Pakistan Secures Up To $100mn in First DPR Programme

The International Finance Corporation (IFC) and Bank Alfalah Limited (BAFL) have signed an agreement for Pakistan's inaugural Diversified Payment Rights (DPR) Programme, targeting up to $100 million in foreign currency financing. This innovative mechanism, pursued under the Prime Minister's direction, seeks to diversify external financing sources and facilitate access to international capital markets. The initiative marks a significant step in developing Pakistan's debt capital market and could pave the way for future transactions. This new inflow of foreign currency could help stabilize the PKR, potentially influencing local gold prices.

بحوالہ / Source: www.brecorder.com