Business Recorder - News https://www.brecorder.com/ Business Recorder en-Us Copyright 2026 Thu, 13 Aug 2026 12:50:23 +0500 Thu, 13 Aug 2026 12:50:23 +0500 60 ADB provides guarantee to NIB on trade finance https://www.brecorder.com/news/8524/adb-provides-guarantee-to-nib-on-trade-finance <p><img style="margin-right: 10px; margin-bottom: 10px; float: left;" alt=" " src="https://i.brecorder.com/images/stories/pics2011/mar/ADB-Building_400.jpg" width="400" height="326" />KARACHI: NIB Bank Limited and Asian Development Bank signed a “Trade Finance Guarantee Facility agreement on Thursday at NIB, Head Office, Karachi. Under the agreement, ADB will provide guarantees on international trade finance that NIB conducts with foreign partner banks. Consequently NIB’s customers will enjoy greater access to trade finance through ADB’s Trade Finance Program, allowing them to conduct more overseas trade.</p> <p class="MsoPlainText">ADB is an international development financial institution, committed to facilitating international trade in Pakistan and ADB’s other developing member countries. Its mission is to end poverty in Asia and the Pacific. ADB’s Trade Finance Program works with over 200 partner banks to provide guarantees and loans to support international trade transactions.</p> <p class="MsoPlainText"><Center /><b><i>Copyright PPI (Pakistan Press International), 2011</b></i><br /></center></p> KARACHI: NIB Bank Limited and Asian Development Bank signed a “Trade Finance Guarantee Facility agreement on Thursday at NIB, Head Office, Karachi. Under the agreement, ADB will provide guarantees on international trade finance that NIB conducts with foreign partner banks. Consequently NIB’s customers will enjoy greater access to trade finance through ADB’s Trade Finance Program, allowing them to conduct more overseas trade.

ADB is an international development financial institution, committed to facilitating international trade in Pakistan and ADB’s other developing member countries. Its mission is to end poverty in Asia and the Pacific. ADB’s Trade Finance Program works with over 200 partner banks to provide guarantees and loans to support international trade transactions.

Copyright PPI (Pakistan Press International), 2011

]]> https://www.brecorder.com/news/8524 Thu, 24 Mar 2011 16:00:54 +0500 none@none.com (Asad Naeem)