US Exim Bank lifts curbs on investment in Pakistan

Pakistan PPE exports to US shoot up to $32.41 million

By: News Desk      Published: 02:55 PM, 16 Jan, 2021
US Exim Bank lifts curbs on investment in Pakistan

US Exim Bank has reviewed its Country Limitation Schedule for 2021 making available long-term risk cover for projects in Pakistan.

In a tweet posted on Saturday, Pakistan Ambassador to the US Asad M Khan said that this was a major endorsement of improved economic and security situation in Pakistan.

The US EXIM Bank has ended limitations for short and long-term investments in public and private sectors in Pakistan.

In another development relating to growing trade relations between Pakistan and the US, Pakistan has emerged as a bright spot in the global Covid response matrix.

According to a tweet posted by Pakistan Trade Mission in Washington DC on Saturday, demonstrating resilience, perseverance and altruism in challenging times, Pakistan’s PPE exports to the United States have increased from $0.6 million in 2019 to $32.41 million in 2020 (Jan-Nov).