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.
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