months after the Independence of Pakistan, in
October 1947 a group of well renowned and highly
motivated Muslim League party members established
The Pakistan Life and General Insurance Company.
The organization was the first insurance company
to be incorporated in Pakistan.
In 1972, the Government of Pakistan nationalized
various financial sectors including Life Insurance;
thus the life sector was separated from The Pakistan
Life and General Insurance Company. The conglomerate’s
name was thus changed to The Pakistan General
Insurance Company Ltd.
In 1988, the majority shares of The Pakistan General
Insurance Co. Ltd were bought by Mr. Ch. Zahoor
Ahmad. Mr. Ahmad, with an experience of over 39
years in the sector, has been a pioneer in the
development of the Pakistani insurance industry.
He currently holds the designation of the chief
executive officer. The Insurance ‘Guru’
has also worked in the senior management of various
insurance companies and the insurance association
The organization, under the leadership of Mr.
Ahmad, has gone through various phases of development
which includes setting up of a nation wide branch
network, business development with world class
reinsurers, electronic branch linkage, and introduction
of sophisticated IT insurance software and so
In 1995 the shares of The Pakistan General Insurance
Co. Ltd were formally floated on stock exchange.
Currently the organization is enlisted on all
the Stock Exchanges of Pakistan and providing
cover to the great nation of Pakistan in all general
classes of insurance.