Prominent Businessman Mian M. A. Shahid Elected Chairman of Apna Micro Finance Bank Ltd.

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Former Chairman Apna Microfinance Bank Limited Mr. Qamar Zaman presenting bouquet to Mian M. A. Shahid on being elected the new Chairman

Lahore (Commerce Reporter): The Chairman of United International Group, and a renowned businessman, Mian M.A. Shahid has been elected as Chairman of Apna Micro Finance Bank Limited in 75th Board Meeting held on 23.09.2016 at Lahore.

The Meeting was Presided over by then Chairman Qamar Zaman and the Board of Directors unanimously elected Mian Muhammad Akram Shahid as a Chairman for the next three years.

Mian M.A. Shahid is the prominent business figure of the country and a Chairman of United International Group, comprises of the fourth largest insurance company of Pakistan, The United Insurance Company of Pakistan Ltd., United Track System (Pvt) Ltd. United Software and technologies international, Tawasul Healthcare TPA (Pvt.) Ltd and others. Under the leadership of M.A.Shahid UIG group also look after various Companies outside Pakistan mainly Tawasul in Abu Dhabi, Euro City Insurance Co Ltd in Cyprus. Alba Insurance Corredor-DMCC, in Dubai and Union Insurance Brokers working in Ankara, Turkey. Mian M. A. Shahid also look after SPI Insurance Company Limited another Insurance growing day by day who has been recently awarded the Lifetime Achievement Award by the Governor of Punjab for his valuable services in the field of business. After his election, Mian M. A. Shahid thanked all the Directors. On this occasion he expressed his resolve that he would use best of his abilities to take all possible measures for bank operation, its expansion and in the interest of the consumers and swiftly expand the scope of the Bank in order to take it to the maximum grass root level so that job opportunities are created through micro-financing for alleviating poverty and raising awareness. He also expressed his optimism that in the times to come Apna Bank Limited will play its positive role for the betterment of the country’s economy.

On this occasion all the Board members appreciated the measures and efforts taken by the outgoing chairman Mr. Qamar Zaman and hoped that the new chairman will also perform his duties with same zeal and commitment. At the end of the event, retiring Chairman Qamar Zaman and other directors presented a bouquet to the newly elected chairman Mian M.A. Shahid.

Call to revive troubled dairy industry

Islamabad—Chairman of the United International Group Mian Shahid on Sunday asked the government to take steps to revive dairy industry which is facing problems due to increased cost of inputs.

Additional cost of inputs has pushed the vibrant dairy sector into crisis as the cost of doing business has increased by seven percent, he said.

Canadian companies being encouraged to explore trade opportunities in Karachi

High Commissioner of Canada Heather Cruden has said that Canadian companies are being encouraged to visit Karachi in order to explore trade and investment opportunities in this region.

SECP registers first third party administrator for health insurance

ISLAMABAD – November 17, 2015 – The Securities and Exchange Commission of Pakistan (SECP) has registered country’s first third party administrator for health insurance services.

A Third Party Administrator (TPA) is a business unit that through efficient technological processes provides effective claim administration on behalf of insurers. The SECP had recently issued the Third Party Administrators for Health Insurance Regulations, 2015 for developing health insurance business in Pakistan.

Sad demise of Mr. Z. H. Zuberi, Deputy Managing Director & Company Secretary of The United Insurance Co of Pakistan Ltd & Deputy Managing Director of Corporate Affairs of United International Group

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Mr. Z.H. Zuberi
April 5, 1966 – November 11, 2015

With profound sorrow and deep regret to inform that our Deputy Managing Director & Company Secretary Mr. Z.H. Zuberi has departed for his heavenly abode.

(إِنَّا للهِ وَإِنَّـا إِلَيْهِ رَاجِعونَ‎)

He tirelessly served the Company for exactly 49 years as he joined United Insurance Co of Pakistan Ltd in 1966. It is not possible to express our gratitude to his services to the Company in words, his life is role model for everyone as he was honest, dedicated, devoted, disciplined, and a learned person. He was asset for the Group. We salute his long and unforgettable association with United International Group. May Allah rest his soul in peace in Janatul Firdous and give the family the strength and patience to accept this huge loss.

Ameen!

RTC on “Pakistan, Paradise for Investment”

Pakistan’s leading newspaper Pakistan Observer arranged a Mega Round Table Conference (RTC) on September 8, 2015 with the collaboration of Board of Investment (BoI) of Pakistan. The United Insurance Company of Pakistan Ltd. is one of the Gold Sponsor’s of this event. President of Pakistan, H.E. Mr. Mamnoon Hussain was the Chief Guest of the Conference and Federal Finance Minister, Senator Muhammad Ishaq Dar was the key speaker of the event. Foreign delegates and dignitaries also attended the Conference. From UIC Mr. M. A. Shahid, Chairman of United International Group attended the conference.

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