exchange (PSX). The offering includes 30 million ordinary shares, equivalent to 29.67 percent of the company’s post-IPO paid-up capital.

The IPO will follow the book-building method, with 75 percent of shares reserved for institutional and high-net-worth investors through the book-building process, while the remaining 25 percent will be offered to retail investors at the strike price determined through bidding.

PQGTL provides non-life Takaful solutions and is set to become the first standalone General Takaful company to debut on the PSX, marking a milestone for the Islamic insurance segment.

The SECP highlighted that IPO activity has accelerated during FY2025-26, with PQGTL becoming the sixth listing on the PSX Main Board so far this fiscal year. It also represents the second IPO prospectus approved in the opening week of calendar year 2026, reflecting improved capital market appetite.

The regulator underscored the broader role of public listings in strengthening Pakistan’s capital markets by enhancing governance standards, improving transparency, and widening investment avenues. IPOs also enable companies to access stable, long-term funding while offering investors detailed disclosures to support informed decision-making.

The commission reiterated its commitment to a supportive regulatory environment aimed at increasing listings as a sustainable financing channel and a driver of investment growth.