May 15: The News report by Mehtab Haider states that Asian Development Bank (ADB) on Monday sought an increased participation of capital market and non-banking financial institutions in financing of infrastructure projects in Pakistan. “Project financing in Pakistan is only offered by a few commercial banks, with little or no role of capital markets or other financial institutions,” ADB Country Director Xiaohong Yang said. “This leads to lack of sufficient financial depth and backing in the country’s domestic credit markets to accommodate the long-gestation of infrastructure projects.”
The News: ADB seeks capital market’s role in infrastructure development
