ISLAMABAD: The Ministry of Finance has finalized a $1 billion syndicated term finance facility, partially guaranteed by the Asian Development Bank (ADB) under the Improved Resource Mobilization & Utilisation Reform Program.
This landmark agreement is aimed at supporting Pakistan’s long-term fiscal resilience and facilitating the country’s return to global financial markets.
Global Islamic Banks Lead the Deal
Dubai Islamic Bank led the transaction as the Sole Islamic Global Coordinator, while Standard Chartered Bank served as the Mandated Lead Arranger and Bookrunner.
Other key financial institutions involved in the arrangement include Abu Dhabi Islamic Bank (ADIB), which acted as Mandated Lead Arranger, along with Sharjah Islamic Bank, Ajman Bank, and Habib Bank Limited (HBL) as Arrangers.
The deal highlights increasing confidence in Pakistan’s economic reform path, especially from banks in the Middle East, reflecting strong regional investor interest.
Boost to Pakistan’s Fiscal Stability
The ADB-backed program is structured to assist Pakistan in enhancing resource mobilization, strengthening public financial management, and building fiscal resilience.
This facility is considered a strategic milestone in Pakistan’s efforts to improve credit standing and access diversified sources of financing in the global marketplace.
The Ministry of Finance emphasized that such international backing supports ongoing reforms and promotes long-term macroeconomic stability.
