Introduction

Sindh is one of the provinces of Pakistan and historically home to the Sindhi people. It is also locally known as the “Mehran” and has been given the title of Bab-ul-Islam (The gateway of Islam). As per last conducted Census of Pakistan indicated a population of 50 million. Just under half of the population are urban dwellers, mainly found in Karachi, Hyderabad, Sukkur, Mirpurkhas, Nawabshah District, Umerkot and Larkana. Sindhi is the sole official language of Sindh since the 19th century. Sindh is the 2nd most populous entity after Punjab. The provincial capital of Sindh is Karachi. The government is presided over by the Chief Minister of Sindh.

On April 20, 2010, Pakistan’s parliament passed a landmark consensus constitutional amendment to restore Pakistan’s constitution to its original intent of a decentralized federation of provinces. Sindh Bank Limited was established on October 29, 2010 and commenced banking business in April, 2011 . It was a success story. Thereafter, the Government of Sindh (GOS) took another leap forward by launching the formation of Sindh Leasing Company Limited, Sindh Modaraba Management Limited and Sindh Insurance Limited. Sindh Insurance commenced its business on September 22, 2014 and was launched in order to cater insurance need for huge assets owned and financed by GOS and its autonomous bodies. Sindh Leasing was merged into Sindh Bank on December 31, 2020. Sindh Insurance is an unlisted public company and is engaged in non-life insurance business comprising of fire, marine, motor, aviation, engineering, transportation, accidental and health, etc. In 2016, Sindh Insurance also commenced Window Takaful Operations (WTO).