AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)

ECO Trade Development Bank (ECO-TDB) will provide financial assistance to Pakistani exporters to promote their trade with other members of Economic Co-ordination Organisation (ECO). This was stated by the president of ECO Bank, Murat Ulus while talking to chief executive Trade Development Authority of Pakistan Tariq Ikram here on Wednesday.
He said that ECO Bank has two primary motive of its establishment in Pakistan. First, is to increase input in regional trade between ECO members and second, is to promote economic development in the country by exploring venues for financing needy sectors.
He said that ECO Trade Development Bank will also look into the possibilities for collaboration with commercial banks in Pakistan having good portfolio and experience of working with small and medium enterprises (SME). While welcoming the establishment of ECO Trade Development Bank in Pakistan, Tariq Ikram said that the country lacks spectrum of financial services for local exporters, which included risk management, collateral management for SMEs.
Tariq Ikram said that TDAP had signed several memorandums of understanding (MoUs) with various countries to explore possibilities of trade development. He said TDAP would welcome the possibility of singing MoU with ECO Trade Development Bank and act as a conduit between ECO Bank and Pakistani exporters to further facilitate export promotion.
Murat Ulus assured that all the suggestions of TDAP will be evaluated, as collaboration was vital for ECO Bank and the proposal of an MoU will be looked into shortly. Secretary TDAP Naved Arif pointed out that there was a huge potential in food processing and the right step in this direction can enhance exports.

Copyright Associated Press of Pakistan, 2008

Comments

Comments are closed.