IFC and Bank Alfalah Partner on Pakistan’s First Diversified Payment Rights Issuance

ISLAMABAD: The International Finance Corporation (IFC) and Bank Alfalah Limited have signed a Project Agreement marking a key milestone toward IFC’s upcoming investment of up to US$100 million in Pakistan’s first-ever Diversified Payment Rights (DPR) note, to be issued by Bank Alfalah under its DPR Program. This landmark transaction will introduce a new source of …