HBL and EXIM Bank enter into BMP arrangement to support export sector

According to Business Recorder, HBL and EXIM Bank have signed a Bank Master Policy (BMP) arrangement that gives Pakistani exporters access to export credit insurance. Under this framework, EXIM Bank will cover the export receivables of eligible exporters, allowing HBL to back those businesses more effectively. The signing took place in Karachi during the EXIM Bank and ICIEC Exporters' Gathering, where senior representatives from HBL, EXIM Bank, ICIEC and the exporting community were present.

The two institutions say the arrangement is meant to improve access to finance, give exporters more confidence when entering new markets and dealing with new buyers, and extend export cover to newer exporters. EXIM Bank president Shahbaz Hussain Syed described the deal as a major achievement for Pak EXIM and an early step in its BMP portfolio, and tied it to a recent reinsurance agreement. HBL president and CEO Muhammad Nassir Salim said the bank's trade and export finance expertise, combined with EXIM's credit insurance, would help it take on more risk and reassure exporters.