KARACHI: The United States Agency for International Development (USAID) and Securities and Exchange Commission of Pakistan hosted a three-day event here on non-banking finance and capital markets.  

The event was attended by hundreds of financial sector experts, government officials and business representatives.

Speaking on the occasion USAID Mission Director John Groarke  held: “USAID is proud to work with the Pakistani government to strengthen the financial sector and increase private-sector access to finance. The more efficiently and effectively capital is allocated, the more progress Pakistan will make in meeting international financial milestones and emerging as a formidable economic force in global markets.”

Groarke further added: “USAID is working with Pakistan on debt security issuances, strengthening the debt market and helping four signatory financial institutions increase access to loans for SMEs. Key to that is developing private-equity finance to improve access to all forms of financing for SMEs, such as equity, leasing, venture capital and credit financing.