Diversifying portfolio in Pakistan: Minister vows support to ITFC
==========

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, assured full support to Islamic Trade Finance Corporation (ITFC) for diversifying its portfolio in Pakistan; ITFC plans to provide USD 3 billion for commodity financing over three years and immediate USD 269 million through direct financing and syndication; Minister attended a roundtable with institutional investors organized by Jefferies International, highlighting positive economic indicators from the successful Stand-By Arrangement (SBA); emphasized reforms to increase tax-to-GDP ratio, reduce energy sector losses, and improve governance of State-Owned Enterprises (SOEs); met with IMF officials to discuss social protection measures and climate resilience financing; acknowledged Pak-US economic partnership and invited US investments in agriculture, IT, energy, and minerals; reported credit rating upgrades by Fitch and Moody’s; developing a Sustainable Finance Framework (SFF) for green capital market access.

#Pakistan #Itfc #Finance #EconomicReforms #Investment #Imf #Sba #ClimateResilience #UsPartnership #CommodityFinancing

https://www.brecorder.com/news/40328937/diversifying-portfolio-in-pakistan-minister-vows-support-to-itfc