The Asian Development Bank (ADB) has approved a $700 million policy-based loan to support reforms aimed at strengthening Pakistan’s insurance sector and expanding financial protection across the country. In an official statement, the Manila-based lender said the programme, titled the Insurance Transformation Programme, is designed to reduce protection gaps, expand insurance coverage, and encourage greater […]
insurance sector
Aurangzeb backs insurance sector to drive financial stability
Finance Minister Muhammad Aurangzeb has urged Pakistan’s insurance industry to expand and meet the country’s rising financial needs beyond traditional banking. He emphasized the importance of innovation, productivity, and investment in the sector during a meeting with top insurance CEOs. The government aims to create new lending opportunities and strengthen the insurance industry’s role in […]