Finance Minister Unveils Export-Import Bank (EXIM) in Islamabad

[LRE-Azan]

Finance Minister Unveils Export-Import Bank (EXIM) in Islamabad

The inauguration of the Export-Import Bank of Pakistan (EXIM) in Islamabad today by Caretaker Minister for Finance Dr. Shamshad Akhtar signifies a crucial stride in fortifying foreign trade and fostering economic development in the nation. Dr. Akhtar expressed, "The commencement of EXIM is a noteworthy achievement that will enrich the banking and trade finance landscape of Pakistan," during the inaugural event.

In addition, the Finance Minister stressed the global importance of EXIM, highlighting that these institutions facilitated an astonishing $2.50 trillion in trade finance in the previous year.

Dr. Shamshad Akhtar underlined the vital role of export credit loans, providing exporters with access to competitively priced financing, and delineating the diverse array of goods supported by EXIMs. She also underscored how EXIM's guarantee, credit insurance, and loan services could enhance the competitiveness of Pakistani exporters on the global stage.

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