20 long-form profiles of PSX companies beyond the KSE-100 — mid-tier banks, the JS and Dawood houses and Pakistan's heritage insurers: histories, owners and business models. Educational content only, not financial advice. Continue with the previous page, the first market guides or the 44 Learn guides.
Soneri Bank was incorporated in 1991, is anchored at Lahore's Rupali House, runs conventional and Mustaqeem Islamic branches, and trades on the PSX as SNBL.
Created by provincial law in 1991, majority-owned by Government of Khyber Pakhtunkhwa and listed in 2006, the Bank of Khyber blends commercial and development banking.
BankIslami took the first Islamic licence under the 2003 policy, opened in 2006, absorbed KASB Bank in 2015 and now sits inside the JS Group as BIPL on the PSX.
JS Bank was incorporated in 2006 from Jahangir Siddiqui Investment Bank and American Express Bank's Pakistan business, and grew into a retail bank listed as JSBL.
Once Crescent Commercial Bank, bought by Samba in 2007 and now majority-owned by Saudi National Bank, SBL is a small, trade-led bank trading as SBL on the PSX.
From Arif Habib's 1970 broking start, AHL became the group's listed brokerage and investment bank in 2005, dealing in equities, research and capital-raising on the PSX.
Founded by Jahangir Siddiqui in 1971, JSCL is the listed holding company above JS Bank, BankIslami, JS Investments and JS Global, trading on the PSX as JSCL.
Founded in 1995 inside the JS financial empire and listed since 2007, JS Investments runs the mutual funds, pensions and REITs millions of savers meet first.
Incorporated in 2009 and listed in 2012, Next Capital pairs Karachi equity brokerage with a corporate-finance desk — and now a fintech app for first-time investors.
Born in 1986 as ORIX Leasing Pakistan and renamed in 2022, OLP is the leasing pioneer that taught Pakistan's small businesses to finance machinery and vehicles.
Incorporated in Calcutta on 2 September 1932 as Eastern Federal Union, EFU General is Pakistan's oldest general insurer — and now the parent of EFU Life.
Licensed in November 1992 as Pakistan's first private life insurer after nationalisation, EFU Life built unit-linked savings — then scaled Hemayah family takaful.
Incorporated by the Fancy family in 1953 and listed in 1955, Jubilee General is the Aga Khan fund-backed general insurer counted among Pakistan's big three.
Incorporated in June 1995 and trading since 1996, Jubilee Life is the Aga Khan fund's life arm — a bancassurance leader that added family takaful in 2015.
Established by the Habib family in Bombay in 1942 and moved to Karachi at Partition, Habib Insurance is the House of Habib's general insurer — still writing today.
Incorporated in 1953 as IGI Insurance and renamed in 2018, IGI Holdings is the Packages Group's listed holding company above its general, life and securities arms.
Askari General Insurance, the Army Welfare Trust's non-life insurer since 1995, writes fire, marine, motor and health cover from its Rawalpindi headquarters.
Pakistan Reinsurance is the country's sole reinsurer, heir to the 1952 Pakistan Insurance Corporation, standing behind every local insurer's biggest risks.
Al-Ghazi Tractors, privatised to Al-Futtaim in 1991, builds New Holland tractors at Dera Ghazi Khan — one of two names that mechanised Pakistan's farms.
Hinopak Motors, formed in 1985 and majority-owned by Japan's Hino and Toyota Tsusho since 1998, assembles the trucks and buses that move Pakistan's freight.
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