German bank, to obtain 20 percent venture in local insurance company.

ISLAMABAD -- The TPL,Insurance , Pakistan's direct insurance company, has announced that DEG (Deutsche Invesitions-und Entwicklingsgesellschaft mbH) ,a unit of German state development bank KFW, has expressed interest in acquiring 20 percent stake in the company .

DEG is wholly owned subsidiary of KFW group based in Cologne, Germany. For 55 years DEG, has been reliable partner to private, sector companies operating in development and emerging countries, with 21 locations world wide,said a press release issued by Board of Investment (BOI) here on Wednesday.

According to release issued , the TPL insurance is a pioneer in offering holistic insurance services to its customers in Pakistan through its state-of- the- art...