Baku 24° C
ADB approves $700M loan for Pakistan's insurance sector
Other countries
- 18 June, 2026
- 13:23
The Asian Development Bank (ADB) has approved a $700 million loan to support reforms aimed at strengthening Pakistan's insurance sector.
Report informs, citing DAWN and ADB, that the program is aimed at expanding insurance coverage and reducing gaps in the sector.
It will also help stimulate private sector participation and support sustainable economic growth, while strengthening Pakistan's financial resilience by deepening insurance markets and expanding financial protection for households, businesses, farmers and others.
According to ADB, Pakistan's financial system remains heavily dependent on the banking sector.
Author
Latest News
00:03
Türkiye's National Security Council discusses peace and stability in South Caucasus
Region23:48
Number of deaths from IDF strikes in Lebanon exceeds 3,900
Other countries23:42
US imposes sanctions on Lebanese politicians over support for Hezbollah
Other countries23:20
World Cup 2026: Best player of Czechia vs South Africa match announced
Football23:08
Trump calls for full ceasefire between Israel and Lebanon
Other countries22:55
AZAL cancels Baku–Nakhchivan flights due to bad weather
Infrastructure22:45
Video
Video from opening ceremony of IsDB Annual Meetings posted on Ilham Aliyev's social media accounts
Foreign policy22:37
CENTCOM lifts blockade of Iranian ports in Strait of Hormuz
Other countries22:26
Photo