Finance Minister chairs meeting to review performance and overall working of State Life Insurance Corporation of Pakistan

Islamabad, March 19, 2016 (PPI-OT): Finance Minister, Senator Mohammad Ishaq Dar here on Saturday chaired a meeting to review the performance and overall working of the State Life Insurance Corporation of Pakistan (SLIC). Federal Minister for Commerce, Khurram Dastagir was also present on the occasion.

Chairperson SLIC, Nargis Ghaloo briefed the meeting about the financial profile of the corporation and dilated on its investment portfolio which encompasses Govt. Securities, TFCs/Approved Govt. Securities, Equities, Bank Deposits, Investment properties and Policy Loans.

Chairperson SLIC also briefed the meeting on the efforts for enhancing the performance and improving service delivery. She said that several structural reforms are being carried out in the Corporation to achieve these objectives and bring it at par with international standards.

The Finance Minister on this occasion said that the government after achieving macroeconomic stability is now fully focused on growth. He said entities like SLIC have a key role in promoting investment and growth. The present government intends to reform and modernize SLIC to enable it play the same role for facilitating economic growth in the country. He said the government would extend all possible support to SLIC for structural reforms aimed at quality service delivery as well as encouraging participation by the private sector.

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