PR No. 200 Washington: April 23, 2017.

Pakistan delegation headed by Finance Minister Ishad Dar met with Executive Vice President (EVP) & CEO of International Finance Corporation (IFC) Mr. Philippe Le Houerou at the World Bank.   During the meeting, Mr. Houerou congratulated Finance Minister Dar on under taking structural reforms and completing IMF program. He said International Finance Corporation (IFC) has a Program portfolio of around $800 million and want to increase it to over a one billion USD. He further said IFC is working with private sector and is looking forward to opportunities to increase private sector investment in Pakistan.   Finance Minister Senator Ishaq Dar thanked IFC for increasing Program portfolio in Pakistan. He observed that IFC can support Pakistan’s energy sector projects by channeling private investment to this sector.   Towards the end of the meeting, Minister Dar invited EVP IFC to assist the Government of Pakistan in privatization of some of the state owned enterprises.