Standard Chartered and IFC Enable PKR 33.6 Billion Financing to Strengthen Pakistan’s Agriculture Sector
Standard Chartered Bank Pakistan, IFC, and Engro Fertilizers close PKR 33.6 billion local currency financing supported by IFC’s first PKR-denominated Partial Credit Guarantee, boosting fertilizer supply, agricultural resilience, and domestic capital markets.
IFC Invests in Pakistani Rupees to Support Engro Fertilisers and Strengthen Agri-Value Chain
The International Finance Corporation (IFC) announces its first PKR-denominated investment in Pakistan, partnering with Standard Chartered Bank to provide long-term financing to Engro Fertilisers, enhancing local capital use and food security.
SBP and IFC Sign Strategic Agreement to Expand Local Currency Financing in Pakistan
The State Bank of Pakistan and International Finance Corporation have inked a landmark agreement to strengthen local currency financing in Pakistan, aiming to support private sector growth and reduce foreign currency exposure for businesses.
Aurangzeb briefs Saudi finance minister on PIA and airport privatisation plans amid reform push
Finance Minister Muhammad Aurangzeb met Saudi Finance Minister Mohammed bin Abdullah Al-Jadaan on the sidelines of IMF and World Bank meetings to discuss Pakistan’s privatisation of PIA and major airports, and to seek Saudi investment support in key sectors.