ADB will provide guarantees to help DIBPL expand its trade finance business in Pakistan. TSCFP has been operating in the country since 2008 and the addition of DIBPL increases TSCFP’s Pakistan partner banks to 13.
To date, the program has supported more than USD 17.3 billion in trade in Pakistan through 5,891 transactions. This support has predominantly been provided for steel, polypropylene, fertilizers, and machinery for garments and weaving. In 2020, TSCFP supported 650 transactions in Pakistan valued at USD 1.2 billion, with 51% cofinanced with commercial banks.
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