Pakistan eyes more IFC backing for private-sector-led growth

Islamabad has requested that the International Finance Corporation step up its private-sector investment in Pakistan, Mettis Global reported. The request asks the IFC to set explicit criteria that direct funding toward sectors that generate growth, employment and export strength, as the country moves from stabilising its economy to pursuing sustainable expansion. SMEs, housing finance, agriculture and public-private partnerships were singled out as priority areas.

Economic Affairs Minister Ahad Khan Cheema held talks with IFC Managing Director Makhtar Diop on the margins of the 2026 World Bank Group and IMF Annual Meetings in Bangkok, according to a press release. Cheema said the government prioritises investment that raises output, boosts exports, encourages innovation and creates jobs, and noted that IFC's presence and engagement had grown since its Division Directors were posted in Pakistan. He also welcomed the rise in IFC's portfolio in the country, which reached around US$3 bn in 2026, up fourfold since 2022.

On SMEs, Cheema requested help with a comprehensive roadmap, stronger SMEDA capacity and wider access to finance, and urged more IFC participation under the AgriConnect initiative, including farmer financing and private wheat storage. Diop stressed the need for a broad MSME strategy, and both sides discussed the proposed Fund of Funds meant to back start-ups. Cheema argued that the partnership should be measured by jobs, exports and opportunities for women, youth and smaller enterprises, not just capital mobilised.