‘US investors to assist small, large businesses in Pakistan’

[LRE]

ISLAMABAD: Vice President of Insurance, OPIC, USA Rod Morris has arrived in Pakistan on a weeklong visit to explore ways and means for investment in Pakistan.

In this regard, IGI, a general insurance company of the country has signed a memorandum of understanding (MoU) with Overseas Private Investment Corporation (OPIC) USA, vowing to work together to insure US investment in Pakistan against political risks.

IGI Insurance joined hands with the most experienced political risk insurer in the world, that has $4 billion in reserves and the backing of the US government, with the confidence that this would not only improve and diversify its own line of business, but would reduce the risk of unfair interference, protect small and large investments, improve access to credit and also offer its clients flexible and affordable programmes. Morris said that the company aims at assisting small and large businesses in Pakistan, an emerging market where political risk insurance is missing on the private markets. staff report

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