The International Finance Corporation (IFC) on Tuesday announced its first Pakistan rupee-denominated investment through an unfunded Partial Credit Guarantee of up to Rs 33.6 billion (about $120 million equivalent) to support long-term PKR financing by Standard Chartered Bank Pakistan Limited for Engro Fertilizers Limited, aimed at strengthening Pakistan’s agricultural value chain. This financing would enable […]
financing
US approves $1.25 billion financing for Riko Diq mine
The United States has approved a major financing package worth $1.25 billion to support the development of critical minerals at Pakistan’s Riko Diq site, US Embassy Islamabad’s Chargé d’Affaires (CDA) Natalie A Baker announced on Wednesday. In a video message posted on social media platform X, Baker said the U.S. Export-Import Bank (EXIM) had recently […]
Rs230bn financing for female entrepreneurs shatters SBP targets
Pakistani banks – microfinance ones in particular – have extended financing to women entrepreneurs worth Rs230 billion in the past year against a target of Rs50 billion, said State Bank of Pakistan (SBP) Governor Jameel Ahmad on Wednesday. The country is gearing up to increase the participation of female population in the formal economy. “There […]
Allied Bank promotes warehouse financing solution for agricultural businesses
Allied Bank Limited (ABL) has concluded a series of awareness activities to promote its Warehouse Facility, a financing solution designed to help agricultural businesses overcome long-standing barriers to credit access. The facility allows millers, traders, farmers, and agri-enterprises to obtain working capital against their stored stock rather than traditional collateral such as land or property. […]
Impact Financing & Smog
The season of smog is upon us and like every year Lahore is maintaining its position among the top three slots in the Global AQI Ranking. Pakistan is facing unprecedented levels of air pollution, which are directly impacting the country’s economic and social sustainability indicators. According to the Pakistan Air Quality Initiative (PAQI), the pollution […]
Pakistan may receive $6.5bn from IMF as talks conclude today
The Pakistan Tehreek-e-Insaf (PTI) government and the International Monetary Fund (IMF) are likely to announce a staff-level agreement on Friday (today) as the former has accepted most of the global lender’s demands. Both sides held the last round of talks on Thursday in which the remaining issues of the fiscal deficit and primary balance were […]