News Column

WB specialist advises Pak businessmen to benefit from IFC

February 26, 2014

International Trade Finance Specialist of World Bank, Rogers Le Baron has advised Pakistani business community to benefit from International Finance Corporationís (IFC) Global Trade Finance Program (GTFP).

The GTFP guarantees trade related payment obligations of approved financial institutions in emerging markets across all regions of the world, he said during his visit Karachi Chamber of Commerce and Industry (KCCI) , said a KCCI release on Tuesday.

Highlighting the salient features of GTFP program during his visit to Karachi Chamber, Rogers Le Baron said that through GTFP bank network, local financial institutions can establish working partnerships with a vast number of major international and regional banks in the program.

Currently, thirteen Pakistani banks are associated with GTFP network, he added.

President KCCI, Abdullah Zaki, Senior Vice President KCCI, Muffasar A. Malik, Vice President KCCI, Muhammad Idrees, Analyst, South Asia Financial and Private Sector Development Unit of World Bank, Sarmad Ahmed Shaikh, Managing Committee members of KCCI were also present at the meeting.

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Source: Balochistan Times (Pakistan)

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