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Pakistan: Insurance industry records $39.5 million in profit after tax in first half of 2013

December 5, 2013 - 6:00am


Pakistan's insurance industry registered profit after tax of more than 3.94 billion Pakistani rupees ($39.5 million) in the first half of 2013, The Nation reported.

The industry is booming as more businesses are opting for insurance to protect themselves from various risks. However, undue delays in payment of claims is a major problem, especially in the nonlife segment.

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