International Finance Corporation unveils $1.5bn investment plan for Pakistan
The Board of Investment (BoI) and the World Bank-affiliate International Finance Corporation unveiled a visionary investment plan, for which the IFC committed to inject over $1.5 billion into Pakistan’s economy in the form of short- and long-term investments aimed at catapulting the country into a new era of prosperity and development, BoI announced on Thursday. The pledge follows the IFC’s successful mobilisation of $1.5bn FY23, marking a significant doubling of investments in Pakistan compared to the previous year. The World Bank’s steadfast dedication to Pakistan, even amid economic challenges, underscores the country’s strategic importance on the global stage, said the BoI. BoI Secretary Muhammad Sohail Rajput and IFC Country Manager for Pakistan and Afghanistan Zeeshan Sheikh unveiled the investment plan at the BoI headquarters.