Liaquat Jatoi, minister for industries and production, said Wednesday that the mark-up charged by the Small and Medium Enterprise (SME) Bank and Khushali Bank should be considerably cut to help boost small and medium size sector.
“The high interest rates charged by these two banks are not helping in the development of the small enterprises or complementing government’s efforts of poverty alleviation,” Mr Jatoi told reporters at a seminar on strengthening industrial competitiveness through quality management organised by the Experts Advisory Cell (EAC) of the ministry of industries and the United Nations Industrial Development Organisation (UNIDO).
