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US$400 MLN ADB LOAN TO HELP PAKISTAN REFORM CAPITAL MARKETS.
Publication: AsiaPulse News Publication Date: 31-JUL-07 |
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COPYRIGHT 2007 Asia Pulse Pty Ltd
MANILA, July 31 Asia Pulse - The Asian Development Bank (ADB) will lend Pakistan US$400 million to assist it develop well-functioning capital markets, particularly in equity and long-term debt.
This will further strengthen the country's economy, making it more resilient to financial shocks.
Capital market development is a central plank of the government's reform agenda because of its importance for resource mobilization and intermediation, investment finance and employment creation.
Pakistan has made considerable progress...
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