Islamabad (10th December, 2021):

A high-level delegation of the International Finance Corporation of World Bank Group, headed by Ms. Stephanie von Friedeburg, Senior Vice President (Operations), called on the Minister for Economic Affairs. The Minister for Economic Affairs appreciated the IFC’s commitment and its continuous support to boost the business activities in Pakistan. It was highlighted that IFC is providing US$ 1.2 billion to 47 companies in Pakistan. The Minister for Economic Affairs expressed that the Government of Pakistan is taking extensive reform actions to improve the business environment in the country and encourage private-sector lead growth. Government is facilitating both domestic and foreign investors with various incentives and policy reforms including ease of doing business.

Ms. Stephanie von Friedeburg, Senior Vice President (Operations), IFC appreciated the efforts of Government of Pakistan for improving investment climate & ease of doing business rankings and achieving the Universal Financial Access targets. She highlighted that at present, IFC is supporting infrastructure, natural resources, manufacturing and agribusiness in Pakistan. IFC is also providing advisory services for enhancing finances, improving investment climate, providing PPP solutions and designing environmentally & socially sustainable practices.

The Minister assured of its full support to IFC for enhancing its operations in Pakistan. The Minister highlighted that provision of basic services including education, health, safe drinking water and sanitation are the top most priorities of the government. The government is especially focusing on socioeconomic uplift of the underprivileged and remote areas across the country. The government is encouraging innovative financing models to leverage private sector investment in infrastructure and social sector.