Posted 11/3/2023, 2:01:18 AM
IFC Unveils $3 Billion Investment Plan to Spur Pakistan's Economy
- IFC unveils $1.5bn investment plan for Pakistan's economy
- IFC pledged over $1.5 billion in short- and long-term investments
- Plan aims to catapult Pakistan into new era of prosperity
- Follows IFC's mobilization of $1.5bn in FY23, doubling investments
- Investments to focus on enhancing access to finance, infrastructure, pharmaceuticals, exports
- Potential seen for investments in climate, pharma, agriculture, industry, energy
- World Bank allocating over $3bn for Pakistan's energy infrastructure
- Loans worth $500m signed for Punjab and Khyber Pakhtunkhwa projects
- MOU with Sindh govt to provide clean drinking water in Karachi