PICIC Insurance Limited (PIL)

PICIC Insurance Limited reported an un-audited net loss after tax of PKR 2.016 million (loss per share of PKR 0.06) for the half-year ended June 30, 2026, compared to a net loss of PKR 11.243 million in the same period last year. The external auditors issued an adverse review report citing going concern issues, negative equity, and non-compliance with minimum paid-up capital and solvency requirements, alongside an ongoing Sindh High Court-approved merger process with Crescent Star Foods.

PICIC Insurance Limited reported its financial results for the half year ended June 30, 2026, showing a reduced net loss after tax of PKR 2.016 million compared to a loss of PKR 11.243 million in the same period last year. The Board of Directors recommended no cash dividend, bonus shares, or right shares for the period.

PICIC Insurance Limited has announced that a meeting of its Board of Directors will be held on August 21, 2026, to consider the Half Yearly Accounts for the period ended June 30, 2026. A closed period is in effect from August 15, 2026, to August 21, 2026.