The chief executive officer of DF Deutsche Forfait AG Pakistan (Pvt) Limited, Salman Mamoon Ahmad confirmed that his organisation had decided to tap the virgin Pakistani market by introducing export finance services.
These services, utilised the world over since the last century, have not been available to the market in Pakistan till now, and would be based on forfeiting that would reduce significantly the risks faced by small and medium sized exporters, particularly. This service is also expected to help enhance overall exports of Pakistan by a billion dollars in the first 3 years.
The services of DFAG will be of greater and more significant value in exports to new, emerging and difficult markets for Pakistani exports. DF Deutsche Forfait AG Pakistan (Pvt) Ltd is already registered with the SECP and should commence operations imminently.
In discussion with TDAP, as facilitators, represented by Sajjad Haider Malick, Executive Director Export Finance Services, Mamoon indicated that the offices of DF Deutsche Forfait AG Pakistan (Pvt) Ltd, as a subsidiary of DF Deutsche Forfait AG, Cologne Germany would be located in Lahore and would manage the national export finance needs.
The office, will in effect, act as a Representative Office for marketing and customer services in Pakistan for their global operations based in Cologne, Germany. Mamoon said, "We are grateful to TDAP for all the encouragement and facilitation provided in the numerous interactions by Tariq Ikram, the Chief Executive of TDAP and his team since the very first meeting held with our Vice Chairman, Shezad Rokerya, way back in early 2006 which primarily assisted and encouraged our coming to Pakistan".
TDAP has also facilitated DFAG's linkage and partnering with a strong multinational bank in Pakistan to provide the exporter customers of banks with easy access to DF Deutsche Forfait AG services. DF, as a trade finance company will, in time, develop and offer the Pakistani market an range of Export Finance products to further facilitate the country's exports under the Rapid Growth Strategy and the overall development of trade.
Ulrich Wipperman, the Chairman of DF Deutsche Forfait AG Pakistan (Pvt) Ltd, when contacted, further that he foresee a great potential for business in Pakistan with its robust and sustained economic growth over the last six years coupled with the continued national effort of creating increase in exports of merchandise and services.-PR
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