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…