ISLAMABAD: The government has announced to revamp State Life Insurance Company (SLIC), by modernising it.
Chairing a meeting to review State Life’s performance, Finance Minister Ishaq Dar said the government would extend all possible support to SLIC for structural reforms aimed at quality service delivery as well as encourage participation by the private sector.
It may be mentioned that privatisation of SLIC is on the agenda. Dar said after achieving macroeconomic stability the government is now focused on growth, and in this regard entities like SLIC have a key role to play.
SLIC Chairperson Nargis Ghaloo briefed the finance minister about the financial profile of the corporation. State Life’s investment portfolio encompasses government securities, TFCs/approved government securities, equities, bank deposits, investment properties and policy loans.
