ADB Approves $700 Million Loan for Pakistan's Insurance Sector Reforms
The Asian Development Bank (ADB) has approved a $700 million policy-based loan to Pakistan, aimed at supporting reforms designed to strengthen the country's insurance sector and expand its reach, particularly in capital markets and private pension products.
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ADB approves $700m loan for Pakistan's insurance sector
ISLAMABAD: The Asian Development Bank (ADB) has approved a $700 million policy-based loan to support reforms aimed at strengthening insurance in Pakistan. In an official announcement, the Manila-based lending agency said the programme seeks to expand insurance coverage and reduce protection gaps. It will also help stimulate private sector participation and support sustainable economic growth. It said the Insurance Transformation Programme will strengthen Pakistan’s financial resilience by dee...
By none@none.com (Khaleeq Kiani)
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Program will support development of capital markets, private pension products
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