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

Exploring Kalabagh: The Historic City in Mianwali District

Kalabagh, a small yet historically significant town in Pakistan’s Punjab province, is located within the…

1 day ago

Nazimabad Number 2: A Well-Known Residential Area in Karachi

Nazimabad Number 2 is a well-known neighbourhood in Karachi, Pakistan, renowned for its vibrant community,…

2 days ago

A Guide to Quetta Town in Karachi

Quetta Town is a residential neighbourhood located in the vibrant city of Karachi, Pakistan. Known…

3 days ago

Akbar Chowk Lahore: A Focal Point of Connectivity

Akbar Chowk in Lahore stands as one of the city’s most critical intersections, serving as…

4 days ago

A Guide to Khuda Baksh Colony Lahore

Khuda Baksh Colony, located near Bhatta Chowk in Lahore, is a rapidly developing residential area…

5 days ago

Gol Market Karachi: A Vibrant Commercial Hub

Gol Market in Karachi is one of the city's most iconic and bustling commercial centres.…

2 weeks ago