IFC Approves $20 Million Loan For Novatex To Support Pakistan’s Packaging Industry
The International Finance Corporation has approved up to $20 million in financing for Novatex Limited to fund raw materials and equipment imports, support export-oriented industries and expand recycled PET production in Pakistan.
US EXIM Bank To Review $1.25 Billion Reko Diq Financing Package As Project Costs Are Recalculated
US Export Import Bank will revisit its proposed $1.25 billion financing package for Pakistan’s Reko Diq copper and gold project as project costs and the final financing structure are reassessed.
SBP and IFC Sign Strategic Agreement to Expand Local Currency Financing in Pakistan
The State Bank of Pakistan and International Finance Corporation have inked a landmark agreement to strengthen local currency financing in Pakistan, aiming to support private sector growth and reduce foreign currency exposure for businesses.