Standard Chartered, IFC launch $400 million trade finance facility for Pakistani exporters
The new risk-participation agreement doubles a 2022 facility, aiming to boost foreign exchange inflows and expand working capital for major firms
Business Desk
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Standard Chartered Bank Pakistan and the International Finance Corporation (IFC) have launched a $400 million risk-participation facility to support short-term trade and working capital financing for large Pakistani corporates and exporters, the two institutions announced.
The facility, formalized in September, expands on a previous $200 million agreement signed in December 2022 and is designed to help strengthen foreign exchange inflows and promote sustainable economic growth.
“We are delighted to further solidify our enduring partnership with IFC through this groundbreaking agreement,” said Rehan Shaikh, CEO and Head of Coverage for Standard Chartered Pakistan. “As a bank with a strong trade focus and a presence in 53 markets across Asia, Africa, and the Middle East, this collaboration empowers us to better support our clients, helping them expand their businesses and enhance their growth potential.”
Momina Aijazuddin, IFC’s Regional Head of Industry for the Financial Institutions Group in the Middle East, Türkiye, Central Asia, Pakistan, and Afghanistan, said the partnership reflected IFC’s commitment to strengthening Pakistan’s financial sector and supporting export-driven industries.
“By doubling the size of our risk-participation facility, we are helping unlock vital trade and working capital financing for businesses that drive growth, create jobs, and contribute to the country’s long-term economic resilience,” she said. “Together, we are advancing inclusive and sustainable development through innovative financial solutions tailored to Pakistan’s evolving needs.”
According to the announcement, the new program will enhance the availability of trade and working capital loans, including supply chain financing and sustainable finance products, particularly for export-oriented and large-scale manufacturing industries. Both institutions said the initiative leverages their experience in trade finance to help improve liquidity and access to capital for businesses across Pakistan.
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