Launching of Exim Bank in the offing

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APP78-03 LAHORE: December 03 - Finance Minister Senator Muhammad Ishaq Dar presiding over a meeting Exim bank at State Bank of Pakistan. App photo by Zahid Chaudhry

ISLAMABAD, Dec 3 (APP): Finance Minister, Senator Mohammad
Ishaq Dar chaired a meeting here on Thursday to finalize the modalities for launching the EXIM Bank of Pakistan.
Senior officials concerned of the Ministry of Finance, Governor State Bank of Pakistan and other SBP officials were present
in the meeting. The meeting was informed that the Bank having a paid up capital of Rs.10 billion will give a boost to export focused SME’s in
the country by offering them access to export credit and providing insurance of export receivables.
The Finance Minister appreciated the support of the State
bank of Pakistan in setting up the EXIM Bank and gave guidance
to the effect that the bank should begin operations at
the earliest.
Various steps necessary for early operationalization of the
Bank were also discussed in detail.