Washington DC :- Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), on the sidelines of the IMF–World Bank Annual Meetings.
The Minister welcomed IFC’s recent reorganization which has upgraded Pakistan as a regional hub, terming it a strong vote of confidence in the country’s economic potential. He briefed Diop on the progress of the Reko Diq project and expressed hope for the participation of the EXIM Bank in the near future.
Senator Aurangzeb acknowledged IFC’s continued support in subnational finance and Digital Payment Rights (DPR) initiatives, and appreciated the Corporation’s advisory role in key sectors such as pharmaceuticals, electric vehicles, and commodity exchanges.
The Minister also welcomed the upcoming visit of the IFC Managing Director to Pakistan around the Spring Meetings. On the occasion, the Finance Minister and Diop witnessed the signing of a Swap Agreement between the State Bank of Pakistan (SBP) and IFC.
Sohail Majeed is a Special Correspondent at The Diplomatic Insight. He has twelve plus years of experience in journalism & reporting. He covers International Affairs, Diplomacy, UN, Sports, Climate Change, Economy, Technology, and Health.
