Finance Minister Ishaq Dar chaired a meeting here Thursday to finalise the modalities for launching the EXIM Bank of Pakistan. Senior officials of the Ministry of Finance, Governor State Bank of Pakistan 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 will give a boost to export focused SMEs 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 gave guidance to the effect that the bank should begin operations at the earliest. Various steps necessary for early operationalisation of the bank were also discussed in detail.
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