21. 12. 20
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Economic stability requires better insurance penetration: Abdul Haye
Compulsory third party motor, group medical insurance needed in Pakistan: IAP
Former Convenor FPCCI Central Committee on Insurance Dr Murtaza Mughal on Saturday said the insurance industry has failed to deliver amid pandemic calling for new products and reforms in this sector so that it can deliver in challenging environment.
Talking to Senior Vice Chairman Insurance Association of Pakistan (IAP) and CEO Alfalah Insurance Abdul Haye and other industry experts, Dr Murtaza Mughal said that claims are being avoided because the policies were not designed to pay out when there is a pandemic; and if paid, it will push service providers to insolvency.
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13. 12. 20
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Share of insurance in GDP very low
Pakistan virus-related losses Rs2.5 trillion
Director General Federal Insurance Ombudsman Mubashir Naeem Siddiqui has said that the insurance sector plays a very important part in the national development however the pandemic has increased its importance manifold.
Despite the importance of insurance its share in the GDP is low which can be increased through efforts in the right direction, he said.
Talking to Dr. Murtaza Mughal, President of Pakistan Economy Watch and former Chairman FPCCI Central Insurance Committee on Insurance, Mubashir Naeem Siddiqui said that the Insurance Ombudsman is providing valuable services to the society and protecting the rights of policyholders which will help improve this sector.
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09. 12. 20
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Islamabad :The Pakistan Economy Watch (PEW) on Tuesday said FPCCI is going through a crisis of leadership and vision since long which has disappointed the voters.
Many businessmen are not very keen to participate in the upcoming elections while others are undecided to vote for United Business Group (UBG) or Businessmen Panel (BMP) as both have failed to come up to their expectations, said Chairman Pakistan Economy Watch Brig. (retd) Aslam Khan.
He said that UBG ruled FPCCI for five years but failed to bring any meaningful change. BMP realised their failure and came to power by promising a change but their slogan never translated into reality.
Both the groups have failed to improve working and image of the FPCCI and both have bulldozed merit during their tenures resulting in a disaster, he added.
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05. 12. 20
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ISLAMABAD, The Pakistan Economy Watch (PEW) on Saturday said the agriculture sector cannot progress in absence of meaningful land reforms delayed since decades.
Land reforms were initiated in the 70s after which this critical has been ignored by all the governments which has inflicted heavy damage on the agriculture sector and and resulted in food security issues.
The fall of agriculture has not only squeezed the income of farmers but also eroded the buying power of masses while the gulf between landed elites and farmers is expanding, said Dr. Murtaza Mughal, President PEW.
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