EXIM Bank and ICIEC to Boost Export Support through New LCCI Help Desk and Funding Initiatives
EXIM Bank of Pakistan, together with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), announced a series of agreements and a Rs 3 billion export‑credit fund, plus a new help desk at the Lahore Chamber of Commerce and Industry, aimed at expanding financing and insurance for exporters, especially SMEs.
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Export‑support measures boost textile and industrial exporters, creating a Buy bias on related tickers.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- TextilePositively affected
- EconomyPositively affected
Companies
Mentions in This Briefing
Sectors: Textile, Economy — Positive · Buy bias. PSX tickers: ISL, INDU. Export‑support measures boost textile and industrial exporters, creating a Buy bias on related tickers.
Full Story
Open on Business Recorder## Government‑backed Export Credit Agency Expands Support
President of EXIM Bank of Pakistan, Shahbaz Hussain Syed, confirmed that the bank, a fully government‑owned export credit agency, is intensifying its engagement with the private sector. He highlighted three recent agreements signed in Islamabad in the presence of the Federal Finance Minister.
## First Insurance Agreement with ICIEC
The bank signed its inaugural insurance pact with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC). The deal is expected to broaden risk‑coverage products for Pakistani exporters, giving them greater confidence to pursue overseas orders.
## Rs 3 billion Export Development Fund
In partnership with the Export Development Fund, EXIM Bank launched a Rs 3 billion credit‑insurance facility aimed at addressing the financing gaps faced by SMEs—particularly the lack of collateral and documentation. The fund will protect exporters against commercial and political risks and facilitate access to working‑capital financing against insured export contracts.
## Digital Platform Partnership
EXIM Bank also entered into an agreement with AutoSoft to develop a digital platform that will streamline and digitise its services, improving speed and accessibility for exporters.
## LCCI Help Desk for Exporters
Lahore Chamber of Commerce and Industry (LCCI) President Faheem Ur Rehman Saigol pledged full cooperation to EXIM Bank and ICIEC. A dedicated help desk will be set up at LCCI to guide its 48,000‑member companies—ranging from large manufacturers to SMEs—on export‑related financing, insurance and regulatory matters.
## Broader Industry Engagement
The bank is organising CEO round‑tables with leading banks and chambers to identify exporter challenges and devise practical solutions, reinforcing its business‑oriented approach despite limited resources.
## Outlook
These coordinated efforts aim to diversify Pakistan’s export base, reduce the current trade deficit (imports near USD 70 billion), and generate foreign‑exchange inflows, which could positively influence export‑driven sectors on the PSX.