DOCSLIB.ORG

Jubilee-Annual-Financial-2017.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Jubilee-Annual-Financial-2017.Pdf Table of Contents 2. Vision, Mission & Core Values 02 4. Code of Conduct Profile 6. Corporate Strategy 8. Company Information 12. Rating of the Company 15. Profile of the Directors 20. Awards and Accolades 24. Statement of Value Addition 23 26. Key Operating & Financial Data Key Financial Data 29. Vertical Analysis 31. Horizontal Analysis 35. Life at Jubilee 48. Calendar of major events 2017 47 50. Share Price Analysis Corporate 51. Chairman’s Review Governance 54. Directors’ Report 70. Risk and Opportunity Report 74. Review Report on the Statement of Compliance 75. Statement of Compliance with the Code of Governance 80. Shariah Advisors’ Report 82. Auditors’ Reasonable Assurance Report on Shariah Compliance 84. Statement of Compliance with the Shariah Principles 85. Independent Auditors’ Report to the members 88. Balance Sheet 87 90. Profit & Loss Account Financial 91. Statement of Changes in Equity Statements 92. Cash Flow Statement 94. Revenue Account 96. Statement of Premiums/Contributions 97. Statement of Claims 98. Statement of Expenses 100. Statement of Investment Income 101. Notes to the Financial Statements 191. Statement of Directors 192. Statement of Appointed Actuary 194. Notice of 23rd Annual General Meeting 193 198. Pattern of shareholdings Shareholders 203. Proxy Form Information 205. Branch Network ANNUAL REPORT 2017 LIFE INSURANCE THE PROMISE OF TOMORROW Introduction ANNUAL REPORT 2017 INTRODUCTION Our tomorrows begin with a sunrise. At Jubilee Life, we believe in making the sunrises of your future financially secure and peaceful, by delivering on our commitments at every level. Whether it is our array of tailored insurance solutions to meet your specific needs, or our professionalism in service delivery, or making our plans accessible at the touch of your finger, we strive for excellence every day. With our outreach spread all across the country, and coverage of more than 5.3 million lives, our performance is another testament to our vision – enabling people to overcome uncertainty, so that every sunrise dawns with the promise of a secure and carefree future. Vision Enabling people to overcome uncertainty. Mission To provide solutions that protect the future of our customers. 02 www.jubileelife.com ANNUAL REPORT 2017 Core Values •Teamwork •Integrity •Excellence •Passion Jubilee Life Insurance 03 Code of Conduct 04 www.jubileelife.com ANNUAL REPORT 2017 CODE OF CONDUCT Our Integrity guides our conduct towards our policyholders, participants, • It is Jubilee’s objective to conduct business with reputable clients and colleagues, shareholders and the general public. This principle constitutes business partners who are involved in lawful business activities. We do the foundation of our code of conduct and ethics as under: not facilitate money laundering. • Compliance with law and the legal system is a fundamental principle for • It is the duty of Jubilee employees to make business decisions in the best Jubilee. Every employee, agent and director shall obey the laws and interest of Jubilee Insurance and not based on their personal interest. regulations of the legal systems in letter and spirit within which he / she acts. Regardless of the sanctions foreseen by the law, any director, • Jubilee employees are obligated to protect all assets of the Company, employee or an agent guilty of a violation will be liable to disciplinary including intangible assets and software products, and use these consequences related to such violation. properly only for the benefit of the Company. • Respect for personal integrity, privacy and personal right of every • Open and effective communication requires accurate and truthful individual is a fundamental principle. We work together with individuals reporting. Jubilee is required to maintain sound processes and controls of various backgrounds, ethnic types, different cultures, gender, so that transactions are executed within approved authorization. religions, ages and disabilities. Confidentiality is maintained with regard to Jubilee’s proprietary information that has not been made known to public. • We compete fairly with the quality and the price of our innovative products and services, not by offering improper benefits to others. • Protecting the health and safety of employees in the workplace is a high Employees are not permitted to use their jobs to solicit, to demand, priority for Jubilee. Jubilee promotes sound environment friendly accept, obtain or be promised advantages. business practices. • Jubilee does not make political contributions (donations to politicians, political parties or political organizations). As a responsible member of society and a good corporate citizen, Jubilee makes donations for education, health, social and humanitarian projects. Jubilee Life Insurance 05 Corporate Strategy 06 www.jubileelife.com ANNUAL REPORT 2017 OVERALL CORPORATE STRATEGY Jubilee Life Insurance Company Limited is a growth oriented insurance company of Pakistan. Our strategic objective is to increase our market share and maintain our market leadership position without compromising the customer service level and profitability. We aim to achieve our objective by diversifying our distribution channels, development of innovative products, sustaining profitable growth through employees’ training, and enhancing customer satisfaction level. Jubilee Life Insurance 07 COMPANY INFORMATION BOARD OF DIRECTORS • Kamal A. Chinoy • Amyn Currimbhoy • John Joseph Metcalf • Sultan Ali Allana Independent Independent Non-Independent Non-Independent Non-Executive Director Non-Executive Director Non-Executive Director Non-Executive Director • R. Zakir Mahmood • Shahid Ghaffar • Javed Ahmed Non-Independent Independent Managing Director & Non-Executive Director Non-Executive Director Chief Executive Officer (Executive Director) BOARD COMMITTEES Audit Committee Human Resource & Renumeration, Construction Advisory Committee • Amyn Currimbhoy, Chairman Ethics & Nominations Committee • Kamal A. Chinoy, Chairman • John Joseph Metcalf, Member • Kamal A. Chinoy, Chairman • Sultan Ali Allana, Member • Shahid Ghaffar, Member • John Joseph Metcalf, Member • Javed Ahmed, Member & Secretary • Adeel Ahmed Khan, Secretary • R. Zakir Mahmood, Member • Javed Ahmed, Member • Najam ul Hassan Janjua, Secretary Finance & Investment Committee Risk Management Committee Technical Committee • Shahid Ghaffar, Chairman • John Joseph Metcalf, Member • John Joseph Metcalf, Member • R. Zakir Mehmood, Member • R. Zakir Mahmood, Member • Shahid Ghaffar, Member • John Joseph Metcalf, Member • Shahid Ghaffar, Member • Javed Ahmed, Member • Javed Ahmed, Member • Javed Ahmed, Member • Shan Rabbani, Member / Secretary • Shan Rabbani, Member • Shan Rabbani, Secretary • Lilly R. Dossabhoy, Member / Secretary The above information is as at February 15, 2018. 08 www.jubileelife.com ANNUAL REPORT 2017 MANAGEMENT • Javed Ahmed • Lilly R. Dossabhoy Managing Director & Chief Executive Officer Chief Financial Officer (Group Head, Finance & Accounts) • Muhammad Sohail Fakhar • Zahid Barki Group Head Corporate, Marketing & Administration Group Head Risk Management, Compliance & Quality Assurance • Farhan Akhtar Faridi • Muhammad Munawar Khalil Group Head Retail Distribution Group Head Human Resource Management & Development • Muhammad Kashif Naqvi • Shan Rabbani Group Head Digital, Technology & Strategic Planning Group Head Retail Operations, Investments & Actuarial • Najam ul Hassan Janjua, • Nadym Chandna Company Secretary & Head of Legal Department Head of Window Takaful • Faiz ul Hassan • Faisal Qasim Head of Corporate Business Distribution Head of Information Security & Quality Assurance • Muhammad Aamir Head of Corporate Business Operations Company Secretary /Compliance Officer Najam ul Hassan Janjua Head of Internal Audit Adeel Ahmed Khan The above information is as at February 15, 2018. Jubilee Life Insurance 09 MANAGEMENT COMMITTEES Management Committee Risk Management & Compliance Committee • Javed Ahmed - Chairman • Javed Ahmed - Chairman • Zahid Barki - Member • Zahid Barki - Member • Muhammad Sohail Fakhar - Member • Lilly R. Dossabhoy - Member • Farhan Akhtar Faridi - Member • Shan Rabbani - Member • Lilly R. Dossabhoy - Member • Najam ul Hassan Janjua - Secretary • Muhammad Munawar Khalil - Member • Shan Rabbani - Member Investment Management Committee • Muhammad Kashif Naqvi - Secretary • Javed Ahmed - Chairman • Lilly R. Dossabhoy - Member Underwriting & Reinsurance Committee • Shan Rabbani - Member • Javed Ahmed - Chairman • Kashif Naqvi - Member • Muhammad Sohail Fakhar - Member • Asif Mobin - Member / Secretary • Shan Rabbani - Member • Muhammad Aamir - Member IT Steering Committee • Raja Naveed - Secretary • Javed Ahmed - Chairman • Zahid Barki - Member Claims Committee • Farhan Akhtar Faridi - Member • Javed Ahmed - Chairman • Shan Rabbani - Member • Zahid Barki - Member • Kashif Naqvi - Member / Secretary • Farhan Akhtar Faridi - Member • Muhammad Munawar Khalil - Member • Junaid Ahmed - Secretary The above information is as at February 15, 2018. 10 www.jubileelife.com ANNUAL REPORT 2017 Registered Office Head Office 26-D, 3rd Floor, Kashmir Plaza, Jinnah Avenue, Blue Area, 74/1-A, Lalazar, M. T. Khan Road, Karachi-74000, lslamabad, Pakistan. Pakistan. Tel: +92 (51) 2206930-6 Fax: +92 (51) 2825372 Tel: +92 (21) 35205095 Web: www.jubileelife.com E-mail: [email protected] Web: www.jubileelife.com E-mail: [email protected] Appointed Actuary Auditors Nauman Associates KPMG Taseer Hadi & Co., Chartered Accountants 249-CCA,
Load more

Recommended publications
  • Jubilee Life March-2018 NEW.FH10
    Our Vision Our Mission Our Core Values Certified True Copy Najam Ul Hassan Janjua Company Secretary QUARTERLY REPORT MARCH 31, 2018 TABLE OF CONTENTS Profile Vision, Mission & Core Values Our Company 02 Company Information 06 Directors Review (English) 08 Directors Review (Urdu) Financial Data 10 Condensed Interim Statement of Financial Position 12 Condensed Interim Profit and Loss Account 13 Condensed Interim Statement of Comprehensive Income 14 Condensed Interim Cash Flow Statement 16 Condensed Interim Statement of Changes in Equity 17 Notes to the Financial Information 49 Statement of Directors 50 Statement of Appointed Actuary 51 Branch Network opy Certified True C assan Janjua Ul H ecretary ajam pany S N Com 01 02 QUARTERLY REPORT MARCH 31, 2018 Rating of the Company Rating Date September 23, 2016 03 04 QUARTERLY REPORT MARCH 31, 2018 05 Directors Review The Board of Directors of Jubilee Life Insurance Company Limited have pleasure in presenting to the members, the condensed interim financial information (un-audited) of the Company for the quarter ended March 31, 2018. The Company continued to focus on business development through multiple distribution channels and commitment towards maintaining high service and persistency standards, enabling it to achieve growth in premium revenue as well as profitability. The Gross Written Premium (GWP) during the quarter was Rs.12,515 million which is 14% higher than the GWP of Rs.10,999 million for the comparative quarter of 2017. All business lines have shown stability in premium revenue. As witnessed in 2017, business written through Window Family Takaful Operations has maintained its impressive growth during the first quarter of 2018, and the aggregate Gross Written Contribution was recorded at Rs.2,240 million, as against Rs.1,148 million in the comparative quarter of 2017, i.e.
    [Show full text]
  • Complaint Against Insurance Company in Pakistan
    Complaint Against Insurance Company In Pakistan Placed Joachim hydrolyse or underquotes some Elisha unitedly, however auctionary Grove pollinated congenitally or epitomise. Meyer lards her trivalence aesthetically, scampering and unbelievable. Traveled and legible Krishna never prig unscrupulously when Patel falls his radome. Insurance company registration fee or his family and trust securities in number, reflecting the complaint in case where the particular includes whether doctors. File an air travel complaint Air Passenger Protection. If any material to pakistan primarily quetta and dealing commission cannot constitute itself in insurance company in pakistan to recover stolen belongings covered by way to strengthen ties and advocacy for claims? KARACHI Dec 22 The Pakistan Insurance Regulatory Authority. SGI Insurance. You within first learn a complaint to your insurance company's in Dispute Resolution IDR section The complaint should be made in contempt Most insurers have a complaint form you can lodge online through their website or together by post suspend your insurance company charge the contact details of their IDR department. Ahmedabad hospital association launches redressal cell for. And against me of complaint against in insurance company can now coming up in provision of course includes tutorial videos, discriminated against a letter to resolve them from that is an opportunity to? TPL Insurance is portable first insurance company in Pakistan to sell general insurance products directly to the consumer Since lean in 2005 the copper has. If you race a complaint against an insurance agency or producer agent the MIA. FBR Federal Board show Revenue Government of Pakistan. In the administrative support of similar offices are investment company in insurance pakistan we realize the earlier.
    [Show full text]
  • QUARTERLY REPORT MARCH 31, 2021 Table of Contents
    QUARTERLY REPORT MARCH 31, 2021 Table of Contents Profile 02 Vision, Mission & Core Values Our Company 03 Rating of the Company 04 Company Information 08 Directors’ Review (English) 10 Directors’ Review (Urdu) Financial Data 13 Condensed Interim Statement of Financial Position 14 Condensed Interim Profit and Loss Account 15 Condensed Interim Statement of Comprehensive Income 16 Condensed Interim Cash Flow Statement 17 Condensed Interim Statement of Changes in Equity 18 Notes to the Condensed Interim Financial Statements 41 Statement of Directors 42 Statement of Appointed Actuary Window 44 Condensed Interim Statement of Financial Position Takaful 45 Condensed Interim Profit and Loss Account Operations 46 Condensed Interim Statement of Comprehensive Income 47 Condensed Interim Cash Flow Statement 48 Condensed Interim Statement of Changes in Equity 49 Notes to the Condensed Interim Financial Statements VISION Enabling people to Overcome uncertainty MISSION To provide solutions that protect the future of our customers COREOvercome VALUES uncertainty Team Work Integrity Excellence Passion Rating of the Company Insurer Financial Strength (IFS) Rating: AA+ (Double A Plus) Outlook: Stable Rating Agency: JCR VIS Rating Date: February 23, 2021 AA+ Stable Company Information BOARD OF DIRECTORS Kamal A. Chinoy John Joseph Metcalf (Chairman) Non-Independent Independent Non-Executive Director Non-Executive Director R. Zakir Mahmood Shahid Ghaffar Non-Independent Independent Non-Executive Director Non-Executive Director Yasmin Ajani Sultan Ali Allana Independent Non-Independent Non-Executive Director Non-Executive Director Javed Ahmed Sagheer Mufti Managing Director & Non-Independent Chief Executive Officer Non-Executive Director (Executive Director) Amyn Currimbhoy Independent Non-Executive Director BOARD COMMITTEES Audit Committee Risk Management Committee Amyn Currimbhoy Chairman John Joseph Metcalf Chairman John Joseph Metcalf Member R.
    [Show full text]
  • Un-Claim Dividend and Shares for Upload in Company Web Site
    UN-CLAIM DIVIDEND AND SHARES FOR UPLOAD IN COMPANY WEB SITE. Company FOLIO Name Address Amount Shares Abbott 41 BILQIS BANO C-306, M.L.COMPLEX MIRZA KHALEEJ1,507.00 BEG ROAD,0 PARSI COLONY KARACHI Abbott 43 MR. ABDUL RAZAK RUFI VIEW, JM-497,FLAT NO-103175.75 JIGGAR MOORADABADI0 ROAD NEAR ALLAMA IQBAL LIBRARY KARACHI-74800 Abbott 47 MR. AKHTER JAMIL 203 INSAF CHAMBERS NEAR PICTURE600.50 HOUSE0 M.A.JINNAH ROAD KARACHI Abbott 62 MR. HAROON RAHEMAN CORPORATION 26 COCHINWALA27.50 0 MARKET KARACHI Abbott 68 MR. SALMAN SALEEM A-450, BLOCK - 3 GULSHAN-E-IQBAL6,503.00 KARACHI.0 Abbott 72 HAJI TAYUB ABDUL LATIF DHEDHI BROTHERS 20/21 GORDHANDAS714.50 MARKET0 KARACHI Abbott 95 MR. AKHTER HUSAIN C-182, BLOCK-C NORTH NAZIMABAD616.00 KARACHI0 Abbott 96 ZAINAB DAWOOD 267/268, BANTWA NAGAR LIAQUATABAD1,397.67 KARACHI-190 267/268, BANTWA NAGAR LIAQUATABAD KARACHI-19 Abbott 97 MOHD. SADIQ FIRST FLOOR 2, MADINA MANZIL6,155.83 RAMTLA ROAD0 ARAMBAG KARACHI Abbott 104 MR. RIAZUDDIN 7/173 DELHI MUSLIM HOUSING4,262.00 SOCIETY SHAHEED-E-MILLAT0 OFF SIRAJUDULLAH ROAD KARACHI. Abbott 126 MR. AZIZUL HASAN KHAN FLAT NO. A-31 ALLIANCE PARADISE14,040.44 APARTMENT0 PHASE-I, II-C/1 NAGAN CHORANGI, NORTH KARACHI KARACHI. Abbott 131 MR. ABDUL RAZAK HASSAN KISMAT TRADERS THATTAI COMPOUND4,716.50 KARACHI-74000.0 Abbott 135 SAYVARA KHATOON MUSTAFA TERRECE 1ST FLOOR BEHIND778.27 TOOSO0 SNACK BAR BAHADURABAD KARACHI. Abbott 141 WASI IMAM C/O HANIF ABDULLAH MOTIWALA95.00 MUSTUFA0 TERRECE IST FLOOR BEHIND UBL BAHUDARABAD BRANCH BAHEDURABAD KARACHI Abbott 142 ABDUL QUDDOS C/O M HANIF ABDULLAH MOTIWALA252.22 MUSTUFA0 TERRECE 1ST FLOOR BEHIND UBL BAHEDURABAD BRANCH BAHDURABAD KARACHI.
    [Show full text]
  • Zaka Ashraf the New PCB Chairman Taking Over the Helm in the Most Trying of Circumstances, Zaka Ashraf’S Start Has Been Quite Promising
    November-December 2011 ZAKA ASHRAF the new PCB Chairman Taking over the helm in the most trying of circumstances, Zaka Ashraf’s start has been quite promising aka Ashraf’s appointment as the 27th Chairman of the character what the principal protagonists in generating optimism amongst Pakistan Cricket Board came at a time, when Pakistan one and all. cricket was traversing a multitude of crises, and off-field Although the doubting Thomases obtained nourishment owing to matters shrouded anything and everything that the what was ostensibly an absence of a veritable link to on field matters, team conjured up on the field. He came with the task considering the fact that Mr. Zaka Ashraff was not a professional; but quite conspicuous there in front of him. He had to wipe his keenness a propos all things cricket and his management experience off the off-field turmoil and only then matters on the connotes that the man has all the dexterity to govern an enigma that field would have come to prominence. The new chairman’s appointment Pakistan cricket has evolved into. Mr Zaka Ashraf’s competence in Zbegot buoyancy for a score of reasons. Even though, the man might not management was divulged in his tenure at the helm of Zarai Taraqiati have been a former cricketer, but his association with the game and the requisite savoir fare was indubitable. The ability of the new chief and his Continued on page 20 Pakistan rout Led by our spinning repertoire, Pakistan conjured up their Bangladesh sixth ODI series win undoubtedly hold the most daunting spin attack up being the leading wicket-taker in the series on the bounce in the game.
    [Show full text]
  • Cssforum.Com.Pk Content Copyright © Jworldtimes.Com Jahangir World Times Published: January, 2013 Pakistan-Russia Cooperation A
    CSSForum.com.pk Content Copyright © jWorldTimes.com Jahangir World Times Published: January, 2013 Pakistan-Russia Cooperation Amidst Antagonism? Or just a geo-political shift … Despite being geographically contiguous, Pakistan and Russia have remained politically distant from each other during the last six decades. The framework of Cold War and the East-West confrontation defined relations between the two countries during that very period. GAZA Tuesday, January 01, 2013 This assessment of relations between Pakistan and Russia looks at the influence of South Asia and Central Asia's bilateral relations in a highly-charged and greatly-changed region on the pointed end of the futuristic post-2014 Afghanistan. Relationships between Pakistan and Russia will have important implications for the region's overall strategic picture in the years ahead. Two common elements emerge through a novel of bilateral relations between highly diverse nations seeking to escape the labyrinth. One common element is low politics in shape of economic interaction driven by global economic crisis powered by regionalism. The other is the high politics to deal with terrorism in the post-2014 (the withdrawal of the US forces from Afghanistan) approach. The regional bilateral relations sow the seeds of a multilateral approach based on the reciprocal benefits on equality basis. The question is whether cooperation bodes well for acceptance of the US politico-military leadership? Will such bilateral cooperation hurt the US interests in the region or the strategic diplomacy will be followed to balance the West with the East? In short, the central concerns of these analyses is how the Pakistan-Russia regional relationship affects, and are affected by, outside actors as well as themselves.
    [Show full text]
  • Jubilee Life Insurance Company Limited List of Shareholders Who Have Not Provided Copy of Their Valid CNIC to the Company Sr
    Jubilee Life Insurance Company Limited List of Shareholders who have not provided copy of their valid CNIC to the Company Sr. Folio No. Security Holder Name Father's/Husband's Name Addresses 1 14 DR. FAZAL M. ABREJO S/O MR. M. MUBIN C-41, I.T. OFFICER S COLONY, GARDEN, KARACHI. 2 23 MR. EJAZ AHED S/O MR. M.A. AHED D-222/2, K.D.A. SCHEME NO.1-A EXTENSION, KARACHI-75350. 3 25 MR. M. MAHBOOB AHMAD S/O LATE K.S. MANZUR WAHID 132, UPPER MALL SCHEME, LAHORE. 4 27 MR. RAFI-UDDEEN AHMAD S/O COL. T.D. AHMAD H.3-A, ST-32, F-8/1, ISLAMABAD. 5 39 MR. MASOOD AHMED S/O MR. MOHAMMAD AHMED 164/A, F-10/1, STREET # 36, ISLAMABAD. 6 41 MR. MOHD SIDDIQ AHMED S/O LATE AHMED ABDUL KARIM C/O AMERICAN PRESIDENT LINES, EBRAHIM BUILDING, WEST WHARF, KARACHI. 7 42 MRS. AISHA AHMED W/O MR. PERVEZ NOON SUITE 406-408,4TH FLOOR, AL-FALAH BUILDING, SHAHRAH-E-QUAID-E-AZAM, LAHORE. 8 43 MR. MUMTAZ AHMED S/O MR. MAQBOOL AHMED 74/1-A, LALAZAR, M.T. KHAN ROAD, KARACHI. 9 48 MR. SULTAN AHMED S/O MR. MOHIEDEEN KHAN D-42, BLOCK-IV, KEHKASHAN CLIFTON, KARACHI-75600. 10 87 MR. MOHAMMAD ASLAM S/O MR. MOHAMMAD MUSLIM (LATE) NO.77, B.M.C.H. SOCIETY, BLOCK 7 & 8, SHAHEED-E-MILLAT ROAD, KARACHI. 11 91 MST. SARA F. AZFAR E/O KAMAL AZFAR SINDH GOVERNOR S HOUSE, KARACHI. 12 99 MR.
    [Show full text]
  • WINNERS of the 33Rd CORPORATE EXCELLENCE AWARDS and CERTIFICATES
    WINNERS OF THE 33rd CORPORATE EXCELLENCE AWARDS AND CERTIFICATES INDUSTRIAL CATEGORY AMIR S. CHINOY - CORPORATE EXCELLENCE AWARD: INDUS MOTOR COMPANY LIMITED SECTOR-WISE AWARDS PAKISTAN TOBACCO COMPANY LTD. TOBACCO MARI PETROLEUM COMPANY LTD. OIL & GAS EXPLORATION COMPANIES AL-GHAZI TRACTORS LTD. AUTOMOBILE ASSEMBLERS THAL LIMITED AUTOMOBILE PARTS AND ACCESSORIES PAKISTAN INTERNATIONAL CONTAINER TERMINAL LTD. TRANSPORT LUCKY CEMENT LTD. CEMENT FAUJI FERTILIZER COMPANY LTD. FERTILIZER ABBOTT LABORATORIES (PAKISTAN) LTD. PHARMACEUTICALS ARCHROMA PAKISTAN LTD. CHEMICAL CHERAT PACKAGING LTD. PAPER AND BOARD COLGATE-PALMOLIVE (PAKISTAN) LTD. PERSONAL CARE PRODUCTS K.S.B. PUMPS COMPANY LTD. ENGINEERING SHIFA INTERNATIONAL HOSPITALS LTD. MISCELLANEOUS CORPORATE EXCELLENCE CERTIFICATES MILLAT TRACTORS LTD. AUTOMOBILE ASSEMBLERS ATLAS BATTERY LTD. AUTOMOBILE PARTS AND ACCESSORIES ATTOCK CEMENT PAKISTAN LTD. CEMENT HIGHNOON LABORATORIES LTD. PHARMACEUTICALS BIAFO INDUSTRIES LTD. CHEMICAL SECURITY PAPERS LTD. PAPER AND BOARD FINANCIAL CATEGORY CORPORATE EXCELLENCE AWARD: JUBILEE GENERAL INSURANCE COMPANY LTD. SECTOR-WISE AWARDS ALLIED BANK LTD. COMMERCIAL BANKS JUBILEE LIFE INSURANCE COMPANY LTD. INSURANCE ORIX LEASING PAKISTAN LTD. LEASING ORIX MODARABA MODARABAS EFG HERMES PAKISTAN LTD. INVESTMENT BANKS/INVESTMENT CO./SECURITIES CO. ATLAS STOCK MARKET FUND MUTUAL FUNDS CORPORATE EXCELLENCE CERTIFICATES EFU LIFE ASSURANCE LTD. INSURANCE FIRST HABIB MODARABA MODARABAS ARIF HABIB LTD. INVESTMENT BANKS/INVESTMENT CO./SECURITIES CO. ALFALAH GHP STOCK FUND / ALFALAH GHP ALPHA FUND MUTUAL FUNDS NOT-FOR-PROFIT SECTOR CORPORATE EXCELLENCE CERTIFICATES SHAUKAT KHANUM MEMORIAL CANCER HOSPITAL & RESEARCH CENTRE THE CITIZENS FOUNDATION THE LAYTON RAHMATULLAH BENEVOLENT TRUST .
    [Show full text]
  • December Annual Accounts
    Code of Conduct Our Integrity guides our conduct towards our policyholders, participants, colleagues, shareholders and the general public. This principle constitutes the foundation of our code of conduct and ethics as under: • Compliance with law and the legal system is a fundamental principle for Jubilee. Every employee, agent and director shall obey the laws and regulations of the legal systems in letter and spirit within which he / she acts. Regardless of the sanctions foreseen by the law, any director, employee or an agent guilty of a violation will be liable to disciplinary consequences related to such violation. • Respect for personal integrity, privacy and personal right of every individual is a fundamental principle. We work together with individuals of various backgrounds, ethnic types, different cultures, gender, religions, ages and disabilities. • We compete fairly with the quality and the price of our innovative products and services, not by offering improper benefits to others. Employees are not permitted to use their jobs to solicit, to demand, accept, obtain or be promised advantages. • Jubilee does not make political contributions (donations to politicians, political parties or political organizations). As a responsible member of society and a good corporate citizen, Jubilee makes donations for education, health, and social and humanitarian projects. • It is Jubilee’s objective to conduct business with reputable clients and business partners who are involved in lawful business activities. We do not facilitate money laundering. • It is the duty of Jubilee employees to make business decisions in the best interest of Jubilee Insurance and not based on their personal interest. • Jubilee employees are obligated to protect all assets of the Company, including intangible assets and software products, and use these properly only for the benefit of the Company.
    [Show full text]
  • Buddhist & Gandhara Civilization the Cultural Nexus Between Pakistan
    International Seminar on Buddhist and Gandhāra Civilisation: The Cultural Nexus between Pakistan and Sri Lanka (11th March 2019) Organizing Committee Mr. Intisar Ahmad Sulehry First Secretary/Press Attaché High Commission of Pakistan, Colombo Mr. Adnan Younis Lodhi Commercial Secretary High Commission of Pakistan, Colombo Ven. Moragaswewe Vijitha Coordinator Buddhist and Pali University Assisted by Mr. Kashif Mahmood Cheema High Commission of Pakistan, Colombo 1 Foreword/Special Message Pakistan and Sri Lanka enjoy special relations. We share a glorious past. We also enjoy cultural commonalities and converging interests in the present. Our young and dynamic peoples are moving into a peaceful and prosperous tomorrow, under the guidance of democratic leadership in both countries. In addition to this International Seminar, the Government of Pakistan has undertaken numerous initiatives in Sri Lanka to further cement the bond of brotherhood between our peoples including establishing the Pakistan Pavilion at the International Buddhist Museum, Kandy, and organizing visits of senior most monks, religious scholars, and academicians to Pakistan, the facilitation of the exposition of Lord Buddha’s sacred relics in Sri Lanka from Taxila, the publishing of a Sinhala translation of the book on Pakistan’s Gandhāra Heritage etc. It is pertinent to highlight that efforts are also underway to establish ‘Taxila, Gandhāra Civilisation Studies Centre’ at the University of Colombo, Sri Lanka, under the initiative of the Pakistan-Sri Lanka Higher Education Cooperation launched by the Higher Education Commission of Pakistan. The people of Sri Lanka are close to the hearts of the people of Pakistan. Similar sentiments prevail in this beautiful land about their Pakistani brothers and sisters.
    [Show full text]
  • 01-Jubilee Life June 2020.FH10
    Table of Contents Profile 02 Vision, Mission & Core Values Our Company 03 Company Information 07 Directors Review (English) 09 Directors Review (Urdu) Financial Data 11 Independent Auditors Review Report 12 Condensed Interim Statement of Financial Position 13 Condensed Interim Profit and Loss Account 14 Condensed Interim Statement of Comprehensive Income 15 Condensed Interim Cash Flow Statement 17 Condensed Interim Statement of Changes in Equity 18 Notes to the Condensed Interim Financial Information 45 Statement of Directors 46 Statement of Appointed Actuary Window Takaful 48 Condensed Interim Statement of Financial Position Operations 49 Condensed Interim Profit and Loss Account 50 Condensed Interim Statement of Comprehensive Income 51 Condensed Interim Cash Flow Statement 52 Condensed Interim Statement of Changes in Equity 53 Notes to the Condensed Interim Financial Information Branch Network 74 Branch Network opy Certified True C assan Janjua Ul H ecretary ajam pany S N Com HALF YEARLY REPORT JUNE 30, 2020 01 HALF YEARLY REPORT JUNE 30, 2020 Company Information BOARD OF DIRECTORS Kamal A. Chinoy John Joseph Metcalf Independent Non-Independent Non-Executive Director Non-Executive Director (Chairman) R. Zakir Mahmood Shahid Ghaffar Non-Independent Independent Non-Executive Director Non-Executive Director Saba Kamal Sultan Ali Allana Independent Non-Independent Non-Executive Director Non-Executive Director Javed Ahmed Sagheer Mufti Managing Director & Chief Executive Officer Non-Independent (Executive Director) Non-Executive Director Amyn Currimbhoy Independent Non-Executive Director BOARD COMMITTEES Audit Committee Risk Management Committee Amyn Currimbhoy Chairman John Joseph Metcalf Chairman John Joseph Metcalf Member R. Zakir Mahmood Member Shahid Ghaffar Member Shahid Ghaffar Member Adeel Ahmed Khan Head of Internal Sagheer Mufti Member Audit/Secretary Javed Ahmed Member Finance & Investment Committee Zahid Barki Member Shahid Ghaffar Chairman Shan Rabbani Secretary John Joseph Metcalf Member Technical Committee R.
    [Show full text]
  • Mcqs for CSS, PMS, NTS
    Day by Day Current Affairs (February 12, 2018) | MCQs for CSS, PMS, NTS WELCOME TO CSS TIMES DAY BY DAY CURRENT AFFAIRS, YOUR BEST SOURCE FOR UP-TO-DATE AND DAILY TOP CURRENT AFFAIRS 2017 FOR PREPARATION OF CSS, PMS, BANKING, NTS, RAILWAYS AND ALL COMPETITIVE EXAMS. “DAY TO DAY CURRENT AFFAIRS” BASICALLY IS TOP 10 NEWS SUMMARY ON CURRENT HAPPENINGS OF NATIONAL AND INTERNATIONAL IMPORTANCE FOR ALL EXAMINATIONS February 12, 2018 (Day by Day Current Affairs 2018) 1. Pakistan bans groups on UNSC terror list The federal government has amended the Anti-Terrorism Act and the president of Pakistan has issued an ordinance for this amendment. The amendment has been brought to declare as terrorist the organisations that have been declared as such by the United Nations Security Council. Now the government will be able to take action against these organisations with this amendment. After approval by the president, the Law Ministry has issued the ordinance which has added an article in the Anti-Terrorism Act 1997. The ordinance was to be issued because the National Assembly and the Senate were not in session. 2. Drone strike kills six Al Qaeda suspects in Yemen A drone strike killed six suspected Al Qaeda militants in central Yemen on February 11, 2018. The US military is the only force known to operate armed drones over Yemen. `An unmanned drone likely American bombed the group`s vehicle in the area of Qayfa, where Al Qaeda is active. 3. IMF chief warns of deeper poverty if jobs not created IMF chief Christine Lagarde gave a clarion call for countries to create the required environment for job creation, warning that unemployment can trigger dangers of youth radicalisation and deeper poverty.
    [Show full text]