devinitorg/iati-policy-markers huggingface dataset:
Pakistan Trade Enhancement Facility II (PTEF2) This proposed facility will enhance the availability of trade finance to Pakistani importers and exporters by helping supplement country limits currently available to commercial banks operating in Pakistan. Given the various adverse economic shocks such as continued impact of September 11, drought, high oil prices and security problems, it is particularly important to maintain trade flows as they contribute significantly to the level of economic activity in Pakistan. IFCs participation will also help promote confidence in the banking sector at a time where investor confidence is still low, affected by the deterioration in the global economy. The indicator for the projects development impact will be the degree of utilization and revenues earned from this facility.     IFC Role:     IFC will play a catalytic role through risk mitigation and credit enhancement. IFC also has a role in increasing the availability and tenor of trade finance to private sector Pakistani businesses but helping to twice leverage ABN''s existing country limits to Pakistan.    Through its participation in the project, IFC will continue to promote confidence in Pakistan''s commercial banking sector.   A further long term benefit would be the continued downward trend of costs for trade finance in Pakistan.   IFC will continue to play a role in assisting local banks improve their disclosure standards through its requirements that local banks provide regular reports to IFC. This also allows IFC to continue to play a role in the commercial banking sector and strengthen its relationships.
Northwest Hospital Pakistan Alliance Healthcare (Private) Limited (AHL or the Company) is a leading healthcare group in Peshawar, Pakistan. AHL was established in 2005 and currently operates a 320-bed flagship tertiary hospital, a medical college, and an institute of health sciences. AHL is also in the process of constructing a 600-bed teaching hospital. The proposed IFC investment will support AHL to further construction of the teaching hospital, invest in growth capital expenditure for its existing facilities, and repay existing debt (the Project). Project-level impact: (i) expansion of a high-quality provider in an area with few high-quality options for patients, (ii) benefitting the healthcare system by strengthening medical education. Market-level impact: (i) potential for replication of systems by other players in the region leading to higher quality care, and (ii) trained staff going to work in other facilities in the region, thereby strengthening overall quality of care.
Jahangir Siddiqui Private Equity Fund I An investment of up to $20 million in JS Private Equity I (or the Fund), which has a target size of $100 million.  The fund management team will be led by Mr. Ali Siddiqui, with close supervision from Mr. Jahangir Siddiqui, a well-reputed asset manager with thirty years of asset management experience and well known to the IFC.

Abamco Limited (Abamco), an asset management company, owned by the JS Group (or the Group) will invest in the Fund the equivalent of more than 20% of its total capitalization.
PICT II Project Pakistan International Container Terminal (PICT or the company) has the exclusive rights to develop and operate a common user container terminal at berths 6-9 of Karachi port under a 21-year Implementation Agreement between the company and Karachi Port Trust. The project consists of the implementation of the second phase of a three-phased investment program under the Implementation Agreement. Investments include the acquisition of container handling equipment and the undertaking of civil works to increase PICTs capacity to accommodate expected traffic levels and improve service.
EPCL Expansion Engro Polymer & Chemicals Limited (EPCL or the Company) is the only fully integrated chlor-vinyl chemical complex in Pakistan. It is involved in manufacturing, marketing and distribution of poly-vinyl chloride (PVC) and chlor-vinyl allied products, including vinyl chloride monomer, caustic coda, hypochloric acid and sodium hypochlorite. The Company is undertaking implementation of a Hydrogen Peroxide plant and a few efficiency projects and has invited IFC to consider supporting its investment program. Implementation of the Project is expected to increase local availability of Hydrogen Peroxide (H202) in the Country. Customers will benefit from shorter delivery time and lower inventory costs. The Project is also expected to maintain the Company's competitiveness through value addition. The proposed investment qualifies as a climate change mitigation project and is expected to achieve some reductions in annual GHG emissions. In addition, the Project will create jobs and enable transfer of technical and managerial know-how. IFC anticipates that the Project will lead to increased competitiveness of the PVC and base chemicals sector, which will support the growth of the main users of these products such as the textile, building and construction sector.
Armstrong Tyres IFC is proposing to provide an A-loan of up to US$25 million to Armstrong ZE (Armstrong ZE or Company), to partially finance the establishment of a greenfield tyre manufacturing facility near Karachi, Pakistan at an overall cost of US$ 92 million (the Project). The Project aims to address the under-served replacement tyre market in Pakistan, predominantly reliant on imports and the informal sector. The plant, with a production capacity of 1.4 million tyres annually, will focus on producing Armstrong brand tyres for passenger cars and light truck segments. The Project is anticipated to yield significant outcomes, including: (i) stakeholder effects through increased access to affordable and reliable tyres, and (ii) Economy-wide effects through local value addition, economic activities, and job creation while preserving foreign exchange reserves through import substitution. Beyond the Project outcomes, IFC anticipates that the Project will improve competitiveness in the tyre manufacturing industry by  fostering innovative production capabilities, introducing advanced technology, and adhering to international safety standards.
Engro Pakistan Emergency Investment Facility The proposed IFC investment in Engro Fertilizers Limited (Engro or the Company), consists of a subordinated loan of up to $30 million to help mitigate the impact from the recent floods on their fertilizer business. The emergency loan is expected to help the Company deal with declining fertilizer sales and delays in completion of its new fertilizer plant that are due to the large scale floods in Pakistan.  The facilitys objective is to smooth the operation and output and support the Company to respond quickly to the recovery in fertilizer demand once agricultural production picks up again.
PICT4 Project PICT operates a container terminal in the Port of Karachi under a 21-year Implementation Agreement signed in 2002 with the Karachi Port Trust (KPT). The Port of Karachi is the main port of Pakistan and handles about 60% of the countrys container traffic. The company itself is estimated to handle about 21% of the countrys container traffic. IFC has provided three financing packages to Pakistan International Container Terminal Ltd. (PICT) since 2003 to support its development and expansion plans. Although Phase III investments are in progress, in order to further expand its operations to keep up with projected demand growth, PICT is executing Phase IV investments to: 

- acquire additional container handling equipment, including two ship-to-shore (STS) gantry cranes, ten rubber-tired gantry (RTG) cranes and other equipment (reach stackers, terminal tractors, trailer units, and generator sets); and 
- complete civil works. 

The project is estimated to cost $30.7 million and increase PICTs annual capacity to 750,000 TEUs. Pakistans GDP growth is driven by international trade, particularly its ability to grow exports and, by extension, the countrys ports ability to handle trade.  Pakistans ports have been facing capacity constraints as container volumes increase. The project is expected to increase container handling capacity and improve efficiencies at the company and at the Port of Karachi.  This will benefit all port users including shipping lines and exporters and importers through lower transport costs and higher levels of service.  The efficiency gains would support the competitiveness of Pakistani exports and contribute to a better environment for private sector development and economic growth. The project will also support the government with higher royalty payments and taxes.
CCI Pakistan Coca-Cola Beverages Pakistan Limited (CCBPL), headquartered in Lahore, and founded in 1996, produces, sells and distributes soft drinks to the domestic market.  The proposed loan will contribute towards CCBPLs funding need for the following initiatives: (i) capital expenditure investment program; (ii) working capital need; (iii) upcoming maturities of the loans; and (iv) other general corporate purposes (the "Project"). The main development impacts of the project include i) reaching a large number of farmers along the Company''s primary supply chain in collaboration with the Company''s direct suppliers in Pakistan; ii) generating benefits for MSMEs through downstream linkages along the Company''s distribution and retail networks, and iii) creating direct employment, including female employment, at the Company''s own facilities across multiple production locations in Pakistan. The project also represents an example of a South- South investment, which is expected to generate extensive knowledge sharing.
HBL Loan Project The project comprises of a senior loan, with a tenor of up to 10 years, of up to US$150 million to Habib Bank Limited (HBL or Bank) comprising (a) an A Loan of up to US$86 million for IFCs own account, and (b) a loan of up to US$64 million from IFC acting in its capacity as implementing entity for Managed Co-Lending Portfolio Program (MCPP).  The loan will support the Banks domestic and international growth in the critical segments of small and medium enterprises, rural and agriculture finance, women owned/operated businesses, and sustainable energy finance.   HBL is the largest commercial bank in Pakistan with a market share of around 15% in terms of total assets and deposits. As of December 31, 2014, HBL had total assets of US$18.6 billion, total deposits of US$15.2 billion and total equity of US$1.7 billion. The expected development impact from the project include (i) increased financial inclusion; (ii) greater access to SME finance including to those owned/operated by women; (iii) increased rural and agriculture lending; (iv) private sector development; and (v) promotion of environmental and social management.
Standard Chartered Bank (Pakistan) Limited The proposed project (Project) is an unfunded risk participation facility on a 50:50 basis, between IFC and Standard Chartered (Pakistan) Limited (SCBPL or the Bank), for up to US$ 200 million equivalent in local currency. The purpose of the Project is to support SCBPLs trade and short-term working capital finance to eligible clients, and its supply chain finance program in Pakistan which will enhance access to finance to SMEs linked to domestic supply chains. The development impact of this Project is expected to be centered around supporting trade volumes and domestic production in Pakistan via an increase in the supply of trade finance. The Project will help close the trade finance gap in Pakistan and provide financial access to SMEs which currently have limited or no access to finance.
Anagram Equity FrieslandCampina (FC), a leading global dairy processors both in its home-base of Europe and the rapidly growing Asian market, intends to acquire a controlling stake in Engro Foods (the Company), one of the largest dairy processors in Pakistan. The development impact of the Project is expected to include: (i) Increased benefits to small-holder dairy farmers; (ii) Enhanced supply-chain efficiencies in milk collection; (iii) Job creation and inclusive growth; (iv) Improved food safety and food security; and (v) Promoting foreign direct investments to Pakistan.
PTCL Acquisition Pakistan Telecommunications Company Ltd. (PTCL or the Company) has entered into a Share Purchase Agreement with Telenor Pakistan B.V. dated 14 December 2023 for the acquisition of 100% shares of Telenor Pakistan Private Ltd. (TPL) at a purchase price of PKR 108 billion on a cash free debt free basis. IFC plans to provide a loan of up to US$150 million and mobilize up to US$250 million in debt to fund PTCLs acquisition of TPL (the Project). The Project is expected to result in increased access to reliable digital connectivity for individuals and businesses through a CapEx program supported by synergies generated by the ultimate merger between two telecom operators with large complementary networks and operations. The transaction is supporting the consolidation of the mobile market thereby unlocking cost synergies and economies of scale that would allow the Company to increase investment in digital infrastructure and enhance access to connectivity. The investment in digital infrastructure is expected to have a multiplier impact with other market players also being forced to improve access to connectivity through business model innovation and technology.
ISC-i2i Ventures i2i Venture Capital Fund I LP (the Fund) is an early stage venture capital fund raising up to US$ 15.0 million to invest in pre-Seed and Seed stage tech startups in Pakistan. This investment will fall under the IFC Startup Catalyst initiative (ISC), which supports entrepreneurship and innovation at the earliest stages. The Project is expected to be supported by the Women Entrepreneurs Finance Initiative (We-Fi) as described in the Blended Finance Section. IFC anticipates that the Project would result in increased access to pre-seed/seed stage equity financing and value addition services for digital entrepreneurs in Pakistan. It will also help increase access to equity for female entrepreneurs. Beyond the Project, this investment has the potential to increase the competitiveness of the local start-up ecosystem and venture capital market in Pakistan through demonstration and capacity building effects.
EVTL Expansion Engro Vopak Terminal Ltd. (EVTL, or the Company) owns and operates the largest terminal and storage facility for bulk liquid chemicals and Liquified Petroleum Gas (LPG) in Pakistan. It is involved in the handling and storage of Para-Xylene, Acetic Acid, Ethylene Di Chloride (EDC), Vinyl Chloride Monomer, Ethylene, Mono Ethylene Glycol, Phosphoric Acid and LPG.  The proposed investment will support the Company to: i) expand LPG storage capacity by 6,000 tons; ii) expand EDC handling facility; iii) undertake 3-year terminal rehabilitation program and; iv) install solar panels (The Project). The Project is expected to have the following development impacts: 
a) Environmental sustainability - the Project is expected to support energy transition in Pakistan towards cleaner fuels by increasing access to reliable supply of LPG, which has low indoor health hazards and greenhouse gas emissions relative to alternative conventional fuels like firewood, kerosene or charcoal. 
The Proposed Project will allow the Company to implement 3-year terminal rehabilitation capex program covering some high priority scheduled maintenance and terminal rehabilitation that is essential for its continued safe and efficient operations.

b) Stakeholders Effects:  The Project will have economy-wide effects by substantially alleviating current deficit of LPG in Pakistan and improving access to cleaner fuels for rural households, as well as automotive sector consumers. Extension of LPG capacity will also provide additional business opportunities for thousands of Small and Medium Enterprises operating in the downstream LPG distribution business, such as LPG cylinder distributors, fueling stations and others.

c) Market creation: The Project will result in systemic changes to the existing LPG market in Pakistan through implementation of infrastructure to import, store and market larger quantities of LPG which is expected to substantially increase the local availability of LPG.
International Industries Ltd The downstream steel project comprises the installation and operation of an integrated 280,000 tons per annum (tpa) cold rolled mill and a 150,000 tpa galvanizing plant in Karachi, Pakistan. The project also includes a captive 18 MW gas fired power plant which is operational and providing power to the national grid. The project would source steel, mainly hot rolled coil, in the competitive world steel market and process it further to make cold rolled coils and galvanized sheets primarily for roofing material. The project cost is estimated at $162 million, including $34 million working capital.   - Purpose of Project:   The project would establish the first privately owned galvanizing sheet plant in Pakistan that would domestically manufacture and substitute 75% of the galvanized sheet that is currently imported.  Pakistan imports 200,000 tpa annually or 80% of its requirements.  The imports of galvanized sheet into Pakistan are primarily made by individual traders in small quantities which is inefficient and leads to high costs to domestic consumers.  The projects large and modern manufacturing equipment will lead to lower costs to consumers, allow better matching of the market needs through customized products and achieve significant proximity advantage against imports through shorter lead times. The project will have a strong development impact by locally supplying galvanized sheets that are currently imported, savings over $35 million annually of foreign exchange.  Many houses in the coastal regions of Pakistan still use asbestos sheets for roofing, which represents health issues for the society, and which the project plans to replace with galvanized sheets. The project will benefit from the management expertise of a strong sponsor, who has significant technological know-how both in investment and production.  It will also create direct job opportunities, for about 500 employees, who will benefit training schemes. Given the limited number of listed companies in Pakistan, the successful IPO of the project will help strengthen the domestic capital market.
Karot Hydro Karot Power Company Ltd. (the Company), a special-purpose vehicle incorporated in Pakistan and majority owned by China Three Gorges South Asia Investment Limited (CSAIL), is undertaking the construction, operation and maintenance of a 720MW run-of-the-river hydropower plant being developed on the Jhelum River (the Project). The Project is expected to generate 3,174 GWh (net) annually and will sell all of its energy to the National Transmission and Despatch Company Limited of Pakistan under a 30-year Power Purchase Agreement. Payment obligations of NTDC will be guaranteed by the Government of Pakistan. The Project, whose construction is expected to take five years, will include a 95.5 meter high dam, a surface powerhouse, four headrace tunnels, a spillway and an approximately 5km long 500kV transmission interconnection to the national grid. (i) the Project''s estimated annual generation equals 3% of FY14 generation in Pakistan and will contribute to addressing the country''s significant power shortage situation. The Project''s power generation corresponds to approximately 3.8 million individual residential customers reached; (ii) the Project is expected to generate power at a lower levelized cost compared to thermal alternatives such as fuel-oil based generation, thereby positively benefiting end-consumers; (iii) the Project is estimated to help achieve greenhouse gas reductions of around 1.6 million tons of CO2e annually during the operational phase; and (v) the Project will harness indigenous renewable resource and help attract further private sector participation into Pakistan''s hydropower sector.
QICT II Project Qasim International Container Terminal Pakistan Ltd. (QICT or the Company) operates a container terminal at Port Qasim approximately 50 kilometers southeast of Karachi, Pakistan. QICT is the leading container terminal operator in Pakistan with a market share of 36% in 2009. The project consists of an inland container depot (ICD), a container freight station (CFS), and other capital expenditure requirements of QICT, which will help to improve transportation services in Pakistan.  The ICD will be located near the industrial and agricultural center of Lahore and will enable upcountry customers to receive and deliver cargo from Lahore via rail, representing additional convenience and cost savings relative to trucking. The CFS and other capital expenditures will improve services and efficiency for QICTs existing clients at Port Qasim. The proposed IFC financing will help strengthen the transportation sector in Pakistan by improving transport logistics between Port Qasim and Lahore, efficiency levels at QICT's existing container terminal, and value-added CFS services at Port Qasim.  The accompanied improvements in service levels, efficiency, and costs will benefit all port users including shipping lines, exporters, and importers. In addition, the long-term introduction of viable rail service between Port Qasim and Lahore will significantly reduce transport costs and emissions. The Project is expected to create new jobs and generate increased revenues for the Government of Pakistan through higher royalty and lease payments by the Company as well as higher taxes. IFC's financing will also send an important signal of support for sustainable Pakistani enterprises during the current challenging political and economic environment.
China Three Gorges South Asia Investment Limited China Three Gorges South Asia Investment Limited (the Company or CSAIL) is a newly formed investment holding company that will acquire, develop, build, own and operate renewable power generation projects in Pakistan and other territories duly approved by the board of the directors of CSAIL. The Companys current multi-stage project pipeline is about US$5.5 billion, comprising of solar, wind and hydro projects with a cumulative capacity of over 2,000 MW, including 1820MW in two large hydro projects. CSAIL aims to become the largest renewable power company in Pakistan. The project marks the entry of a large and experienced sponsor with a significant investment program in Pakistan''s electricity market that needs an investment of around US$15-20 billion to develop 10,000MW of additional generation capacity in the next 5 years to overcome the supply shortfall. The project will i) significantly increase Pakistan''s total available power generation capacity by around 17%, to meet more than a third of the current supply deficit, that will in turn contribute to reduction in ongoing prolonged power outages; ii) lay the foundation for private sector participation in development of large scale hydropower projects, leading to 27% increase in power generation from hydropower resources; iii) provide access to electricity to more than 24 million people; iv) utilize indigenous, renewable resources as lower cost alternatives to expensive thermal generation based on imported fuels; v) deliver climate change benefits in terms of increased share of renewable power generation in the overall fuel mix.
Engro Polymer Phase 3 0  0  0  0  0  0  0  0  0.0000       Engro Polymer & Chemicals Limited (EPCL or the Company) is the only fully integrated chlor-vinyl chemical complex in Pakistan. It is involved in manufacturing, marketing and distribution of poly-vinyl chloride (PVC) and chlor-vinyl allied products, including vinyl chloride monomer, caustic coda, hydrochloric acid and sodium hypochlorite. The Company is undertaking capacity and productivity enhancement plan and has invited IFC to consider supporting its investment program. Implementation of the Project is expected to improve availability and affordability of high quality PVC resin and caustic flakes, strengthen competitiveness of local industries that consume these products, such as construction, housing, agriculture, and others, create jobs and enable transfer of technical and managerial know-how.