SME financing Pakistan to double to Rs2.2trn by 2028, PM says
The directive on SME financing Pakistan would lift total loans from Rs1.1 trillion to Rs2.2 trillion by 2028, with SMEDA told to explain how to apply for bank finance.
PM Shehbaz Sharif directed that total SME loans rise from Rs1.1 trillion to Rs2.2 trillion by 2028.
The directive came at a Monday, October 12 meeting on reforms at SMEDA, the government's SME development authority.
SMEDA is to run an awareness drive on business loans and make feasibility studies available in local languages.
SMEDA and Alibaba signed a memorandum of understanding to train 10,000 SMEs over two years.
The official account gives no changes to interest rates, eligibility rules or application steps.