Staff Reporter Islamabad
Makhdum Khusro Bakhtyar, Minister for Economic Affairs witnessed the signing ceremony of ITFC’s Annual Financing Plan 2021 for Government of Pakistan, amounting to US$ 1.1 billion.
The document was signed by Mr. Noor Ahmed, Secretary, Economic Affairs Division and Eng. Hani Salem Sonbol, Chief Executive Officer, International Islamic Trade Finance Corporation (ITFC, a subsidiary organization of Islamic Development Bank Group).
According to Annual Financing Plan, ITFC will mobilize trade financing of US$ 1.1 billion during the year 2021.
The financing available through this facility will be utilized by Pakistan State Oil (PSO), Pak-Arab Refinery Ltd (PARCO) and Pakistan LNG Ltd (PLL) for import of crude oil, refined petroleum products and LNG during the year 2021.
