Exports play a pivotal role in development of countries. As a partner to the development of the country Askari Bank Ltd. is keen in providing export related facilitation to its customers. The customers can access an array of Trade Finance products specially designed to facilitate exports.
Export Refinance Facilities:
Askari Bank is keen at extending export refinance facilities to its customers at concessional rates against eligible sectors as defined by SBP and EXIM bank under their Export Refinance Schemes. Customers can avail following facilities:
A short-term credit facility available are pre-shipment or post-shipment stage against firm contracts for a duration up to 180 days from the date of shipment/date of financing.
Short Term Performance based financing facility that can be availed against performance of Last 1 year’s eligible export performance monitored from 1st July to 30th June every year revolve able subject to matching SBP’s/EXIM’s criterion of achieving designated percentage of export volumes during the financing period.
Pre-shipment Loans extended to exporters against firm contracts for exports of produce of Pakistan with intended settlement of financing upon realization of export Proceeds.
Post Shipment Finance available against Export Documentary Collection Bills lodged with the bank to cover short term liquidity concerns of exporters.
Such financing is also available under Islamic Modes of financing under Shariah Compliant Financing products to bank’s customers intending to avail Shariah Compliant Financing Facilities.
