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Pakistan: Regulator stresses need for terrorism insurance pool

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Faraz Uddin, joint director of the insurance division of the Securities and Exchange Commission of Pakistan, has said the "need of the hour is to set up terrorism insurance pool, " Business Recorder reported.

The recent Karachi airport attack resulted in cargo insurance losses of 5 billion Pakistani rupees ($50.8 million).

Mr. Uddin said the government seems least interested in setting up such insurance, despite the country having the highest rate of terrorist risk.

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