ISLAMABAD, May 21 (APP): Pakistan Single Window and Export-Import Bank of Pakistan have signed a Memorandum of Understanding (MoU) aimed at strengthening data-driven trade finance and promoting export growth in the country. Under the agreement, Pak EXIM will utilize PSW\u2019s national digital trade infrastructure as a source of verified trade data to support underwriting, risk assessment for export credit insurance products, government-backed export finance schemes and other financial services.<\/p>\n
According to a press release issued on Thursday, the integration of real-time trade information with official credit mechanisms is expected to improve risk evaluation, streamline financial processing and expand exporters\u2019 access to finance. The collaboration is particularly designed to address long-standing challenges faced by small and medium-sized enterprises (SMEs), which often struggle to meet traditional collateral and documentation requirements for obtaining trade finance facilities.<\/p>\n
By leveraging transaction-level trade data available through PSW, Pak EXIM will be able to adopt more evidence-based and efficient credit assessment methodologies. Speaking on the occasion, Syed Aftab Haider said the partnership represented the next phase of digital trade reforms, where trade facilitation and trade finance ecosystems are becoming increasingly interconnected. He added that the use of authenticated trade data would help reduce information gaps, improve transparency and ensure timely access to financial products for exporters.<\/p>\n
Meanwhile, Shahbaz Hussain Syed said that as Pakistan\u2019s official export credit agency, Pak EXIM was expanding institutional partnerships to strengthen support mechanisms for exporters. He noted that access to PSW\u2019s digital trade data platform would significantly enhance analytical capabilities and contribute to more informed and efficient decision-making in trade finance operations.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, May 21 (APP): Pakistan Single Window and Export-Import Bank of Pakistan have signed a Memorandum of Understanding (MoU) aimed at strengthening data-driven trade finance and promoting export growth in the country. Under the agreement, Pak EXIM will utilize PSW\u2019s national digital trade infrastructure as […]<\/p>\n
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