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$3.285 billion

International Islamic Trade Finance Corp lends Pakistan $3.285 billion

TUNIS: The International Islamic Trade Finance Corp has agreed to lend Pakistan $3.285 billion, its chief executive said on Thursday. “We will supply Pakistan with $3 billion to finance trade activities for a period of three years,” Hani Salam Sonbol said, adding that the remaining $285 million would be to finance gasoline purchases. Jeddah-based International Islamic Trade Finance Corp is the financing arm of the Islamic Development Bank for trade activities. It gave Islamic countries trade financing worth $40 billion…