Karachi, the much-anticipated merger between PICIC Insurance Limited and Crescent Star Foods (Pvt.) Limited (CSF) is currently pending approval from the Sindh High Court. The two companies have filed a petition seeking the court's approval for the Scheme of Arrangement, wherein CSF will merge into PICIC Insurance.

Although the hearing date has not been fixed due to an upcoming court holiday, both PICIC Insurance and Crescent Star Foods remain committed to the merger process. The companies are confident that once the Scheme of Arrangement receives approval from the Sindh High Court, they can move forward with the integration and resume their operations as a unified entity.