On June 9th, 2022, the National Assembly passed the “The Export-Import Bank of Pakistan Bill, 2022” with the Government’s intention to establish the Export-Import (EXIM) Bank of Pakistan as the official Export Credit Agency of Pakistan for the promotion of international trade.

The Bank, in line with the best international practices, intends to take several initiatives to facilitate Pakistani exporters in the international trade markets, through diversification and expansion of exports and substitution of import products for the best economic interests of the country.

According to the statement of objects and reasons, the government had taken several initiatives for the promotion and development of international trade as well as export oriented industries and import substitution in the national economic interest.

With the Federal Government’s support, The Bank seeks to encourage export-oriented trade investments by supporting their risk-taking capacity through loans, guarantees and insurance products as well as by providing advisory services to priority sectors and segments (SMEs) exporters to help reach their desired business objectives. The Bank aims to provide these products and services both on its own and through partnerships with various financial institutions and insurance providers in and outside Pakistan and will be permitted by the Government to borrow in local and foreign currencies.

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