Divisional Director for Pakistan, Afghanistan and Central Asia at the International Finance Corporation (IFC) Simon Andrews called on Finance Minister Aurangzeb in Islamabad to brief the Minister on its growing portfolio in Pakistan, which now exceeds two billion dollars annually, with approximately 2.7 billion dollars committed this year.
Finance Minister lauded the IFC’s enhanced engagement in Pakistan over the past few years, particularly in investment, trade, finance and advisory support. Discussions focused on further scaling up private sector investment, particularly in infrastructure and public-private partnerships.
FM Aurangzeb underlined the importance of adopting a client-centric approach to financing solutions, particularly in facilitating local currency lending to support private sector growth and reduce exchange rate vulnerabilities.
He underscored that such initiatives complement, rather than substitute, foreign currency inflows and are essential for sustainable economic expansion.