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Industrial Development Bank of Pakistan

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ceiling was established at Rs. 1 million for limited companies and Rs. 0.5 million for other enterprises, though certain sectors like mining and inland transport were exempt from these limits. Over time, the lending ceiling was adjusted to Rs. 2.5 million, with foreign exchange loans capped at Rs. 1.5 million.
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Prompted by these limitations, the Credit Enquiry Commission was convened in 1959 to devise a more inclusive credit system for Pakistan’s evolving economic landscape. The commission recommended transforming PIFCO into an entity geared towards supporting medium-scale industries, with a revised upper
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Following these recommendations, the IDBP was created under the Industrial Development Bank of Pakistan Ordinance, inheriting PIFCO’s assets and liabilities. Initially, the IDBP had a share capital of Rs. 30 million, with the government holding a minimum stake of 51 percent. The bank's lending
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The bank began its operations in early 1961. Credit facilities were extended to existing small industries and to new industrial units as outlined in the Small Industries Investment Schedule, which was issued by the government in November 1960. Over the years, however, the bank has become an
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of Rs. 20 million, was primarily funded by the Central Government (51 percent) and various institutional and individual investors (40 percent). Over its 12-year tenure, PIFCO allocated financial assistance of Rs. 293 million, directing a major portion (56 percent) to the
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lending limit of Rs. 1 million and new provisions for short-term industry credits and loans against prospective assets. Additionally, it suggested the provision of foreign exchange resources to the revamped institution.
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The IDBP has suffered from significant losses due to loan defaults. By the mid-2000s, the IDBP had accumulated a loss of about Rs27 billion and was insolvent. The Pakistani government merged IBDP with the Profitable
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The Industrial Development Bank of Pakistan (IDBP) was established on July 29, 1961, through the transformation of the Pakistan Industrial Finance Corporation (PIFCO). PIFCO, founded in February 1949 with a
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The bank continued to struggle commercially and by end of 2009 the accumulated deficit had risen to Rs28 billion. The Pakistani government continued to explore ways to make IDBP economically viable.
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and 7 percent by Provincial Governments and other public sector corporations. Its board of directors consists of representatives of the private sector appointed by the
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Industrial Development Bank of Pakistan is wholly owned by Pakistani Government entities with 57 percent of its shares held by the
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industries, with the remainder distributed across 33 other sectors such as
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The Head Office of Industrial Development Bank of Pakistan is situated at
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in 2006 in part to improve IBDP's financial performance.
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in the rural/less developed regions of the country.
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Unsourced material may be challenged and removed. 842: 8: 470:Administers of the equity participation fund 129: 978:Punjab Provincial Cooperative Bank Limited 930: 849: 835: 827: 770: 768: 128: 1311:National Institute of Banking and Finance 117:Learn how and when to remove this message 66:"Industrial Development Bank of Pakistan" 711:"IDBP, ADBP fraught with bad loans: PAC" 641: 264:Industrial Development Bank of Pakistan 130:Industrial Development Bank of Pakistan 1351:Government-owned companies of Pakistan 1162:House Building Finance Company Limited 683: 681: 663: 661: 659: 657: 655: 653: 651: 649: 647: 645: 449:Underwriting of public issue of shares 397:Provides medium and long term finances 699:(1): 141–164. 1961 – via JSTOR. 7: 340:institution fostering the growth of 55:adding citations to reliable sources 776:"NA body opposes revamping of IDBP" 271: 630:List of national development banks 375:Investment Corporation of Pakistan 25: 1216:Bank of Tokyo Mitsubishi Pakistan 1322: 1321: 858: 806: 689:"Review of the Pakistan Economy" 514:Branch (Part of the province of 31: 693:The Pakistan Development Review 465:Telephone bills at all branches 42:needs additional citations for 1: 1301:Institute of Bankers Pakistan 1250:Federal Bank for Cooperatives 1180:National Savings Organization 274:) is a Pakistani state-owned 988:Zarai Taraqiati Bank Limited 784:. 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Industrial Development Bank

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