What step has been taken by State Bank of Pakistan to provide assistance for SME sector?

1 ANSWERS

1. Banking Expert
   

   State Bank of Pakistan has done away with the directed and subsidized credit. Instead we are now aiming to provide enabling environment to banks to cater to the financing requirements for different sector especially SME sector. We have already drafted the PRs for banks enabling them to evaluate the SME sector and the Consumer Financing. State Bank is also working closely with the Government for capacity building of the SME bank and other banks for financing to these sectors. Once these arrangements are put in place these would ensure flow of more credit to these sectors along with other priority areas.

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