To help the youth and keeping in view the investment activities in developed countries, a local bank has expressed the desire to introduce an angel investment scheme. “Similar to the developed countries, we are set to support the private sector and wish to establish an angel investment fund (AIF) in collaboration with the LCCI to support new businesses,” he said. Usmani said the bank, in cooperation with the private sector, wanted to develop a bankable and viable structure for increasing lending to the housing sector. In that regard, four to five nominated representatives of the private sector should work in collaboration with the bank to develop a financing structure, he stressed. He shared his intention to cooperate with the private sector to have a better understanding of complexities of the housing sector, citing that the potential for growth of the housing sector was massive.

Source: The Express Tribune October 22, 2020 03:22 UTC