ISLAMABAD, Dec 10 (online): National Bank of Pakistan and United Insurance Company (UIC) have entered a deal to support the agriculture sector of the country.
According to the deal, the UIC will provide insurance cover to agriculture and livestock farmers so that they can be saved from losses.
Speaking at the occasion, Chairman of the United International Group Mian MA Shahid said that we initiated crop and livestock insurance in the country which resulted in record growth.
We consider serving farming communities and saving them from shocks as a social work which has helped our company a lot.
Mian Shahid said that agriculture sector is prone to price and climate shocks for which an insurance cover is imperative. He noted that the share of agriculture has reduced to just 18 percent from 21 percent.