Pakistan Launches First DPR Programme with IFC, Bank Alfalah for FX Inflow

The International Finance Corporation (IFC) and Bank Alfalah Limited (BAFL) have signed a Project Agreement for Pakistan's inaugural Diversified Payment Rights (DPR) Programme. This initiative, pursued under the Prime Minister's direction, seeks to mobilize up to USD 100 million in long-term foreign currency financing through future foreign-currency payment flows. It aims to diversify external financing sources and enhance access to international capital markets, with potential for broader participation by investors. This development could bolster Pakistan's foreign exchange reserves, potentially easing pressure on the PKR and influencing local gold prices.

بحوالہ / Source: www.brecorder.com