Pakistan Moves Forward with New Infrastructure Finance Company to Attract Private Investment
Pakistan is advancing plans to establish the Pakistan Infrastructure Finance Company (PIFC), a dedicated, autonomous institution aimed at bridging the infrastructure financing gap and attracting private capital to major development projects. The creation of this entity is being pursued under the directive of the Prime Minister, with the goal of introducing a modern financing model for the country’s infrastructure sector.
The latest developments were shared during a high-level meeting chaired by Federal Minister for Planning, Development, and Special Initiatives, Professor Ahsan Iqbal. Participants included representatives from the Public Private Partnership Authority and its international consultants, Kearney and Rebel, who presented the proposed design and roadmap for the PIFC.
Unlike traditional development finance institutions (DFIs), PIFC is envisioned to provide financial facilities in local currency and actively facilitate both private and institutional investment in infrastructure projects. This approach is expected to encourage greater domestic participation and reduce reliance on foreign currency borrowing.
Minister Iqbal emphasized the importance of aligning the company’s strategy with national priorities. He called for initially identifying projects where investment can be most effectively mobilized, ensuring swift progress and impact.
The establishment of PIFC marks a significant step towards creating a transparent, sustainable, and robust infrastructure financing framework in Pakistan, supporting the nation’s long-term development objectives.
