Aurangzeb discusses private sector investment, capital market development with IFC

Finance Minister Muhammad Aurangzeb, met with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), during the World Bank-IMF Spring Meetings 2026 to discuss strategies for fostering private sector investment and capital market development in Pakistan.

The Finance Minister addressed the economic challenges posed by the ongoing conflict in the Middle East, emphasizing the government’s ongoing monitoring and response efforts.

He acknowledged the IFC’s crucial role in Pakistan’s development, particularly in mobilizing local currency financing.

READ MORE: Aurangzeb arrives in Washington for World Bank-IMF Spring Meetings 2026

Senator Aurangzeb stressed the importance of further strengthening the IFC’s engagement to stimulate private sector investment, enhance productivity, and create job opportunities across the country.

He called for increased support in developing Pakistan’s capital markets, drawing inspiration from successful models in other economies.

The Finance Minister also expressed appreciation for IFC’s work in trade finance and its evolving capital mobilization strategy.

This includes transitioning from traditional balance sheet models to an originate-and-distribute model, allowing for greater private capital involvement.

Furthermore, Aurangzeb sought the IFC’s collaboration with the Prime Minister’s Task Force on Agriculture to drive growth and innovation in the sector.

Both parties reaffirmed the robust partnership between Pakistan and the IFC, highlighting their shared commitment to sustainable economic growth through private sector development.