Pakistan market News

Online Startup Waada Buys Rival to Become Pakistan’s Largest Insurtech

Pakistani online insurance startup Waada acquired a local rival to create the South Asian nation’s largest player in the field, seeking to benefit from growth in the burgeoning market. The Karachi-based company took over MicroEnsure Pakistan, a unit of MIC …

Magnitude 5.7 Earthquake Hits Pakistan, Killing at Least 20

QUETTA, Pakistan – An earthquake of magnitude 5.7 hit southern Pakistan in the early hours of Thursday, killing 20 people, most of them women and children, and injuring about 300, at a time when many victims were asleep, authorities said. …

Insurtech Blue Marble Launches Weather-Index Crop Insurance for Pakistani Farmers

Blue Marble, a London-based insurtech that offers affordable insurance protection for low-income families and small businesses in emerging markets, has launched a weather-index insurance-pilot program for smallholder farmers in rural Pakistan. The pilot program, which will cover 500 farmers, is …