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State
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» Industrial Development Bank of Pakistan |
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Industrial Development
Bank of Pakistan |
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Industrial Development Bank
of Pakistan (IDBP) is one of Pakistans’ oldest development financing
institution created with the primary objective of extending term finance for
investment in the manufacturing sector of the economy. Over the years,
however, the Bank has emerged as an institution fostering the growth and
development of SME sector stimulating industrial progress in the rural/less
developed regions of the country besides offering lucrative opportunities to
the house-holds and institutions for the investment in its deposit schemes.
IDBP has also become an
important component of the financial sector of Pakistan and is playing an
active role in money and capital market of the country. For attaining its
objectives, the Bank provides medium and long term finance in local and
foreign currencies for the creation of fixed assets to new industrial
projects as well as for expansion, balancing, modernization or replacement
of existing projects.
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It extends technical,
financial and managerial advice to its clients in planning and execution of
the industrial projects. It also facilitates transfer of technologies from
developed countries to industrial enterprises in Pakistan. IDBP is wholly
owned by Government of Pakistan with 57% of its shares held by Federal
Government, 36% by
State Bank of Pakistan and 7% by Provincial Governments
and other Public sector corporations. Its Board of Directors consisting of
the representatives of private sector is appointed by Ministry of Finance,
Government of Pakistan. |
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Industrial Development Bank of Pakistan
Category : Specialized Banks
SWIFT Code :
Address :
State Life Building
No. 2, Wallace Road
I. I. Chundrigar Road
Karachi
Telephone : +92-21-9921 3601-3610
Website : www.idbp.com.pk |
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A unique feature of IDBP is that besides Development Financing Institution
it is also a scheduled bank and authorised dealer of foreign exchange.
Thus IDBP extends all kinds of merchant, investment and commercial banking
services to its clients which include provision of short term advances,
trade financing, lease financing, guarantees and under-writing. Thus IDBP
operates a full-fledged Bank in addition to its role as a development
financing institution.
IDBP has the unique distinction of financing the first ever projects for a
diversified list of products. These include UHT pack milk, three wheelers,
radio/wireless receiving sets, marble processing, coal mining, granite,
acetic yarn, PVC deep sea fishing etc. The projects implemented through
IDBP’s financing generated over 100,000 new jobs and have an export
potential of about Rs.8.00 billion per annum. The value addition by the
completed project is estimated at about Rs.15 billion per annum.
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