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Pakistan reviews financial preparedness for disasters

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The Pakistani government, the Insurance Development Forum and Germany-based InsuResilience Global Partnership, among others, are reviewing strategies for disaster risk financing in Pakistan, Profit by Pakistan Today reported. Three floods caused more than $14 billion worth of damage in the country in 2010, 2011, and 2014, while a 7.6-magnitude earthquake caused $5 billion worth of damage in 2005.

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