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Larger the risk level, higher the growth of insurance industry in Balochistan

Larger the risk level, higher the growth of insurance industry in Balochistan

Banks can play a key role in the growth of insurance industry in the province Larger the risk level, higher the growth of insurance industry. The risk perception — risks to life, assets and public and private properties — has been higher and widely prevalent in Balochistan where the incidents of terror and attacks on public and private properties have witnessed a phenomenal growth over the past many years. The reason is the poor …

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China widely welcomed investments into Pakistan’s SEZs

China widely welcomed investments into Pakistan's SEZs

China has welcomed investment into Pakistan’s Special Economic Zones (SEZs) from other countries. While speaking at the “Dialogue on Industrial Cooperation under CPEC and SEZs Framework” organized by the Board of Investment last week, China’s Ambassador in Pakistan Yao Jing said that the Chinese investors were showing keen interest to invest in these SEZs. The private businesses have come into joint ventures of tyres, manufacturing of buses and trucks and textiles in the last …

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Give your inheritors a gift of life insurance

Give your inheritors a gift of life insurance

We are living in a fast changing environment. Every day brings new challenges requiring people to bring about changes in their lives. All this is because of tough competition forcing people to find out new ways and means to grow rapidly. They continue searching not only new ways but also upgrading the previous ones in order to keep pace with the developments in the fast moving world. Lots of inventions …

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Effects of coronavirus on the shipping and insurance industry of Pakistan

Effects of coronavirus on the shipping and insurance industry of Pakistan

The coronavirus has presently affected more than 100,000 persons worldwide. This fast widespread of the virus impacts several business sectors including that of insurance. The pandemic won’t be affecting life insurance in 2020 and as per Moody’s agency estimates, the impact of the pandemic on global reinsurers will be limited, i.e. the consequences will only be significant only at very high levels of gravity. For property and casualty insurance, the …

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The growing efficiency of Takaful Insurance

The growing efficiency of Takaful Insurance

International experts revealed that it is mandatory for everyone in the developed world, to have a cover for unforeseen losses. On the other hand, the need of such an instrument is much greater in developing countries, as susceptibility to risk is high as there are very less opportunities obtainable to recover from big losses. In developing countries therefore, which are usually characterized for having low income levels, and lacking access …

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Pakistan’s insurance sector

  Insurance in Pakistan has come a long way since the time when businesses were tightly regulated and concentrated in the hands of a few public sector insurers. Factors like slowdown of economic activities, law and order issues and high inflation are deteriorating the performance of this sector. Though insurance market in Pakistan is highly concentrated in urban areas and many insurance companies are subsidiaries of large industrial groups that …

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Foreign investments in Pakistan – A perspective for 2012

  FDI requires an enabling environment to ensure flow of funds and capital in different investment ventures. Investments are required in Pakistan for infrastructural development and industrial growth which would create jobs and translate into a higher GDP through enhanced production. The per capita income of Pakistan is only USD 1,254 considered low. The key is to eliminate poverty and increase reserves. With respect to the economic situation of Pakistan, …

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Chinese investment in Pakistan: a win-win situation both for China and Pakistan

  The massive Chinese investment to the tune of $42 billion is the first instance when a single country like China has practically shown its commitment to Pakistan economy, however, it would equally benefit to China on the back of strategic location of Pakistan in generation like Gwadar Port in particular, which will provide a short cut to transitional goods to and from China as no other country could offer …

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Fascinating foreign investment opportunities in Balochistan

  Presenting a greater investment opportunity to the foreign investors due to its gifted and natural wherewithal, the province Balochistan, is having all the potential sectors to open the road of economic prosperity for Pakistan. One of the ardent areas for investment in the province is Gwadar Port city which include fish processing, crabs processing, cold storage, ice factories, sea-water reverse osmosis desalination plants, shrimp farming, boat building and naval …

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Balochistan’s development potential, investment opportunities

  The underdeveloped province, Balochistan, has tremendous prospective for the growth of the economy as it’s economy is largely based on natural resources like production of Sui gas (a biggest gas field in Pakistan), coal and other marketable minerals, while fisheries, mining, manufacturing industries, trade through public and private organizations are the other possessions of this province making it rich in offering investment and can become a healthy marketplace provided …

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