SLIC sale option opens after Senate backs reform bill
The measure, already cleared by the National Assembly, updates 1972 nationalisation rules so State Life can become a company without locking in any sale.
The Senate on Thursday approved eight bills, led by the Life Insurance (Nationalisation) (Amendment) Bill, 2026 on State Life.
The National Assembly had already backed the measure, which revises the 1972 nationalisation order so SLIC can operate as a company.
Officials stress the text only clears legal hurdles; it is not itself a privatisation or divestment decision.
Policyholder protections and staff terms, including retirement benefits, are meant to continue through any transition.
Senators also heard Balochistan gas concerns and adopted a population-growth resolution moved by Sherry Rehman.