IFC & Habib Metro Launch Risk-Sharing Facility to Empower SMEs
International Finance Corporation (IFC) announced a new risk-sharing facility with Habib Metropolitan Bank Limited (HABIBMETRO) to expand access to finance for small and medium enterprises (SMEs) across Pakistan, including agricultural SMEs, and address the country’s SME financing gap.
Mehfooz
IFC, Standard Chartered, Engro announce Rs.33.6 billion first-of-its-kind agri-chain financing Pakistan’s agriculture
The International Finance Corporation (IFC) announced its first Pakistan rupee-denominated investment through an unfunded Partial Credit Guarantee of up to Rs33.6 billion (about $120 million equivalent) to support long-term PKR financing by Standard Chartered Bank Pakistan Limited for Engro Fertilizers Limited, aimed at strengthening Pakistan’s agricultural value chain.
Editor
Habib University Becomes First in Region to Earn IFC EDGE Advanced Certification
Habib University has made history by becoming the first university in South Asia and the Middle East, Central Asia, and Türkiye (MCA) region to receive the EDGE Advanced Green Building Certification from the International Finance Corporation (IFC), a member of the World Bank Group. This global recognition marks Habib University’s Karachi campus as a model of environmental sustainability and resource efficiency.
HBL Microfinance Bank and IFC Finalize $80 Million Risk Sharing Agreement
HBL Microfinance Bank (HBL MfB) has signed a US$ 80 million Risk Sharing Agreement (RSA or the facility) with the International Finance Corporation (IFC), a member of the World Bank Group.
PTCL advances Telenor Pakistan acquisition by signing financing agreements with IFC-led consortium
Pakistan Telecommunications Company Limited (PTCL) has signed formal loan agreements with an International Finance Corporation (IFC)-led consortium to secure up to $400 million in financing for the acquisition of Telenor Pakistan and Orion Towers (Pvt.) Limited. This is a significant milestone in the acquisition process following the IFC Board of Directors’ approval of the financing deal in April 2024.
LUMS Hosts 2nd Symposium on Battery Electric Vehicles in Pakistan
LUMS hosted the 2nd Symposium on Battery Electric Vehicles (BEVs) in Pakistan in collaboration with the Higher Education Commission (HEC) Pakistan, World Bank, and the International Finance Corporation (IFC). Focused on ‘Accelerating the Electric Mobility Transition in Pakistan’ this year, the symposium brought together senior leaders, policymakers, academics, and industry experts. The event featured distinguished speaker sessions and panel discussions on progress, challenges, and ways for electrification of transportation in the country in line with global trends.
IFC approves financing for PTCL Group’s acquisition of Telenor Pakistan
The Board of Directors of the International Finance Corporation (IFC) has provided a go-ahead for financing to PTCL Group for the purchase of Telenor Pakistan. The decision follows PTCL Group’s signing of a share purchase agreement with Telenor Pakistan for the acquisition of a 100 percent stake in the company on a cash-free, debt-free basis.
Islamabad airport set for 15-year outsourcing to enhance operational activities
Minister for Aviation Khawaja Saad Rafique said that Islamabad International Airport would be outsourced for a period of 15 years to improve its operational activities. In response to a calling attention notice in National Assembly sponsored by MMA lawmaker Maulana Abdul Akbar Chitrali regarding the outsourcing of the airport, the minister clarified that the move…
Adil Aziz
Dar review progress to outsourcing airports’ operation
Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting of the Steering Committee to review the progress of work related to outsourcing of airports’ operations, at Finance Division. Federal Minister for Aviation and Railways Khawaja Saad Rafique, Special Assistant to Prime Minister (SAPM) on Finance Tariq Bajwa, Secretary Aviation, CEO Public…
Agriculture investment symposium held to gather investors, farmers
The agriculture investment symposium was held here to bring together key stakeholders, including investors, policymakers, farmers, development partners, and researchers, to exchange ideas, knowledge, and experiences to drive investment in the agriculture sector. The symposium was attended by more than 300 participants and provided a platform for matchmaking and exploring opportunities for private investors and…
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