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International Islamic Trade Finance Corporation (ITFC)

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    • Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector
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Source: International Islamic Trade Finance Corporation (ITFC) |

Meezan Bank Inks Agreement to Join the International Islamic Trade Finance Corporation (ITFC) to Support Private Sector

Meezan Bank is the first bank in Pakistan to partner with ITFC for the LC Confirmation facility

Meezan Bank, Pakistan’s leading Islamic bank is pleased to announce a new strategic partnership with the International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, under the ITFC Letter of Credit (LC) Confirmation product. This product facilitates trade flow by allowing exporters and…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Signs US$ 600 Million Annual Plan with the Islamic Republic of Pakistan (1)
    • International Islamic Trade Finance Corporation (ITFC) Signs US$ 600 Million Annual Plan with the Islamic Republic of Pakistan (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Signs US$600 Million Annual Plan with the Islamic Republic of Pakistan

The collaboration aims to provide vital financial resources to facilitate the importation of essential commodities crucial for Pakistan's economic well-being

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org), a member of the Islamic Development Bank (IsDB) Group signed a US$600 million Annual Plan with the Government of Pakistan. The Plan reflects the longstanding cooperation between ITFC and the Islamic Republic of Pakistan and demonstrates the ITFC steadfast commitment to bolstering…

International Islamic Trade Finance Corporation (ITFC)

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    • The International Islamic Trade Finance Corporation and the Saudi Export-Import Bank (Saudi EXIM Bank) Sign an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in Pakistan under the umbrella of “KSA SMEs Export Empowerment Program”
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Source: International Islamic Trade Finance Corporation (ITFC) |

The International Islamic Trade Finance Corporation and the Saudi Export-Import Bank (Saudi EXIM Bank) Sign an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in Pakistan under the umbrella of “KSA SMEs Export Empowerment Program”

This collaborative endeavour signifies a crucial step forward in fortifying international trade and elevating the contribution of SMEs to the gross domestic product, aligning with the objectives of the Kingdom’s Vision 2030

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and the Saudi Export-Import Bank (Saudi EXIM Bank) have signed an Implementation Agreement for a Line of Financing of USD 25 million in favor of Bank Al Habib Limited in the Islamic Republic of Pakistan. This agreement is strategically designed to catalyse…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation (ITFC) Organizes Workshop on Sovereign Debt Management for Pakistan and Maldives Delegations
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Organizes Workshop on Sovereign Debt Management for Pakistan and Maldives Delegations

The workshop is part of ITFC's broader efforts to support its member countries in their economic development and achieve the United Nations' Sustainable Development Goals (SDGs)

The International Islamic Trade Finance Corporation (ITFC) (http://www.ITFC-idb.org) organized a four-day Training Workshop on Sovereign Debt Management from 27 to 30 March 2023 in Jeddah, KSA, which was attended by delegations from the Government of Pakistan and the Government of Maldives. Organized under the ITFC’s Integrated Trade Solutions framework, the…

International Islamic Trade Finance Corporation (ITFC)

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    • International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan
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Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation Signs US$ 1.2 billion Annual Plan for 2022 in favor of the Islamic Republic of Pakistan

The Annual Plan will provide Integrated Trade Solutions to support Pakistan’s energy and agriculture sectors for sustained economic growth

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signs the Annual Plan for 2022 in favor of the Government of Pakistan, to provide integrated trade solutions to support the energy and agriculture sectors. The US$ 1.2 billion agreement includes financing the import of essential commodities such as crude oil, refined…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

Government of Pakistan and International Islamic Trade Finance Corporation (ITFC) signed New Framework Agreement amounting to US$ 4.5 billion

The Agreement will facilitate identification of other areas of cooperation at country and regional levels and to enhance and promote trade

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) signed a 3-Year Framework Agreement for a cumulative amount of US$4.5 billion with the Government of Pakistan in order to provide financing for the import of essential commodities such as crude oil, refined petroleum products, LNG and urea. Within the context of…

International Islamic Trade Finance Corporation (ITFC)

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    • Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion (1)
    • Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion (2)
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Source: International Islamic Trade Finance Corporation (ITFC) |

Government of Pakistan and International Islamic Trade Finance Corporation signed Annual Financing Plan amounting to US$ 1.1 Billion

The financing available through this facility will be utilized for import of crude oil, refined petroleum products and LNG during the year 2021

Makhdum Khusro Bakhtyar, Minister for Economic Affairs witnessed the signing ceremony of International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org) Annual Financing Plan 2021 for the Government of Pakistan, amounting to US$ 1.1 billion. The document was signed by Mr. Noor Ahmed, Secretary, Economic Affairs Division and Eng. Hani Salem Sonbol,…

International Islamic Trade Finance Corporation (ITFC)
Source: International Islamic Trade Finance Corporation (ITFC) |

International Islamic Trade Finance Corporation (ITFC) Ranks 2nd Globally and as well in Europe, Middle East and Africa (EMEA) as Islamic Finance Bookrunner and Mandated Lead Arranger - Bloomberg Syndicated Loans League Tables 2019

The League Tables, showed that the ITFC provided financing worth in excess of US$2 billion as Bookrunner and Mandated Lead Arranger in 2019

The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), member of the Islamic Development Bank (IsDB) Group, ranked 2nd Globally and as well in Europe, Middle East and Africa’s (EMEA) Islamic Finance listings of the Bloomberg Syndicated Loans League Tables 2019 for the largest Bookrunner and Mandated Lead Arranger. The League…