LAHORE: Governor of Punjab Chaudhry Muhammad Sarwar has awarded United International Group (UIG) for its remarkable services in the field of insurance and banking.
UIG won the best achievement award for the year 2013 for promotion of banking and insurance in Pakistan and abroad, said a press release issued here on Monday.
The award was accorded by Governor Punjab Chaudhry Muhammad Sarwar in a simple but impressive ceremony held at Governor House Lahore.
CEO of the United Insurance Company (UIC) Rahat Sadiq received the award on behalf of Mian Shahid, Chairman of UIG as he was abroad.
Chaudhry Sarwar lauded the leadership of Mian Shahid and the services of UIG while stressing on provision of insurance cover and banking facilities to maximum number of people.
It may be mentioned that Mian Shahid, an insurance veteran, took a modest company to become a multinational group within years with the help of a motivated workforce.
The conglomerate which comprises of UIC, Apna Microfinance Bank, SPI Insurance, United Track System, Tawasul Insurance Services Abu Dhabi and others has plans for more acquisitions in Pakistan and Middle East.
According to Mian Shahid insurance has become an essential element which provides security to people and businesses hence strengthening economy and the society.