PM Shehbaz says Rs3bn risk pool to expand export credit insurance access for SMEs

Prime Minister Shehbaz Sharif has said that a Rs3 billion risk pool will help expand access to export credit insurance, particularly for small and

ISLAMABAD: Prime Minister Shehbaz Sharif has said that a Rs3 billion risk pool will help expand access to export credit insurance, particularly for small and medium-sized enterprises (SMEs).

He made these remarks while chairing a meeting on the Export Development Fund (EDF), during which he was briefed on the institution’s restructuring and reform measures.

The prime minister described the initiative as a highly encouraging development for promoting small and medium-sized businesses in the country. He also appreciated the EDF team for undertaking reforms aimed at strengthening Pakistan’s economy.

PM Shehbaz said that following the restructuring and reforms, the EDF was now being led by experts from the private sector. He added that all funds available with the EDF were being utilised to facilitate the business community and support economic activity.

The prime minister said the measures reflected the government’s commitment to strengthening the national economy and increasing the country’s exports. He expressed confidence that the initiatives would contribute to making Pakistan an attractive destination for investment at the global level.

He further emphasised that all these measures were being undertaken as part of the government’s broader commitment to developing an export-oriented economy and creating an environment conducive to business growth and investment.