Ukraine Inks $50M Insurance Deal Amid Russia-Ukraine Conflict
Ukraine has secured an agreement with the global insurance broker and risk advisor Marsh McLennan, along with Lloyd’s of London registered brokers, to provide insurance coverage for ships exporting grains amid the Russia-Ukraine Conflict’s geopolitical risks. On social media handle, the Ukrainian minister for the economy Yulia Svyrydenko announced that this $50 million program will […]
Which country has the lowest insurance penetration globally?
Pakistan is the country where the insurance sector penetration (life and non-life) is less than one percent of GDP, and its gross premium is only $1.9 billion, which is almost the lowest in the world. The Securities and Exchange Commission of Pakistan (SECP) said it is 0.87 percent of GDP. The regulator attributed it […]
Pakistani General Faces Allegations: Hidden Foreign Assets and Financial Irregularities
This photo is taken from ‘Fact Focus’ A top Pakistani military general, Lt. Gen. Shafaat Ullah Shah, a close associate of former dictator General Pervez Musharraf has been found in a series of alleged financial improprieties. This includes a web of concealed foreign properties in Manhattan, London, and Dubai, coupled with dubious financial dealings […]
Amnesty International Urges Pakistan to Halt Mass Afghan Refugee Deportations
Amnesty International is calling on the Government of Pakistan to immediately cease the ongoing detentions, deportations, and widespread harassment of Afghan refugees. The human rights organization expressed concern that thousands of Afghan refugees are being used as political pawns, facing potential return to Taliban-controlled Afghanistan where they may be at risk amidst a severe crackdown […]
Pakistan Appoints ‘Ernst & Young’ for PIA’s privatization
In accordance with International Monetary Fund (IMF) conditions advocating the privatization of state-owned entities, Pakistan has chosen the British multinational firm ‘Ernst & Young’ as the Financial Advisor for the privatization of its national flag carrier, Pakistan International Airlines (PIA). The decision was made by the country’s privatization commission board on Friday, marking a significant […]
WhatsApp Elevates Messaging with New Text Formatting Feature
WhatsApp, one of the most popular messaging apps, has introduced a set of text formatting tools to elevate the messaging experience on its web client. The release follows the recent rollout of the “search message by date” feature for WhatsApp’s desktop version, and it is initially available to select beta testers. According to WABetaInfo, a […]
Pakistan Accuses Israel of Treading ‘Path of Pharaohs’ with Child Killings in Gaza
Caretaker Pakistani Prime Minister Anwaar-ul-Haq Kakar strongly condemned Israel’s war on Gaza on Thursday, particularly the killing of Palestinian children. He drew a parallel to the biblical story of the “pharaohs” who, on the eve of Prophet Moses’ birth, ordered the killing of children, Geo Television reported. Kakar’s remarks were delivered during the 16th Economic […]
Indus Motor Company to Launch First Hybrid Electric Car in mid-December
Indus Motor Company (IMC), the renowned Toyota car assembler to introduce the Pakistan-made Corolla Hybrid Electric Vehicle by mid-December, Ali Jamali, the CEO revealed on Wednesday. Jamali said, “very soon” we will launch the Hybrid Electric Vehicle (HEV) while underscoring the significance of Toyota’s hefty $100 million investment in Pakistan’s HEV production. This investment not […]
Unpacking Pakistan’s Deportation Policy: Fueling Afghan “Poppy” Surge and Straining Relations?
Pakistan’s Deportation Policy Can Drive a Surge in Afghan Poppy Cultivation.
FDA Warning: Eyedrops from CVS, Cardinal, Rite Aid, and Others Could Cause Blindness
FDA identified 26 eyedrops of six companies that could cause blindness. It asked consumers not to use and companies to recall the products from market.
