Govt Okays New EXIM Bank Policy to Regulate Spending. The federal government has approved a new procurement policy for the Export-Import Bank of Pakistan (EXIM Bank) to better regulate how public money is spent and to improve transparency within the institution.
Decision Taken by Cabinet Committee
The approval was granted by the Cabinet Committee on State-Owned Enterprises (CCoSOEs) during a meeting held at the Finance Division. The session was chaired by Muhammad Aurangzeb, Federal Minister for Finance and Revenue.
Federal Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry participated in the meeting virtually, while senior officials from various ministries and regulatory bodies attended in person.
Details of EXIM Bank Procurement Policy 2026
The newly approved EXIM Bank Procurement Policy 2025 aims to streamline procurement procedures and strengthen internal controls. The policy is aligned with the State-Owned Enterprises Act, 2023 and follows international best practices.
It also ensures compliance with standards set by the Chartered Institute of Procurement and Supply (CIPS) and regulations issued by the Public Procurement Regulatory Authority (PPRA).
Key Appointments in State-Owned Enterprises
In addition to the EXIM Bank policy, the committee reviewed several proposals submitted by the Ministry of Commerce related to state-owned enterprises.
These included the appointment of an Independent Director and a Chairman for the board of National Insurance Company Limited, as well as filling a vacant Independent Director position at the State Life Insurance Corporation.
Trading Corporation Board Changes Reviewed
The committee also approved the appointment of an Independent Director to the Trading Corporation of Pakistan against one of its vacant board positions. Other SOE-related matters were discussed and reviewed during the meeting.
Conclusion
The approval of the EXIM Bank Procurement Policy 2025 highlights the government’s commitment to improving governance and financial discipline in state-owned enterprises. By adopting international procurement standards, the policy is expected to enhance transparency, reduce inefficiencies, and ensure responsible use of public funds across key institutions.
