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Daily Times July 31, 2021 The Asian Development Bank’s (ADB) Trade and Supply Chain Finance Program (TSCFP) has signed an agreement with Dubai Islamic Bank Pakistan Limited (DIBPL) to support trade in Pakistan. ADB will provide guarantees to help DIBPL expand its trade finance business in Pakistan, said a press statement of the bank received here. TSCFP has been operating in the country since 2008 and the addition of DIBPL increases TSCFP’s Pakistan partner banks to 13 and makes Pakistan one of the program’s most promising markets, it added. To date, the program has supported more than $17.3 billion in trade in Pakistan through 5,891 transactions. This support has predominantly been provided for steel, polypropylene, fertilisers, and machinery for garments and weaving. In 2020, TSCFP supported 650 transactions in Pakistan valued at $1.2 billion, with 51pc co-financed with commercial banks.

Nana khurodzeJunaid ahmedDubai islamic bank pakistan limitedDubai islamic bank pakistanChain finance programAsian development bankDubai islamic bankSupply chain finance programPakistan nanaIslamic bank pakistanதுபாய் இஸ்லாமிய வங்கி பாக்கிஸ்தான் வரையறுக்கப்பட்டவைதுபாய் இஸ்லாமிய வங்கி பாக்கிஸ்தான்சங்கிலி நிதி ப்ரோக்ர்யாம்ஆசிய வளர்ச்சி வங்கிதுபாய் இஸ்லாமிய வங்கிவிநியோகி சங்கிலி நிதி ப்ரோக்ர்யாம்