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Rs.400 Billion Loan for SMEs

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Loan facility would enable enterprises to innovate, upgrade, improve productivity and play more effective role in economic development of Pakistan.

Published in: Economy & Finance
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Rs.400 Billion Loan for SMEs

  1. 1. Rs.400 Billion Loan for SMEs State Bank of Pakistan has extended loans of Rs.400 billion to Small and Medium Enterprises (SMEs) by 2020 through National Finance Inclusion Strategy (NFIS). SMEs constitute 95% of the enterprises in Pakistan, provide jobs to 80% of non- agricultural labor force, contribute 40% to GDP and 35% to exports. The loan facility would enable enterprises to innovate, upgrade, improve productivity and play more effective role in economic development of Pakistan. Hopefully State Bank of Pakistan would support private universities of country to tap their potential. Daily 10 Minutes – 1st Creative e-Paper of Pakistan Submitted for Journalism Award

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