Pakistan to expand export financing via EXIM Bank and digital portals
Commerce Minister Jam Kamal Khan said Pakistan is operationalising its Export-Import Bank and digitalising export credit. He spoke at the 42nd COMCEC session in Istanbul on Tuesday.
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- Pakistan is operationalising EXIM Bank and digitalising export credit processes.
- Concessional financing for exporters has been substantially enhanced, the minister said.
- Jam Kamal Khan spoke at the 42nd COMCEC session in Istanbul.
Pakistan is working to strengthen export financing by operationalising its Export-Import Bank, digitalising export credit processes and expanding concessional financing, Commerce Minister Jam Kamal Khan said on Tuesday. The aim is to improve exporters' access to credit and strengthen their position in international markets.
He made the remarks at the 42nd Session of the Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of Islamic Cooperation (OIC). The session was held in Istanbul and chaired by Türkiye's Vice President Cevdet Yılmaz. Its theme is developing effective trade financing tools for increasing exports in OIC member countries.
The minister said the Export-Import Bank of Pakistan (EXIM Bank) now offers trade credit insurance, guarantees and refinancing facilities. He added that concessional financing facilities for exporters have been substantially enhanced.
On digitalisation, he said export credit processes are being moved onto integrated online portals that link commercial banks and development finance institutions. These portals are expected to cut processing times and improve financing access for micro, small and medium enterprises (MSMEs).
Pakistan is also expanding Shariah-compliant financing instruments, including Murabaha, Salam and Ijarah, the minister said. He stressed the need for affordable and innovative financing, particularly for small and medium enterprises.
Jam Kamal Khan noted that Pakistan hosts the headquarters of the Islamic Chamber of Commerce and Development (ICCD), which connects the private sectors of 57 Islamic countries. He said Pakistan would keep supporting the ICCD as a link between businesses and policymakers.
He called for closer cooperation among member states in digital integration, artificial intelligence and sustainable development. He also appreciated COMCEC's role in promoting multilateral economic cooperation and reaffirmed Pakistan's commitment to stronger economic and commercial partnerships with OIC members.
Why it matters
Easier access to cheaper export credit affects exporters' earnings and jobs in Pakistan, particularly among small and medium enterprises.
