Finance Minister Senator Mohammad Ishaq Dar chaired a meeting on Thursday to finalise the modalities for the launch of the EXIM Bank.
Senior officials concerned of the Ministry of Finance, State Bank of Pakistan Governor 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 would 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 directed that the bank should begin operations at the earliest. Various steps necessary for early operationalisation of the Bank were also discussed in detail.
