Government, IFC explore private sector investment, local currency financing

April 01, 2026 (MLN): The Government of Pakistan is working to scale private sector investment, promote local currency financing, and develop a stronger pipeline of bankable projects to support sustainable economic growth.

Key focus areas include infrastructure, energy, transport, logistics, public-private partnerships, and initiatives in job creation, entrepreneurship, and innovation, according to a press release issued.

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb  met with Mr. Simon Andrews, Divisional Director for Pakistan, Afghanistan, and Central Asia at the International Finance Corporation (IFC), along with Ms. Bolormaa Amgaabazar, World Bank Country Director for Pakistan, and Ms. Naz Khan, Country Manager IFC.

Senator Aurangzeb welcomed Mr. Andrews on his recent appointment and highlighted IFC’s growing engagement in Pakistan, including a portfolio exceeding $2 billion annually, trade finance support, risk-sharing facilities, local currency financing, and upcoming green bond initiatives.

The discussion emphasized client-centric financing solutions to reduce foreign exchange risks, expansion of SME support, urban water management projects, and mechanisms to strengthen government-business dialogue.

Broader talks covered regional economic connectivity, agribusiness opportunities, and measures to maintain macroeconomic stability amid global uncertainties.

Both sides reaffirmed their commitment to leveraging World Bank Group instruments to support Pakistan’s reform agenda and inclusive development.

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