IFC Invests $50.2 Million in Sindh Tyre Facility to Boost Local Production

Dawn

The International Finance Corporation (IFC) is providing financing of up to $50.2 million to support a private sector enterprise in developing a state-of-the-art greenfield tyre manufacturing facility in Sindh, Pakistan. This investment aims to increase local production and reduce reliance on imported tyres, promoting economic growth and job creation in the region. With a focus on sustainable development, this project is expected to have a positive impact on the environment and the local community, while also contributing to the growth of the automotive industry in Pakistan, including tyre manufacturing and supply chain management.