Sinking the IDBP!


While the bad governance and political interference has dragged many state corporations and other departments towards downfall or closure, the Industrial Development Bank of Pakistan (IDBP) is no more an exception. The bank has virtually become dormant for the last over ten years as not only its financial position has gone from bad to worst but also it has almost no justification to remain intact. The IDBP was the country’s oldest development financing institution created to extend loan

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