In a significant move to enhance Pakistan’s foreign exchange inflows and stimulate economic activity, Standard Chartered Bank Pakistan and the International Finance Corporation (IFC) today unveiled a new $400 million risk-participation agreement designed to bolster trade finance for the nation”s key corporations and exporters.
The new facility, a member of the World Bank Group, will provide vital support for short-term trade and working capital, enabling major local businesses to expand their operations and contribute to sustainable economic growth.
Formalized in September 2025, this initiative represents a substantial expansion of a previous collaboration, effectively doubling the joint $200 million facility that was committed in December 2022. The arrangement leverages the extensive experience of both institutions within Pakistan”s export-oriented and large-scale manufacturing industries.
Rehan Shaikh, CEO and Head of Coverage at Standard Chartered Pakistan, described the pact as a “groundbreaking agreement” and a “unique collaboration.” He emphasized that the bank”s strong trade focus and significant international presence are instrumental in promoting global trade and that this partnership empowers the bank to better facilitate client growth.
Momina Aijazuddin, IFC’s Regional Head of Industry, affirmed the organization”s deep commitment to strengthening Pakistan’s financial sector. She noted that by doubling the facility”s size, the collaboration is “helping unlock vital trade and working capital financing for businesses that drive growth, create jobs, and contribute to the country’s long-term economic resilience.”
The program is expected to drive economic progress by increasing the availability of crucial loan facilities, including specialized products for supply chain financing and sustainable finance, tailored to meet the evolving needs of the country”s economy.