Print Print edition: 2023-07-09 Jeddah-based ITFC signs deal to fund $1.4bn of Bangladesh oil imports Published July 9, 2023 Updated July 9, 2023 09:05am Save Saved 1 min Comments By Reuters Add BRecorder as a trusted source on Google JEDDAH: The International Islamic Trade Finance Corporation (ITFC), which is based in Jeddah, signed a $1.4 billion financing plan with Bangladesh to fund the country’s oil imports, the Saudi state news agency (SPA) said on Saturday. Dar apprises ITFC CEO of macroeconomic situation “This financing plan will enable the Bangladesh Petroleum Company to import oil products from July 2023 to June 2024,” SPA said. Bangladesh Oil OIL IMPORTS ITFC Comments Comments are closed for this article. More Stories S&P raises Pakistan's sovereign rating to 'B', citing reforms implementation Pakistan seeks $10bn in US backstop facility to boost reserves Aurangzeb seeks US support for Pakistan in Bessent meeting Negative sentiments drive selling at PSX, KSE-100 down nearly 1% Pakistan courts Samsung for smartphone exports as tech giant seeks tariff support Pakistani rupee registers gain against US dollar Analysts expect SBP to maintain status quo as Middle East conflict escalates Gold per tola gains Rs4,600 in Pakistan 10 terrorists killed, two female suicide bombers arrested in Balochistan: ISPR War in Iran has cost the US $37.5 billion so far, Pentagon says Hormuz vessel crossings fall further as security concerns linger Browse all stories
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