EXIM Bank of Pakistan

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33°44′00″N 73°05′19″E / 33.7333°N 73.0887°E / 33.7333; 73.0887

Export-Import Bank of Pakistan
Native name
ایکسپورٹ-امپورٹ بینک آف پاکستان
Company typeState-owned
IndustryBanking
Founded11 June 2015; 10 years ago (11 June 2015) (as public limited entity)
October 2022; 3 years ago (October 2022) (by law)[1]
HeadquartersIslamabad, Pakistan
Key people
Shahbaz H. Syed (President & CEO)[2]
ProductsFinancial services
OwnerGovernment of Pakistan
RatingAAA (by PACRA)
Websiteeximbank.gov.pk

The Export-Import Bank of Pakistan, also known as the EXIM Bank of Pakistan (EBP), is the official export credit agency (ECA) of Pakistan.[3] Headquartered in Pakistan's capital, Islamabad, the bank was established as a state-owned enterprise (SOE) in October 2022 to stimulate the growth and diversification of the country's exports and assist in the implementation of import substitution plans.[4][5][6][7]

The EBP was initially incorporated with the Securities and Exchange Commission of Pakistan (SECP) as a public limited entity by the Pakistani government on 11 June 2015, and it was declared a Development Finance Institution (DFI) in December.[8][9][10][11] However, the bank began formal operations years later, on October 2022, following its official establishment under the Export-Import Bank of Pakistan Act, 2022, which was ratified by the Senate on 30 September 2022 and signed into law by former President Arif Alvi on 14 October 2022.[12][13] The bank was formally launched and inaugurated on 22 December 2023 by caretaker finance minister Shamshad Akhtar.[14][15]

On 21 March 2025, the Economic Coordination Committee (ECC) approved phasing out the State Bank of Pakistan's long-term financing to the EBP.[16]

Overview

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Per the EBP's website, the bank was established as the official export credit agency of Pakistan to support, develop and promote international trade and Pakistan's competitiveness in the international market by providing trade financing, trade credit insurance, equity participation, and trade services, among other services.[3]

According to the Export-Import Bank of Pakistan Act, 2022, the EBP was established for the following purposes:[17]

  • Supporting, promoting and developing international trade, trade investments, export-oriented and imported substituting businesses and industries in accordance with the provisions of this Act and the national trade policies and programs of the Federal Government
  • The administration, operation and management of such international trade schemes as may be transferred or outsourced to the Bank by the Federal Government or any of its agencies, or the State Bank, as a trustee, agent, or service provider.

The Exim Bank of Pakistan is mandated to provide innovative products to support the growth of exports and foreign direct investment by mitigating related risks. It will provide an enabling environment and level-playing field to Pakistan-based exporters.[12]

As of June 2025, the EBP has a long-term credit rating of AAA as assessed by the Pakistan Credit Rating Agency (PACRA).[18]

See also

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References

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  1. ^ "Exim Bank of Pakistan | Who we Are". 12 January 2017.
  2. ^ "Export-Import Bank of Pakistan welcomes new President & CEO, Shahbaz H. Syed". EXIM Bank of Pakistan. 4 November 2025. Retrieved 10 December 2025.
  3. ^ a b "WHO WE ARE - EXIM Bank". EXIM Bank of Pakistan -. 12 January 2017. Archived from the original on 3 August 2024. Retrieved 11 December 2025.
  4. ^ Vacancy announcement finance.gov.pk
  5. ^ Ahmed, Ali (14 October 2020). "Govt approves Export-Import Bank of Pakistan Bill". Business Recorder. Retrieved 11 July 2022.
  6. ^ Exim Bank of Pakistan gov.pk
  7. ^ Siddiqui, Salman (26 December 2023). "EXIM to become operational soon". The Express Tribune. Retrieved 11 December 2025.
  8. ^ Zaidi, Erum (13 June 2017). "Efforts to operationalise EXIM Bank expedited". The News International. Retrieved 11 December 2025.
  9. ^ Paracha, Shahzad (13 October 2020). "Cabinet approves enactment of EXIM Bank of Pakistan Act 2020". Profit by Pakistan Today. Retrieved 11 December 2025.
  10. ^ "EXIM Bank of Pakistan". Devex. Retrieved 11 December 2025.
  11. ^ Ilyas, Muhammad (3 October 2019). "Pakistan's first export, import bank may start operations in 2020". The Express Tribune. Retrieved 11 July 2022.
  12. ^ a b Hasnain, Khalid (2 October 2022). "Exim Bank starts formal operations". Dawn. Retrieved 11 December 2025.
  13. ^ "President ratifies Export-Import Bank of Pakistan Bill". Radio Pakistan. Archived from the original on 14 October 2022. Retrieved 11 December 2025.
  14. ^ "Finance minister launches EXIM to boost global trade". The Express Tribune. Associated Press of Pakistan. 22 December 2023. Retrieved 11 December 2025.
  15. ^ "Pakistan's Export-Import Bank formally launched". Profit by Pakistan Today. 21 December 2023. Retrieved 11 December 2025.
  16. ^ Dilawar, Ismail (21 March 2025). "Pakistan approves phasing out of long-term financing to Exim Bank". Arab News. Retrieved 11 December 2025.
  17. ^ "The Export-Import Bank of Pakistan Act, 2022" (PDF). National Assembly of Pakistan. Archived (PDF) from the original on 8 May 2025. Retrieved 10 December 2025.
  18. ^ Malik, Ali Arslan (27 June 2025). "PACRA Maintains the Entity Ratings of Export-Import Bank of Pakistan". Pakistan Credit Rating Agency (PACRA). Retrieved 12 December 2025.
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