Lahore, Pakistan, August 12, 2015—IFC,
a member of the World Bank Group, is helping Pakistan’s leading textile
producer, Nishat Mills, reduce its environmental footprint and improve
competitiveness by identifying opportunities for energy and water savings.
Pakistan's textile industry is the largest
manufacturing sector in the country, employing more than 30 percent of
the nation's workforce. But textile production and processing - which includes
the washing, dyeing, and finishing - has a heavy environmental toll, consuming
several billion liters of groundwater each year and a significant share
of Pakistan’s industrial electricity.
Nishat, a premier composite textile
mill, with Pakistan’s largest production facilities for spinning, weaving,
processing, and stitching, wants to set the example and cut its own footprint.
IFC’s Resource Efficiency Advisory program will provide the textile giant
with an assessment of energy and water efficiency opportunities at its
“IFC has unmatched data and resources
and this allows us to accurately benchmark our performance with the best
of the best global players,” Umer Mansha, Chief Executive Officer of Nishat
Mills Limited, said. “Nishat values IFC’s expert and impartial opinions
on resource efficiency.”
IFC advises clients on options to reduce
operating costs, minimize waste, and decrease harmful environmental impact.
Along with these recommendations, IFC will also offer Nishat an action
plan with key priorities, investment estimates, and an implementation schedule.
“Pakistan’s textile sector is an important
foreign currency earner, making up 8.5 percent of Pakistan’s Gross Domestic
Product,” said Nadeem Siddiqui, IFC Country Manager in Pakistan. “It
is also a key consumer of energy in a country presently being tested by
a power crisis. For that reason, engagements helping first movers to address
common challenges in energy and resource consumption are crucial.”
Pakistan represents IFC’s largest exposure
in the Middle East and North Africa region. In the last three years, IFC
has ramped up its investments and advisory services work to support the
development of Pakistan’s private sector.
IFC, a member of the World Bank Group,
is the largest global development institution focused exclusively on the
private sector. Working with private enterprises in about 100 countries,
we use our capital, expertise, and influence to help eliminate extreme
poverty and boost shared prosperity. In FY14, we provided more than $22
billion in financing to improve lives in developing countries and tackle
the most urgent challenges of development. For more information, visit