The International Finance Corporation (IFC) has announced its commitment to invest $2 billion annually in Pakistan over the next decade, focusing on key sectors such as infrastructure, agriculture, banking, and digital transformation. The move aims to accelerate sustainable economic growth, create jobs, and unlock new opportunities for businesses and entrepreneurs in the country.
This announcement came following the visit of an IFC delegation to Pakistan, during which representatives engaged with Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, industry leaders, and entrepreneurs. The discussions centred on Pakistan’s economic potential and the need for sustained reforms to encourage private-sector investment.
“Pakistan has strong potential. With a sustained focus on reforms and boosting private sector investment, the country is poised to accelerate sustainable economic growth, create jobs, and unlock transformative opportunities for its people and businesses,” an IFC official stated.
The IFC’s investment strategy aligns with Pakistan’s broader economic objectives, including strengthening infrastructure, enhancing financial inclusion, and promoting digital transformation. These investments are expected to play a crucial role in stabilizing the economy and fostering long-term development.
The commitment from IFC, a member of the World Bank Group, underscores Pakistan’s importance as an investment destination and signals confidence in the country’s ability to implement key economic reforms. Experts believe that the influx of private capital into critical sectors will help drive innovation and resilience in Pakistan’s economy.
