SMEs | Pakistan

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed that a comprehensive strategy be formulated to improve small and medium-sized enterprises’ (SMEs) access to financing. He made these remarks while chairing a review meeting of the Small and Medium Enterprises Development Authority (Smeda) in Islamabad. According to the Prime Minister’s Office (PMO), the premier directed the authority to formulate a comprehensive strategy, in coordination with the State Bank of Pakistan and commercial banks, to improve SMEs’ access to financing. He stressed that greater facilitation should be provided for extending loans to SMEs to boost the country’s exports. He also directed that they be supported in enhancing their productive capacity, particularly by providing awareness and access to financing for farmers processing agricultural produce. The prime minister further directed that commercial banks be encouraged to develop dedicated financial products tailored to the needs of SMEs. PM Shehbaz instructed that SMEs sho...

Calls for assistance to SMEs in preparing feasibility studies, completing requirements needed to obtain financing

Prime Minister Shehbaz Sharif on Wednesday directed that the commercial banks take steps to ensure the access of women entrepreneurs and small and medium enterprises (SMEs) to easy loans, besides assisting them in exporting their products.

ISLAMABAD - Prime Minister Muhammad Shehbaz Sharif on Wednesday directed the State Bank of Pakistan and commercial banks to further simplify and expand credit mechanisms for small and medium enterprises (SMEs), new businesses and small farmers amid terming improved access to finance a top government priority for economic growth and.