ISLAMABAD: The board of directors of the Public-Private Partnership Authority (P3A) on Thursday approved the appointment of the International Finance Corporation (IFC) as transaction adviser for major infrastructure projects, including the development of Islamabad and the construction of two major motorways in Punjab.

The meeting, chaired by Planning Minister Ahsan Iqbal, approved several high-impact initiatives under the public-private partnership framework, aimed at accelerating national infrastructure development.

Informed sources said the IFC — the World Bank’s commercial arm — would be hired by the Capital Development Authority (CDA) as transaction adviser for bulk water........

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