Islamic Development Bank to finance Pakistan’s economic uplift
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
ISLAMABAD: The Capital Development Authority (CDA) has recorded a historic development expenditure of Rs25 billion…
ISLAMABAD: The federal government is set to inaugurate the Islamabad Information Technology Park on August…
Lahore, April 23, 2025 – The city of Lahore has successfully completed the construction of…
ISLAMABAD, Pakistan – April 23, 2025 – Chaaye Khana, Pakistan's popular cafe renowned for its…
ISLAMABAD: Prime Minister Shehbaz Sharif laid the foundation stone for the Murree Road underpass on…
DUBAI: Pakistani real estate developers and representatives showcased a range of commercial and residential investment…