ISLAMABAD – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has reaffirmed the government’s commitment to strengthening the insurance sector, recognizing its potential for attracting private sector investment.

During a meeting with CEOs of leading insurance companies, the Minister emphasized the need for diversification beyond the banking sector to boost lending opportunities. He encouraged the insurance industry to innovate, enhance productivity, and drive growth to meet rising demands.

Discussions focused on the sector’s role in the national economy, particularly its impact on healthcare, investment in Pakistan Investment Bonds (PIBs), capital markets, and long-term financial stability. The Minister assured that the government will continue collaborating with industry leaders to ensure sustainable growth.

The insurance delegation presented key proposals aimed at increasing the sector’s contribution to economic development. The government reaffirmed its support for policy reforms that would facilitate the expansion and modernization of Pakistan’s insurance industry.