Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, held a meeting with Mr. Makhtar Diop, Managing Director of the International Finance Corporation (IFC), on the sidelines of the World Bank–IMF Spring Meetings 2026.
During the discussion, the Finance Minister referred to the economic implications of ongoing geopolitical tensions in the Middle East, noting that Pakistan is closely monitoring developments and taking timely measures to manage potential risks.
He expressed appreciation for IFC’s continued support to Pakistan, particularly its efforts in facilitating local currency financing. The Finance Minister emphasized the need to further expand IFC’s role in driving private sector investment, improving productivity, and generating employment opportunities.
A key focus of the meeting was agriculture, where Senator Aurangzeb called for closer collaboration between IFC and the Prime Minister’s Task Force on Agriculture to support modernization, innovation, and sectoral growth.
He also sought IFC assistance in the development of Pakistan’s capital markets, drawing lessons from successful international models. In addition, he acknowledged IFC’s contribution to trade finance and highlighted its growing importance in the current economic environment.
The Finance Minister welcomed IFC’s evolving strategy to mobilize capital more effectively, shifting from a traditional balance sheet model to an originate-and-distribute approach aimed at attracting greater private investment.
The meeting reaffirmed the strong partnership between Pakistan and IFC, with both sides committed to advancing sustainable growth through expanded private sector engagement.