Details of Job Advertisement by Pakistan Reinsurance Company Limited 18-Oct-2026

This job was posted on 18-Oct-2026 and has a last application date of 02-Nov-2026.

Pakistan Reinsurance Company Limited (PRCL) – Vacancy Announcement

Position: Chief Executive Officer (CEO)

Organization: Pakistan Reinsurance Company Limited (PRCL), Karachi
Sector: State-Owned Enterprise (SOE)
Administrative Control: Ministry of Commerce, Government of Pakistan

1. About the Organization

Pakistan Reinsurance Company Limited (PRCL) is a State-Owned Enterprise operating under the administrative control of the Ministry of Commerce, Government of Pakistan. It is the sole reinsurance company operating in Pakistan. PRCL is seeking accomplished, ethical, and commercially astute leaders to lead this nationally significant institution. The CEO will be responsible for strengthening Pakistan's reinsurance capacity, modernizing business operations, and delivering sustainable value under a performance-based contract. The appointment will be governed by the State-Owned Enterprises (Governance and Operations) Act, 2023 and the State-Owned Enterprises (C-Level Appointments) Guidelines, 2024.

2. Position Details

3. Minimum Qualification Requirements

The candidate must possess either of the following:

Option (i):

• A graduate degree (16 years of education) in Business Administration, Public Administration, Finance, Commerce, Marketing, or equivalent, from an institution recognized by the Higher Education Commission (HEC), or a foreign qualification of equivalent level duly recognized by HEC; OR

• Membership of a recognized body of professional accountants.

OR

Option (ii):

Any one of the following:

• (a) ACII/FCII qualification;

• (b) Associate or Fellow of the Institute of Actuaries (UK) or Society of Actuaries (US), or equivalent qualification as recognized by the Pakistan Society of Actuaries;

• (c) Master's degree in Insurance, Risk Management, or Actuarial Sciences from an HEC-recognized university.

4. Minimum Experience Requirements

The candidate must have at least ten (10) years of demonstrable experience in one or more of the following areas:

1. Governance, business administration, finance, commerce, marketing, or any other field relevant to the role, in a well-known organization with a commercial orientation; OR

2. As Chief Executive in a senior management position in similar organizations with commercial attributes; OR

3. As a member of the governing body of a professional institute or head of a department.

Important Note: Out of the required 10 years of experience, at least five (5) years must be as a Key Officer, Director, Chief Executive, or Principal Officer in the insurance industry, or as an officer with the Insurance Regulator, in accordance with the Insurance Companies (Sound and Prudent Management) Regulations, 2012.

5. Roles and Responsibilities

Detailed job description, role, and responsibilities are available on the official website: www.pakre.org.pk

6. Important Notes

1. Application Submission: Eligible applicants are required to submit their detailed CVs, along with the prescribed application form (downloadable from www.pakre.org.pk), affidavit, and supporting documents (including copies of educational qualifications and relevant experience certificates) to the address mentioned below, within fifteen (15) days from the date of publication of this advertisement. Incomplete or late submissions shall not be entertained.

2. Further Details: Details regarding the role, application process, eligibility criteria, and the complete list of documents required for submission are available on the official website: www.pakre.org.pk. Applicants are advised to regularly visit the website for updates and clarifications.

3. Shortlisting: Only shortlisted candidates shall be contacted and invited for the interview. No TA/DA shall be admissible for attending the interview or any stage of the recruitment process.

4. Fit and Proper Criteria: The candidate must fully comply with the Fit and Proper Criteria as outlined in Schedule-IV of the State-Owned Enterprises (Governance and Operations) Act, 2023, and the Insurance Companies (Sound and Prudent Management) Regulations, 2012, issued by the relevant regulatory authorities.

5. Right to Reject/Amend: PRCL reserves the right to accept or reject any application, or to postpone, amend, or cancel the recruitment process at any stage, without assigning any reason or incurring any liability. No claim whatsoever shall be entertained in this regard.

6. Citizenship: No person shall be appointed as CEO unless he/she is a citizen of Pakistan. Dual nationals are not eligible, and such applications shall not be considered.

7. Appointment Process: The appointment process, including shortlisting, interviews, evaluation, and final selection, shall be conducted strictly in accordance with the provisions of the State-Owned Enterprises (Governance and Operations) Act, 2023, the relevant rules and policies issued thereunder, including the State-Owned Enterprises (C-Level Appointments) Guidelines, 2024, and any other applicable laws, rules, regulations, or directives issued by the competent authorities from time to time.

8. Clarifications: For any clarification, query, or in case of any ambiguity regarding this advertisement or the application process, applicants may contact via email at careers@pakre.org.pk, or through the contact numbers and address provided below.

7. Contact Information

HR Department
Pakistan Reinsurance Company Limited
Phone: 021-99202928 Ext: 245 or 281
Email: careers@pakre.org.pk
Address: PRC Tower, 32-A Lalazar Drive, M.T. Khan Road, Karachi