IFC Extends Pakistan Support Across Digital And Tech Sectors

The IFC – International Finance Corporation’s head, Makhtar Diop, just assured Pakistan of solid backing in key sectors—think green energy, data centers, AgTech, telecom, and digitization, while meeting Finance Minister Muhammad Aurangzeb on February 14.

Welcoming the IFC team, Aurangzeb gave them the rundown on Pakistan’s economic progress and highlighted fresh structural reforms, including the long-debated agricultural income tax, pension overhauls, and a major reshaping of 43 ministries and 400 departments. He also touted Pakistan’s growing appeal to investors, backed by international recognition.

He spoke of his recent International Monetary Fund meeting in Dubai, where Kristalina Georgieva acknowledged Pakistan’s economic strides. Also, since his last chat with IFC in Davos, debt and equity metrics have improved.

Diop, in turn, praised Pakistan’s reform drive and noted that private sector players are backing the finance minister’s policies. He also gave a nod to Pakistan’s Country Partnership Framework with The World Bank, calling it a global best practice.

The meeting wrapped up on a mutual high note, reaffirming both side’s commitment to driving Pakistan’s economic landscape.