IFC steps up funding for Pakistan

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25 February 2010

The International Finance Corporation has recorded an 80% rise in the number of trade finance guarantees approved for Pakistan last year compared to 2008.

The International Finance Corporation (IFC), a member of the World Bank group, has announced that it provided Pakistani banks with $202 million (over Rs17billion) in trade finance guarantees over the first half of fiscal year 2010.

Thanks to support from IFCs global trade finance programme, Pakistani banks executed trade transactions...

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