Briefing 2023-06-12

Life insurance cos drag

down prime index

Stocks plummeted as investors cashed in on high-gaining life insurance stocks after the appointment of observers to four companies by the Insurance Development and Regulatory Authority. Complaints from policyholders regarding delayed claim payments caused dissatisfaction, leading to a sell-off. The market experienced a decline in indices, turnover and overall investor confidence. Page 9

Asia Cup likely to be played in Pakistan, Sri Lanka

The Asia Cup 2023 is expected to be split between Pakistan and Sri Lanka, with the Asian Cricket Council likely to approve a hybrid model proposed by the Pakistan Cricket Board. Under the model, five matches would be played in Pakistan, while India vs Pakistan games would be held in Sri Lanka, even if they reach the final. Page 13

Nothing wrong with nuke deal

with West: Khamenei

Iran's supreme leader, Ayatollah Ali Khamenei, expressed cautious openness to a nuclear deal with the West if Iran's nuclear infrastructure remains untouched. Talks between Tehran and Washington to revive the 2015 nuclear pact have stalled, with both sides accusing each other of unreasonable demands. Page 17

Commonwealth Trade Forum in Sept

Bangladesh will host the Commonwealth Trade & Investment Forum in Dhaka on September 13-14. The event will allow local businesses to showcase their technological capabilities and foster collaboration with the 53 member countries. Organised by the Commonwealth Enterprise and Investment Council, the forum aims to promote trade, investment, and economic growth. Page 20