Habib Bank Ltd. and the Islamic Development Bank have signed an agreement by way of which IDB will offer a credit facility of US$20m to HBL.
President Union of Small & Medium Enterprises (UNISAME) Zulfikar Thaver said the Ministry of Commerce should rejuvenate Pakistan Export Finance Guarantee Agency (PEFGA) and broaden its scope to meet the requirements of 3.8 million small- and mediu
Consultative Group to Assist the Poor (CGAP), a subsidiary of the World Bank has awarded the international ‘Honourable Mention’ 2004 financial transparency award to the First Micro Finance Bank Ltd (FMFB).
President Habib Bank Ltd (HBL) Zakir Mahmood has said that the bank lent Rs50 bn so far to SME sector and it has witnessed an increase of Rs13 bn in the year 2004.
Qasim Nawaz, joint director of State Bank of Pakistan said the modalities of long term financing for export-oriented projects at a low rate of interest of five per cent to be provided through a few designated commercial banks in Pakistan.
The Asian Development Bank (ADB) and the United States Agency for International Development (USAID) have doubled their financial assistance and would now provide US$164.4m to Pakistan.
Small and Medium Enterprise Developmental Authority, (SMEDA) has recommended early establishment of SME Credit Guarantee (SCG) and Credit Insurance Funds (CIFs) for the speedy promotion of SMEs particularly in the manufacturing sector.
Textile export of the country faces a problem of high export refinance rates at 5 per cent coupled with 13.1 per cent anti-dumping duty and 12 per cent GSP duty , making export items 30 per cent more expensive as compared to those from India, Chin
The National Bank of Pakistan (NBP) has found great potential for the growth of the small-and medium-sized enterprise (SME) sector in Pakistan and will increase its lending SMEs from the present level of Rs 22 billion to Rs 70 billion (US$1.2bn) i
