ADB Signs Agreement with Dubai Islamic Bank Pakistan to Promote Country's Trade

The Asian Development Bank (ADB)’s Trade and Supply Chain Finance Program (TSCFP) has entered into an agreement with Dubai Islamic Bank Pakistan Limited (DIBPL) with the aim of supporting trade in Pakistan. ADB expects to help DIBPL to further develop its trade finance business within Pakistan.

Why it Matters?

The agreement will ensure a more streamlined and easy process for trade finance in Pakistan, supporting business activity in the country. The TSCFP has arranged more than USD 17.3 billion in trade within Pakistan to date, with support being granted across industries like steel, polypropylene, fertilisers and machinery for garments and weaving. The agreement aims to generate more trade flows to Pakistan.

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