China and UNDP have launched the 'Tailored Intelligence for Actionable Early Warning Systems' (TIAEWS) project for Pakistan. The initiative aims to strengthen Pakistan's capacity to anticipate and respond to climate change impacts and become more resilient.
The insurance regulator has recommended major amendments to strengthen the insurance industry's risk absorption capacity, bolster financial stability, and provide greater protection for policyholders.
Pakistan's fertiliser company Fauji Fertilizer Company (FFC) and Adamjee Insurance Company have reached an understanding about launching a comprehensive crop protection insurance initiative.
Khyber Pakhtunkhwa (KP) regional government is considering establishing its own insurance company to manage various insurance initiatives, including the Sehat Card Plus programme.
Pakistani insurer Crescent Star Insurance (CSI) has legally challenged a directive issued by the financial services regulator Securities and Exchange Commission of Pakistan (SECP). The directive had asked the insurer to halt the issuance of fresh guarantees under its Credit and Surety business.
An Insurance Tribunal has directed the Securities and Exchange Commission of Pakistan (SECP) to ensure that insurance companies make available and maintain universal-access telephone numbers and websites to answer policyholders' questions.
The National Assembly's Standing Committee on Commerce has urged Pakistan National Insurance Company Limited (NICL) and Pakistan Reinsurance Company (PAKRe) to focus on strengthening their role in the private sector and expanding public relief efforts.
The Khyber Pakhtunkhwa provincial government will establish a takaful company to operate a proposed universal life insurance scheme.
Introducing climate insurance products for disaster-vulnerable communities, their livelihoods and infrastructure represents the cornerstone of climate risk mitigation policy, indicated Mr Hamza Haroon, regional director for South Asia of the Climate Vulnerable Forum - Vulnerable 20 (CVF-V20).
The Securities and Exchange Commission of Pakistan (SECP) has re-joined the International Organisation of Pension Supervisors (IOPS) as a Governing Member, marking a pivotal step in Pakistan's commitment to strengthening the pension sector.