SME long-term financing: PM orders end of 80pc export rule
The Prime Minister also told banks not to step away from the concessional scheme, as the State Bank's new SME loan portal has drawn over 10,000 applications since November 1.
Prime Minister Shehbaz Sharif directed that SMEs no longer need 80 per cent of their exports to access long-term financing.
No bank may deviate from the concessional financing scheme for SMEs and exporters, he said.
About 17,000 export-oriented SMEs operate in Pakistan, officials told the meeting.
The State Bank's SME loan portal has received over 10,000 applications since its November 1 launch.
Rs300 billion is allocated under the Export Finance Scheme and Rs350 billion this year for long-term financing.