Pakistan, Oct. 20 -- The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with the State Bank of Pakistan (SBP) to expand local currency financing and support private sector growth in Pakistan.Through an ISDA agreement, the partnership will enable IFC to manage currency risks more effectively and increase its investments in Pakistani rupees. This is an important step towards unlocking financing for critical sectors of the economy and creating jobs across the country. Exchange rate risks pose a significant challenge for companies in developing economies that borrow in hard currencies, such as the U.S. dollar, while earning revenue in local currencies. Addressing this currency mismatch is essential not ...