Rate hike hits export loans
Banks will charge 5 per cent maximum markup on export loans in December 2004. To May 2004 they were charging 3 per cent but a gradual hike in the State Bank's refinance rate has made
Banks will charge 5 per cent maximum markup on export loans in December 2004. To May 2004 they were charging 3 per cent but a gradual hike in the State Bank's refinance rate has made
The Pakistani government has launched three special funds to promote small-sized enterprises (SSIs).
The working committee on finance formed by the National Small and Medium Enterprises Development Task Force (NSDTF) has proposed to establish a Venture Capital Fund, small- and medium-sized enterprise (SME) Credit Guarantee Institution and SME Cre
SME Bank has launched its ‘loan remission Ramazan package’ to help borrowers to settle their loans and outstanding liabilities.
The Asian Development Bank (ADB) has approved a foreign loan of US$200m for restructuring, revival and development of small- and medium-sized enterprises (SMEs) sector industries in Pakistan.
The Pakistan Insurance Corp (PIC) administers an export-credit-guarantee scheme that deals with all exports not covered by letters of credit.
According to Aniqul Islam, chief executive of the DCD-JS Factors Limited: “At present about 20 per cent of Pakistan’s export trade is being done on a ‘payment on acceptance of document’ basis (D/A).”
The Export Promotion Bureau (EPB) is to set up a centre within the Bureau for small- and medium-sized enterprises (SMEs) to develop and promote SME exporters.
In order to facilitate small- and medium-sized enterprises (SMEs) in Pakistan, the Union of Small and Medium Enterprises (UNISAME) has proposed the formation of an SME Club.
SME Bank, a development finance institution, will get a commercial bank licence from the State Bank next month, according to local sources.