IFC regional director calls on Planning minister

IFC regional director calls on Planning minister

ISLAMABAD, Sep 21 (APP): International Finance Corporation (IFC) Regional Director for the Middle East, Pakistan and Afghanistan Khawaja Aftab Ahmed called on Caretaker Minister for Planning, Development and Special Initiatives Muhammad Sami Saeed here on Thursday.

The two sides discussed “potential areas of enhancing the IFC engagement in Pakistan,” a news release said.
Khawaja Aftab was accompanied by his team including Zeeshan Sheikh, Country Manager of IFC to Pakistan and Afghanistan.

Chief Executive Officer (CEO), of the P3A Board, Malik Muhammad Ahmad Khan, Chief Economist of Pakistan Dr Nadeem Javaid and Member Private Sector Development Planning Commission Asim Saeed were also present in the meeting.

The IFC is a member of the World Bank Group and offers investment, advisory and asset management services to encourage private sector investments in developing countries.

The Planning minister appreciated the role of the corporation in promoting private sector development in Pakistan.

He also discussed potential means of enhancing IFC engagement in Pakistan, particularly for trade finance, microfinance, Agriculture and other key sectors.

Sami Saeed apprised the delegation about the recently established Special Investment Facilitation Council (SIFC) under a collaborative approach to prioritize five key areas of the national economy including agriculture, information technology, mine and minerals, defence production and energy.

The minister said that a one-window facility had been established to fetch foreign investment to unlock the potential in the select areas and emphasized attracting investment in these sectors while urging IFC to provide necessary assistance to public and private sector companies.

It is noted that SIFC is an economic revival plan, being implemented under the-whole-of-the-government approach.
On the occasion, the Regional Director assured the Planning Minister of IFC’s continued support to Pakistan particularly in key areas identified by the SIFC.

Reciprocating, the minister also assured all the facilitation required by IFC in this regard.

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