Finance Minister Ishaq Dar Monday chaired a meeting to review arrangements for the launch of Exim Bank, announced as a budgetary initiative for fiscal year 2014-15. The Secretary Finance briefed the minister that all spade work for the launch had been completed and explained that to start with the bank would be launched as a DFI with an authorised capital of Rs 10 billion.
The minister issued instructions to prepare a comprehensive business plan for his consideration before launching of the bank. He said founding of this bank meant to promote export refinance facilities and support the small and medium scale enterprises. The government seriously wanted that the bank should help promote exports and managed professionally, Dar emphasised.-PR
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