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SBP governor speaks about increased financing for SMEs
LAHORE: State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that a significant increase in financing for small and medium enterprises (SMEs) is among the government’s key economic priorities while agriculture, housing and exports are also receiving special attention. Addressing at the Lahore Chamber of Commerce and Industry (LCCI), he said the limit for SME loans without collateral had been increased from Rs10 million to Rs50 million. The definition of SMEs had also been revised, he added. The annual turnover limit for small enterprises had been raised from Rs150 million to Rs400 milli...
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