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Daily Times Minister says provision of microcredit will create employment opportunities at local level May 7, 2021 Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with the Minister for Industries and Production Makhdoom Khusroo Bakhtiyar at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance & Revenue Dr. Waqar Masood was also present during the meeting. Governor State Bank of Pakistan Reza Baqir joined the meeting through video link. Governor State Bank of Pakistan briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for a tenure up to 3 years through the network of Commercial banks. The banks will design innovative products to reach out to the smaller businesses whereas the government will provide risk sharing facility to the banks, he added. The Governor also shared that, at present, there are around a hundred thousand smal ....
Government to Focus on SME Sector for Achieving Sustainable Development Federal Minister for Finance and Revenue, Shaukat Tarin, held a meeting with the Minister for Industries and Production, Makhdoom Khusroo Bakhtiyar, at the Finance Division to discuss the features of a new credit scheme for the SME Sector. SAPM on Finance and Revenue, Dr. Waqar Masood, was also present during the meeting. Governor State Bank of Pakistan (SBP), Dr. Reza Baqir, joined the meeting through a video link. SBP Governor briefed the Finance Minister on the proposal for the provision of funds for the small businesses (without collateral) for tenure up to 3 years through the network of Commercial banks. ....