The Economic Cooperation Organisation (ECO) Trade and Development Bank signed a loan agreement with Pakistan Refinery Limited (PRL) on May 7, 2010 for the amount of US $35 million in order to facilitate the import of crude oil from an ECO member country.

Incorporated in 1960, Pakistan Refinery Limited (PRL) is one of the largest refineries of Pakistan, owned by a group of oil marketing companies which belong to both private and public sector. Pakistan Refinery Limited imports 85 percent of its raw material from abroad and after processing the crude oil, it sells the final products into the local market.

Board of Director of the PRL and the ECO Trade and Development Bank approved the transaction to allow PRL to avail  financing up to 1 year, which will enhance trade and economic activity amongst ECO member countries.