Pakistan Reinsurance Company Limited
State of Investment Income
for the Half Year ended June 30, 2003 (Unaudited)
For Six Months ended June,03 For Six Months ended June,02 For Three Months ended June,03
Rupees Rupees Rupees
Income from non-trading investment
Held to maturity investments
Return on government securities 62,785,193 43,696,926 36,569,458
Available for sale investments 4,304,234
 
     Return on other fixed income securities and deposits 2,040,683 7,047,963 1,967,766
     Dividend income 17,668,956 10,629,205 6,856,401
     Gain on sale of available for sale investments - -
- -
Gain on sale of non-trading investment  
82,494,832 65,678,328 45,393,625
Less: investment related expenses #REF! 1,181,706 #REF!
Net investment income #REF! 64,496,622 #REF!
The annexed notes form an integral part of these financial statement
Naheed Hyder
 Maj (R) Mohammad Fazal Durrani __________ __________
Executive Director (F&A) Chief Executive Director Director
Karachi, August 20,  2003