KARACHI: The International Finance Corporation (IFC), a part of the World Bank Group, and Bank Alfalah Limited, have arrived at a concession to IFC's proposed $67 million interest in Bank Alfalah by subscribing to 15 for every penny value interest in the bank to help it build its get to, said a press discharge issued on Thursday.
"We see this potential organization with IFC as a long haul key cooperation which will reinforce our focused position and permit us to expand our capital for development both in Pakistan and universal markets," said Atif Bajwa, President and CEO of Bank Alfalah.
"It additionally speaks to a huge commitment to remote immediate interest in the nation."
The transaction is expected to close in the wake of getting all important administrative and shareholder approbations, it includ
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