IND.INV.CR. III

closed

The Third Industrial Investment Credit Project is aimed at: (i) financing private industrial projects through an expanded term-lending system; (ii) assisting the Government of Pakistan (GOP) in developing a more efficient stock market to increase the sources of equity finance for industry; (iii) stimulating further competition among participating financial institutions (PFIs) as a means of improving the services offered to the private sector; (iv) assisting the PFIs in their operational diversification programs; and (v) addressing selected key corporate finance issues such as bridge loans, and a more market determined interest rate. Specifically, the project funds will be lent to the GOP. The GOP will on-lend the funds to eligible PFIs. The seven PFIs (3 development banks and four commercial banks) will onlend these funds to viable private industry in all subsectors.