IFC backs Pakistan’s Novatex with $20m loan
The International Finance Corporation (IFC) has approved a loan of up to $20 million for Novatex Limited to finance the import of raw materials and equipment, supporting Pakistan's plastic packaging industry and strengthening supply chains for export
August 07, 2026 (MLN): The International Finance Corporation (IFC) has approved a loan of up to $20 million for Novatex Limited to finance the import of raw materials and equipment, supporting Pakistan's plastic packaging industry and strengthening supply chains for export-oriented sectors. The financing is aimed at ensuring the continued availability of packaging materials used by industries such as food processing...