The Asian Development Bank (ADB) approved a $300 million loan on Tuesday to further develop Pakistan’s capital markets, promote private investment in the country, and help mobilise domestic resources to finance sustainable growth.
According to a statement, the second sub-programme of the ADB’s Third Capital Market Development Program builds on institutional and regulatory reforms put in place under the first sub-programme approved in 2020.
It aims to catalyse institutional investor demand and increase the range of alternative financial instruments, such as derivatives and commodity futures, that are available to investors.
