Finance Minister Muhammad Aurangzeb has emphasized the importance of diversifying Pakistan’s sources of foreign currency financing and developing innovative financing mechanisms to support investment and productive economic activity.
He was speaking at a ceremony in connection with the signing of a project agreement between the International Finance Corporation (IFC) and Bank Alfalah Limited (BAFL) for Pakistan’s first Diversified Payment Rights (DPR) Programme.
The Finance Minister also highlighted the importance of effectively utilizing the financing channel and developing a pipeline of eligible projects requiring foreign currency funding.
The DPR Programme, being pursued under the direction of the Prime Minister, provides an innovative mechanism for mobilizing long-term foreign currency financing through eligible future foreign-currency payment flows. The initiative aims to diversify sources of external financing and facilitate greater access to international capital markets.
