Pakistan, IFC commit to boost private investment and job creation

December 19, 2025 (MLN):   Pakistan and the International Finance Corporation (IFC) have agreed to deepen strategic collaboration to mobilize private investment, enhance public-private partnerships (PPPs), and support job creation as part of the country’s broader agenda for sustainable and export-oriented economic growth.

The understanding was reached during a meeting between Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb and an IFC delegation led by Mr. Khawaja Aftab Ahmed, Director Middle East, Pakistan and Afghanistan, along with Ms. Naz Khan, Acting Country Manager for IFC Pakistan, held at the Finance Division, said a press release issued.

During the meeting, discussions focused on strengthening cooperation in attracting private capital, improve PPP frameworks, and supporting reforms to enhance service delivery and infrastructure development.

The IFC briefed the Minister on its expanding investment and advisory engagement in Pakistan, including progress in local-currency financing, sustainability-focused initiatives, and private sector-led projects.

Both sides reviewed ongoing collaboration with federal and provincial institutions to improve project preparation, governance, and execution of approved transactions.

They also commit to stress the importance of maintaining momentum in the investment pipeline to bolster market confidence.

The role of closer coordination within the World Bank Group to leverage financing, advisory, and risk-mitigation instruments was also emphasized.

Senator Aurangzeb highlighted the government’s strategy of fostering enabling ecosystems rather than direct intervention, particularly in high-potential sectors such as the digital and IT economy, agriculture and agri-value chains, minerals and mining, healthcare, and skills-based human capital exports.

He emphasized the importance of technology adoption, regulatory strengthening, and private sector leadership to enhance productivity and competitiveness.

The meeting concluded with a shared commitment to align IFC support with Pakistan’s medium-term development priorities, accelerate implementation of priority initiatives, and continue structured engagement to unlock private investment and promote inclusive economic growth.

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