Pakistan, March 10 -- Finance Minister Muhammad Aurangzeb has urged Pakistan's insurance industry to expand and meet the country's rising financial needs beyond traditional banking. He emphasized the importance of innovation, productivity, and investment in the sector during a meeting with top insurance CEOs. The government aims to create new lending opportunities and strengthen the insurance industry's role in economic development.

Aurangzeb assured industry leaders that the government is carefully reviewing their proposals, particularly regarding taxation and policy reforms. He highlighted that 90% of the budget consultation process is complete, with expert teams at the FBR evaluating each proposal. These efforts will help implement re...