The Pakistan economy expanded by 4.24% in the fiscal year 2014-15. Growth came from all sectors including agriculture, industry and services. One of the major tax sources is its industrial sector which produces 20.30% of the national GDP. Most low-income people in Pakistan, those working in the agriculture sector, as well as in textile and clothing are exposed to a number of life risk events. Specific MI products can manage the negative impact of unexpected incidents. Insurance Regulators of Indonesia, Nepal, Mongolia, Philippines, Thailand and Vietnam signed the so called Cebu Declaration on May 16, 2013 to commit the promotion and development of inclusive insurance (MI) markets.
GIZ and Securities and Exchange Commission of Pakistan.