Pakistan, March 15 -- A legislative body of the Lower House, on Thursday, approved a sub-committee to oversee discussions between the ministry of commerce and their aggrieved, State Life Insurance Corporation (SLIC) agents.

Commerce Secretary, Younas Dagha, briefed the National Assembly Standing Committee on Commerce and Textile regarding the strike by some SLIC bargaining agents because the government had changed the four-tier structure to three-tier. He further added that the SLIC's continuous descending trend was noticed by its regulator, Securities and Exchange Commission of Pakistan (SECP).

After scrutinising the related matters, he noted, the four-tier structure was reduced to three-tier, whereby promoting the cadre of sales offic...