We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Pakistan seeks UAE trade to lift economy

Pakistan faces uphill battle in attracting investment.


December 13, 2010 4:25 by

Pakistan needs increased investment and trade opportunities from the UAE to build the economy and help it become more independent from foreign aid, the chief minister of Punjab province said on Monday.

“We are not here to seek aid but rather trade,” Mohammed Shahbaz Sharif told a trade conference in Dubai. “It is investment, trade, joint ventures and modern technology that will empower us.”

Sharif, leading a delegation of 100 businessmen from Pakistan, said the troubled South Asian country seeks investment from the United Arab Emirates – its second largest trade and investment partner – in sectors including energy, agriculture, livestock, mining and telecommunications.

Representatives from the Punjab Board of Investment and Trade signed 11 initial agreements worth $1.3 billion with potential investors in the UAE at the event but said the nation is struggling with the perception that Pakistan is a risky investment due to corruption and mounting Islamic militancy.

Sharif conceded that the country faces an uphill battle in attracting foreign investment due to negative perceptions in the global market, adding that the nation has fallen behind India.

But he said the potential for growth is strong, given natural resources and agriculture. UAE companies could seek construction deals in Punjab during a slowdown at home, he said.

In November, sources told Reuters that Pakistan – a key U.S. ally – is cutting its development spending by almost half, amid worsening economic conditions and demands set out by the IMF as part of an $11 billion loan in 2008.

(Reporting by Shaheen Pasha; Editing by Firouz Sedarat)


Tags: , , , ,

Leave a Comment