SME credit ceiling of National Bank raised
The State Bank of Pakistan (SBP) has raised small- and medium-sized enterprises (SMEs) credit ceiling of state-controlled National Bank of Pakistan (NBP) to a record level of Rs36bn.
The State Bank of Pakistan (SBP) has raised small- and medium-sized enterprises (SMEs) credit ceiling of state-controlled National Bank of Pakistan (NBP) to a record level of Rs36bn.
The State Bank of Pakistan (SBP), while clarifying its prudential regulations regarding small- and medium-sized enterprises (SMEs), has fixed a monetary threshold of Rs300 million for three types of SMEs.
SME Bank recovered Rs2.5 billion out of Rs15 billion during the last 18 months from those who had taken loans from the Regional Development Finance Corporation (RDFC) and Small Business Finance Corporation (SBFC).
Dr. Ishrat Husain, governor of the State Bank of Pakistan, shows why commercial banks should be lending to the small- and medium-sized enterprise sector in Pakistan.
Mirza Ikhtiar Baig, the chairman of banking, credit and finance at the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has welcomed the scheme to provide long term finance for export-based projects for the small and medium industri
The State Bank of Pakistan (SBP) has designed a new long-term loaning scheme for small-and medium-sized enterprises to facilitate the purchase or import of machinery. The loans will be priced at 1-3 year Treasury bill rates.
Pakistan Industrial Credit and Investment Corporation (PICIC) has so far disbursed Rs 300 million among small entrepreneurs under small business finance (SBF) in the last twelve months.
The development of small- and medium-sized enterprises (SMEs) has been on the official agenda since 1959, but only an estimated 40 per cent of SMEs borrow money from banks, although SMEs constitute about 80 per cent of the country's businesses.
The Union of Small & Medium Enterprises (UNISAME) has drawn the attention of bankers to the fact that most SMEs’ vendors’ bills are tied up, hindering cash flow.
The State Bank of Pakistan (SBP) will pursue and educate commercial banks to extend loans to small- and medium-sized enterprises (SMEs) on a cash flow basis under the newly implemented Prudential Regulations for SMEs.