Pakistan, March 11 -- Finance Minister Muhammad Aurangzeb on Monday said the government seeks to diversify beyond the banking sector for lending purposes and urged the country's insurance industry to meet its growing demand.

This includes expanding the sector by focusing on innovation, enhancing productivity, and driving further growth.

The finance minister made these remarks during a meeting held with a delegation of chief executive officers (CEOs) from Pakistan's leading insurance companies, read a statement released by the Finance Division.

According to the statement, Aurangzeb assured the group that the government would carefully consider their proposals, particularly regarding taxation and policy measures necessary for the future ...