SME sector a priority for State Bank

Published October 20, 2020
State Bank of Pakistan Deputy Governor Sima Kamil on Monday said small and medium enterprises sector would be facilitated on a priority basis. — APP/File
State Bank of Pakistan Deputy Governor Sima Kamil on Monday said small and medium enterprises sector would be facilitated on a priority basis. — APP/File

KARACHI: State Bank of Pakistan (SBP) Deputy Governor Sima Kamil on Monday said small and medium enterprises (SMEs) sector would be facilitated on a priority basis.

Addressing the members of Korangi Association of Trade and Industry (Kati) on Monday, she discussed more relaxation in policies for exporters and direct coordination between SBP and the business community. The participants agreed on the formation of a combined committee for SMEs.

A Kati press release, Kamil informed the businessmen that for loan and finance packages and medical facilities, SBP has provided Rs1.3 trillion. For easy transfer of remittance and investment opportunities, Roshan Pakistan and other schemes have been introduced, she added.

The SBP official said industries could also benefit from Temporary Economic Refinance Fund (TERF) which was a very beneficial incentive for industry. Kamil urged women entrepreneurs to avail opportunities introduced by SBP schemes.

President Kati Saleem-uz-Zaman said financial health and an improved environment should be the first priority of the government and financial institution.

Published in Dawn, October 20th, 2020

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