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Pakistan: Swiss fund to pour capital into insurance

April 11, 2014 - 6:00am


Asif Arif, insurance commissioner of the Securities and Exchange Commission of Pakistan, said the insurance sector will receive "billions of rupees" in capital inflows in the coming period, The Express Tribune reported.

A private equity fund from Switzerland will either buy or invest heavily in at least three of the country's insurers in the coming three to eight months. Mr. Arif said the insurance market is "massively unexplored."

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