InfraZamin Pakistan’s partial credit risk guarantee cover of PKR 1,575 million (US$7.6 million) on the Digital Infrastructure Facility will effectively de-risk the majority of credit risks of this project expansion. This is InfraZamin’s first transaction in Pakistan and paves the way forward for deeper market development via credit guarantees.
HBL will facilitate Multinet to access 7-Year long-term funding in expanding their Fibre optic network to underserved cities and populations, enable a wider reach for internet access via fibre for Small and Medium Enterprises and reduce the cost of carrying broadband traffic from one city to the other thereby improving cost-effective data and broadband penetration in Pakistan. In addition to these positive developmental impacts, the project is also expected to create additional jobs of which 20% will be allocated specifically to women.
