Pak EXIM, Saudi EXIM sign MOU to boost development cooperation

November 19, 2025 (MLN): Pakistan’s Export-Import Bank (Pak EXIM) and Saudi EXIM have signed a significant Memorandum of Understanding (MoU) in Riyadh.

This marked a major step toward deepening institutional cooperation and expanding Pakistan’s international trade support framework.

According to a press release, the MoU establishes a structured platform for collaboration between the two export credit agencies, covering areas such as credit facilities, trade credit insurance, financial guarantees, knowledge sharing, and joint training and capacity-building programs.

The agreement also includes cooperation in events, workshops, and future strategic initiatives, aimed at strengthening the mandates and operational scope of both institutions.

The MoU signing took place during the Global Partners Forum 2025, hosted by Saudi EXIM, which Pak EXIM President & CEO Mr Shahbaz H. Syed attended as part of his maiden international visit.

Congratulating Eng. Saad A. Alkhalb, CEO of Saudi EXIM, on the successful organization of the forum, Mr. Shahbaz stated:
“Being back here with my ex-colleagues of Saudi EXIM and representing my home country in front of them through Pak EXIM is truly an honour.

This MoU is a very important step in furthering Pak EXIM’s international presence & collaborations, and having Saudi EXIM by our side will make our journey all the easier.”

Mr Shahbaz also participated in a panel discussion titled “Exporting in a Service-Driven World – Use Cases from the Global South,” where he highlighted the growing role of services in global trade and Pakistan’s potential to expand in this space with enhanced institutional support.

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