Pakistani rupee-denominated investment via an unfunded partial credit guarantee of up to Rs33.6bn would support long-term financing from Standard Chartered to Engro Fertilisers.

Pakistani rupee-denominated investment via an unfunded partial credit guarantee of up to Rs33.6bn would support long-term financing from Standard Chartered to Engro Fertilisers.

KARACHI: The International Finance Corporation (IFC) has launched a Rs33.6 billion ($120 million) fund to support financing from a foreign bank’s Pakistani subsidiary to a local…