Introduction
The EXIM Bank of Pakistan is a fully owned federal government corporation, and is the official export credit agency (ECA) of Pakistan. Its mandate is to assist in financing and facilitating Pakistan’s exports of goods and services to support employment and sustainable economic growth in the country. EXIM Bank of Pakistan Act is expected to be ratified by the Parliament, and once ratified, the Bank will be regulated by SBP. In the interim, SECP continues to be its regulator.
Export-led growth has a direct correlation to more opportunities for job creation, enhanced generation of foreign exchange, and business and SME growth. Government of Pakistan is increasingly prioritising the role of export growth and diversification to support broader economic growth and stability. EXIM Bank serves as a growth engine for industries and SMEs through a wide range of products and services.
The govt of Pakistan has prioritized trade led economic growth by adopting comprehensive interventions for reducing the cost of doing business in the country.
The EXIM Bank of Pakistan aims to play a significant role in achieving the government’s fiscal targets through various financial and financial initiatives.
EXIM Bank is 100 percent government owned and was established in 2020, to serve as the development bank for Pakistani exporters filling market gaps left by commercial banks. EXIM Bank is a key policy instrument in the national plan to grow Pakistani exports and become a competitive global market for trade and investments.
Serving as a ‘one-stop-shop’ for exporters and export growth, EXIM Bank offers a support network to Pakistani exporters seeking to diversify into new markets regionally and globally. EXIM Bank’s financing solutions improve the competitiveness of Pakistan’s exporters, enabling more enterprises to export and spurring economic growth for the nation.
The aim is to diversify Pakistan’s exports in terms of product and geographical diversification. Through various initiatives the government plans the country’s exports will reach $50 billion by 2023.
How does it work
To support exporters enhance their efficiency by upgrading to world class state of the art machinery and production facilities and mitigating commercial and political risks associated with cross-border trade. As well, to support the implementation of export driven and import substituting Foreign Direct Investment, by providing required financing and risk mitigation products and services.
Through international and local partnerships, strengthening Pakistani enterprises, especially SMEs, by providing financial resources and risk management tools to facilitate geographical and sectorial diversification of Pakistan’s trade in a sustainable manner.
Contributing towards a positive trade balance for Pakistan.
Our Values
We are an institution that values and takes pride in:
-
- Being Responsive that allows EXIM Bank to understand and adapt to the needs of the market, exporters, and stakeholders in an efficient, proactive, and innovative manner.
-
- Having the highest level of Integrity in all of the Bank’s operations, client interactions, and stakeholder relationships ensuring that EXIM Bank upholds high standards and is a trusted catalyst and partner for Pakistani exporters and stakeholders.
-
- Creating Partnerships with national and international stakeholders which allows EXIM Bank to identify and realize growth opportunities for Pakistani exporters.
-
- Achieving Excellence in its operations that drives economic impact based on additionality that contributes towards building EXIM Bank’s reputation in the market as a key partner in facilitating and enhancing risk taking capacity in the country to support the growth of trade, exports and investment