IFC Signs First $100 Million Deal with Pakistani Private Bank Alfalah

The International Finance Corporation (IFC), the World Bank’s commercial arm, has signed its first $100 million financing agreement with Pakistan's Bank Alfalah under the Diversified Payment Rights (DPR) Programme.

21 Aug, 02:37 — 21 Aug, 02:37

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DawnMostly Factual3d ago

International Finance Corporation signs first $100m deal with private bank

ISLAMABAD: In a first, the International Finance Corporation (IFC), the World Bank’s commercial arm, and Bank Alfalah on Thursday signed a $100 million financing under the Diversified Payment Rights (DPR) Programme. The financing agreement was signed at the Ministry of Finance by Momina Aijazuddin, the IFC’s Regional Industry Director, Financial Institutions Group for Middle East & Central Asia, and Atif A. Bajwa, President & CEO of Bank Alfalah Ltd. Finance Minister Muhammad Aurangzeb presi...

By [email protected] (The Newspaper's Staff Reporter)

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IFC Signs First $100 Million Deal with Pakistani Private Bank Alfalah

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International Finance Corporation signs first $100m deal with private bank

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