WASHINGTON: Finance Minister Ishaq Dar asserted that International Finance Corporation (IFC) can support Pakistan’s energy sector projects by channelling private investment to this sector.
He was in a meeting with International Finance Corporation Executive Vice President (EVP) & CEO Philippe Le Houerou at the World Bank in Washington.
Houerou congratulated Dar on undertaking structural reforms and completing IMF program. He informed that IFC had a programme portfolio of around $800 million and wanted to increase it to over a billion USD. He further added that IFC is working with private sector and is looking forward to opportunities to increase private sector investment in Pakistan.
The finance minister thanked IFC for increasing programme portfolio in Pakistan. During the meeting, Dar invited IFC EVP to assist the Government of Pakistan in privatisation of some of the state owned enterprises.
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