Pakistan, Dec. 23 -- IFC announced its first PKR denominated investment via an unfunded Partial Credit Guarantee of up to PKR 33.6 billion (approximately US$120 million equivalent) to support a long-term PKR-denominated financing from Standard Chartered Bank Pakistan Limited to Engro Fertilizers Limited (Engro Fertilizers). This financing will enable Engro Fertilizers to strengthen the agri-value chain in Pakistan by mobilizing local capital. The investment-aimed at strengthening Pakistan's agriculture sector and bolstering food security-also benefits from a first loss counter guarantee from the IFC-Canada Facility for Resilient Food Systems.This engagement marks IFC's first local currency investment in Pakistan, thus expanding access to lo...