INFRAZAMIN Pakistan (lZP) has successfully issued its first short-term guarantee of Rs600m against a Rs800m Trade Finance Facility by HabibMetro for Jaffer Business Systems, as per a press release. The facility will support Jaffer Business Systems (JBS), an established technology and business solutions provider, in expanding its business in digital and IT infrastructure solutions.

This guarantee structure will provide a boost to JBS`s business operations and address the limited availability of trade finance lines for the import of vital IT infrastructure.

By mitigating credit risks associated with import letters of credit, the guarantee carries substantial economic and developmental benefits, with JBS planning to expand its client base and partner with multiple local firms to expand its domestic outreach. •