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Dar chairs meeting on Exim Bank

Islamabad, March 16, 2015 (PPI-OT): Federal Minister for Finance, Ishaq Dar here on Monday chaired a meeting to review arrangements for launching the Exim Bank, announced as a budgetary initiative for fiscal year 2014-15. Secretary Finance briefed the Minister that all spade work for the launch had been completed and explained that to start with the bank would be launched as a DFI with authorized capital of Rs.10 billion.

The Minister issued instructions to prepare a comprehensive business plan for his consideration before launching of the Bank. He said that founding of this Bank meant to promote export re-finance facilities and support the small and medium scale enterprises. The government seriously wanted that the Bank should help promote exports and managed professionally, Dar emphasized.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

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