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Pakistan: Challenging year ahead for insurers, says executive

May 6, 2014 - 6:00am


The Pakistani insurance sector would face a challenging year ahead, but an improved investment climate means that there are opportunities, Saifudin Zoomkawala, chairman of Pakistan's EFU General Insurance Ltd., told Business Recorder in an interview.

But large scale expansion is unlikely, Mr. Zoomkawala said.

He also called on regulators to address insurers' problems and introduce steps to help the sector improve its image, Business Recorder reported.

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