ISLAMABAD: Pak­istan on Tuesday launched the country’s first-ever private-capital-funded Pakistan Skills Impact Bond (PSIB), backed by a guarantee from the Min­istry of Finance to opera­tionalise the inaugural Rs1 billion pilot tranche of a three-year instrument to fund a wider and scalable Technical Skills Development Programme.

The launch ceremony, which also featured the signing of financing documents including investor and issuer agreements, was attended by senior government officials, development partners, private sector leaders and........

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