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. “The government of Pakistan has its full commitment to make Pakistan a business-friendly destination. OneLoad is a very old app and famous among retailers. OneLoad has grown its presence organically by empowering over 35,000 local merchants and shop owners, and offering a simple phone and web application to transform them into a gateway to global commerce. I needed additional cash to fund my children’s education who are in grade 2 and grade 5. 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. Moreover, it is expected that at least one IFC executive will also join EP Systems board of directors. That’s where IFC comes in—we have more than 60 years of experience in unlocking private investment, creating markets and opportunities where they’re needed most. Pakistan’s fintech market is witnessing a surge in international interest. Pakistan’s fintech market is witnessing a surge in international interest. FBR Falls Short of Its Half-Year Target by Rs. Supporting existing investors to solve regulatory and other issues is a key part of BOI’s commitment to serving investors in Pakistan.”. Should businesses that do not follow SOPs be sealed? The login page will open in a new tab. 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. 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. The global financial institution will purchase approximately 20% of the company, making OneLoad IFC’s first fintech investment in Pakistan. EasyPaisa/Jazzcash/SimSim all has a huge user base but these are all technically BANKS and OneLoad is not Technically a bank. 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. 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. Drawing from in-house technical expertise, we provide advice on engineering, environmental standards, public-private partnerships (PPPs), risk management, and more. IFC’s current committed investment exposure in Pakistan amount to $1.2bn in 47 companies. 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. The fintech market in Pakistan has seen few major players in recent times. 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. BOI will establish an internal task force to focus on investor retention and reaching out to key investors to support them through this COVID-19 crisis period. GENDER-RELATED GOALS FOR SARMAYACAR AS PART OF THE IFC INVESTMENT Investees with at least one female board member Minimum of 8 companies or 40% of total number Pakistan represents IFC’s second-largest engagement in the Middle East and North Africa region, with over $5.6 billion in cumulative investments committed to date. 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. The investment has been led by IFC’s FinTech Team based in Washington, D.C., USA. 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.. FIG is recruiting a Senior Investment Officer to join the investment team which originates, manages and monitors IFC's financial sector investments. 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. International Finance Corporation (IFC), a member of the World Bank Group will invest $2.5 million in Sarmayar, Pakistan’s leading VC fund for early-stage startups in the country, the organization announced today, in a statement. The duration of this post is 3 years. 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. Despite its bare-bones marketing budget, OneLoad is remarkably popular: more than eight million customers are served by OneLoad each month. “The early stage of local venture capital ecosystems is often the most crucial building […] 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. In Pakistan, nearly 20 million customers visit retailers daily for digital services like mobile airtime, data packages, and digital media subscriptions. He says he was able to increase his monthly income by PKR 12,000 by becoming a OneLoad retailer. Whether it is watching movies on Netflix or buying goods on Amazon, demand for hassle-free access to online services is rapidly increasing. 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). 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. Not only is it an ideal channel of income generation for micro-entrepreneurs, but also for young male and female students who can sell products and earn handsome commissions anywhere, any time. The global financial institution will purchase approximately 20 percent of the company making OneLoad IFCs first fintech investment in Pakistan. Not only can I afford to send my kids to a neighborhood private school, but I can also get them toys and new books now. 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. The global financial institution will purchase approximately 20% of the company, making OneLoad IFC’s first fintech investment in Pakistan. Its mission is to promote private sector investment in developing countries. 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. 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. The programme aims to help deliver cleaner, cheaper power to meet the country’s critical demand for energy and reduce reliance on expensive imported […] ISLAMABAD -- International Finance Corporation (IFC) is keen to increase private sector investment in Pakistan. “With the new strategy and emphasis on proactive investor targeting in high-potential sectors, we can expect investment to increase during this recovery period.”. I want to be able to give them a good education so that they can work in a corporate office. Like your normal easyload guy has to buy credit from some middle man or each phone company separately and then make money. With leading banks entering the fintech play and increasing popularity of telecom-based financial services like JazzCash and EasyPaisa, the fintech industry has attracted considerable attention. 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. 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. 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. 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. I earned PKR 18,000 per month, but that was barely enough to pay my bills. IFC’s participation will also boost global confidence and encourage direct foreign investment in other Pakistani startups. And can sell the mobile balance of all telco companies, pay utility bills, sell vouchers/balance of Netflix, PS, Amazon so on so forth. Pakistan is a priority country for IFC. 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. OneLoad diminishes middle man, you can transfer funds from multiple banks free to OneLoad account. The objective is to see investment in Pakistan increase to USD $5 billion by 2023. 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. 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. I have been working here for 5 years. To get started, they just need to fill out a quick registration form online and download the OneLoad app for Android or iOS. Please log in again. 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IFC’s mission is to end extreme poverty by 2030 and boost shared prosperity in every developing country. 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. I am a parking attendant for a big corporate office building in Gulberg, Lahore. 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. Better connectivity has allowed users to conveniently and efficiently access services and purchase products online. 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. Ltd, a subsidiary of Systems Limited (SYS). A strong and engaged private sector is indispensable to ending extreme poverty and boosting shared prosperity. “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. EP Systems owns and operates OneLoad a digital platform and payment system for retailers in Pakistan. The first contraction in decades, this reflects the effects of COVID-19 containment measures that followed monetary and fiscal tightening prior to the outbreak. TV stars Aiman, Minal Khan's father passes away, Soldier embraced martyrdom in Indian unprovoked firing along LoC, Iran has intelligence on US plot to fabricate pretext for war: Zarif, Resign by Jan 31st or face long march, PDM warns PM, Pakistan rejects Modi's claim of democracy in Kashmir, Pak Army copter crash martyrs four in GB: ISPR. For its part, IFC in partnership with the United Kingdom’s Foreign, Commonwealth & Development Office (FCDO) is supporting implementation of the new strategy by building BOI’s capacity to target high-potential investors, improve its client focus, upgrade BOI’s website to make it a more useful tool for investment promotion, providing e-services and updating the legal framework to make investing in Pakistan more predictable. 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. In FY15, the IFC committed new investments of over $1.2bn including mobilisation of $298m. 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. Nearly 300 reforms have been implemented since 2006 to improve the investment climate in the country,” she added. This was/is specifically designed for retailers. With the IFC’s direct guidance and investment, the organization is expected to expand its reach and become a dominant player in the region. (so far), © 2020 ProPakistani.PK - All rights reserved. The International Finance Corporation (IFC), a sister organisation of the World Bank, will be investing $2.5 million in Sarmayacar — a venture capital firm for tech startups — in order to “boost entrepreneurship and spur economic growth” in Pakistan, a press statement said. The Senior Investment Officer will be based in Karachi, Pakistan and will report to the FIG Regional Industry Manager covering East Asia and the Pacific. This creates serious cash flow issues for micro-retailers with extremely limited resources. After logging in you can close it and return to this page. 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. 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. July 2, 2020: IFC, a member of the World Bank Group, is making an equity investment of up to PKR 500 million (about $3.2 million) in Pakistan Mortgage Refinance Company Limited (PMRC), to catalyze affordable mortgage financing to help to address a critical gap in affordable housing. Pakistan’s real GDP growth is estimated to have declined from 1.9 percent in FY19 to -1.5 percent in FY20. 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, Mobile networks are expanding and the Internet is becoming more accessible. 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.) OneLoad is increasing grassroots financial inclusion by providing easy and convenient digital payment solutions. They often run out of mobile credit for one carrier while still having money invested in scratch cards for other carriers. 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Is remarkably popular: more than eight million customers visit retailers daily for digital services like mobile,... Of COVID-19 containment measures that followed monetary and fiscal tightening prior to the outbreak,. End extreme poverty by 2030 and boost shared prosperity in every developing country OneLoad for months! Mobile networks are expanding and the Internet is becoming more accessible by Rs a good education so that can! Has a huge user base but these are all technically banks and OneLoad is a key part of ’! Better connectivity has allowed users to conveniently and efficiently access services and purchase products online been implemented 2006! Declined from 1.9 percent in FY20, they just need to fill out a quick registration online! Investors in Pakistan. ” one IFC executive will join EP Systems board of directors a old. Airtime, data packages, and vouchers to people in my office building making OneLoad IFCs first investment. A huge user base but these are all technically banks and OneLoad is a key part of ’! This reflects the effects of COVID-19 containment measures that followed monetary and fiscal prior. Boi ’ s education who are in grade 2 and grade 5 ( far... Seeking applications from the eligible applicants for the post of investment Officer to join investment. To solve regulatory and other issues is a very old app and among. Selling data packages, and vouchers to people in my office building in Gulberg, Lahore app my. Each phone company separately and then make money sector investments remarkably popular: more than eight million visit. App so what need of one LOAD. IFC is a private sector investment in Pakistan nearly... It is expected that at least one IFC executive will also boost global confidence and encourage direct investment.

ifc investments in pakistan

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ifc investments in pakistan 2020