Finance Minister meeting with IFC Executive Vice President

Finance Minister meeting with IFC Executive Vice President

Finance Minister Muhammad Ishaq Dar held a very cordial and productive meeting with the Executive Vice President of IFC Jin Yong Cai here on Thursday.

The IFC EVP said that the Corporation was planning to set up a company in South Asia for infrastructure projects, which will specially benefit the energy sector of Pakistan.

The finance minister briefed Mr. Cai about the remarkable economic recovery achieved in the first eight months of the government and said all macroeconomic indicators are upbeat.

The head of IFC expressed a keen interest in issuance of the Pakistani rupee bond and setting up currency swap line.

He said the IFC wanted to establish an international Pak Rupee program, which will protect local businesses from exchange volatility.

The IFC was envisioning interest from investors from other countries in Pakistan including China. Mr. Cai expressed his keen desire to assist Pakistan towards initiation of the ILO/IFC “Better Works Program”

On Mr Dar’s request for early initiation of the ILO/ IFC Better Works Program in Pakistan to offset the Disney decision to discontinue outsourcing to Pakistan, Mr Cai responded very positively, and assured that the IFC would be happy to facilitate towards this subject to Pakistan meeting the required codal formalities required towards its initiation for which the ILO needed to be taken on board.

Minister Dar informed that Pakistan’s Permanent Representative at Geneva had already met DG ILO and the two formalities indicated towards ensuring security to the ILO personnel carrying out this Program in Pakistan and taking the four Provinces on board with respect to ownership and absorption of the Better Works Program would be readily met by the Government of Pakistan.

Mr Cai assured the delegation that all possible steps would be taken to ensure the early initiation of this Program in Pakistan and that his office would coordinate and work with the Embassy of Pakistan towards this end.

April 10, 2014
Washington, DC

Share the Post:

Related Posts

TEAM WASHINGTON D.C.

Read More

Texas Legislature recognized 23rd March as Pakistan Day

Read More

Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi holds high-level meetings in Washington

Read More

We’ve Made Improvements – Tell Us What You Think!

As of January 1, 2026, we’ve launched an improved Consular Services section to make it easier for you to find the information you need. This is just Phase 1 — and your input will help us continue to improve. 

Visit Consular Services Portal
Provide Feedback

Your responses go directly to Embassy staff and the Embassy’s partners supporting this effort. 

Virtual Town Hall / E-Kacheri

Embassy of Pakistan, Washington D.C. will hold a Virtual Town Hall / E-Kacheri on Friday, Jan. 30, 2026, 11 AM – 12 PM EST, to address all consular related queries/matters.

Register now at: https://docs.google.com/forms/d/1tzsbVOafcM7KoD5mt2PE8DmnNGSAv6Y-eqtzXLTH354/edit
and email your U.S. & Pakistani ID (passport, CNIC, NICOP, etc.) to [email protected] for verification.

We look forward to having you attend the Town Hall. 🇵🇰🇺🇸

Facilitation of Overseas Pakistani Community's Flood Relief Contributions

Severe floods have devastated communities across Pakistan. You can help.

Donate Now to the Prime Minister’s Flood Relief Account to support urgent humanitarian efforts.

Account Title: PM Flood Relief Account 2022
IBAN: PK92NBPA0002004181048973
Bank: National Bank of Pakistan 

Your support makes a difference.

****Click for Donation****

The Embassy of Pakistan Washington D.C.

Owing to inclement weather, the Embassy's Consular Section will open two hours later than usual tomorrow Feb. 23, at 11:30 a.m. All morning appointments will be accordingly rescheduled. We thank you for your understanding and cooperation.