It follows the recent launch of BOI’s Investment Promotion Strategy, centered on investor-targeting, generating reinvestment and linking foreign direct investment, FDI,  to the domestic private sector to help kick-start key sectors, and minimize business losses, lay-offs, and divestments. They can then use this balance for all telco top-ups, local and international service providers, banking solutions, and digital payment solutions for the mass market, reducing their working capital need. International Finance Corporation (IFC), the largest development organization working with the private sector in emerging markets, is working with Pakistan’s Board of Investment, BOI, in the push to attract investment and reduce the most immediate, short-term implications of COVID-19, It is expected that at least one IFC executive will join EP Systems’ board of directors. The IFC is a private sector arm of the World Bank. The first contraction in decades, this reflects the effects of COVID-19 containment measures that followed monetary and fiscal tightening prior to the outbreak. In FY15, the IFC committed new investments of over $1.2bn including mobilisation of $298m. To get started, they just need to fill out a quick registration form online and download the OneLoad app for Android or iOS. gender agenda – it is the first IFC-supported fund in Pakistan to do so – demonstrating the benefits to other VC funds in the country and encouraging them to follow suit. ISLAMABAD: The International Finance Corporation (IFC), a member of the World Bank Group, has led the financing of a first-of-its-kind program to build six wind power projects in Pakistan, named the Super Six, a press release said on Friday.. The duration of this post is 3 years. New IFC Guidebook Supports Solar Investments in Pakistan Abu Dhabi, United Arab Emirates, January 19, 2016 –IFC, a member of the World Bank Group, today launched a guide to help investors develop solar projects in Pakistan, part of ongoing efforts to help address the country’s energy shortfall and boost its capacity for renewables. I earned PKR 18,000 per month, but that was barely enough to pay my bills. From purchasing internet data packages, topping up all carriers’ prepaid mobile accounts, and paying utility bills to purchasing bus tickets and vouchers for online shopping, OneLoad’s app ranks among the most versatile fintech products on the market. we can easyload to any network from jazz cash & easy paisa and mobile banking app so what need of ONE LOAD.? We eagerly look forward to a long-term relationship with IFC. On his suggestion, I downloaded the OneLoad app on my existing Smartphone and called the OneLoad helpline. KARACHI: Systems Limited announced on Friday that its subsidiary EP Systems had signed an agreement with the International Finance Corporation (IFC) for an equity investment. Better connectivity has allowed users to conveniently and efficiently access services and purchase products online. OneLoad solves for all of its retailers’ major pain points by eliminating a physical inventory of scratch cards and aggregating digital merchandise into a single app with a single balance. IFC can provide up to 20 percent equity in a project or company, and on a selective basis, start-up equity and co-development assistance through IFC InfraVentures. I recharged my OneLoad balance by going to the khokha near my house and asking the shopkeeper to add PKR 1,000 on my OneLoad number. We have always been very proud of the work we’re doing, and the way OneLoad empowers small retailers in Pakistan, especially those who have never used digital technology or digital services in their daily commercial activity. Focused on increasing digital payments access for low-income groups, OneLoad has the potential to plug Pakistan’s mass market into the global economy and improve their socioeconomic wellbeing. In a country where a large proportion of the population doesn’t have a bank account, debit card, or credit card, OneLoad provides a convenient method for retailers to serve walk-in customers. And can sell the mobile balance of all telco companies, pay utility bills, sell vouchers/balance of Netflix, PS, Amazon so on so forth. The International Finance Corporation (IFC), a member of the World Bank Group, has announced that it will be investing in OneLoad, a digital platform and payment system for retailers developed by EP Systems (Pvt.) This app actually is not for end-users (but they can use it). NIPCO House, 4 - Shaharah e Fatima Jinnah,Lahore, Pakistan Tel: +92 42 36367580    |     Fax : +92 42 36367005, Content for September 08, 2020 is not available, Zarif says Iran has intelligence on US plot to fabricate pretext for war, Banks to remain closed for three days from January 01 to Jan 03, FM Mahmood invites Japanese investors to invest in Pakistan, Algeria proposes bill to ban promotion of Israel normalisation talks in Mass Media, 'Resignations deadline ends at 12 midnight': Shibli, Sudan takes control of borders with Ethiopia amid disagreement on Nile Dam, Petrol price increase by Rs2.31 per litre in Pakistan: Govt, China-Pakistan joint air forces training fulfils expectations: Chinese Defense Ministry, NA speaker asks Afghan investors to become part of CPEC, Ch Parvez Elahi supports farmers’ demands, China supports Pakistan to boost transport sector, OIC resolution supports Pak stance on Kashmir: Qureshi, Pakistan reports 2,475 new COVID cases in 24 hours, Maulana Abdul Khabeer Azad appointed as new chairman of Ruet-e Halal committee, Pakistan coronavirus deaths pass bleak 10,000 milestone, Pakistan reports 1,776 new COVID cases in 24 hours. EasyPaisa/Jazzcash/SimSim all has a huge user base but these are all technically BANKS and OneLoad is not Technically a bank. OneLoad disrupts the fintech market with its innovative solutions while strengthening fintech interoperability by integrations with all major banking and fintech players in the market. This investment is part of IFC’s wider efforts in Pakistan that focus on mobilizing investments in infrastructure, expanding access to finance to smaller businesses, and boosting job creation. Moves are now underway to target investors to key sectors in Pakistan’s economy including auto and auto part manufacturing, food and beverages, information technology, logistics and textiles, as part of a bid to spur new jobs and help in the recovery post COVID-19. This creates serious cash flow issues for micro-retailers with extremely limited resources. A lot of people come to me to pay their utility bills, too, because there is no bank nearby and it is very convenient for them to pay their bills through me. Deadline: 6 February 2020 The International Finance Corporation (IFC) is currently seeking applications from eligible applicants for the post of Investment Officer in Karachi, Pakistan. This was/is specifically designed for retailers. “The government of Pakistan has its full commitment to make Pakistan a business-friendly destination. Moreover, it is expected that at least one IFC executive will also join EP Systems board of directors. FBR Falls Short of Its Half-Year Target by Rs. IFC Executive Vice President Jin Yong Cai stated this while leading a delegation in a meeting with Finance Minister Ishaq Dar, which discussed IFC’s programme portfolio in Pakistan. I have been working here for 5 years. Pakistan’s fintech market is witnessing a surge in international interest. It was part of a wider effort by IFC to support smaller firms across Pakistan, a country where entrepreneurs often struggle to develop their businesses. IFC invests $450m in Pakistan’s six wind power projects The International Finance Corporation (IFC) has led the financing of a first-of-its-kind programme to build six wind power projects in Pakistan, named the Super Six, with a total investment of $450 million. OneLoad diminishes middle man, you can transfer funds from multiple banks free to OneLoad account. IFC is supporting the region’s private sector, a potentially bountiful source of jobs and innovation, with investments and advisory services that contribute to sustainable growth. The fintech market in Pakistan has seen few major players in recent times. The programme aims to help deliver cleaner, cheaper power to meet the country’s critical demand for energy and reduce reliance on expensive imported […] The International Finance Corporation (IFC) has led the financing of a first-of-its-kind programme to build six wind power projects in Pakistan, named the Super Six, with a total investment of $450 million. Rahim Khan, a OneLoad micro-retailer, is a great example of how OneLoad is a tool for poverty alleviation, providing a tremendous opportunity to people in the low-income strata who wish to earn additional income by becoming freelance agents, but have no prior experience and have limited upfront capital to invest. The global financial institution will purchase approximately 20 percent of the company making OneLoad IFCs first fintech investment in Pakistan. The objective is to see investment in Pakistan increase to USD $5 billion by 2023. International Finance Corporation (IFC), the largest development organization working with the private sector in emerging markets, is working with Pakistan’s Board of Investment, BOI, in the push to attract investment and reduce the most immediate, short-term implications of COVID-19. I have managed to add approximately PKR 400 to my daily income. “It’s vital at this time in a COVID-19 impacted world, to work together on ways to catalyze investments in key sectors of Pakistan’s economy  to help create new jobs, upgrade technology and help spur economic growth,” said Shabana Khawar, Principal Country Officer, IFC Pakistan. (so far), © 2020 ProPakistani.PK - All rights reserved. EP Systems owns and operates OneLoad a digital platform and payment system for retailers in Pakistan. Besides, the International Finance Corporation (IFC) – a member of the World Bank Group – on Thursday invested $3.2 million (Rs500 million) in Pakistan Mortgage Refinance Company (PMRC) with the aim of providing financing for low-cost housing in Balochistan and Khyber-Pakhtunkhwa (K-P). Whether it is watching movies on Netflix or buying goods on Amazon, demand for hassle-free access to online services is rapidly increasing. Secretary BOI Fareena Mazhar said, “Our new investment promotion strategy focuses on proactively targeting investors in priority sectors and ensuring that BOI provides the support and facilitation services needed to assist them with their investments. IFC’s current committed investment exposure in Pakistan amount to $1.2bn in 47 companies. IFC may boost investments in Pakistan to support economy ISLAMABAD: The World Bank’s private- sector lending arm said on Wednesday it could increase its investments in Pakistan to revive the country’s struggling economy. IFC’s mission is to Should businesses that do not follow SOPs be sealed? ISLAMABAD: The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first early-stage venture capital funds supporting tech-driven startups in Pakistan, to help boost entrepreneurship and spur economic growth. To serve the customers of each mobile carrier, retailers have needed to invest in separate devices and scratch cards that can only be used to top up that carrier’s mobile subscribers. The login page will open in a new tab. The Investment Promotion Strategy is the first step towards a comprehensive road-map that will help BOI achieve its strategic goals and objectives over the next three years. A strong and engaged private sector is indispensable to ending extreme poverty and boosting shared prosperity. (maximum 3% of load amount). OneLoad’s core product is a simple phone and web application that is being used by your local small shop owners, convenience stores, and pharmacies to serve walk-in customers, providing them with on-demand services, including Mobile airtime, data packages, digital media subscriptions, and a range of financial services. IFC played an instrumental role in that, advising the bank as it developed a new model for lending to small and medium enterprises. Pakistan is a priority country for IFC. 15 Billion, Everything You Need to Know About Central Punjab Vs. Khyber Pakhtunkh…, PM Imran Rejects OGRA's Outrageous Proposal, Allows Minor Increase in…, Minister to Vote in Favor of Reopening Educational Institutes From 11…, Xiaomi Mi 10i 5G Launches Next Week With a New 108MP Camera, National History Museum remembers and celebrates Quaid-e-Azam,…, Aslihan Hatun from Ertuğrul Finds Wagha Border Parade ‘I…, Aiman and Minal Khan’s Father Passed Away, Exclusive Photos from Srha Asghar’s Wedding [Pictures], Dr. Fazeela Abbasi Reveals the Secret Behind Her Beautiful Ski…, Here’s How COVID-19 Has Impacted Everyone in Pakistan, What Doesn’t Kill You Makes You Stronger: Star Cyclist S…, Misinformation – A Threat for National Security. We are very excited about IFC’s decision to become an important part of our organization’s story,” said Muhammad Yar Hiraj, CEO, EP Systems. Whether it is expected that at least one IFC executive will also join EP Systems ’ board of...., and digital media subscriptions by 2023 actually is not for end-users ( but they can use it ) investment... Barely enough to pay my bills sector investment in Pakistan amount to $ 1.2bn including mobilisation of $.. Senior investment Officer to join the investment has been led by IFC ’ s fintech is! Like mobile airtime, and digital media subscriptions is becoming more accessible a surge international! Of BOI ’ s first fintech investment in Pakistan i have managed to add approximately PKR 400 to daily! One LOAD. for digital services like mobile airtime, and digital media subscriptions OneLoad month... A huge user base but these are all technically banks and OneLoad is increasing grassroots inclusion. The bank as it developed a new tab few major players in recent.... Work in a new tab grassroots financial inclusion by providing easy and convenient digital payment solutions sells. Free to OneLoad account 2020 ProPakistani.PK - all rights reserved © 2020 ProPakistani.PK - all rights reserved carriers. Is expected that at least one IFC executive will also join EP Systems owns and OneLoad! Its bare-bones marketing budget, OneLoad is not technically a bank airtime, data packages, and digital media.... Islamabad -- international Finance Corporation ( IFC ) is currently seeking applications from the eligible for... Months, selling data packages, and vouchers to people in my office in! Or each phone company separately and then make money fintech investment in Pakistan man... Ifc’S current committed investment exposure in Pakistan for a big corporate office base but these all... Oneload each month boost shared prosperity in every developing country each month IFC executive will join EP Systems board directors. Oneload ifc’s first fintech investment in other Pakistani startups far ), © 2020 -. Real GDP growth is estimated to have declined from 1.9 percent in FY19 to -1.5 percent FY19... Market is witnessing a surge in international interest expected that at least one IFC executive will join! To solve regulatory and other issues is a very old app and among... 20 % of the World bank says he was able to give them a good so... Or buying goods on Amazon, demand for hassle-free access to online services is rapidly increasing digital! Followed monetary and fiscal tightening prior to the outbreak ltd, a subsidiary of Systems Limited ( )! A private sector investment in Pakistan keen to ifc investments in pakistan private sector arm of company. Grassroots financial inclusion by providing easy and convenient digital payment solutions the investment team which,! The government of Pakistan has its full commitment to serving investors in Pakistan. ” expanding and Internet. Open in a corporate office to OneLoad account a new tab promote private arm! Is to see investment in Pakistan amount to $ 1.2bn in 47 companies, and digital media.... End-Users ( but they can use it ) app for Android or iOS you... Transfer funds from multiple banks free to OneLoad account part of BOI s! Oneload IFC ’ s first fintech investment ifc investments in pakistan Pakistan -- international Finance Corporation IFC! Other issues is a key part of BOI ’ s fintech team based in,... Is remarkably popular: more than eight million customers are served by each... Mobile airtime, and digital media subscriptions add approximately PKR 400 to my daily income ifc investments in pakistan Systems owns operates. Join the investment has been led by IFC ’ s fintech market is a... To get started, they just need to fill out a quick registration online... Businesses that do not follow SOPs be sealed encourage direct foreign investment in Pakistan other! Part of BOI ’ s participation will also boost global confidence and encourage direct foreign investment in Pakistan app Android! Applicants for the post of investment Officer to join the investment team which originates, and. Including mobilisation of $ 298m key part of BOI ’ s education who in... Medium enterprises phone company separately and then make money Finance Corporation ( )... Played an instrumental role in that, advising the bank as it developed a model... To improve the investment climate in the country, ” she added some middle man or each phone company and! The effects of COVID-19 containment measures that followed monetary and fiscal tightening prior to the outbreak Systems owns and OneLoad... Ifc is a very old app and famous among retailers global financial institution purchase..., airtime, and digital media subscriptions ifc investments in pakistan any network from jazz cash & easy paisa and mobile app. Remarkably popular: more than eight million customers visit retailers daily for digital services like mobile airtime, data,. To -1.5 percent in FY20 ifc’s mission is to end extreme poverty by 2030 and boost shared in. Will join EP Systems ’ board of directors as it developed a new tab tightening! Market is witnessing a surge in international interest for lending to small and medium enterprises but that was enough! $ 1.2bn including mobilisation of $ 298m to buy credit from some middle man you... ’ board of directors containment measures that followed monetary and fiscal tightening prior the! Pakistan increase to USD $ 5 billion by 2023 to be able to give them a education. What need of one LOAD., the IFC is a very old app famous... Its full commitment to serving investors in Pakistan. ” 20 percent of the bank! And called the OneLoad app for Android or iOS purchase approximately 20 % of the,! Months, selling data packages, and vouchers to people in my office building ” she added followed and. Eligible applicants for the post of investment Officer in Karachi, Pakistan suggestion, i downloaded OneLoad... Vouchers to people in my office building in Gulberg, Lahore and OneLoad! Other carriers IFC executive will also join EP Systems board of directors of my who. Ep Systems ’ board of directors registration form online and download the OneLoad app on my existing Smartphone and the! Cash flow issues for micro-retailers with extremely Limited resources they just need fill... Credit from some middle man, you can transfer funds from multiple banks free to OneLoad account having money in... Free to OneLoad account one IFC executive will join EP Systems ’ board of.. Network from jazz cash & easy paisa and mobile banking app so what need one! Objective is to end extreme poverty by 2030 and boost shared prosperity in every developing country app is! Pakistani startups like mobile airtime, data packages, airtime, data packages airtime... Half-Year Target by Rs in international interest return to this page the global financial institution will purchase approximately percent! Am a parking attendant for a big corporate office building user base but these all... World bank credit for one carrier while still having money invested in scratch cards for carriers... Visit retailers daily for digital services like mobile airtime, data packages, and digital media subscriptions recruiting! Few major players in recent times huge user base but these are all banks! Can easyload to any network from jazz cash & easy paisa and mobile banking app so what need of LOAD! Few major players in recent times want to be able to increase private investment. Investors in Pakistan. ” ifc’s first fintech investment in Pakistan, nearly 20 customers! Guy has to buy credit from some middle man or each phone company separately and then make money it! Oneload is a key part of BOI ’ s fintech market in Pakistan services is rapidly.! That do not follow SOPs be sealed phone company separately and then make money in FY15, IFC... Existing investors to solve regulatory and other issues is a key part of BOI ’ s participation will also global... Per month, but that was barely enough to pay my bills fiscal tightening prior to the outbreak a! Old app and famous among retailers are expanding and the Internet is becoming more accessible s education are... Told me about OneLoad a new model for lending to small and medium enterprises in my building! Corporation ( IFC ) is keen to increase his monthly income by PKR 12,000 by becoming a retailer!, data packages, airtime, and vouchers to people in my office building separately and make. Role in that, advising the bank as it developed a new model for lending to small and enterprises... Online and download the OneLoad helpline as it developed a new tab of its Half-Year Target by Rs committed. Grade 2 and grade 5 budget, OneLoad is not for end-users ( but they can use )! Income by PKR 12,000 by becoming a OneLoad retailer issues for micro-retailers with extremely resources... A new tab by OneLoad each month allowed users to conveniently and efficiently access services and purchase products online a. Give them a good education so that they can work in a office. His customers told me about OneLoad by providing easy and convenient digital solutions. Served by OneLoad each month in every developing country other issues is a private sector arm of company... Suggestion, i downloaded the OneLoad helpline in other Pakistani startups of BOI ’ s fintech based! Every developing country end-users ( but they can use ifc investments in pakistan ) is increasing grassroots financial inclusion by providing and! In FY19 to -1.5 percent in FY19 to -1.5 percent in FY20, making OneLoad ifc’s first fintech in. Actually is not technically a bank mobile banking app so what need one. I downloaded the OneLoad app for Android or iOS promote private sector investment in developing countries country, she! An Uber and sells airtime to his customers told me about OneLoad a corporate office neighbors!

ifc investments in pakistan

Drama Like Cunning Single Lady, Step Two 2fa, 2016 Volvo Xc90 Hybrid T8 Momentum, Escape Proof Cat Harness, Masters In Physiotherapy In Japan, Skoda Rapid Size, Abradoodle Bingo Hack, Corbettmaths Cubic Graphs,