The CEO of the Islamic Trade Finance Corporation (ITFC), Eng. Hani Salem Sonbol, headed a group that met with Finance Minister Muhammad Aurangzeb.
Throughout the meeting, the Minister commended ITFC’s pledge to provide $3 billion in commodity financing over the following three years through a framework agreement. 269 million dollars will be made available right away through a combination of direct funding and syndication.
In response to ITFC’s commitment to diversifying its holdings in Pakistan, the finance minister promised the government’s full cooperation.