Pakistan's EXIM Bank offers up to 90% export risk coverage as commerce minister seeks wider financing access

According to Profit, Pakistan's EXIM Bank is offering export credit cover of up to 90% against eligible commercial and political risks linked to overseas deals. The bank's chief executive, Shahbaz H. Syed, presented the scheme at a meeting with Federal Commerce Minister Jam Kamal Khan, with Secretary Commerce Jawad Paul also present. Syed said the cover protects exporters against buyer default and events that block payments or fund transfers from destination markets.

Syed added that underwriting depends on the overseas buyer's creditworthiness and the risk profile of the destination market, which lets first-time exporters apply too. He also pointed to commercial banks as possible partners and sales channels, noting that insured receivables could help exporters obtain loans, subject to lender conditions and the regulatory framework.

Jam Kamal Khan urged broader access to insurance and credit so that small producers and new exporters can reach foreign markets, handle payment risk and grow. He proposed tighter coordination between EXIM Bank and trade officers posted abroad, and suggested the bank explore links with overseas export credit agencies. He also asked the bank to take a bigger role at trade fairs such as FoodAg, while keeping time for business meetings.