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SBP mulls financing for SMEs without collateral

SBP mulls financing for SMEs without collateral
Business
May 7, 2021
ISLAMABAD: The government on Thursday agreed to provide seed money to a new financing scheme for small and medium enterprise (SME) sector proposed by the central bank.
Federal Minister for Finance and Revenue Shaukat Tarin said the provision of microcredit will create employment opportunities at the local level.
“[It] will enhance GDP growth and will help in achieving sustainable and robust economic growth,” Tarin said during a meeting with the Minister for Industries and Production Khusroo Bakhtiyar. Special Assistant to Prime Minister on Finance and Revenue Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link. ....

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