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MoC set to frame overarching rules for insurance sector
Summary by Business Recorder
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MoC set to frame overarching rules for insurance sector
ISLAMABAD: The Ministry of Commerce (MoC) is set to overhaul rules governing the insurance sector to strengthen Pakistan’s financial system and investment climate; however, its first attempt—proposing over 200 amendments to the Insurance Ordinance has been rejected by the Cabinet Committee on the Disposal of Legislative Cases (CCLC), well-informed sources in the Law Ministry told Business Recorder. Sharing details, the sources said that on Decem…
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