History of the Firm

100th of the The Akhtar & Hasan Letter

Expectation of life under State Life 2001- 2005 Mortality Table

Advice of an actuary required from 31 Dec 2012 onwards

“Auto enrolment” in UK Workplace Pension Schemes from 1 Oct 2012

Minimum tax on service companies @6% of gross has been withdrawn

Tax credit on life insurance premiums

The sinking rupee

Sindh Minimum Wages Board proposes to recommend Minimum Wage 7,000 p.m

N.S.S yields raised from 1 Oct 2010

Changes in EOBI from 1 July 2010

Saiyid Rehan Hasan Naqvi (1925-2010)

Two innovations: National Savings Bonds (NSB's) and Electronic Bond Trading Platform (EBND)

The importance of exercise: London's bus drivers had twice the rate of heart disease, compared with bus conductors

Mr S.S. Akhtar died on 11 Jul 2009

Sharp fall in KIBOR; rise in share prices

Pakistan inflation is more than 20% pa, for the first time after FY 1975

From 1st July 2008, tax free employer contributions to Provident Funds limited to Rs 100,000 pa

To encourage savings and economic growth, new Pakistan government must control the deficit and reduce inflation

In 50 years, Pakistan rupee down to less than three paisas.

Rise in Pakistan Stock Market mostly due to increased corporate earnings

Early Bird Seminar on "Looming Old- Age Crisis for Retired Pakistanis"

Can Provident, Pension and Gratuity Funds now invest in National Savings Schemes? Clarification by Central Directorate of National Savings

National Savings Schemes re-opened to "institutions"

Retrograde change in EOBI law

SECP's expense limits for With Profits and unit-linked life insurance policies

"Service charges" reduced on RIC's and Pensioners'/Bahbood

The Finance Bill, 2005, proposes a welcome simplification in EOBI.