PSX, UK's MOBILIST partner to boost sustainable investment

Mettis Global reported that the Pakistan Stock Exchange has signed a partnership with the UK's MOBILIST programme. The arrangement is designed to draw more private money into climate and sustainable development projects in Pakistan through products listed on the exchange. MOBILIST invests in listed products on public markets to channel private capital into emerging economies.

Under the deal, MOBILIST will work with PSX's issuers and market intermediaries to identify eligible products. Support can take the form of equity, technical assistance and advisory services for public offerings and new listed products. The programme also carries out research on how public markets can mobilise capital.

UK Deputy High Commissioner in Karachi Alison Blackburne pointed to the Parwaaz Green Action Bond as an example of development finance reaching private capital through public markets. PSX Managing Director and Chief Executive Farrukh H. Sabzwari said eligible businesses would gain equity, advisory help and greater visibility while working toward a listing. He linked the partnership to the SDGs and net-zero commitments.