Advisor Dr. Sheikh held a meeting with the IFC team led by Ms. Nena Stoiljkovic, Vice President. Ms. Stoiljkovic briefed the Adviser Dr. Shaikh about IFCís pipleline of projects in Pakistan particularly in the wind and solar sectors and also expressed interest in providing advisory services for structuring public private partnership transactions.
US-Pakistan Business Council hosted a luncheon roundtable in honour of Dr. Abdul Hafeez Sheikh and members of Pakistan delegation at the US Chamber of Commerce. While talking to the participants, Dr. Shaikh highlighted the Governmentís focus on improving the ease-of-doing-business and encouraged the US companies to expand their footprint in Pakistan. He mentioned that the economy is on its path to stabilization and the US businesses should benefit from investment opportunities available in the country. The roundtable was attended by senior executives of the USPBC member companies including S & P Global, PepsiCo, Motorola Solutions Inc, Citi, Google, ExxonMobil and others.
The Pakistan delegation also attended the Annual Plenary of the IMF and World Bank Group which was addressed by Mr. David Malpass, WB President and Ms. Kristalina Georgieva, MD IMF.
Later Dr Abdul Hafeez Shaikh and Pakistan delegation met with President Asian Infrastructure Investment Bank ( AIIB)Mr Jin Liqun. They discussed the AIIB portfolio in Pakistan and potential areas of project financing by the Bank.President AIIB reiterated support for Pakistanís development agenda and stated that AIIB was ready to increase funding for Pakistanís priority development sectors. He said that investment in infrastructure projects has a long term positive impact on growth.
Adviser invited President AIIB to visit Pakistan which he accepted.
The Adviser and his delegation also met with President Islamic Development Bank ( IDB)Dr Bandar M H Hajjar. He briefed him on the current economic situation in the country. He also thanked the President for IDBís technical and financial support to Pakistan.
President IDB informed that Pakistan has been identified as one of the first countries which will be supported by the Bank for strengthening market competitiveness in its core sectors. An IDB mission will soon visit the country for this purpose.