Pakistan delegation headed by Finance Minister, Senator Mohammad Ishaq Dar met with Executive Vice President (EVP) & CEO of International Finance Corporation (IFC) Mr. Philippe Le Houerou at the World Bank in Washington.

Welcoming the delegation, Mr. Houerou congratulated Finance Minister Dar on undertaking structural reforms and completing IMF program. He said International Finance Corporation (IFC) had a Program portfolio of around $800 million and wanted to increase it to over a billion USD.  He further said IFC is working with private sector and is looking forward to opportunities to increase private sector investment in Pakistan.

Finance Minister thanked IFC for increasing Program portfolio in Pakistan. He observed that IFC can support Pakistan’s energy sector projects by channeling private investment to this sector.

Minister Dar on the occasion invited EVP IFC to assist the Government of Pakistan in privatization of some of the state owned enterprises.