Pakistan, IFC advance discussion to establish fund for entrepreneurs, startups
Pakistan and the International Finance Corporation (IFC), the World Bank’s private sector arm, have advanced plans to establish a fund aimed at supporting entrepreneurs and startups, as part of efforts to strengthen the country’s entrepreneurial ecosystem and mobilise private-sector financing. The development came during a high-level meeting between Finance Minister Muhammad Aurangzeb and Simon…
Pakistan and the International Finance Corporation (IFC) have advanced discussions to establish a fund aimed at supporting entrepreneurs and startups, as part of efforts to bolster the country's entrepreneurial ecosystem and mobilize private-sector financing. During a high-level meeting between Finance Minister Muhammad Aurangzeb and Simon Andrews, Director of IFC Pakistan, Afghanistan, Kyrgyz Republic, Tajikistan & Turkmenistan, the finance minister welcomed the IFC's continued partnership with Pakistan, particularly in expanding private-sector financing and supporting investment-led growth.
The discussions focused on key areas such as entrepreneurship, SME and agricultural finance, affordable housing, public-private partnerships (PPP), and expanding local-currency financing.
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