EXIM Bank Pakistan signs MoU with Turkish counterpart

February 14, 2025 (MLN): Export-Import Bank of Pakistan (EXIM Bank) has signed a Memorandum of Understanding (MoU) with its Turkish counterpart during the official visit of Turkish President Recep Tayyip Erdogan to Pakistan.

The agreement was exchanged between Çagatay Özden, Head of Department for Asia and Pacific Countries at Türkiye’s Ministry of Trade, and Abdul Hafeez, Acting CEO and President of EXIM Bank of Pakistan.

The MoU, supplementing discussions at the Pakistan-Turkey High-Level Strategic Cooperation Council’s Joint Working Group on Banking & Finance, aims to strengthen cooperation between the two Export Credit Agencies (ECAs).

The collaboration will focus on project financing in third countries through joint ventures, joint research initiatives, and knowledge exchange.

Commenting on the agreement, Çagatay Özden expressed confidence that the partnership will enhance trade and investment opportunities, leveraging mutual strengths to support export sector growth.

Abdul Hafeez welcomed the collaboration, highlighting its significance in diversifying Pakistan’s exports and benefiting from Türkiye’s extensive expertise, as per the press release.

This MoU is a testament to the deepening economic ties between Pakistan and Türkiye, reaffirming the strong bilateral relations between the two nations.

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