Equity investment in PDF: IFC, Chinese bank and others evince interest: Dar

Finance Minister Ishaq Dar has stated that the government has received interest from the IFC of the World Bank, China Development Bank and sovereign investment authorities for equity investment in Pakistan Development Fund.
Talking a Chinese delegation of private equity led by YauWai Ming, Chairman HaoTian Group Holdings Limited and Cheng Yan, Vice President China Huarong International Holdings Ltd, Hong Kong, Dar said the PDF will finance commercially viable infrastructure projects in Pakistan. Minister for Petroleum Shahid Khaqan Abbasi was also present on the occasion.
Cheng Yan, the Vice President China Huarong International Holdings Limited, gave a briefing to the Finance Minister that delegation is interested in identifying investment opportunities in Pakistan in the fields of infrastructure, finance, petroleum and retail business and have been preparing draft investment plans keeping in view the investment opportunities offered by Pakistan.
YauWai Ming, Chairman HaoTian Group Holdings Limited said that the delegation comprised of large asset managers from China and they were interested in investment in Pakistan due to the macroeconomic stability and investment facilitative regime in Pakistan. Finance Minister appreciated the interest of Chinese investors in Pakistan and stated the ongoing projects under China Pakistan Economic Corridor are stimulating further investment in infrastructure development in Pakistan. The Minister emphasised that Pakistan and China have a strong collaboration in developing connectivity in the region.
Finance Minister briefly discussed with the delegation the financial stability achieved by Pakistan during the last three years and steps taken to enhance ease of doing business.
The Finance Minister also mentioned about the recently upgraded ratings of Pakistan by rating agencies and offered all possible assistance of his team to assist the Chinese delegation in identifying best possible opportunities to invest in Pakistan. Secretary Finance, Chairman FBR, Secretary Petroleum, Secretary Water & Power, Chairman SECP and senior officials of the Finance Ministry were present in the meeting.