The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has given its approval to the Procurement Policy 2025 for the Export-Import Bank of Pakistan (EXIM Bank). This decision came during a meeting chaired by Federal Minister for Finance and Revenue, Muhammad Aurangzeb.
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The policy focuses on making procurement processes more efficient for the state-owned bank, which plays a key role in financing exports and imports.
Streamlining Operations and Compliance Standards
The approved Procurement Policy aligns fully with the State-Owned Enterprises Act, 2023. It incorporates best practices from the Chartered Institute of Procurement and Supply (CIPS) global standards.
Additionally, the policy ensures adherence to regulations set by the Public Procurement Regulatory Authority (PPRA). These measures aim to strengthen internal controls and transparency in how the EXIM Bank handles its spending and acquisitions.
Experts view this as a positive step toward modernizing the bank’s administrative framework. It supports smoother operations in trade financing activities.
Boost to Export-Import Financing Efficiency
By streamlining procurement, the policy is expected to reduce delays and improve overall governance at EXIM Bank. This could indirectly benefit exporters and importers who rely on the bank’s services for credit and guarantees.
The move comes amid ongoing efforts to enhance Pakistan’s trade sector. The bank, as a dedicated institution for export promotion, stands to gain from more professional and compliant procedures.
The CCoSOEs also handled other agenda items, including board appointments in related state entities, but the EXIM policy approval stands out as a targeted reform for trade support.
The Cabinet Committee on State-Owned Enterprises (CCoSOEs) has given its approval to the Procurement Policy 2025 for the Export-Import Bank of Pakistan (EXIM Bank). This decision came during a meeting chaired by Federal Minister for Finance and Revenue, Muhammad Aurangzeb.
The policy focuses on making procurement processes more efficient for the state-owned bank, which plays a key role in financing exports and imports. Streamlining Operations and Compliance Standards The approved Procurement Policy aligns fully with the State-Owned Enterprises Act, 2023. It incorporates best practices from the Chartered Institute of Procurement and Supply (CIPS) global standards.
Additionally, the policy ensures adherence to regulations set by the Public Procurement Regulatory Authority (PPRA). These measures aim to strengthen internal controls and transparency in how the EXIM Bank handles its spending and acquisitions. Experts view this as a positive step toward modernizing the bank’s administrative framework. It supports smoother operations in trade financing activities.
Boost to Export-Import Financing Efficiency By streamlining procurement, the policy is expected to reduce delays and improve overall governance at EXIM Bank. This could indirectly benefit exporters and importers who rely on the bank’s services for credit and guarantees.
The move comes amid ongoing efforts to enhance Pakistan’s trade sector. The bank, as a dedicated institution for export promotion, stands to gain from more professional and compliant procedures. The CCoSOEs also handled other agenda items, including board appointments in related state entities, but the EXIM policy approval stands out as a targeted reform for trade support.-