The government is planning to initiate commercial operation of the Export-Import (EXIM) Bank of Pakistan within the first quarter of the calendar year 2022, WealthPK reported.
The government aims to operationalise the bank to promote, expand and diversify the country’s international trade by providing credit, guarantee and insurance products to exporters and importers.
EXIM Bank of Pakistan has been declared a development finance institution under the Banking Companies Ordinance. The bank has been designated as the official export credit agency of the country to be formed through an Act of the Parliament.—INP
