The State Bank of Pakistan is committed to provide financial access to 50 per cent of SMEs in the country through NFIS (National Financial Inclusion Strategies), while aiming to extend Rs400 billion as SME loans by the year 2020. The stakeholders urged the creation of a supportive regulatory environment, to optimize productivity through technological and financial access, as the SMEs have the potential to bring a powerful economic revolution in a developing country like Pakistan.
This was stated by Assistant Director SBP, Imran Ahmed while addressing the 10th Pakistan SME Conference 2016 organized by Shamrock Conferences International, concluded in Karachi on Tuesday. The experts and regulators deliberated upon broad-based solutions for accelerating growth in the Small and Medium Enterprises (SME) sector.
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Source: Pakistan Observer