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19 July 2004 Monday 01 Jamadi-us-Saani 1425



IFC to hold 'roundtable' on Pakistan


WASHINGTON, July 18: The International Finance Corporation (IFC) is holding a 'Roundtable on Pakistan' at its headquarters here on July 23, says an IFC announcement. It will provide an opportunity for a systematic discussion on the investment opportunities in Pakistan "as it embarks on its path of high economic growth."

Announcing this, IFC Country Manager, Farid F. Dossani, said: "The IFC and Pakistan's private entrepreneurs have been partners for over the last five decades, and we see this as an ideal time to reintroduce IFC to potential investors, especially from among the thriving Pakistani-American community, and share IFC's experiences in the development of infrastructure, financial markets, telecom, manufacturing and social sectors in Pakistan."

The IFC is a private sector arm of the World Bank. Its mission is to promote private sector investment in developing countries. It is the largest multilateral source of equity and loan financing for private enterprizes. The IFC's investments in Pakistan date back to 1958, with cumulative commitments to date nearing $1.8 billion. -APP




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