Islamic Development Bank to finance Pakistan’s economic uplift

invest with imarat

Islamabad’s emerging city centre

Learn More

Islamabad: Islamabad Chamber of Commerce (ICC) hosted a dinner of the business community on Monday. At the event, the Islamic Development Bank (IDB) President Dr Bander MH Hajjar expressed his keen interest in supporting Pakistan for its economic growth and social uplift. It had already financed a total of $12.43 billion into some key projects like Jamshoro power station, Neelum-Jhelum hydroelectric power project and more.

He revealed that IDB wanted to contribute in the areas of science, innovation, technology, economic empowerment, value chains and public-private partnerships. The IDB delegation also discussed the financing needs of local businesses in order to strengthen the small and medium enterprise (SME) sector. The delegation expressed a strong interest in the setting up of a joint fund with ICCI for supporting SMEs and innovators in business expansion and development.

The delegation included representatives from the International Islamic Trade Finance Corporation (ITFC), Islamic Corporation for the Development of Private Sector (ICD), Islamic Research and Training Institute (IRTI) and Islamic Corporation for Insurance and Export Credit (ICIEC).

For news and updates keep on visiting Graana blog

Maham Tahir

Recent Posts

CDA Requests Additional Rs2 Billion Grant to Continue 10th Avenue Development

ISLAMABAD: The Capital Development Authority (CDA) is looking to the federal government for an additional…

9 hours ago

Islamabad’s Capital Hospital to Be Upgraded Under CDA-ADB Agreement

ISLAMABAD: The Capital Development Authority (CDA) and the Asian Development Bank (ADB) have entered into…

1 week ago

CDA to Issue Possession Letters for E-12 Sector After Eid

Islamabad: The Capital Development Authority (CDA) has announced plans to issue possession letters to allottees…

1 week ago

Graana.com Announces Property Festival 2025 to Revitalize Islamabad’s Real Estate Sector

Islamabad, [24 March 2025] – Graana.com, Pakistan's leading online real estate marketplace, is proud to…

2 weeks ago

Graana.com Proudly Partners with IAP for Graana Property Festival 2025

Islamabad, Pakistan – March 2025: Graana.com, Pakistan’s leading real estate platform, has proudly partnered with…

2 weeks ago

Sindh Government Reviews Measures to Regulate Real Estate Sector

KARACHI: Sindh Local Government Minister Saeed Ghani chaired a meeting on Monday to review measures…

2 weeks ago