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Rs2trn target set for SME financing
ISLAMABAD: The government has set an ambitious target to nearly double SME financing to Rs2 trillion and increase the number of potential borrowers to 775,000 by June 2028, as the Finance Ministry pushed banks and other financial institutions to accelerate lending to businesses, farmers, homebuyers, and other underserved segments. Federal Minister for Finance and Revenue, Muhammad Aurangzeb, chaired the fifth meeting of the Access to Finance Steering Committee here on Wednesday to review progress on expanding access to finance across priority areas. The Finance Minister emphasized that the Com...
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