Pakistan signs five-year syndicate financing facility for $1 billion
The Hindu
Pakistan secures $1 billion financing with ADB guarantee and Middle Eastern banks' support amid economic crisis.
Pakistan signed a five-year long-term syndicated financing facility for $1 billion, indicating strong support from leading financiers amid the country's ongoing economic crisis.
“The Dubai Islamic Bank acted as the Sole Islamic Global Coordinator while Standard Chartered Bank is the Mandated Lead Arranger and Book-runners,” a Finance Ministry statement said on Wednesday (June 18, 2025.)
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“Other financiers include Abu Dhabi Islamic Bank as the Mandated Lead Arranger and Sharjah Islamic Bank, Ajman Bank and HBL as Arrangers,” it said.
“The Ministry of Finance has signed a syndicated term finance facility of $1,000 million partially guaranteed by a policy-based guarantee of the Asian Development Bank (ADB) programme ‘Improved Resource Mobilisation and Utilisation Reform’,” said the statement.
“The facility is a landmark transaction for the Government of Pakistan that demonstrates strong support from leading financiers in the region. This is a five-year multi-tranche facility including both Islamic and conventional tranches,” it said.
The Ministry said the Islamic facility was structured to be fully compliant with AAOIFI standards, accounting for 89% of the total financing amount, with the remaining 11% from conventional financing.
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