Pakistan’s First Diversified Payment Rights Programme Advances with IFC–Bank Alfalah Agreement
ISLAMABAD, 20 August, 2026 (Ghufran): In a significant development for Pakistan’s external financing landscape, a Project Agreement between the International Finance Corporation (IFC) and Bank Alfalah Limited (BAFL) for Pakistan’s first Diversified Payment Rights (DPR) Programme was signed at the Finance Division, Islamabad, in the presence of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.The Project Agreement was signed by Ms. Momina Aijazuddin, Regional Industry Director, Financial Institutions Group, Middle East & Central Asia, IFC, and Mr. Atif A. Bajwa, President and CEO, Bank Alfalah Limited.The DPR Programme, being pursued under the direction of the Prime Minister, provides an innovative mechanism for mobilizing long-term foreign currency financing through...





