Washington DC: In a meeting that could influence future economic strategies, Mr. Muhammad Aurangzeb, Pakistan’s Minister for Finance and Revenue, convened with Mr. Makhtar Diop, Managing Director of the International Finance Corporation (IFC). The discussions focused on several critical economic initiatives including the Islamabad airport bid evaluations, innovative financial instruments like Diversified Payment Rights, and potential privatization plans for key public enterprises.
According to Press Information Department, the talks also explored opportunities for raising capital through the issuance of local currency bonds offshore. The meeting highlighted Pakistan’s efforts to enhance its financial landscape through international collaborations and privatization of its Distribution Companies (DISCOs) and House Building Finance Corporation (HBFC). Mr. Aurangzeb further extended an invitation to Mr. Diop to visit Pakistan, aiming to deepen ties with the IFC and attract more foreign investment.