Islamabad: The investment arm in the World Bank for Investments is increasing in stocks and is looking to finance infrastructure on a large scale in Pakistan, in an investment plan that can open two billion dollars annually over a decade, Reuters The President of the International Finance Foundation was informed Mukhtar Diop as statements.
The IFC President’s visit to Pakistan follows the World Bank’s plans to allocate up to $ 20 billion to Pakistan under a rural partnership framework announced in January, with the IFC level also raised to invest the same amount.
“From now and perhaps, we will be able to apply enough in two transactions that will indicate that this is a country ready to receive widespread financing for important and important infrastructure,” said Mukhtar Diop, the institution’s administrative director, said.
Diop said that the annual investment of $ 2 billion is “not a large number” for Pakistan, which needs to develop infrastructure at international airports, energy, water and ports.
Pakistan, which is currently in financial distress, is saying the 7 billion dollar cash fund rescue program and is transporting a difficult way to recovery.
South Asia has avoided by a small difference in the default of sovereign debt, with insufficient reserves enough to meet one -month imported imports.
IFC amounted to $ 2.1 billion in Pakistan during the fiscal year 2024, which ends in June, which represents its record investment in the economy of South Asia’s country of $ 350 billion.
The Pakistani economy grew 0.92 % in the first quarter of the fiscal year.
Diop said that IFC is looking for agriculture, infrastructure, the “very important” financial sector, and the digital sector.
Pakistan is looking to generate revenues by speeding up the privatization boost, but the efforts made to privatize the National Transport Company and the Pakistani International Airlines, and the use of external sources at the capital airport has fallen.
Installing the global batch of IFC, DIOP said it was expected that the stock -based transactions in Pakistan were also.
“The debts will remain a very important part of our business, but our property rights will increase in the world, but also in Pakistan. This means that we really believe in Pakistan because we can take stocks for a long and long.”
