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Provided that, in the case of an emergency affecting the business of the company, the registrar may, on the application of the directors, authorize such meeting to be held at such shorter notice as he may specify. A proforma statement of account showing net balance payable/receivable signed by the manager or an authorised officer of the applicant company duly confirmed by the surfacehanoi beneficiary. Rupee Policies cannot be assigned by a resident in Pakistan to a non-resident except with the prior approval of the State Bank. Foreign currency policies held by foreign nationals may, however, be assigned to non-residents without State Bank's approval. The Exchange regulations governing insurance business entered into in Pakistan are set out in this chapter.

Insurance cover on assets outside Pakistan owned by residents of Pakistan can be issued in Rupees or in the currency of the country in which the assets are situated. Shipments between two countries outside Pakistan financed by a person or firm in Pakistan with the permission of the State Bank, can be insured in Rupees or in foreign currency. Life and Endowment policies fall within the definition of securities and cannot be taken or sent out of Pakistan without the prior approval of the State Bank. Application for export of life policies should be made to the State Bank giving full description of the policy and reasons for its export. Insurance policies on the lives of Pakistanis resident in Pakistan can be issued only in Rupees.

Claims on Rupee policies can be paid in Rupees only even in cases where the beneficiary is a non-resident. EFU believes that the key financial statistics Thomo67.tv can help the stakeholders in making necessary investment decisions. This is vital for building healthy relations to enhance our financial lifeline.

Demonstrate effectively practicing of overall functional business knowledge and ability to identify and interpret essential business concepts, principles and skills. Identify core organizational values and understand the issues of ethical and social diversity and demonstrate the ability to propose feasible solutions to these issues. In addition to the above requirements, the directors of a holding company are required to make out and attach to consolidated financial statements, a report with respect to the state of group’s affairs. Exchange facilities for reinsurance will be given only to branches or offices of insurance companies in Pakistan doing business on their own account. Such facilities will not be given to agents of non-resident companies who book business on account of the non-resident companies. Claims arising under the policies covering exports from Pakistan are payable to the shippers in cases where the proceeds have not been realised from the overseas importers.

Products & Services

Where the beneficiary is a non-resident, the claim can, with the permission of the State Bank, be paid in the currency in which the policy is issued. Invoice relating to shipment duly endorsed by the Authorised Dealer, Bill of Lading, Bill of Entry and Bank's certificate showing repatriation of un-utilised amount, if any, shall be submitted to the State Bank within 4 months from the date of payment to the overseas suppliers. Insurance cover on non-marine risks inside Pakistan can be issued in Rupees only. Nothing in this paragraph shall affect the operation of the warehouse clause in marine insurance policies.

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Where the payments have been received by the shippers, the claim can be paid to the overseas importers. Imports into Pakistan are required compulsorily to be insured in Pakistan with companies operating in Pakistan. It is not permissible to issue marine policies covering imports into the country in currencies other than Rupees. Reinsurance premia on policies issued and reinsured on or after Gửi hàng đi Mỹ tại TPHCM Dragon Express 25th May, 1973 for sums over Rs. 3.5 lacs in respect of death risk only. National Insurance Company Limited is authorised to issue foreign currency policies against imports financed by P.I.C.I.C./I.D.B.P. Premia on Rupee life policies held by Pakistanis resident abroad must be received either by remittance from abroad or out of Rupees held in the non-resident account of the policy holder.

Enhancing The Competitiveness Of Pakistans Domestic Fan Industry

In the case of foreign nationals, the remittance of maturity proceeds/surrender value of Rupee policies held by them, can be allowed only with the prior approval of the State Bank as indicated in preceding paragraph 3. Application for this purpose should be made in the prescribed form (Appendix V-51). BBA graduates are expected to communicate effectively and professionally and to demonstrate the ability to create written and oral statements for diverse audience across the world. Demonstrate the ability to identify and evaluate relevant information for decision making and make use of thinking skills to assess the information and solve problems in uncertain environments. Understand the importance of team work and group dynamics in achieving organizational goals and demonstrated ability to work effectively in teams. Understand various leadership styles and demonstrated ability in exercising these styles according to the requirement of the situation.