HBL and EXIM Sign MoU to Support Pakistan’s Export Growth

HBL and EXIM Bank of Pakistan Join Forces to Boost Export Growth

In a move to support Pakistan’s export growth, HBL and the Export-Import Bank of Pakistan (EXIM) have signed a memorandum of understanding (MoU) to collaborate on trade credit insurance facilities. This partnership aims to enhance the overall risk-taking capacity in the country and create a secure environment for exporters, with a special focus on small and medium enterprises (SMEs) and emerging corporate/commercial-tier exporters.

The export receivables discounting initiative, a first-of-its-kind in Pakistan, will leverage HBL’s industry-leading SME-lending portfolio of over Rs100 billion and EXIM’s role as Pakistan’s official export credit agency (ECA). This collaboration signifies a commitment to grow the SME business in a significant and sustainable way through cash-flow-based lending.

President and CEO of HBL, Muhammad Nassir Salim, expressed his excitement about the collaboration, stating, “This is a significant step forward in supporting Pakistan’s export growth, particularly for SMEs and emerging exporters.” He emphasized HBL’s expertise in SME financing and its dedication to providing innovative export credit insurance solutions in partnership with EXIM.

CEO and President of EXIM, Irfan Bukhari, highlighted the importance of mitigating credit risks associated with export receivables to safeguard the financial stability of exporters and banks. He noted that the partnership aims to enhance SMEs’ access to financing, empowering them to expand their exports and contribute to Pakistan’s economic growth.

Overall, this collaboration between HBL and EXIM holds promise for boosting Pakistan’s export sector and creating new opportunities for SMEs and emerging exporters.