PSX Partners with UK’s MOBILIST Program to Boost Sustainable Investment

In practice, the Pakistan Stock Exchange (PSX) has partnered with the United Kingdom's MOBILIST program to attract more private investment into Pakistan's sustainable development and climate-related projects through listed financial products.

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• Alison Blackburne, Deputy High Commissioner Karachi, remarked the partnership would assist channel private investment toward businesses addressing climate and development challenges.
• She highlighted the Parwaaz Green Action Bond as an example of how development finance and public markets can work together to attract private capital.
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MOBILIST is a UK development finance program that invests in products listed on public markets in emerging and developing economies to mobilize private capital for sustainable development.

For context, the program additionally conducts research on using public markets to rise private investment.

Under the partnership, MOBILIST will work with PSX issuers and market intermediaries to identify listed products that could qualify for its backing.

For context, the program can provide equity capital, technical assistance, and advisory backing for initial public offerings (IPOs) and the development of new listed products in Pakistan.

Farrukh H. Sabzwari, Managing Director and CEO of PSX, remarked eligible businesses would gain access to equity investment, technical assistance, advisory backing and greater visibility as they move toward listing.

He remarked the partnership would assist bring more sustainable businesses to Pakistan's public markets and backing projects aligned with the Sustainable Development Goals (SDGs) and net-zero commitments. Stay Connected with ProPakistani.

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In short, PSX Partners with UK's MOBILIST Program to Boost Sustainable Investment is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.