PNN: The CEO of the United States International Development Finance Corporation (DFC), Mr. Benjamin Black, called on the Prime Minister of Pakistan in Washington D.C. today. He was accompanied by Mr. Conor Coleman, DFC’s Head of Investments, and senior leadership of the agency.
During the meeting, the Prime Minister appreciated the growing economic partnership between Pakistan and the United States and recognized DFC’s pivotal role in facilitating joint ventures between private enterprises, which are critical for job creation and productivity enhancement.
The Prime Minister highlighted Pakistan’s improving macroeconomic fundamentals, the government’s commitment to structural reforms, and the country’s attractive investment climate. He invited DFC to expand its financing for projects in energy, mining and minerals, agriculture, and IT sectors. He also noted DFC’s existing portfolio of over $1 billion and emphasized the synergies between economic priorities of both countries, encouraging enhanced business-to-business engagement. Additionally, he invited DFC to participate in the upcoming Minerals Conference in Islamabad in April.
Mr. Black briefed the Prime Minister on DFC’s strategic initiatives, priorities, and project pipeline in Pakistan, expressing interest in increasing the agency’s footprint in the country. He highlighted DFC’s readiness, following its recent reauthorization, to support economic development in partner countries.
The Prime Minister extended a personal invitation to Mr. Benjamin Black to visit Pakistan at the earliest opportunity to explore mutually beneficial investment opportunities across sectors of shared interest.