LAHORE, April 4: A two-member Asian Development Bank fact-finding mission is in the city these days to get feedback on the capital market reforms effected by government with the financial and technical assistance of the bank.

“We are here to learn from issuers (of the stocks), brokers, and investors as to what do they feel about the reforms and what kind of difficulties are they facing,” ADB senior evaluation specialist Aftab Qureishi said while talking to businessmen at the LCCI.

Besides, the mission is also ascertaining facts about saving schemes, insurance, mutual funds, pension funds, leasing, and privatization.

The mission also visited the Lahore Stock Exchange to hold a meeting with its officials and directors. Speaking at the LCCI, Qureishi said Pakistan needed to make business more self-disciplined by doing away with excessive regulations.

Pakistan is seeking assistance from the ADB to implement a second capital market reforms programme to improve its stock exchanges and corporate governance by “deepening the reforms already introduced by the government”. Confirming this, Qureishi said the bank had yet to take a final decision on the request.