Last week, REMIT presented its Export Development Fund’s institutional reform work to the newly appointed EDF Chairman and Board.

REMIT has supported the Ministry of Commerce to develop a comprehensive strategy for the Fund for a comprehensive transformation across strategic, legal, and financial dimensions, developing a clear reform roadmap, transitioning EDF into a Section 42 company to strengthen governance and accountability.

REMIT supported the creation of 13 financing windows, equipping EDF with structured, transparent, and efficient mechanisms to deploy funds. Together, these reforms position EDF to effectively manage and channel PKR 55 billion towards Pakistan’s export development, ensuring resources reach where they are needed most.

The Chairman and Executive Director appreciated the efforts, recognizing the reforms as a strong foundation for the Fund’s next phase.