Arab Today, arab today pakistan offers to insure foreign businessmen
Last Updated : GMT 03:55:15
Arab Today, arab today
Arab Today, arab today

Pakistan offers to insure foreign businessmen

Arab Today, arab today

Arab Today, arab today Pakistan offers to insure foreign businessmen

Islamabad - AFP

Pakistan is offering to insure foreign businessmen to attract overseas investment to a country where thousands have been killed by Taliban and Al-Qaeda-linked violence, officials said Wednesday. A series of wealthy countries, including Australia, Britain and the United States, advise against non-essential travel to Pakistan and this makes insurance unavailable or very expensive for citizens who wish to visit. Islamabad says more than 35,000 people have been killed as a result of terrorism in the country since the 9/11 attacks on the United States. But the government hopes that by offering insurance to foreigners invited to Pakistan on business, it can help revive the flagging economy. According to the International Monetary Fund, the Pakistani central bank\'s foreign exchange reserves declined to under $10 billion in October and the deficit, excluding grants, hit 8.5 percent of gross domestic product last year. \"Any private or public entrepreneur inviting foreign businessmen or investors will now be responsible for providing insurance cover to their guests through the National Insurance Company (NIC),\" said commerce ministry spokesman Abdul Kabir Kazi. \"We have launched the scheme immediately and asked the foreign office to dish out information about the scheme to all Pakistani missions abroad to benefit foreign investors and businessmen,\" he told AFP. Nazim Latif, pointman for the scheme, said businessmen can be insured for $200,000, $300,000 or $500,000, depending on their length of stay. \"The premium for the above products will be $75, $150 and $225 respectively if a buyer stays in Pakistan for a week; and $250, $350 and $500 for a stay beyond a month,\" he told AFP. In the event of death, the NIC will pay out the full compensation and in case of injury, $6,000, $7,000 or $8,500 per week for medical treatment. \"Normally, foreigners hesitate to visit Pakistan in business deals because of the law and order situation in the country. We are introducing this scheme as a tool to offer them peace of mind when they come to our country,\" Latif said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today pakistan offers to insure foreign businessmen Arab Today, arab today pakistan offers to insure foreign businessmen

 



Arab Today, arab today
Arab Today, arab today Hats, scarves add beauty to women

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today Tourist guide reveals methods of tourist attractions

GMT 17:46 2017 Saturday ,18 February

Tourist guide reveals methods of tourist attractions
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Leader Omar Abdel Rahman dies in US prison

GMT 19:00 2017 Sunday ,19 February

Leader Omar Abdel Rahman dies in US prison
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 05:26 2017 Sunday ,19 February

US natural gas market tightens

GMT 05:06 2017 Sunday ,19 February

Merkel: Euro is too low for Germany

GMT 04:58 2017 Sunday ,19 February

Swedish PM: Brexit deal in 2 years is unlikely

GMT 20:02 2017 Saturday ,18 February

Gold edges higher as global equities lose momentum

GMT 10:20 2017 Thursday ,16 February

New Zealand's Spark rings up interim profit rise
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Actress Nadeen Al Rassi views art as her entity

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:05 2017 Friday ,17 February

Singer Diana Karzon will issue a new album soon

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 09:03 2017 Thursday ,16 February

Tour guide praises women’s beaches

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 21:42 2017 Sunday ,12 February

Rania al-Ghazali designs candles of bubbles
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday