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Sunday January 26, 2025

InfraZamin and HabibMetro provide structured Rs800m guaranteed trade finance facility to JBS

By Our Correspondent
January 16, 2025
An image taken on January 15, 2025, of InfraZamin Pakistan and HABIBMETRO partnership event. — Facebook@InfraZaminPakistan
An image taken on January 15, 2025, of InfraZamin Pakistan and HABIBMETRO partnership event. — Facebook@InfraZaminPakistan

KARACHI: InfraZamin Pakistan (IZP) has successfully issued its first short-term guarantee of Rs600 million against an Rs800 million trade finance facility by HabibMetro for Jaffer Business Systems (JBS), a statement said on Wednesday.

The facility will support JBS, an established technology and business solutions provider, to expand its business in digital and IT infrastructure solutions.

This guarantee structure will boost JBS’s business operations and address the limited availability of trade finance lines to import vital IT infrastructure. The facility will enable JBS to deliver quick IT equipment, infrastructure and solutions to its client base, particularly banks and large multinationals, and contribute significantly to Pakistan’s economic and digital growth.

As InfraZamin’s first Pakistani rupee-denominated, short-term guarantee for trade finance, this transaction reflects the organisation’s commitment to enabling private sector credit. By mitigating credit risks associated with import LCs, this guarantee carries substantial economic and developmental benefits as JBS plans to expand its client base and partner with multiple local firms to expand its domestic outreach. These collaborations are expected to create 80-90 jobs over the next two years, with 20 per cent of these positions reserved for women, while enhancing support for internet banking and digital wallets to promote financial inclusion and drive economic activity.